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ikke1959

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    Change in the tax law does target expats living in Thailand and extends reporting obligations

    in Thailand News Headlines

    Posted

    21 hours ago, Mike Lister said:

    Once again, the Thai workforce is about 32 million people, of that number, about 6% pay tax via a PAYE equivalent. The remainder OF THE WORKFORCE may or may  file a tax return and may or may not pay tax. Most of the remainder are either self employed or work as a limited company. The tax deductions and allowances for the self employed are very very generous, a person can turnover 1 million in sales and pay no tax, I know, my wife does.

    I know tax in Thailand is very low,but I know also that the RD have no clue who is earning what and we had an example a few months back when a official only claimed he earned 1 million but in reality it was 50 times more... As long as there is no control  and the RD doesn't know who is doing what everybody can fill in what they want...In my country every business needs an accountant, and they fill in the tax  for and once in a few years time the tax people come and check everything to see if there is no fraud. Here in Thailand there is no control whatso ever, and many don't fill in a tax form not even to get a reduction and many are paid without tax paying.. It is all outdated the whole system, but now they want the foreigners to pay for their own shortcomings

    • Agree 4

    Change in the tax law does target expats living in Thailand and extends reporting obligations

    in Thailand News Headlines

    Posted

    Maybe the RD should start with the Thai people to let them fill in a tax form ad check if the information is correct. 70% of the Thai people don't pay tax while they have a lot of money to spend it seems, although many don't have that wealth. Foreign taxes are much complicated than they think and it is the question if the RD is capable of handling all that in formation as it will be in the native language or maybe English, but English is not the strongest language here.. and not to speak about the complex information in the language of the country.  Anyway I think it will be more affect Thai citizens than expats.We all know that digital programs are not working well too.. many examples aswe have seen fr the Covid , 90 days reporting immigration services.. If you enter Thailand they local immigration have no clue ..and still need a picture by extending your visa and all kind of information that was given already at the airport a week ago.. So don't worry too much now 

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    • Popular Post
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    Change in the tax law does target expats living in Thailand and extends reporting obligations

    in Thailand News Headlines

    Posted

    Maybe the tax department should first set up a good system for their own people, as almost nobody in Thailand pays taxes.. They have n clue what people are doing, earning and possess.... And the ones who pay taxes are not reliable too as we have seen recently in the news.... And when hey have that done, maybe they cold focus on foreigners

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    Tragic Red Light Collision in Ratchaburi Claims One Life

    in Central Thailand News

    Posted

    16 hours ago, Skipalongcassidy said:

    Do you "brake" while going through a green light?  The truck was going through a green light on a highway... the motorcycle hit his rear wheels.

    When I learned to drive a car we always had to slow down at traffic lights.... not braking, but here in Thailand is speeding the only things that counts and than unexpected things occur as there is no time for braking anymore

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