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Lorry

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Everything posted by Lorry

  1. Isn't it amazing, how PwC and Sherrings don't say "instead of" or "in addition to"? Only moneymgmnt gives a clear and simple answer, unfortunately the wrong one. What does the RD say? You quote ภ.ง.ด.91 which is for taxpayers who have only income from employment (the title of the pdf says so), so it's not useful for us. Go to https://www.rd.go.th/english/63902.html Download: No 1 - the form, also called ภ.ง.ด.90 Personal Income Tax Return for taxpayer with income not only from employment (Tax Year 2022) No 2 - the guide Guide to Personal Income Tax Return 2022 (ภ.ง.ด.90) No 6 Income Exemption Entitlement Form to be used with ภ.ง.ด.90 for the year .... This is what we need. On p7 of the guide they talk about those 190000 exemption for over 65 y.o. The 4th bullet point says: If you are qualified for the exemption mentioned above, please fill out the “Income Exemption Entitlement Form” (i.e. No 6) and deduct an income exemption amount from income calculated in that form as your assessable income on ภ.ง.ด.90 (= the form). The headline on top of this same p7 says "Page 2-4 of ภ.ง.ด.90 (= the form) – Assessable Income" and all the following pages of the guide, until p26, explain how to calculate the assessable income. Then on p26 the guide explains "Computation of Net-Income Tax In computing tax liability by using the Net-Income Tax method, a taxpayer has to take into account all assessable income arising in a tax year. The next step is to deduct the deductible expenses from assessable incomes. Allowances are then to be deducted in accordance with the taxpayer’s circumstances. The last step is to subtract any qualified charitable contribution within the limit specified by law. Then, the progressive tax rates will be applied to any income left from all deductions." (Later it explains another method, "Computation of Gross-Income Tax" - that's for people who have so much money that they may not care about 190000. The LTR crowd, maybe.) The "progressive tax rates" are the often-quoted table 3.1 Progressive Tax Rates Personal income tax rates applicable to taxable income are as follows Tax rates of the Personal Income Tax Taxable Income (baht) Tax Rate (%) 0-150,000 Exempt more than 150,000 but less than 300,000 5 more than 300,000 but less than 500,000 10 more than 500,000 but less than 750,000 15 more than 750,000 but less than 1,000,000 20 more than 1,000,000 but less than 2,000,000 25 more than 2,000,000 but less than 4,000,000 30 Over 4,000,000 35 as seen at https://www.rd.go.th/english/6045.html So, after all, those 190000 exemption for taxpayers over 65 are to be deducted at the very beginning of the calculation, when you calculate assessable income. Deductions and allowances are deducted later. If the resulting net income is less than 150000, no tax is due. In effect, the 190000 are "in addition to" the 150000.
  2. I think you are right, but: Where do you get the word "instead" from? I have read both versions, "instead of 150000" and "in addition to 150000", both in reliable sources. I have no idea which one is true.
  3. Every time I see googling called "research" I want to vomit
  4. Your liberal usage of the word socialism shows you have no idea what socialism really is about. But we don't want to discuss this here. It's ok to parachute into Thailand when 65, complain that the infrastructure - paid by Thais - is not up to European standards but refusing to pay tax here? I know it's not you (at least not on this forum) but many people I know are like this. I don't pay a lot of tax here - and don't want to - , but I don't expect a lot from the Thai government, either.
  5. All correct. And of course, any law can be retroactive. Happens all of the time. Example: statute of limitations for all kinds of sexual offences in many Western countries.
  6. Palm oil planting is the reason for "the haze" (doesn't it sound cuter than "smog") in Singapore and Malaysia right now, as every year. They blame Indonesia. Somehow they forget to mention that the companies burning down Indonesia are often Singapore-owned. Right, that's when the smog we have now started. Thailand didn't become a sugar producer overnight, it took a couple of years after the coup 2014. The smog now is a "haze" of PM 2.5, unlike the bigger particles of the brown smoke of the 90s. PM 2.5 are so small they enter your lungs. They are only filtered out by a N95 mask, a surgical mask, like in the 90s, isn't enough. You probably confuse AQI and PM 2.5 Or your meter isn't that good Do you really believe, when the window is open, the air inside is better than outside? As said by others, it does make a big difference. Measurable and noticeable, only very indolent people wouldn't feel the difference. On a bad day, one can view, smell and taste the smog, feel it in the eyes, the nose and the throat, and the skin is all sticky, not from sweat. Sleep in an air-purified room and then go out!
  7. Thank you for taking the effort to write such an elaborate answer. Unfortunately, as you can see from the immediate answer, the posters who should read and understand it don't care - they just don't want to pay tax, use the Thai infrastructure and complain that it's not as good as in their home country. Pay 7% VAT? That's laughable. In a typical Western European country, income tax plus social security is more than 50%, and VAT 10-20%
  8. The English version of the RD website has an English translation of the Revenue Code.
  9. The English fonts are small but ok. The microscopic Thai fonts - I have never been able to read them. I don't want to increase font size on my device, that would increase fonts in every app. Only Google maps Thai fonts are unreadable. Any solution?
  10. The black smoke from buses was very visible, and on a main street like Sukhumvit, especially on a motobike, you were breathing smoke - like in a bar. What we have now is very different. It's everywhere, on the river as on the high floors. And it's not only in Bangkok, it's the whole country, except (in the winter) the deep south. CM and the whole north are the worst. (And yes, i was watching, too, when they were building the Skytrain)
  11. I thought Bobae - the bigger part of it - had moved to somewhere near Laksi or Rangsit?
  12. Thanks a lot for bringing Snake oil to my attention. It "protects the hair from the air" - exactly what i needed. I feel already refurbished and revandalized.
  13. You are right. But if the government just does it, what am I going to do about it? Call the police? Actually, there are legal justifications: they might say a treaty is not automatically local law, it has to be "transposed" to become local law. EU regulations often work like this.
  14. I can imagine it. Foreigners living here are now a sizable part of the population. They generally have more money than most Thais (and they don't vote, easy prey.) The tax advisor whose youtube video was posted in the main thread reckons with no more than several thousand dollars tax per person. If one calculates the tax for 65000 B/month one arrives at similar figures. So this might result in a billion or two USD of additional taxes. Not that much, but better than nothing. BTW the timing of the Elite price rise has been mentioned by many posters. It may have been coincidence, though
  15. Sorry, it just isn't so. My country does have a DTA with Thailand (and many other countries). About 15 years ago, our RD decided to override the DTAs and tax income that, according to the DTAs, only the other state had the right to tax. They just did it.
  16. It's exactly the opposite: a foreign treaty is not automatically local law, and sometimes is ignored by local law. "Treaty override" is not so unusual when it comes to DTAs. But it is usually done by more powerful countries, like US or UK. Thailand has said they will follow the DTAs and I fully expect that.
  17. Funny, I just today explained the same to a friend. It wasn't my idea, someone else had mentioned it on AN. But does Somchai the RD inspector understand all this?
  18. After diligently studying maestro's pdf an's Section 48 of the revenue code, I think the answer to your first question is clearly "only if we bring it into Thailand" What worries me a bit is that maestro sees it differently - so how do we know how Somchai the RD inspector sees it?
  19. That's how the rich in the US live tax free. The IRS accepts these shenanigans. I don't know whether the RD accepts this, too. A Thai tax adviser should know.
  20. Yes. It came later, but it was worse February. Extend to weeks before (it can start at Christmas) and after (it can last until after Songkhran) The smog is a fairly recent development. It didn't exist in this form 10 years ago. After the rice scheme of the terribly corrupt regime of Yingluck the squeaky clean new government abolished it and instead of rice they subsidized sugar cane. Within a few years, from a very low base, Thailand has become a major sugar producer. Sugar is put into beer, into bread, whatever. Sugar cane is harvested by burning the fields. That's why a place like Khon Kaen, a city not that big, surrounded by sugar cane plantations, has bad pollution every dry season. If a whole country burns, don't expect the capital to have clean air. Of course there are other factors: burning of the forests by big agrobusinesses all over South East Asia to grow corn as chicken feed for China is the second important factor. Traffic, industry, construction sites are all blamed by the people who want to divert attention from the real culprits.
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