
NoDisplayName
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Everything posted by NoDisplayName
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Do I have this right? For Thailand tax residents: Old rule: Foreign income (not exempt by DTA) earned in prior years is not assessable. Foreign income (not exempt by DTA) remitted in same year is assessable. New rule: Foreign income (not exempt by DTA) earned prior to 2024 is not assessable. Foreign income (not exempt by DTA) earned after 2023 remitted in any year is assessable. Proposed rule: Foreign income (not exempt by DTA) earned prior to 2024 remains not assessable. Foreign income (not exempt by DTA) earned after 2024 remitted in the same or following year is not assessable. Foreign income (not exempt by DTA) earned after 2024 remitted in subsequent years is assessable. Why the change? End of 2025 tax season, probably a significant drop in collections.
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Assume you filed online close to the end of the reporting period. TRD was busy with millions of late filers. Filing in person, staff should have requested all the necessaries when submitting. If you declared interest income and requested a refund, then you need to provide the bank withholding statement. Use this TRD site to upload your documents. You should get approval within a few days, and a letter in a couple weeks you take to Krung Thai to cash. https://efiling.rd.go.th/rd-efiling-web/authen/MTA2
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At stated in the article: A source from the Finance Ministry who requested anonymity said the taxation of foreign income follows the residency-based principle, whereby Thailand taxes the income of individuals who reside in the country. This rule applies to persons who stay in Thailand for 180 days or more and have foreign income.
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Panicked Trump Lashes Walmart for Telling Truth on Tariffs
NoDisplayName replied to BLMFem's topic in Political Soapbox
Trump just told the fourth-largest employer in the world (China's PLA is #3), and the largest private employer in the US, second only to the US government to suck it. Will he sign an executive order to require retailers price their goods using Trump math? 3% profit margin - 30% tariff = Winning! Or will Walmarts across the land start putting up truth in tariffing labels on their products? Everyday Low Price: $13 Trump Tariff Price: $20 -
Nothingburger. These are oldfangled, obsolete engines, which China already produces under license from the German manufacturer. In fact, the Chinese manufacturer has already made improvements to the original design. They can't get them from Germany, as the German manufactured ended production 'bout 5 years ago. The only differences for Thailand if they accept the Chinese engines is that they get a slightly better version under a new label. Pakistan already has a fleet of these subs powered by the Chinese engines. If Thailand is concerned, just ask India.
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Citation needed. Otherwise, no they din't. At best, some researchers got an interesting tidbit of inconclusive data, reported "needs more study" in a journal, and then some pop science reporter made up an "Bigfoot is an alien who crash landed at an Egyptian pyramid quantum refueling station as Noah's flood was receding and unfortunately landed atop the only remaining pair of dinosaurs" hype story.
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AI's are nothing more than algorithms that process available data. They only use the data fed into them, and cannot discern truth from fiction. They cannot strain the corn kernals from the biomass. They are like simple children playing Simon Sez, following the arbitrary rules. But that's in the virtual world, where "garbage in equals garbage out." For a real-world example, see Trump's tariff policy, or any of his foreign policies.
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Transport SRT Sets Stage for KiHa Train Testing by End of June
NoDisplayName replied to webfact's topic in Thailand News
Please, sir.............this is year 2568..........the 26th century! We just haven't yet determined whether it's BC or AD. -
Economy Thailand to Introduce "Salt Tax" to Spice Up Health Food Market
NoDisplayName replied to webfact's topic in Thailand News
Out of all the hubs and word-salad proposals, THIS is the one you're able to successfully implement? -
Unless you're renting the high end market, in China it's normal to simply leave at the end of the lease, leaving behind whatever you don't want to take with, and letting the landlord clean the mess. This is balanced out by the landlord not cleaning the property, leaving it to the next tenants to make it habitable.
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US Charles Schwab Residency?
NoDisplayName replied to BKKKevin's topic in Jobs, Economy, Banking, Business, Investments
Or perhaps not. Keep in mind: spouses who aren’t U.S. citizens don’t qualify for the marital deduction. You can obtain a qualified domestic trust (QDOT) instead, which applies the marital deduction to assets placed in the trust. A non-citizen spouse can then access this. https://smartasset.com/estate-planning/estate-tax-marital-deduction -
US Charles Schwab Residency?
NoDisplayName replied to BKKKevin's topic in Jobs, Economy, Banking, Business, Investments
And the NRA spouse has a ~$13 million exemption for US situs assets transferred FROM a US citizen spouse, taxed ~40% above that amount. This is what I want to confirm. NRA kids get the shaft apparently. -
US Charles Schwab Residency?
NoDisplayName replied to BKKKevin's topic in Jobs, Economy, Banking, Business, Investments
That was questioning which accounts are considered US "situs." But I've come across some information that I'll need to find IRS.gov links for. US situs assets passing from an NRA to their US citizen spouse beneficary are exempt from US estate tax. US citizen dies, NRA spouse beneficiary gets $13 million exemption, 40% above. Marital deduction. The marital deduction is available for transfers by a nonresident alien to a U.S. citizen spouse or in a qualified domestic trust (QDOT) for a noncitizen spouse to the same extent allowed to a U.S. citizen or resident transferor. (Code Sec. 21 06(a)(3)) Worldwide assets need not be disclosed to obtain a marital deduction. https://web.archive.org/web/20221215091006/http://www.jpmfinancialservices.com/images/PDFs/EstateTaxation.pdf Could be that only non-resident non-citizen decedents transferring to non-resident non-citizens are hit with the 40% tax with $60K exemption? -
US Charles Schwab Residency?
NoDisplayName replied to BKKKevin's topic in Jobs, Economy, Banking, Business, Investments
Where does that put an international account?