
NoDisplayName
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4M baht taxable?
NoDisplayName replied to Barney13's topic in Jobs, Economy, Banking, Business, Investments
If you have prior savings, and documentation to prove that if necessary, you can remit the funds to your Thai account without paying tax, as those funds are non-assessable. That's clearly stated in the tax laws. From there you can gift up to 20 million baht to your wife with no tax consequences for either of you. Since those funds are already established as non-taxable, there is no question of tax avoidance/evasion. -
Visa Reforms Boost Thai Tourism, Chinese Visitors Surge 26%
NoDisplayName replied to webfact's topic in Thailand News
Good on Thailand for inviting more Chinese tourists. Chinese are really good at that math thingie! -
At the point when the 5W bulb became energized, the lady in a tax office uniform had two options: 1. Realize she made a misteak, admit it honestly, correct it. 2. Realize she made a misteak, cover it up, lie. Taxes are confusing and stressful enough in our own countries, but now we've got a poorly-designed system with not well thought out legislation, incorrectly translated, haphazardly enforced by uneducated little wanna-be tyrants unable to admit their failings.
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Sure, he may have plenty of doctoring credentials and heaps and heaps of published papers, but does he have experience 'rolfing'? Does he know how to correlate my aura to the correct crystal and essential oils? Is he able to produce the necessary amulets and spells to ward off the gremlins that bring the covids?
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Maybe, maybe likely not. Did the TRD lady just put in a big, fat, hairy zero as that was her arbitrary final determination, or was that where the flow of calculations on the worksheet ended up? If the former, then anyone listing non-assessable income will need to file in person, as the online system appears to be unable to simply "poof" it out of existence.
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My remittances were all prior savings, so not declared. My only income listed was interest and dividends. ~13K baht total, so taxes withheld ~2K, Well under TEDA, so full refund. US SocSec in non-assessable, not taxable, so NOT included in your declared assessable income. It's invisible to Thailand, as though doesn't exist.
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Will there be new forms issued? Tax filing season is already upon us. I've already filed, and unless I missed it (quite possible), the online Thai version does not have any blanks for non-assessable income or remittances, and no method to claim DTA benefits. @Mutt Daeng above reports running through the online system using Chrome to translate, and doesn't report anything of the sort. I can't imagine a national tax authority issuing new versions of forms after the filing period has opened and millions of diligent taxpayers have already filed!
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Man Suffers Blackout Before Crashing into a Fence in Pattaya
NoDisplayName replied to Georgealbert's topic in Pattaya News
How many beers did he drink sitting in the parking lot "for some time"? -
Three British Teens Among 11 Hurt as Tree Falls on Thai Bus
NoDisplayName replied to webfact's topic in Central Thailand News
Please! How can a logger be illegal? He's an "undocumented forester." -
I don't want to be the first to find out! I wouldn't expect any problem WISE'ing the wife a thousand bucks every now and then, but if a million-baht transfer shows up in an account linked to a return claiming (joint filing) no salary or income, TRD might take notice. I'd really rather avoid any necessity of arguing with a local tax officer when he/she likely has the law on his/her side that a remittance sent from my account into Thailand into a differently named account is MY remittance, regardless of eventual intended purpose, and I will have to document source of funds. TRD officer can argue, and likely be backed up by actual law, that a remittance of assessable income into my account is taxable, regardless of purpose, and therefore MY remitting to another person is no different, still taxable because I remitted the funds. That might lead to a charge of tax avoidance.