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This video seems awfully familiar, especially the second half. Yes, this clip was posted a couple hours ago, but I'm almost shirley that CRS guy posted an excerpt from it several days ago. This is just a longer clip from the same interview.

Good news! Individuals that have received expensive watches, no matter how many, as gifts, do not have to pay tax. Individuals who later sell those expensive watches, no matter how much they receive, do not have to pay tax. That's convenient.

and at 17:15 after white shirt details the four types of income (out of eight) that black jacket touched upon, foreigner guy says "So if all of these are remitted and transferred into Thailand, then after the (yes, yes) first of January [unclear] income, then they potentially have to file, like if it's assessable income, they potentially, depending on the double tax agreement, and (yes, yes) things like this."

Be careful with that there video. I noticed at first that Expat Tax turned off the comments. Why would they do that? Usually when they don't want to be annoyed with facts that would drive away potential customers. Later I noticed that the translations and/or subtitles are not all correct. The subtitles appear to be AI generated and do not match what is said due to poor pronunciation. Example at 15:39 Subtitle: "..excision for the high tax residence..." Speech: "...(unclear) for the Thai tax residents..." I can't say about the translations, but.............

But it says right here, only use assessable funds in the PIT calculations! Yebbut, Kenya joined CRS!

Is it? I was shirley 60K filing single, 120 filing joint. Isn't that 220K a joint filing with the 100K pension allowance included? But I'm not an expert, although I have filed....late, early, and often.

Not taxable = non-assessable.

Some semiconductors and a few random bits are produced in Taiwan Province and Souf' Korea, shipped to China where the world's factory produces most of the device components, assembles them, packages them. Then shipped to America for consumption. Only thing Americaland provides any more is the label, and extraterritorial taxation.

So Apple and others should be filing taxes in China where most of the value is created? Is this another of Trump's fun and easy to win trade wars?

China already has Harbin. No need Gleenrand.

Do you remember this from page 20? On 1/18/2025 at 9:43 AM, The Cyclist said: If they do remit foreign income into Singapore, some of it is taxable and some of it is not. I think you would have to declare it, to be on the safe side of what is taxable and what is not taxable. So just how does squeaky-clean Singapore comply with (geeze, not this again!) CRS? Generally, you do not need to pay tax or report overseas income received in Singapore, including income deposited into a Singapore bank account. However, you would need to pay tax on overseas income for the scenarios below. Overseas income that you pay tax on 1. You receive it through partnerships based in Singapore. 2. Your overseas employment is related to your Singapore employment (e.g. you need to travel abroad as part of your job). https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/what-is-taxable-what-is-not/income-received-from-overseas How dues CRS (and FATCAT) affect individuals? "your financial institution will ask you for information on your jurisdiction of residence for tax purposes,". https://www.iras.gov.sg/taxes/international-tax/common-reporting-standard-(crs)/basic-information-for-account-holders-of-financial-institutions I understand reading past the headlines is difficult, so try this official pictograph. https://www.iras.gov.sg/media/docs/default-source/uploadedfiles/pdf/iras-crs-brochure-(1pg).pdf?

Is this the one with the clickbait website masquerading as the Thai Embassy?

Sweetheart, 'twas YOU that posted the legal beagle video where the experts agreed US sociable security is non-assessable, and if that is the only remittance, then no TIN needed, no need to file.

If time not a factor, three bus companies run hourly from Chattuchak to Korat. Cost around 250 baht. I can't confirm, but I think the new red line stops at Don Muang and Chattuchak station.

Obviously run by our reptilian underlords from their secret base on the darkest side of the moon, accessible only by Trump/Musk's stargate installation, beyond the great ice wall buried underneath the golden Illuminati pyramid disguised as Santa's workshop by Harry Potter's cloak of festivus, and guarded by a battalion of Oompah-Loompahs in rainbow leotards.

Depends which conspiracy theory they're discussing. Covids was a thing. My wife and I were stuck in China for a few years, unable to return to Thailand. No hysteria in our part of China. We had a temporary "lockdown" that lasted all of two weeks. Just meant one person per household could go out daily to buy necessities. Of course it only affected those living in apartment complexes with gate guard security to enforce it. There were mask requirements in public spaces, but no government requirement to get vaxxed. That may have been required by employer, or for travel, but not mandated for everyone. We got the Sinopharm old-fangled vaccine. No mRna. No random strangers collapsing in the streets. But we maintained a stash of commodities, just in case....

"Trust the Algorithm."

Just noticed..........this video is 5 months old. Well, okay then!

US social security is excluded by DTA. It is not taxable, not assessable, not to be included in PIT calculations. If that is your only income remitted, you do not need a TIN, you do not need to file. Tax ID, or completed return, or tax clearance certificate required at immigration for extension purposes is all speculation at this point. Possibly for extension some day, under some specific situations, but certainly not for visa application.

The video he referenced clarified that. He just chose to ignore it.

Ummmm...................yes, it was directly answered. At 10:30 in the video, we were told we assess our remittances ourselves. Around 17:30 your experts said expats potentially had to file, but that depended on their DTA's. Then the money shot came at 28:00, where the actors clearly informed us that if remitted income was non-assessable, we don't need a TIN and we don't need to file, and that we file ONLY if assessable remitted income is over the 60/120 threshold.

Not a bad plan. I filed three years late returns, and this year's. No assessable remittances to declare, so zero foreign income to claim, AND I got bank/dividend withholding refunded. Now I have a four-year history of accepted and approved tax forms omitting non-assessable foreign remittances. It's no real bother. It's just another facet of expat life in Thailand. Once a year, spend half a day at immigration getting an extension. Three or four times a year, take five minutes to file an online 90-day report. And now the first weekend in January, spend ten minutes to file my annual FBAR, then 20-30 minutes filing my Thai PN90. When I start to collect that juicy social security, I'll have it deposited in a dedicated bank account, and Wise it to Thailand monthly. That, in addition to my TEDA amount of remittances (all will be non-assessable, but worst case scenario, they are somehow considered taxable), I'll have more than I can ever spend here, and never have to pay Thai tax. All is well, until Thailand moves to global taxation. Then it's time for Plan B.

Again with the "tax expert" who claims that US social security is assessable? You should go back to CRS fearmongering. Oh, wait, you just did! Wasn't that back when you claimed even Kenya had signed up to CRS, and mentioned Singapore as an example of how CRS will affect us? (Don't make me look through all these posts, please!) I recall I posted the Singapore tax authority's CRS explanation, along with a lovely downloadable brochure, detailing that CRS responsibilities for individuals consist solely of identifying themselves to a financial institution as subject to other tax jurisdictions when opening new accounts. They even stated directly that non-assessable, non-taxable remittances are not to be declared on tax filings. But permit me to repeat: You.....haven't.....filed. Why don't you actually put your claims into practice, video the process, take notes, teach us all how to: -include all foreign remittances on a tax form -declare non-taxable, exempt, income that is not assessable -deduct income deemed non-assessable from the PIT calculation -claim a tax credit paid to a foreign revenue service on the form Make a lil' booklet for us to download. Show us silly rabbits just how it's done! Don't just spend your days Dunning-Krügering us all to death.

But he wasn't opposing equal marriage. The same number of men marry the same number of women. What could be more equal?

Of course, if exempt, if not taxable, then the income is not assessable. I'll stick with that until we get clear guidance from TRD that we must declare all NON-assessable remittances, and have already filed thus. When reports start coming in of audits, or requests for more documentation, or informed TRD officials demanding foreign tax-residents' returns include social security or excluded pensions, we'll have some data points. Gosh, I'd like to see just one person that was told they must include non-assessable remittances, and then actually filed. I'd also like to see instructions on how to claim DTA benefits on the tax return AND how to claim a tax credit without manual intervention (in other words, just deleting the entries!) by the TRD officer. All we know so far is that under the law, we may claim a tax credit, but are never told how. The tax consultants tell us we may claim a tax credit, if we let them file on our behalf. This, to me, indicates no procedures have been established for this.