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NoDisplayName

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Everything posted by NoDisplayName

  1. Destination. Never remitted, never assessable. DTA's, royal decrees, tax regulations determine whether a remittance is assessable/taxable. TRD says assessable is taxable, and is used in PIT calculations. Non-assessable is not taxable, and is NOT used in PIT calculations. For the time being, we self-determine which remittances are assessable, taxable, and must be included in filing if over the 60K/120K assessable income threshhold. If US sociable security were assessable, every US tax-resident receiving social security would be over the limit and would be required by law to file a tax return, would have to claim exemption under DTA on the tax return, and claim credit for tax paid in the US on social security benefits on the tax return. How many US tax-residents have been told by TRD to declare their US social security? The "tax expert" said it's assessable! We got a YouTube video! That means it's truly truthy! "The first rule of assessable club is not to talk about remittances"
  2. All of those apply to retired pensioners, even foreigner ones! Would you mind pointing out which do NOT apply to retired pensioners?
  3. Did you file and declare your non-assessable income? Let me know when you do.
  4. Paper filings must be submitted by March 31. Online filings get an additional week. You can file late, and pay a 200 baht late filing fee.
  5. The "tax consultant" that claims that US social security is assessable income? It is to laugh. Ha.
  6. Take YOUR non-assessable income, declare it on a Thai tax return and submit it to your local TRD office.
  7. Please relate YOUR experience of filing a tax return declaring ALL remittances, YOUR experience deducting income deemed non-assessable by DTA or royal decree or Thai tax regulation on YOUR Thai tax return, and YOUR experience claiming a foreign tax credit on YOUR Thai t......... Oh, wait. This is all speculation. You haven't filed a Thai tax return. You haven't declared assessable AND non-assessable remittances on a Thai tax return. You haven't deducted non-assessable remittances on a Thai tax return. You haven't claimed a foreign tax credit on a Thai tax return. You HAVE posted misinformation, though, so I guess that counts as something.
  8. Hey, that's not the outfit that clickbaits unsuspecting rubes to their website by masquerading as an official government institution, is it?
  9. Oh, gawd, you're not bringing up CRS, are you?
  10. No tax on capital gains from sale of SET stocks. No deduction of capital losses when calculating PIT. 10% tax on dividends withheld at source. You can claim a refund of dividend withholding same as for 15% bank interest withholding. If you prefer mutual funds sold through banks, most are structured to not pay dividends. (No dividends to tax.) No tax on capital gains from sale of Thai mutual funds sold through a Thai bank or brokerage. You can buy Thai-registered funds that simply hold a single overseas fund. No dividends paid, and no capital gains tax rule applies, but you'll be paying multiple layers of management fees. If you are property of the US government, Uncle Scam will want his cut of your Thai-sourced interest and dividends and capital gains.
  11. If they say they want work, it's the same as the folks sitting at the expressway offramp with a sign stating "will work for food." Offer them work, and suddenly they have so many appointments. They want the paycheck without the manual labor middleman. "I'll glady not show up on Tuesday for a free meal today."
  12. Article content = 560 words Filler content = 440 words Pay per 1000 words contract = related
  13. No autopsy? Well, okay then! Chalk it up to "brake failure"!
  14. But not "all". "Some" unredacted material was released. Releasing unredacted "FOUO" documents is not the same as releasing unredacted "Secret" documents is not the same as releasing "Top Secret" documents is not the same as releasing "If-I-Tell-You-I-Gotta-Kill-You" security level documents. FBI, CIA, and 17 other intel agencies all have a say.
  15. The limit is 60K (single)/120K (married) baht of assessable remittances technically requires filing a tax return. In practice, many TRD offices don't want a filing unless tax is due. The other number quoted was the limit of assessable remittances after TEDA where tax would be due. Your limit depends on your TEDA. Pre-2024 earnings, and income exempted by TDA are excluded from PIT calculations and don't need to be reported. ......................at least not yet.
  16. I often cycle tour through China, Laos, Cambodia and Thailand. Throw the cellphone in the sockdrawer and travel free of interruptions.
  17. (3) Tourists will be required to download and activate the immigration department's "SMART TM-6" app into their phone which will track the crim....oops....will track the tourist's movements via "SMART-GPS" and will report to the immigration department's online "SMARTBASE" hourly. (4) Any attempt to disable the "SMART TM-6" or failure to report will result in the release of a fleet of BMW "SMART-CARS" to detain the offender and place them in "SMART-LOCKUP" for persecution.
  18. Gotta read the "news" carefully. Remember, it's written by infotainment staff, not actual old-style journalists. Headline says Trump is releasing records of three assassinations, leading the public to believe EVERYTHING will be released. Further into the short article, we learn that ALL the remaining records of MLK and RFK will be released, but as to JFK only that THOUSANDS of pages will be released. Thousands, out of possible tens of thousands. National security concerns still trump Trump. I doubt we're gonna see everything. Heck, I'm still waiting for Trump to release the Kracken! I've got my tree-fiddy ready.
  19. Our 2012 Hilux Champ, although still running fine now, is getting older, now with 400K on the clock. I'd like to find something similar, maybe even a bit smaller. Looked around the car lots, and everything is monster-sized with too many gadgets. Something similar to the Chevy S10 extended cab I had before migrating from the US. Like an older Ford Ranger, a Hilux Tiger, maybe an Isuzu SLX. I don't need power anything, don't want a GPS system, don't need a video screen in the dash, or more than 2 cupholders. If not for the wife, I could do without AC as well. Looked at the new, boxy Toyota Champ...........unfortunately the cab is too small. Seats are bolted directly to the floor with no slide and knees hit the steering wheel. Is there any hope?
  20. So shall I put you down under "effectively no change, we will continue to self-determine assessablility of remittances as before"? It certainly seems that way in the absence of clear instructions, but I'd still like to have the purchase in one tax year, and the sale of said asset in the following year. IRS regulations easily cover this situation, but that isn't a remittance system with earning and remittances separated by potentially decades. What to do when your 2024 earnings have been through multiple cycles of invest, sell, re-invest over three or four years or ten years? Problem is that the regulations, and the overly -simplified explanations and examples we get from TRD and news articles don't take this into account. They all seem to expect that everyone keeps all their money in a single passbook savings account.
  21. Riddle me this, Batman! You have capital gains from stock sales in the US of $25,000 in 2024. The original capital is reinvested, and the gain is put into a separate account to sit idle for two years. On December 30, 2026 you invest that idle $25,000 gain in a random mutual fund. On January 02, 2027 you sell that mutual fund for $24,950. You are continuously tax resident in Thailand over the entire period. None of that idle gain nestled in its isolated account was remitted during 2024-2026, no nothing assessable during that period. For your 2027 taxes, you have a sale resulting in receiving most of the original capital, and a short term capital loss of $50. No gain to be taxed, and the cash in your account is now considered capital, not capital gains. You have a 2027 1040 showing a sale resulting in a loss, with nothing taxable. Assuming you can point to this particular bag of money as that particular remittance, what is it? If it's the capital gains from 2024, then it's assessable, and must be declared as income in the year remitted. If it's the original capital from a fund sale, not resulting in a gain to pollute the calculations, then it's non-assessable and need not be reported in the year remitted. If audited, Is my 2027 1040 or 1099 satisfactory to show the funds are non-assessable? Is TRD going to demand to know when the fund sold in 2027 was purchased, with what funds, and where did those funds come from, and before that, and before that, with a clear path back to pre-2024? How many degrees to Kevin Bacon must I document? I suppose we'll have to bring in a truckload of invoices and receipts and tax statements.................unless TRD continue to have us self-determine assessablility of remittances. Otherwise they're gonna be frightfully busy.
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