NoDisplayName

You don't understand. Kamala coulda had class. She coulda been a contender. She coulda been somebody, instead of a worthless, word salad-spewing, token DEI hire, which is what she am, let's face it.

Minimum required balance has gone away. $0 to open, no minimum.

All US customers with a SSN/EIN will be eligible to opt in (SSN/EIN verification will be required during opt in, unless already verified). We need this to verify your tax information so that we can report your taxes correctly. Please note this feature is not available to residents of New York and Alaska at this time. https://wise.com/us/interest/ Nothing has been remitted to Thailand.

At Wise, dollars pay 3.92, pounds 3.32, and euros.........1.61%

I recall reading on the Wise website somewhere that their jar balances earn a whopping 0.5% interest. This would be bigly betterer! Earn up to 3.92% APY with our interest feature, FDIC insured. Think immigration will accept this account to hold 800K?

I know, right? And you'd think they'd be all over supporting Musk, representing their claim of illegal wakandan immigrants being rocket scientists and brain surgeons in disguise!

Not only that, he's an African-American immigrant! What ever happened to "diversity is our strength"?

so you do have access to the new rental contract on line. download from line and print. or show your line app to the io.

You don't necessarily need a rental contract. You have the owner's ID and tabian baan. A letter from ex-gf stating you are residing there is sufficient. You don't need to show payment.

And for another thing, FATCA works similarly, in that us subjects of Uncle Sam must self-identify when opening accounts in foreign countries. I opened an account at Krung Thai last month and was handed an IRS form to fill out. Same as with CRS, the financial institution needs to know where we are tax resident, which would simply tell them what code to put in the "other tax residence" field in the annual report of account information. TRD/BOT would then have that residence code for their FATCA/CRS reports, or may be used to respond to requests from foreign tax agencies. Interestingly, I was required to fill out FATCA forms when opening bank accounts in mainland China in the ~2010. Opened three accounts ~2018 at three different banks, and was not given IRS papers to sign. China signed onto CRS in 2015, and implemented a couple years later. They do not, however, submit to FATCA overreach. As to reporting in the USA, i have to declare worldwide income, remitted or not. I then have opportunities to claim exemptions and TDA benefits. There is no provision to declare remittances. Unknown how Thailand will implement worldwide taxation, if ever. China does, but tax does not go into effect for foreigners until they have spent 5 years in country tax resident. Good news is, the clock resets anytime they spend 30+ days outside. Would that Thailand would legislate that!

Up to you. If not assessable then not required to report. If not assessable, no provision to report. If not assessable and reported, no provision to exempt. If not assessable and reported and not exempted, then taxed. If you report non-assessable remittances they are deemed taxable. If over your TEDA you will owe tax. Look, YOU went to one office (Pak Chong?) where some random uninformed official told you incorrect information, refused to admit her error, and proceeded to deduct the reported income in a manner not allowed for under the tax return instructions. You can't do that online, and no other office or officer is likely to permit that. The lady just wanted to get rid of you before you called out her misteak. Any other tax office will tell you not to report that which need not be reported.

No, they report foreign income because the country in which they are tax resident wants their cut. If the remittance is non-assessable/exempt/non-taxable, Thailand doesn't want to know about it. We, meaning you, have nothing that says otherwise except a misquoted interpretation poorly translated appearing in an infotainment tabloid.

The only requirement for individual taxpayers under CRS is to identify themselves to financial institutions as having a tax residency in another country. Financial institutions gather taxpayer info from the taxpayer when the taxpayer opens an account detailing external connections. The financial institution may send reports to the TRD/BOT containing some taxpayer account information. There is no CRS requirement for individual taxpayers to declare all remittances anywhere. That would be country-specific local policy. I don't have a link to a TRD statement yet, but we've got this appearing in multiple locations across the intertubes, including some accounting agency websites and in this here forum: And now the Revenue Department's recent interpretation of Order No. Di. Por.161/2023 presents a major shift. Foreign-sourced income earned before January 1, 2024, won't need to be declared in Thai tax returns, irrespective of when it’s brought into the country. This is very welcome news for expats. Unclear, but logical, that would apply to all non-assessable funds under DTA's.

Neither I in my first paragraph, nor the tax department big guy (mis)quoted in the OP at any time ever, mentioned retiree (or foreign!) taxpayers. I didn't mention foreign taxpayers (Russians and Chinese) until the final paragraph. Both I in most of my comment, and the big guy throughout the entirety of his comments, was (were?) referring to all tax residents. I would bet big guy didn't gave a single passing thought to foreigners during the entire interview.

15% of the tax season has passed us by, and thousands, soon to be millions will have filed their tax returns, with no new English forms provided. The new 2567 Thai forms are available online. And you think sometime in the middle of tax season, or heck maybe even on the last day 'cause it only takes a day to file, possibly millions of taxpayers will become obligated to re-file their tax returns? Or do you expect major changes requiring declaration of all foreign remittances, including those non-assessable and exempt and non-taxable, will ONLY be required on English language forms? Berry pickers returned from Finland get a free pass? In that case, I'll just file Thai tax forms, as legally permitted, and not declare that which must not be declared. Even better, when Thailand moves to global taxation (on English forms only), me and the Russian and Chinese non-English speaking tax residents won't have to comply. Genius!

The big guy never mentioned foreigners, that was added by the journalist. He did (allegedly) say "New tax rules require filing electronically, with possible refunds for early submissions." We know both of those to be incorrect. Paper submissions are still possible, and refunds are not related to timing of submission. I got three refunds for three years, all filed late. According to the linked article "The Director-General of the Revenue Department on Thursday revealed that tax returns for 2024 can now be filed online. Mr. Pinsai Suraswadi, in particular, specified the annual return forms PND 90 and PND 91, which are due to be returned by March 31, 2025." No 2024 English forms are available, so the big guy was definitively speaking to his domestic clientele, advising them to file.....IF they are required to.

English tax forms available online: https://www.rd.go.th/english/65308.html Last updated: 17.12.2024 This is convenient. Saves the expense of white-out. Top line of the 2023 forms leaves the year blank. Tax Year ........

15% of tax-filing season has already passed us by. Those new forms aren't coming. This is like waiting for daddy to return from going out for cigarettes............6 years ago. Any day now, just wait. No major redesign is coming this year. At most, they'll give us an English version of the 2567 forms already available. What they won't do is make major revisions to the English forms, but not the Thai forms.

Legislation would be needed to require (foreign) tax-residents declare non-assessable exempt remittances, with a total redesign of tax forms. The only change we've had for this year is the interpretation of how current year/prior year income is handled. We don't need new forms for that. The system is still self-determination by the tax-filer. This is a major overhaul, not just a quick underpants snatch-n-grab. I do comply with the law and forms as currently extant. I declare all remitted foreign assessable income. When they decide to tax global income, then I will no longer be willing to comply. At that point I'll leave, or at least become legally NON resident.

We're two weeks into tax filing season. Thousands have already filed. So..............uhmmm.........what updated forms? Regardless, requiring declaration of all remittances will be more than just a shift in interpretation. Legislation will be needed.

Yes, indeed. Please explain for the studio audience exactly how to claim ALL your remittances on the 2024 PND.90/91 AND how to claim exemption under the relevant DTA(s), and which specific line item is used to enter your credit for tax paid to Zamibia. You cannot, as it is currently unpossible. Step 1: Steal underpants. Step 2: ??? Step 3: DTA benefits granted.

Thai taxation is domestic policy. It has worked for years, still works. Until Thailand passes legislation requiring ALL remittances be reported, AND provides tax return forms with allowance to claim DTA benefits, then only taxable amounts above TEDA requiring a filing is necessary or advisable. Last I checked, I'm in Thailand. UK policy is irrelevant. US tax code as I related above is relevant only in that it establishes that there ARE ways to provide tax forms that allow tax residents to claim DTA benefits. As of 2024 calendar year tax filling season, Thailand tax forms do not contain a provision to claim DTA benefits. It's still up to the tax resident filing to self-determine assessability and claim ONLY taxable amounts.

I trust the TRD to resolve the foreigner tax situation as much as I trust the police force to enforce traffic regulations. So I read the regulations, check my TDA, and I file Thai tax returns following the rules. Pretty simple, at least in my case. I do not declare non-assessable income, and if necessary have the documentation to support that claim.

But that's not the way the system currently works. Under the honor system where we self-determine assessability of remitted funds, it's up to us to inform the Thai government that funds are taxable, NOT tax-exempt, by filing a return and declaring remitted assessable funds. There is no way using the current forms to declare foreign income AND claim it to be exempt. The IRS bestows upon us Form 2555 Foreign Earned Income where residents can claim the foreign earned income exclusion. For foreigners, there is form W8-BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting to register withholding for banks and brokerages, and Form 1040-NR U.S. Nonresident Alien Income Tax Return which includes Schedule OI where you claim tax treaty benefits. IRS rules allow resident aliens and green card holders to file NON-resident alien income tax returns..........there are more details and forms, but point is there is a defined procedure for foreigners residing in the US to claim tax treaty benefits with the necessary forms and instructions readily available. That is currently unpossible in Thailand. Our only option here is NOT to declare foreign exempt/non-assessable income.

From LAFD 2024 budget https://ens.lacity.org/lafd/lafdreportarchv/lafdlafdreport1864182076_07302024.pdf Wildland Fuel Management Crew Program Funding to support salaries for 29 positions (UB) - $1.27M Equity and Inclusion Staffing continuation - $1.8M Priorities.