chiang mai

Likewise, the US SSc exemption is 50% of my income and makes a huge difference to tax

I knew about the corporate tax law of course but didn't realise that worldwide income was a part of it, if correct, that will be a shocker, of cataclysmic proportions..

McDonalds didn't sell its 50 millionth hamburger until 1962.

Well I will be 75 in two months time and they do know that, they are saying quite clearly this will not be an issue in my future......we shall see.

If you stay in Thailand for less than 179 days in any calendar year, you are not considered Thai tax resident. Tax residency has nothing to do with visa type. It doesn't matter whether you are young or old, male or female, married, single or bigamous, trans, gay or into small animals....the rules are the same for everyone. Bye!

Dude, are you taking the pith?

Yes, I was wrong on that.....I'm sure I had something in mind when I wrote that but what it was exactly will remain one of life's great mysteries. 🙂

I cannot say it more clearly, it depends on the total number of days that you spend physically in Thailand, according to the stamps in your passport. The visa that you hold is not relevant to tax.

Brain fart....I had half a bottle of beer last night, dreadful hangover this AM. Well spotted, apologies to all.

If you stay in Thailand for less than 179 days in any calendar year, you are not considered Thai tax resident, unless you are Thai. Tax residency has nothing to do with visa type.

If you stay in Thailand for less than 179 days in any calendar year, you are not considered Thai tax resident, unless you are Thai. Tax residency has nothing to do with visa type.

Even if required to do so because you owe tax? Are you advocating that members break the law?

If you stay in Thailand for less than 179 days in any calendar year, you are not considered Thai tax resident, unless you are Thai.

In the first link below is a useful reference that demonstrates the volatility of forex pairs and uses USD/GBP as an example. Volatility in FOREX is the measurement of risk and the degree to which the prices of the pair vary over time and can be measured over any period. As you can see from the example, USD/GBP volatility averages almost 7% per year, volatility over a seven day period averages around 6%. That means that the quoted price may be up to 6% over or under the average price, at any point in time. There's a second link below that explains trend, which will be useful for some to understand. One quote that's worth repeating is, " The conventional wisdom among traders is that "the trend is your friend." While this is good advice, we add a cautionary phrase: "The trend is your friend… until it ends." https://vlab.stern.nyu.edu/volatility/VOL.GBP%3AFOREX-R.GARCH https://www.investopedia.com/articles/fx/11/stages-of-a-forex-trend.asp#:~:text=A trend is a tendency,profitable entry and exit points.

I still don't see the 2024 tax forms anywhere, I imagine they might be posted after the new years holidays...perhaps?

"If savings prior to January 1, 2024 is not a deduction, then the other current deductions and Social Security will zero out anything that I may owe". I think I understand what you mean but what you've written makes no sense, so, for the avoidance of doubt: Savings earned prior to 31/12/2023 is exempt and not taxable. US Social Security and UK State pension, along with most government or civil service pensions are exempt when remitted to Thailand, You are entitled to Tax Exemptions Deductions and Allowances, known as TEDA. A person under age 65 years of age might expect TEDA of around 60k per year. A person over age 65 years is entitled to TEDA of over 350k. IN ADDITION, the first 150k of income is zero rated for tax. All of that means you can earn 500k, before being taxed (if over age 65) The following is worth reading.

"Never exceed 210K in remittance and you'll never cross the threshold to file a return". Don't shoot the messenger but the rules say the threshold is 60k of assessable income.

Unfortunately, the answer is not simple and involves a number of factors. There's no simple yes or no in this so rather than give you only a partial answer that would only lead to further questions, I suggest reading the tax guide..

No a little, a whole bunch! Suggest you read the introduction to Thai tax.

Whoosh

Numbers 2 or 3 are both reasonable

True, but this never extend to mean tourists will be taxed, just because they visit Thailand for a few months.

Nonsense! The poster is not Thai and would never be deemed Thai tax resident, if he stayed here for less than 179 days per calendar year.

Stay in Thailand for less than 179 days per calendar year.