chiang mai

People here on visa's are not residents but can be tax residents, and of course, they are not citizens. I'm going with the idea they mean Thai citizen. But not good or clear from PWC on this, which is surprising..

Its very odd that with 2 million in the bank they would remove those funds and begin 179 day stays now, it is non-sensical.

The quote refers to Thai resident rather than tax resident, presumably they mean Thai citizen. That would fit well for a Thai citizen, meaning they cannot escape Thai tax by not becoming non tax resident for a year.

Airport or Central Festival.

Yes but VND is heavily managed to within a small band set daily, it's not a like for like comparison. Plus the gov has spent over 20% of its reserves, keeping the Dong stable, that's expensive. https://www.vietnam-briefing.com/news/federal-reserve-interest-rate-vietnam.html/

In convoluted theory, according to the article, a stronger baht means lower interest rates which means lower borrowing costs. That means tour operators can borrow more money cheaper, to do things to attract more tourists! Ah believes this is something called spin!

It's somewhat troubling, but not unexpected, to see the increased interest of tax consulting and legal firms, commenting on the new tax laws and adding their own slant on things, not just in forums like Facebook and here but also in all the media. I suspect this surge is about getting greater exposure and getting their names "out there" in advance of an increased demand for tax filing advice. The truly worrying part is that not even Big 4 firms know much more than the collective AN Forum membership does at this stage. There is no secret stash of privileged information that only these firms know, we're all waiting for the same things, mostly for the Revenue to speak. So before some of you are tempted to rush out and seek professional guidance, it might be a better idea to wait and see what new information emerges before year end. There will still be plenty of time to do whatever is necessary, in the new year and you may well end up saving money.

Bake and Bite, previously in Watkate since 2006, recently moved to same road as Coq d'or

USD strengthened in the same week the BOT cut its interest rate, https://www.marketwatch.com/investing/index/dxy One possible conclusion is that lower Thai interest rates bodes well for future improvements to the Thai economy which will be stimulated as a result, hence THB strengthened and offset any loss caused by a weakening USD.

Not really. I'm simply saying that the numbers from both countries, become available around the same time. The numbers I file on the Thai return are based on my remittances to Thailand, my UK return is based on other things.

Many thanks, I think that probably constitutes what I referred to previously as "the short form" that is neither the PND 90 or 91. I bow to others recall regarding the TIN, I can't remember what the process was.

Yes, I am aware of those dates. The Thai Revenue permits an extension past 31 March, for people who file their return electronically, I think it is until 8 April. The point of all of this is that by end March, early April, UK expats will be in a position to file ther Thai and UK returns with current and complete data. The poster asked if the overlapping years presented a problem and I don't think it does. I file both returns and I know by early March, what my numbers for both returns will look like.

Not really. The UK ends 5 April whereas Thailand filing period ends 31 March, a five day difference.

Any clues as to where they get the TIN from, assuming the foreigner hasn't already got one? I can't recall in my early days ever being told to go and get a TIN and then come back but that was many years ago. It doesn't sound as though many of those people applying for refunds had got a TIN first but I could be wrong.

"As I understand it. TRD has some sort of short form that allows that refund to be applied for and paid". There have been a number of reports from members where they have said that they have never filed a tax return yet they have reclaimed WHT on interest paid. The conclusion there is that some sort of return has been filed on their behalf but they have not understood this. I recall in my early years here the TRD staff would fill out a short form and attached my bank letter to it, at the time I never understood that was a tax return and never queried it. For me at least it is unclear what process TRD staff go through when a foreigner says they are there to reclaim tax paid and whether they have a short internal process to accomplish that since TRD staff do all the form filling and the foreigner just signs to approve.

Misleading

That's not what I said but you know that, those are your words, not mine. Go bait somebody else if that's all you've got.

Driving whilst drunk is widely ignored, driving on the wrong side of the road is also. Large parts of society ignore those laws does that make the people who passed the laws cretins! I personally favour the negative taxation approach which only works if everyone files a return. If they do, the poorest in society get the support they need. But because people think that filing a return when no tax is due is cretinous, a useful supportive system can't be adopted. TBH the debates would be more palatable if everyone were to focus on the rules rather than lining up to promote their personal for or against position, that way people can make they own decisions, without the advertising in-between.

That video has been poo pooh'ed wide and far, some of the information in it is simply unreliable, as is the so called tax expert.

I disagree with that. Many people want to know what the rules are and don't give a thought to understanding what the penalties are if they don't adhere to them. Many parts of society function because of rules, not because of deterrents or enforcement if the rules aren't followed. It sounds like you may only follow rules where there is a derent to do so, kind wild west like!

Yes, but before you can consider the enforcement risks, you have to understand all the underlying factors, including the facts of the matter....the latter is where we are presently on tax,consideeration of the enforcement aspects is downstream.

OK, so that's even easier, if it was Bitcoin or similar it would be difficult. As long as you can get an online copy, that's all that matters at this stage.

I understand what a DTA is, you appear not to! The purpose of a DTA is to determine primary taxation rights to funds and also identify any opportunity for secondary taxation rights. A downstream bi-product of those things is to try to ensure that taxpayers don't pay tax twice, in two different countries. But that does not mean that taxpayers may not have their taxes rebalanced and ending up paying more in one country than the other, because of DTA rules.,

Ummm, in strict English language terms, perhaps but in tax terms, I don't believe so. If a remittance is exempt under treaty it does not need to be assessed. In English language terms it has but again, I don't believe so in tax terms. Almost an academic debate perhaps, rather than a practical tax one.