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chiang mai

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Everything posted by chiang mai

  1. This is chicken and egg. Did the Minister decide the need or did the TRD decide the need, I'd argue that Ministers don't decide any needs, they only pick ideas to champion, supplied to them by TRD. And who decides what policy should be in any given area, certainly not Ministers who frequently have no training or experience in the areas that they administer.
  2. When I click on a notification, the screen locates the subject item but then stops a couple of posts after it. It is as though the space taken up by the sidebar to the left of the screen, hasn't been factored in to the screens positioning when searching for notifications.
  3. The author of that extract you quoted is a real estate agent and is confusing issues. Inbound remittances must be categorised for the Central Bank to understand the purpose of the funds transfer, all inbound remittances are seen by them for currency control purposes. Funds designated as living expenses are deemed to have been spent, hence later, they cannot be remitted back overseas. This has its roots in THB being a restricted currency and the ability of foreigner's to send money out of Thailand, a picture that has eased considerably in recent years but was once very strict. There is no tax aspect to remitted "living expenses" which are nothing more than inbound funds which may or may not be Thai tax assessable.
  4. Just for info: For those members who think TRD is thousands of grey metal desks and mountains of paper......A four year old press release by TRD, updating everyone about their activities, the link below: "Data integration between internal databases and external databases, from both public and private sectors, 42 organizations in total, such as Office of the National Anti-Corruption Commission, Office of the Narcotics Control Board, Anti-Money Laundering Office, Office of Public Sector Anti-Corruption Commission, etc". https://www.rd.go.th/fileadmin/user_upload/news/englishnews70_2563.pdf Secondly, a BOT write up about Bahtnet which is the Thai equivalent of BACS, CHAPS, or ACH. Many inbound foreign remittances arrive in your account via the Bahtnet system, my pension payments do which are transferred from Bangkok after they arrive from overseas. https://www.bot.or.th/en/our-roles/payment-systems/Payment-systems.html And finally, the working relationship and data sharing between BOT and TRD, oopsie daisy! The Bank of Thailand (BOT) and the Thai Revenue Department have a working relationship to develop and improve payment systems, including the National Digital Identity Infrastructure (NDID) platform: NDID The BOT and other government agencies and the private sector developed the NDID platform to support cross-agency data exchanges for identity verification and authentication. The NDID platform can be used for a variety of financial transactions, including filing personal income tax.
  5. I think changes to the Revenue Code and Thai Tax law is part of TRD's remit, they are a part of the permanent civil service infrastructure that has to deal with things on an ongoing basis, after ministers have come and gone.
  6. I understand that you're trolling Gant but others may not. It's not that difficult to imagine information/data passing from BOT to TRD or that TRD is an end user of BOT data and that TRD has investigative abilities of Mastercard/Visa data.
  7. Thailand doesn't use tax codes. It seems odd that you would visit two different regional offices because only the one that manages the area that you live in would be interested in you, the other would redirect you. Where was this? The response from Bangkok not knowing anything about this is not credible, sorry.
  8. I can get a free shot at the District government hospital, I imagine you can also.
  9. The last time I sent food back was lunch in a decent hotel and the Thai chef came out and was quite menacing. Now we do as the OP, pay and leave and don't return but have to say those events are very rare.
  10. You could read your county's DTA, which is listed in the link given to you earlier, that way you would know.
  11. No Gant, nobody said that at all. What was said is that all Visa & Mastercard transactions involving foreign cards, are reported by Visa/Mastercard Thailand, to BOT, because of their foreign exchange implications. But you knew that.
  12. It depends on the extent of income involved and also the country of origin and the associated DTA. Some people will pay less, some may pay more, unless they takes steps to mitigate the risk and organise their tax residency and remittances. For example, i appears that remitting funds to Thailand in a year when you are not tax resident here, avoids Thai tax on that remittance.
  13. These tax threads have been intensely debated for over a year on AN forum and virtually every video or article ever produced on the subject has been reviewed and commented upon. There is a tax guide (below) which you or others may find useful, either that or the many tax guides published by Big 4 in Thailand and even the TRD. In any event, taking your tax advice from a real estate company is perhaps not the best idea! Telling people to calm down is not too helpful, AN members have been in their current intense mode on this topic for a year and a number of very helpful things have emerged from it. It is not correct to say that nothing has changed, what has changed is that expats must decide this year, whether or not to remain tax resident and also, what funds to remit and which not to, all of this in the expectation that many will file tax returns, in 1Q25..
  14. As a principle, possibly, in practise, not without something more than just remittances. Revenue has to have some basis for believing the remittances are all income, apart from just their existence alone.
  15. Exactly that. I played the <180 day rule across many countries for almost eight years, my work was such that I was required to be in lots of different places and as a result, I never spent 180 days anywhere. I kept a spreadsheet which I still have, it shows where I was at midnight on every day of the year for eight years. Around year 5 I think, my accountant called me to say that HMRC wanted me to demonstrate my whereabouts for a particular tax year so I sent him the spreadsheet. He was impressed, I guess HMRC was also because I never heard anything more about the matter.
  16. This is par for the course and should come as no surprise to anyone here..
  17. Estimated tax liabilities are a very different thing from deducting tax from all remittances.
  18. Remittances don't show up on their immediate radar either. The only time such things do come into play is when a return is queried or suspicions are raised. It's not as if TRD is sitting watching transactions flow back and forth, that's not what they do or how they operate, in the main.
  19. TRD doesn't plan to micro manage the movements of all foreigners in Thailand and start counting days for each of them. No country's Revenue does that, it only comes into play if your areaudited or queried about your return.
  20. I don't have a point, was only responding to JG's comment. You'll be hard o0ressed to get a TIN without first having a long stay visa and secondly, demonstrating a need. Many have tried, many have failed because they don't meet that criteria.
  21. Er, I've had a Thai TIN and have been filing a That tax return for over ten years.
  22. That negates exchange rate risk but not all the other risks of banking there.
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