chiang mai

Yes, I'm greedy.

https://sherrings.com/personal-tax-deductions-allowances-thailand.html https://taxsummaries.pwc.com/thailand/individual/deductions https://www.pwc.com/th/en/tax/thai-tax-booklet-2023.html

The first time it fell below 33 was two and a half weeks ago!

The list you copied from the tax guide is not intended to be a complete and exhaustive list of all TEDA, only the most common ones. You should always refer to the TRD web site for the latest complete list of TEDA.

I don't know why you would think that, the TEDA (Exemptions, Deductions and Allowances) haven't changed.

It's data entry, everything goes into the system and the system spits out those that are incomplete or suspect, otherwise it's check and pass. Folks seem to have this image of metal desks and hundreds of checkers pouring through mountains of paper based returns even in Thailand it's 2024, not 1950. The other point to add here is that the native population has been migrated from paper based returns to filing online returns, in the past few years, that has left a lot of TRD people capacity that can be drawn on in the interim learning curve period.

At least you won't have that nagging feeling in the back of your mind, should I have done that or not. Personally, I reckon TRD should host a lottery once a year, file your tax return and your TIN will be entered into the draw, first prize, THB 10 mill. The tax take would take off like the space shuttle. Remember, you heard it here first. PS: taxable of course. 🙂

First hand for you perhaps and even then, questionable.

The argument is often used that this or that must not be true, because the expat community hasn't heard anything about it. I wondered for a moment how valid that is because it seems not to make much sense. I know from the many reports that there are plenty of Western expats who avoid other expats like the plague, I personally only know two or three and the rest of our friends are either Thai or other nationalities. I suppose if I hung out in the bar every day I might know more Western expats but there again, the news that flows from those sources can't be the most reliable. The Western newspapers here contain unreliable news so that leaves the small percentage of Western expats who populate these pages. The problem, I think, is that there probably isn't sufficient communications between Thais and Western expats at a senior level that promotes flows of useful information. Posters like Dogmatix are, in my twenty years in the forum, a rare find here and are the exception. I think this is perhaps a symptom of us overstating our own importance in Thailand yet again, the fact is that lots of things happen that we don't know about or understand. Which is why it doesn't seem reasonable to say that just because we don't know about something, means it is not true.

I've always believed that everyone should have the choice and make their own decision whether to file or not. I also believe they should not be derided and called stupid or crazy if they follow the law and filed when no tax is due. I am pleased to see that you have modified your position.

So that's a nothing I presume....thank you for playing....next please.

We're being asked to ignore the TRD Code and the written word of law firms, in favour of a couple of verbose farang posters who say they are right. Hmmm, difficult choice. If you could balance the scales a little in favour of your argument by providing written evidence from a reliable source to support what you say, that might help. But honestly, if it's just a few farang posters against the evidence, I'm not hopefully for you. Oh yeah, telling me I'm stupid doesn't enhance your argument or your credibility so try hard and keep it civil.

Why would we? Active membership of AN in the tax threads is well under a hundred whilst there are hundreds of thousands of western expats here.

I discount anecdotes when they are third and fourth hand, but feel free to post a link to any Big 4 firm or the TRD, confirming that foreigners don't have to file under the quoted circumstances. I would remind you that the supportive evidence on my side of the argument is the TRD Code and several law firms. To make me cross the line you'll need to exceed that in terms of quality and volume.

He talks BS but he's a very experienced BS'er and he's been BS'ing for a long time....right, what could go wrong!

I also think that. Hes well connected and known but I don't read or hear good things about him from anyone, quite the opposite in fact.

45) The core issue is likely to be the source of the funds used in the home country to settle the credit card bill and whether those funds are exempt or assessable. 46) The TRD doesn’t care about credit agreements or debt in the card holders home country, only about the events that took place in Thailand and the funds used to facilitate them.

And how many times has that same message been repeated in these threads this past year yet some still don't understand....yee gods.

When you file, you self assess and self declare. The TRD will either accept at face value, the things you say or they will ask you to provide supporting evidence. The system is no different really to anywhere else in the world.

Both GERD and GORD are acceptable terms to describe gastroesophageal reflux. Unless of course your doctor is a pumpkin or a squash, in which case GOURD would be more appropriate. 🙂

Yeah, I took it that the residency part was already taken for granted in this context but OK if you want to spell it out. I mean, the thread is entitles tax residents.

The opinions of the foreign tax "expert" in the video mean zero to me, his credibility has been pooh poo'ed loudly and repeatedly by long term members of this thread (Gant), by the expat clubs in the North and in Bangkok and by most people who have listened to him speak in other recent videos. You can't hold the guy up to be an expert whenever he says something you agree with and as a dunce opportunist when he doesn't. His long term track record is that he should be ignored.

Well their tax guy has a Master from Kings College UK so I'd say he probably knows what he's talking about. Plus as Lorry said earlier, one of the representatives in the tax meeting is a professor of tax/economics. https://www.legal500.com/firms/34053-siam-legal-international/c-thailand/news-and-developments/meet-dhanabol-chomsaengchok-our-expert-thailand-tax-advisor

A 20% swing in a currency pair is massive.

If you're referring to USD DI chart I posted, that's a single day. If you expand it to say 5 years, you'll see that the DI fluctuates massively, even in short timescales