chiang mai

Go follow and antagonist somebody else, stay Away from me.

Record retrieval mostly and trying to recall exactly what and when. My UK bank statements exist for seven years plus I have all my (many many) old bank books, still, it will take time!

I'm sure I could but it would be a slog, a real long haul to do it.

I also don't believe TRD staff has there own list of all inbound/outbound transactions, along with all the details ,but I do believe they will have easy and simple access to that information and that they will either sample the data or they will look for standouts and pursue them. Some people will say the information is private and cannot be shared, failing to realise that Western data privacy laws haven't been implemented here. Banks are the agents of the central bank, they implement central bank policy. Put this another way, the banks will do whatever the central bank asks, within the bounds of existing laws and boundaries. There is already an extensive flow of information between the TRD and the banks, via the central bank. Banks withhold tax on savings interest and on bonds and forward the account information, and the tax, to TRD. When you go to file your tax return electronically, you will enter the name and account number of one Thai bank where you hold an account and up pops details of all tax paid at all Thai banks. And as already said, inbound and outbound currency transactions all flow via the central bank or are reported to it out of necessity. Lastly, a TIN for a Thai person is their ID card number, TIN's issued to foreigners fulfil a similar purpose. The Thai ID card number follows them everywhere and is embedded in every type of financial transaction, it is how the individual is identified in all things. You say you don't believe the TRD has a list of "every unique TINs international transfers (incoming and outgoing)" yet the banks do and the central bank does, so why not?

All international funds transfers, inbound and outbound, are reported to BOT, the banks are BOT's agents in this respect. BOT needs this information to manage the currency, just as any central bank does, Do you really think that information is not shared or capable of being shared. And I also have worked in banking for over a decade plus I've worked for Big 4 for many years also. I think what you and one other outraged poster means is, God, I hope they don't see those transfers! But banks send TRD details of accounts and tax with held on interest, on EVERY account, that's how your tax refund is made possible, and you think they don't know about transfers, really!

Scaremongering oh brightest star is when something radical is said that is either untrue, highly improbable or extremely unlikely. You know what KH, you're going back on my ignore list, again.

TRD's job is "To collect all taxes". They can't always see Baht notes changing hands in the market place but they sure as heck can see wire transfers come from overseas, into somebody's account and they need to satisfy themselves as to whether those funds are assessable or not, reported or not.. Which do you think is easier to do, stand in a hot dusty market place watching vendors all day long and keeping a tally of their sales to see if they are reporting their income correctly, or, sitting behind a desk in an air con office with a phone and a printout from BOT showing wire transfers! Give your constant criticisms of my observations a rest and STOP following me, I no longer have any interest in what you think. "most ludicrous", "beyond a joke" ....save your mock shock and horror for the amateur dramatic society, this is a debating and opinion forum so suck it up and get over it!

That is the question that others need to answer, not necessarily you.

If push came to shove and somebody said, "prove it, for the past ten years", could you?

This appears to relate primarily to one particular charlatan.

The problem here is that whilst you know your remittance is not assessable, TRD doesn't, unless somebody tells them. All they see is a remittance that has no corresponding tax return, which is why I believe non assessable funds will need to be reported, as they are in other countries.

You've taken my response to that poster out of context, the discussion therein was about the definition of declarable income, not necessarily applicable just to Thailand "I wonder about that. I used to work for the Revenue Department in my country. Then Income tax was my hobby for many years. (Does not make me an expert here in Thai taxation). But I would understand the terms 'declarable' as income, for income tax 'assessment' by the local Tax Office, with a view to determine if income tax money is owed to the country. If I remember correctly, the unit I initially worked in was referred to as 'Initial assessment'. To determine how much they could easily grab. Because our dear governments always keep the option of 'secondary assessment'. I suppose that such terms get their own meaning according to rule of law of each country".

The UK tax return requires me to declare income that is subsequently ignored as part of the tax calc., us ssc is one example, because the income does not arise in the UK and I am not uk resident. Whilst this is not currently a feature of the Thai tax return, I expect it to be so this year.

There are several stages. Remitted funds include all funds that are sent to Thailand, these have to be assessed by the taxpayer to determine is they are exempt or assessable to tax. Funds that are assessable to tax must be declared on a tax term and assessed once again to determine if tax is payable or whether they are below the level of the TEDA. So, there are several levels of assessment for different purposes, tax payer assessment of inbound funds in order to filter out exempt funds, and, tax assessment to determine if tax is due on assessable funds. There is then a third level of assessment that involves assessment against DTA requirements which may negate tax due.

Funds do not have to be assessable for them to be declared, ignored income is required to be declared but it is not assessable to tax.

It's imprecise at best.

That is correct. Gifters must not benefit from gifts made to others.

The limits for mobile apps and debit cards are different: Per AI for brevity: the limits for mobile apps and debit cards are not the same at banks in Thailand: Mobile banking The Bank of Thailand has mandated a daily transaction limit of 50,000 baht for mobile banking users as a fraud prevention measure. Debit cards The maximum withdrawal limit for a debit card at ICBC (Thai) is 50,000 baht per transaction and 100,000 baht per day. Bangkok Bank The maximum transaction amount for funds transfer through Bangkok Bank mobile banking is 2,000,000 baht. To check your debit card's daily limit, you can: Call your bank, Visit a branch, and Read the account disclosure or agreement. Some banks and credit unions may set daily spending or withdrawal limits for security reasons.

Funds remitted to third parties are potentially assessable on the sender, so yes, funds sent my you to your girlfriend need to be accounted for by you.

Nonsense. I've tried to explain it to you, it's your prerogative to ignore it. Bye.

It hasn't been for the past year but if you say so. Sounds like you probably shouldn't file, I mean, what have you got to loose!

There is no new law that is needed hence, it doesn't have to published in the Gazette. POR 161 and POR 162 are reinterpretations of existings rules, they are internal procedures not laws.

What you describe is a commingled account where savings and income are fed into the same account and funds are then remitted. FIFO rules can be deployed to address the problem you describe but you need to have the paper work to support it. the funds first deposited into the account with FI (first In), FO or first out was the money you remitted...the newly minted 50k would only be relevant after the savings had been depleted.

All debit cards are associated with one network or another, Visa or Mastercard, that's not the issue. Debit card limits are variable and set by the customer and the bank at account opening. It's likely however that some banks may have set a farang card to "no limit" but I'm certain you will find the bank is able to reduce the limit, which helps prevent loss in the vent of fraud or loss.

It is YOU, the taxpayer, who files the tax return and must state whether the income you have declared is tax assessable or not, when it was earned and who MUST be able to prove what you say, if audited or required. So you better hope there's a way to prove it or you're in trouble. https://sherrings.com/foreign-source-income-personal-tax-thailand.html