chiang mai

Not true. Almost 12 million tax forms were filed, 4 million of those requested refunds so perhaps 6 or 7 million people paid tax. But the workforce is 38 million so around 30% of the workforce filed tax returns. Given that the low average wage in Thailand is close to the threshold for paying tax, the number of tax returns may not be too far adrift. If Somchai earns 12k baht per month or 144k baht per year, he can deduct 60k for himself, 60k for his wife and 30k for his sprog, that means he doesn't really need to file. https://www.bangkokpost.com/business/general/2799906/tax-refunds-delayed-by-surge-in-fake-submissions

Why does the TRD have no interest in flagging large remittances from overseas? The recent rule change means that's exactly what they are interested in, Thai's who have been investing money overseas and now must pay tax on any profit when it is remitted. And if they're not interested in that, what exactly are they are interested in? You keep talking about the lack of TRD enforcement but you have no first hand knowledge that you've shared with us about what the TRD enforces or how, except anecdotal information about some bargirls you know being financed by o/s boyfriends. Your comments are not even remotely credible as fact and your argument is not remotely credible as even guesswork.

US SSc is tax exempt in Thailand by treaty.

I so admire posters who tell us they understand the inner working of TRD, they know exactly what they do, how they do it, their priorities, who they tax, etc etc. I'm in awe of those skills!!! That's sarcasm.

Either you have a poor memory, are a very poor reader or you like to exaggerate. My guess at this stage is that you just say things without thinking whether they are true and correct or not. Yes, I believe they are inevitable, I think I have said as much. I have never said nor implied they will be enforced, you made that part up. I'm happy however that you think everyone can chill and that it will be a crap shoot/lottery whether or not you get caught, that's just what retirees need in the twilight of advanced years!

No we don't have that! What we have is people asking whether credit card transactions are assessable income and opinions regarding that being expressed, that's all. Nobody has ever said that TRD is monitoring credit card transactions, only that it is theoretically possible for them to do so.

You're referring to indirect taxes, which everyone in the country pays, residents, nationals, foreigners, tourists and illegals. The tax that's being discussed here is direct tax or income tax, a totally different animal.

If by being out of touch you imply that I don't know lots of bar girls being supported by farangs, you're right! But I've never worked in Thailand and I've been filing tax returns here for two decades.

Counting days between stamps in a passport is not rocket science, most people would want to know in advance in order to manage whether they wanted to become tax resident or not.

Stop it!!! One third of the foreigner population in Thailand is NOT locked away in remote villages, without communications and an awareness of what's going on. How do you know those bar girls don't report that income....I've already said that once in to you in the last hour but you keep asking the same question over again.

You jumped on that pretty sharpish, I made the change 10 seconds after I posted it!

Then they will find out in due course, that is the price they pay for locking themselves away from the English speaking world and not staying current with important events in their adopted country of choice..

If you spend a cumulative 180 days or more per calendar year in Thailand, you are tax resident.

You're scaremongering without any basis in fact or current reality, you're hypothesising to scare people. Why do you care, you've already said you won't be tax resident.

Maybe they do, how do you know they don't? Maybe they pay tax on that money, how do you know they don't? Maybe they declare it as a Gift, how do you know they don't?

This video was poo poo'ed up one side and down the other when it was first released, do you not recall from the long thread? Perhaps go back and take a look at what was said.

I hate grammar nazi's but this is an exception, Majesty's, singular.

More holes in that than is Swiss cheese.

He's different. 🙂

You wouldn't want to be in that scheme, even if it was free...I seriously doubt you'd use it anyway.

Give generously, you know it makes sense and is a worthy cause.

And......In the UK and the US, the respective Revenue Departaments never queried me about savings, savings was savings and that was understood.

If I explained it quite well I must re-read it because I admit to still being confused. Thai people have savings, why not foreigners too? Some times people just save money, they're allowed to do this and trying to trace back to find out how they saved it is punitive, pointless and the notion represents paranoia. "Ah yes, well, I saved that 20 quid from my salary ten years ago". No says the TRD, "if you saved it from salary income it's still income that must be taxed at our rate of tax"......it doesn't works that way at all. The objective of the modern day tax inspector is more about ensuring the funds were legally acquired and taxed somewhere, at the correc t rate. Their objective is NOT to try and tax every baht and satang they find down the back of the sofa and do forensic audits spanning decades, to do so erodes the concept of fairness and enhances the informal economy. The standard definition of savings, from a Western tax perspective, is tax paid income after expenses. If I sell my house and pay all my expenses and tax on that sale, in my home country, I might be required to leave it as "savings" for a period of time, in order to overcome any perception of manipulation, before the funds can truly be regarded as savings. Statute of limitations on taxes in the West is around 5, 7 or 10 years. Nobody imagines that 35 years from now, a Revenue inspector will still be asking questions about the two up two down you sold in Basingstoke nearly four decades earlier!

This is chicken and egg to some degree, which came first, the technical parameters or the socio/economic activities in the world. Tea leaves are good because they can tell you stuff, same with graphs and charts, if you know what you're reading and to read them in context. The realities of the world and the behaviour of people drive markets, technical parameters merely overlay them with great scope for flexibility and interpretation. But technical parameters are not something to be read in isolation, even if some are able to use them with successful outcomes from time to time.

The mutual fund taxation issue is not discriminatory. The fact that some products are taxed differently than others, doesn't discriminate against different races, nationalities or ethnic groups.