
anrcaccount
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Report New Covid-19 Variant NB.1.8.1 Gains Ground in Thailand
anrcaccount replied to snoop1130's topic in Thailand News
Covid cannot spread while eating Moo Kata or Shabu Shabu, surely everyone knows that. -
Yes, but there's a difference between "recommended", and "allowed/eligible" - if the parents make an individual health decision on behalf of their child. The US ( and many/most other countries) do not "recommend" the covid vaccine generally for children. However, children are eligible for one if the parents decide this is necessary. Individual health choice. That's a good thing. It remains correct, that for the vast majority of children, the covid vaccine is unnecessary.
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I'll leave the differing opinions on the effectiveness of PPE aside, but he does have a valid point. "Unnecessary" is the correct description for covid vaccinations for the vast majority of children, and the health authorities of the world broadly agree on that. Please be aware that that the NHS doesn't offer free covid vaccinations for children, unless in the exceptional case they have a severe condition.
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Most countries no longer recommend covid vaccination for children (excepting those with severe existing conditions). UK, Germany, Australia..... many more examples.
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Thank you, yes makes sense. Summary, the covid vaccine is unnecessary for the vast majority of children. However, if parents wish to vaccinate their children they can make this choice, safely, as an individual health decision for their children.
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@Sheryl thanks for your usual sensible advice. In my home countries (x2), which have very strong, well respected health systems, covid vaccines are not recommended for children under 18 without existing complex health conditions. So for the vast majority of children, covid vaccines are not recommended. Does Thailand offer different public health guidance?
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https://library.siam-legal.com/thai-law/revenue-code-assessable-income-and-income-tax-sections-40-64/ It is there in black and white, I have even made it bold for you. Non assessable / exempt income remitted is not required to be listed on a Thai tax return. This includes UK Government Pensions and US Social Security. You suggesting otherwise is plain wrong.
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I'm only dealing pensions here. A Pension over 60k / 120k / 220k a year is assessable income according to Section 40 ( 1 ) of the Thai Revenue Code. And as a Thai Tax Resident I should file a tax return. Agreed ? So I file Tax Return as required by Law and then claim a Tax Exemption by providing the evidence that it is a Government Pension, and is only taxable in the UK according to the UK - Thai DTA. No, you're completely incorrect. A UK Government Pension, as with US Social security, is non-assessable / exempt and is not required to be listed/declared at all in a Thai tax return. If it was, the TRD would have been requiring this for many years, and they never have. The POR internal directives released in 2023 are unrelated to this.
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Correct Correct These people are completely misinformed. The TRD has no interest in receiving tax returns declaring non assessable/exempt foreign income. To explain further- If the TRD did want this - they would have been requiring it for many years already, as exempt income ( one example being US SSC) is commonly remitted same year earned.
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Spot on, well said. Assuming this change is implemented as written, this thread will be of little to no use. It wasn't necessary before the internal directive changed, and it won't be once it changes again. Happy Days, indeed. I too have sympathy for the individuals, especially those who were frightened enough to leave the country etc, a massive overreaction IMO, but given the hysteria, understandable for some. I have no sympathy however, for the predatory 'tax agencies' who have been responsible for much of the 'conning' , who will need to find a new business model, as (assuming this goes through) processing tax returns for expats will be close to non-existent.
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Report Foreign Earnings Taxed Under New Thai Rules - But With Exceptions
anrcaccount replied to snoop1130's topic in Thailand News
Absolutely spot on, you hit the nail on the head. Very well said. -
Typical weasel words from this 'agency' - trying to create doubt that these changes may not apply to expats. Thai taxation does not discriminate on nationality between citizens and foreigners, in case you were in any doubt. Didn't see the same doubt, when the TRD foreign income remittance year internal directive POR's were issued back in 2023. This agency and others, jumped on them to create themselves a predatory business opportunity, which looks like will soon, (IMO gladly), be ending.
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Read the article again This looks like a tax free ( 18 month window ) for rich Thais to repatriate their money into Thailand before global taxation kicks in, in 2027. I think it is you, that should read the article again. Firstly, there is no mention at all of global taxation. Secondly, there is no distinction between Thai citizens and foreigners who reside in Thailand, as it relates to taxation. There is nothing in this article that suggest that is changing. Thirdly, there's nothing to suggest this is just an 18 month window. The principle refereed to is- foreign income remitted same year earned and year following is exempt. Quote below: "Under the new guidelines, Thais with foreign income will not be taxed if they remit that income in the year it was earned or the following year. For example, if income is earned in 2025 and brought into Thailand in 2025 or 2026, it is not subject to tax."
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Thanks for sharing. Not only is this the flip flop many expected, it actually looks like it goes further and specifically exempts foreign income earned from being taxed - not only in the year earned but also the one following. And of course, if all income is exempt, there's no need for a tax return to be filed at all. Good riddance to the predatory tax firms who had sprung up. They got one year of business out of of the hysteria! For any of those worried foreigners who had been hand wringing about tax or leaving the country for 180 days to avoid it, time to relax and stop worrying!
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Thailand Yet to Finalise Policy on Taxing Expats’ Overseas Income
anrcaccount replied to webfact's topic in Thailand News
Absolutely nothing has changed, 99%+ of expats don't pay tax, no new enforcement, status quo , relax, sabai sabai. -
You made 2 mistakes. The first was bothering to file for thai tax at all. The second was once you decided to file, you tried to do it yourself instead of using an accountant accustomed to dealing with the TRD Anyway, if you do nothing there'll be no consequences. No need to do anything as drastic as spending less than 180 days a year in Thailand. Relax.
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Says me, but I would also term this the reality, vs the law, which like many others in Thailand, ain't enforced. It hasn't been enforced for the many years Thais and foreigners have been remitting billions of baht in technically assessable 'same year earned foreign income', and there is no sign this has changed, now that 'post 2023 year earned foreign income' is technically assessable.