bg53
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Posts posted by bg53
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3 hours ago, webfact said:The Prime Minister likened the Pheu Thai-initiated populist handout campaign to a tornado, predicting it will significantly stimulate domestic consumption...
Not how tornados work.
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I have heard slightly different versions from different volunteers and IOs about how dates are calculated (this is CM immigration).
To be absolutely safe, stick to 800K for 3.5 months pre and post.
(This is not OP's situation, but many foreigners do keep 800K year round to avoid the hassle despite low interest rates.)
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Yes to file a new TM30 preemptively when you come back in, ASAP. It will save you a lot of headaches.
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1 hour ago, NanLaew said:
Malaysia has been on a tax grab for about 4 or 5 years already. Started before Covid.
Malaysia is relatively benign.
Unfortunately this is not the forum to discuss details, but you are obviously on top of the tax issues.
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Risks: floods, storm damage and power disruption.
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Just now, AreYouGerman said:
Name 3 without Google.
Malaysia, Philippines and as of now Cambodia
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13 hours ago, TroubleandGrumpy said:
Where a person is a tax resident of two States, they can select which country to apply taxation to their income earned.
Right ..... Good luck to your tax planning.
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1 hour ago, Dogmatix said:
You can easily be tax resident of more than one country.
It is possible. However most people would want to get out of tax residency. To intentionally get into double or multiple tax residency status to choose which country to pay tax to is a very novel idea. Perhaps it exists in a handful of combinations.
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4 hours ago, TroubleandGrumpy said:Where a person is a tax resident of two States, they can select which country to apply taxation to their income earned.
Where did you get this concept? Residence falls on one side or another, and DTAs have clauses to decide residence.
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Saw the video. Did the man drive dangerously? Yes. Did the boy (RIP) ride dangerously? Yes.
I don't know how much to blame either party. Almost killed a woman on a motorbike once. She swerved into my lane (right, fast) to make a James Bond style u-turn. Slammed the brakes and just missed hitting her bike.
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6 hours ago, TroubleandGrumpy said:under the DTA it is the person who decides in which country they will pay taxes on overseas income earned
DTAs do not work this way. Both Contracting States (at residence/domicile and at source) will have a right to tax (save for exemptions, limitations, non-discrimination or other clauses). The resident has no right to select which country he pays tax to. At best he can claim tax credit under the particular DTA to prevent Double Taxation by both Contracting States.
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4 hours ago, webfact said:
Following the incident, the army headquarters was quick to respond. According to Deputy Army spokesperson, Richcha Suksuwan, the officer involved does not belong to the army headquarters but is associated with the Office of the Permanent Secretary for Defence.
Spokesperson must have breathed a sigh of relief.
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On 6/10/2024 at 8:08 AM, webfact said:
The syrups in question include widely used brands like Carbosol, Startec, Parastar, Fatec, Cetaphen, Co-trimoxazole, Kressbuten, Domperstar, Kresstrim, Kresscolet, Kresstec, Kressbrooxol, Startifen, and Domperkress syrups.
How in the world did the contamination affect so many brands? One manufacturer?
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14 minutes ago, nobodysfriend said:
They destroy the natural habitat of a lot of endemic species and gain nothing from that , except a little lower taxes .
Fault of the system and a shame .
I agree.
Here, they plant banana, just a token amount, to get around the taxes.
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RIP.
And don't smear the Thai lifeguards. They did everything they could and rescued the boy.
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12 hours ago, Roo Island said:
Many countries already tax foreigners living in their country. Like Portugal, Spain, and now, Belgium.
https://www.politico.eu/article/brussels-belgium-parliament-tax-expats-new-regime/
Lessons from the Politico article about Belgium's new tax law.
Quote"now they will be taxable on foreign investment income and worldwide professional income"
There is a chance that the new Thai scheme will tax more than that, e.g. capital gains.
Quotethat will no doubt have a negative impact on the attractiveness of Belgium and Belgian employers on the market
"People from abroad could easily go to the Netherlands or to France, and there they would have a much higher net salary than they have in Belgium," she said, adding that there is now trend of expats resigning after their employer refused to increase their gross salary to make up for the tax hit.
Thailand should consider not just the short-term, top-line revenue gains but all the consequences.
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28 minutes ago, Mike Lister said:
Let me leave you with these thoughts.
Concentrate on this year, the return next January and the things you know are certain.
Set aside the scaremongering and panic of what could happen next year because they may not happen at all, or at least not as currently thought.
Look beyond or ignore the knee jerk responses of some posters, the unfounded worry alone will do more damage than they are worth.
I rate the chances of this being fully implemented by January next year, as very low.
First, I want to show my appreciation for what you did on AN about tax issues.
Second, a reaction doesn't have to be binary (no reaction or full on panic). Look at options and find ways to get around the iceberg.
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2 minutes ago, sidneybear said:
Taxing worldwide income is nothing new. Australia does it.
It's new for Thailand, and there are options around it in nearby countries.
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16 minutes ago, expatsoon said:
just read that the Thai Government is now talking about removing the tax free status of the LTR visa. Sorry but this is just becoming a joke now, nobody can take them seriously anymore.
could you give a link for your source?
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1 hour ago, Lorry said:
2. For WHAT do you have to pay taxes?
A citizen based tax system obviously taxes worldwide income.
Residence based tax systems come in 2 flavors:
A territorial system only taxes income sourced in this country (Philippines work like this for foreigners).
But most residence based tax systems tax worldwide income, once it has been established that you are a tax resident.
Worldwide basis of taxation also comes in 2 flavors:
1. Assessable income inbound.
2. Assessable income worldwide.
The comment attributed to the RD official is of the second variety.
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Please also note that pensions may be exempt under Thai Double Taxation Agreements. Check your particular DTA.
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3 minutes ago, wmlc said:
So, if the Thai government can't enforce it on them, their own citizens, how can they enforce it on foreigners? Those girls transfer the money to bring it in cash. the same as we do.
Those girls work on a pure cash basis in Korea, which has tight currency export oversight. You mean to say most foreigners are in the same boat?
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Just now, wmlc said:
I don't agree. I will give you a huge example. The girls that go work in South Korea or Japan or Taiwan. They go three months at a time once or twice per year and earn big money.
You think those girls will ever pay tax? Who knows what they earn?
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1 minute ago, wmlc said:
They are because many only work abroad part time and come back with their money to spend it here.
This is a small slice of the labor market (come back >180 days).
TM.30 receipt lost... is it needed for extension of stay?
in Thai Visas, Residency, and Work Permits
Posted
Last year at CM (not BKK), copy of TM30 was asked for when extending non-O permission to stay.