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bg53
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Posts posted by bg53
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1 hour ago, ukrules said:
Would you send several million dollars worth of previously untaxed currency into Thailand on the off chance nothing changes and it might not affect you at any point in the next 10 years when they get around to doing an audit on every financial transaction you've ever done since arriving?
You don't worry about a problem like the above - you take action and eliminate the possibility of it ever happening.
I agree. If Plan B involves logistics and the movement of financial assets, it would be wise to lay it out ahead of time.
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9 hours ago, Mike Teavee said:
I plan on applying for the LTR...
If the LTR holders don't get this ...
The LTR situation will be closely watched for sure.
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The police must be on high alert now. Late April some Chinese businessmen were kidnapped and two police officers were on the list of suspects.
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24 minutes ago, EVENKEEL said:
In comparison - A foreigner here in Thailand doesn't renew his extension, stops the 90 day reports and is officially overstaying. What happens? A big nothing.
..... but for the masses of retirees here I wouldn't sweat it.
Overstayers actively evade detection.
The masses of retirees are law-abiding and have to faithfully turn up at immigration. Easy targets in comparison.
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Thailand has only itself to blame for the 11th spot.
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26 minutes ago, Lorry said:
because I like to breathe air. So I just make it 6 months abroad.
So true. The extended "smoke season" and now the tax residency crap make it a double whammy.
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1 minute ago, NoDisplayName said:
There's good news and bad news. No, wait......it's all bad.
Amazing!
I arrived at the same conclusion with a few rough calculations. It will be bad.
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Methinks the Thai government has severely underestimated the wide options available for capital and revenue to find a new home.
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1 minute ago, jonclark said:if you currently work in Thailand and pay taxes on that income - keep your mouth shut about overseas income
A. Those who pay zero or negligible Thai taxes will take a huge hit with the low tax threshold. Many non-O people in that category.
B. Keep your mouth shut about overseas income? Good luck with the paperwork when CRS kicks in.- 1
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20 minutes ago, webfact said:
an electric treadmill costing 759,000 baht and a spinning bike priced at 484,000 baht
Training for the Olympics?
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2 hours ago, jonclark said:Filing income tax is a breeze - No accountant needed -
Good luck to you if/when Thailand's PIT changes from a territorial basis to a worldwide basis.
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1 hour ago, JimGant said:Why's that? The US already taxes my worldwide income. If Thailand wants a piece of the pie, their share, per the Double Taxation Agreement, will be a credit against my US taxation. Except for a very few outlier scenarios, there will be no change in my total annual tax bill under this new policy.
Other contributors have given full reasons.
I will add one more.
Retirees and married people do not want to mess with taxes. To file on both ends and work out tax avoidance (especially on the Thai side) will be a fustercluck.
Ergo, mass exodus to friendlier skies.
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If Thailand taxes on a worldwide basis, there will be a mass exodus of expats.
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Wait and see,
But if it gets gnarly, the plan is to take my money or my physical body out of taxman's reach.
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The second picture with the tram is surely not Thailand.
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1 hour ago, Neeranam said:
Why would they not want treat?
Personal choice. Asymptomatic and they don't like the side effects of treatment.
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In the worst case, H. pylori infection can progress from asymptomatic to stomach ulcers to cancers. What the specialist said is true. I have asymptomatic friends who chose not to go through the treatment.
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On 4/13/2024 at 7:15 AM, Bill97 said:
There is no know for certain with immigration. That is for certain.
That is not wrong advice.
But I did get mine done there.
You almost certainly did not get a retirement extension at Central Festival, unless an agent pushed through your paperwork.
Picture or it never happened.
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10 hours ago, Bill97 said:
No things could have changed, yesterday.
If you know for certain or have personal experience, say so. If not, please don't give wrong advice about visa matters even if you mean well.
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On 4/4/2024 at 12:23 PM, Bill97 said:
Yes recently
The signs of the Central Festival branch office didn't say retirement visa extensions are processed. Are you certain?
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5 hours ago, narkeddiver said:
The only two categories I can recall seeing on the wall there were Student and Teacher
What I thought too until this thread - especially Bill97's reply above.
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27 minutes ago, Bill97 said:
Yes some.
Retirement?
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Do they process non-O extensions at Central Festival? Could anyone confirm?
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The scumbags should be fined, then deported.
If not they will move on to the next mark.- 1
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Make take on the new tax laws and panic
in Jobs, Economy, Banking, Business, Investments
Posted
The Thais who work abroad are not tax residents.