
Pattaya57
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Everything posted by Pattaya57
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To be an Aussie non-resident for Tax, or not?
Pattaya57 replied to Pattaya57's topic in Australia & Oceania Topics and Events
Yes, this is why my mate decided to change to non-resident after 2 years in Thailand as he has no chance of passing the current rules to remain a resident. Likely he may never have got caught though as up to him to decide to self inform ATO, but he said he didn't want to get caught later and have years of back taxes to pay (his tax agent strongly suggested he was a non-resident for tax) For me, I still meet the rules even though for last 2 years I have been in Thailand over 220 days per calender year on visa exempts and tourist visas (still have 183+ days in Aus 22/23 tax year and 173 days in 23/24 tax year) -
Oh boo hoo. I'm breaking the law by having an agent pretend I have 800k baht in bank, now they want 20,000 baht to pay off the bank officials and IO who basically lie to give me my 12 month extension... ...ok I've ran out of sympathy, get baht in the bank and get a legit Visa
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Aussie craft beer in Thailand
Pattaya57 replied to Mekmong MICK's topic in Australia & Oceania Topics and Events
But you obviously don't know what craft beer is so how would you know what a sex tourist was Ridiculous exposed troll thinking VB and Fosters are craft beers in Australia -
I actually had a winky emoji per paragraph at first, but thought it was too 58ish of me so dropped it to one at the end. All was meant as kidding. Still want my 5 minutes of life back for the click bait headline making me read and respond to a thread about dead fish found in a bin though 😉
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So you want to lecture me on what I can reply to a post, thought this was a forum? You do know I added a winky right? That generally means I'm kidding. But since you've gone all Rambo, if the headline didn't say "Concerns of Possible Body in Bin" and said instead "Concerns of Possible Body in Bin - found to be dead fish instead" I wouldn't have bothered to read the thread, so I wouldn't have commented. You reap what you sow.
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This is why Asean Now has a separate news section. Why do we need a news thread in Pattaya forum about someone smelt dead fish in a bin? if you're interviewing for a job you need more worthy news stories although you do have the sensationalist headline nailed though 😉
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Re-entry permit at Suvarnabhumi?
Pattaya57 replied to TPDH's topic in Thai Visas, Residency, and Work Permits
Why not read the thread, very detailed guidance has already been provided -
To be an Aussie non-resident for Tax, or not?
Pattaya57 replied to Pattaya57's topic in Australia & Oceania Topics and Events
New tax year, new lower tax rates from tomorrow. Resident $0 - $18,200 - tax free $18,201 - $45,000 - 16% $45,001 - $135,000 - 30% (+ up to 2% medicare) Non-Resident Bank Interest - 10% Other income - $0-$135,000 - 30% The good news is I applied the new rates to this year and I'd pay 9.8% less tax as a resident and 3.7% less tax as a non-resident, so good for everyone. -
To be an Aussie non-resident for Tax, or not?
Pattaya57 replied to Pattaya57's topic in Australia & Oceania Topics and Events
Yeah I know it depends on individual. I wasnt making a thread to convince people to go non-resident, it was more to show it may not be as bad as some people think. I have a detailed spreadsheet that calculates my expected tax depending on residency. I was surprised to find that I would pay a lot more tax as a resident than as a non-resident this year. (It calculated I had to put $17k into tax deductable Super contributions to reduce tax to same as that of non-resident) -
To be an Aussie non-resident for Tax, or not?
Pattaya57 replied to Pattaya57's topic in Australia & Oceania Topics and Events
I take your point. In my case, I have a taxable Super pension which uses up my tax free threshold so all of my interest is taxed at either 21% or 34.5% instead of the non-resident 10% There are other reasons to change to non-resident though. My Mate is married to a Thai with a child in school for last 2 years and living in his Condo. He has now bought a house and is stressing that if ATO audit him he'll never pass the resident test. So he's decided to elect non-resident on next tax return. One added bonus, he has $20k capital gain on shares and gold. He found that if he declares non-resident as of 1 Jan 24 he won't have to pay the capital gains tax as prices tanked up until January (ATO treats gold and shares as sold on day starting non-resident so they use the price on that day to calculate CGT) -
To be an Aussie non-resident for Tax, or not?
Pattaya57 replied to Pattaya57's topic in Australia & Oceania Topics and Events
Last two years I paid a lot of concessional contributions to Australian Super to bring my marginal tax rate down (and build up fund for the future tax free pension). My Super fund has confirmed that I can still do that as a non-resident. So basically any concessional contribution to Super is taxed at 15% instead of the 30% non-resident tax My current approach as a resident is to top up super to pay 15% instead of the marginal tax rate, while my non-resident approach will be to put all non-bank income towards my Super until I take the tax free pension -
To be an Aussie non-resident for Tax, or not?
Pattaya57 replied to Pattaya57's topic in Australia & Oceania Topics and Events
So I guess no members here have declared themselves to their bank as non-resident from Thailand? I'm surprised when people can actually be better off by doing so. -
How to get 1 year Thai visa?
Pattaya57 replied to droopy swingers's topic in Thai Visas, Residency, and Work Permits
This is crazy, OP just joined forum, has never been to Thailand, won't say his age and wants info on how to get a 1 year visa so he can marry a Thai and buy her a house. How about read the info on the forum you just joined and then come to Thailand on visa exempt to see if you even like the place. You might not. This can't be real as who gets a one year visa to a place they've never been, never mind he wants to pay all that money for an Elite visa. -
Is it? Isn't this bit doing a 90 day report ( as TM30 mentioned after it), which you wouldn't be doing on a METV? Prerequisite are: Up to date address registration.
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To be an Aussie non-resident for Tax, or not?
Pattaya57 replied to Pattaya57's topic in Australia & Oceania Topics and Events
If you want to stay a resident that's fine, I was asking how to inform banks I'm now non-resident. I don't know what false declaration you're referring to but I'm choosing to become a non-resident as I'm far better off tax wise by doing so. -
The person renting a condo can apply for their own TM30 using the lease, but they also require a copy of the Owners ID and Chanote. So I'd say you're screwed with a probably illegal sub-lease the owner knows nothing about
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DiY Retiement Extension - Jomtien
Pattaya57 replied to Pattaya57's topic in Thai Visas, Residency, and Work Permits
Something else I noticed, every counter where you pay baht had these new "No Gifts Allowed" signs. I wanted to take a photo but didn't think it would be appropriate 😀 -
First retirement visa
Pattaya57 replied to zoolander's topic in Thai Visas, Residency, and Work Permits
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First retirement visa
Pattaya57 replied to zoolander's topic in Thai Visas, Residency, and Work Permits
Having just done it, I highly recommend getting a non-immigrant O visa in home country, showing the equivalent of 800k baht in home bank. The non-imm O gives 90 days stay and allows easy opening of a Thai bank account. You need to deposit 800k baht and maintain it for 2 months, whereby you can then apply for a 12 month extension that costs 1900 baht. You have to maintain 800k in bank for 3 months after extension granted, can drop to 400k for 7 months, and then back to 800k 2 months before next 12 month extension. (Or, as stated above you need 12 months of deposits before you can use the 65k income method) -
To be an Aussie non-resident for Tax, or not?
Pattaya57 replied to Pattaya57's topic in Australia & Oceania Topics and Events
In case people don't know, you only inform the ATO you're a non-resident during your tax return. So as I'm planning to elect non-resident from 14-Oct-24, I just fill out non-resident for 259 days when I file my 2025 tax return, so pretty easy. What I'm finding not easy is how to inform the banks that I'm a non-resident so that they can apply the 10% withholding tax. Note that you also have to verify an overseas address or they will withhold the top tax rate of 45% instead of 10%. Of my 3 banks: Westpac - can add overseas address online and change tax residency, but only if you say yes to being a tax resident of another country (I'm not yet a tax resident of Thailand) Macquarie - says call a 1800 number to add overseas adress which I don't think you can call from overseas? No option to elect non-resident NAB - Residence can change online but if you dont have another country's tax id number you have to call Australia, while to add an international address you have to call a different Australian number I find it ridiculous that you have to call Australian banks from Thailand, with all the expected long hold times, just to inform your change to non-resident tax status and add an international address. Has anyone had emails accepted to change your bank tax status? Or any other way not requiring long phone calls?