lordgrinz

It's all these interpretations that are confusing, what exactly the law states would be my big worry. I mean is the RD going to publish some type of amendment based on these Q&A's, or are we hoping the person who answered these questions is allowed to make these interpretations?

From 21:30 to 22:30 is based on remittance from a lump sum savings from years of savings from salary, listen to it again.

Specifically the savings, which is explained in an example from 17:26 to 21:50......it appears remitted money from savings, WOULD be subject to taxes, no matter when it was earned.

Yes, that's where the funds will be coming from anyway.

If she chose to be, or not, she is now a Martyr. Hopefully something good arises from her sacrifice, the LM laws need to be abolished.

I am trying to find a way to handle part of the problem, just ordered a Wise debit card, might make use of that, as I highly doubt they will be tracking debit card purchases using a non Thai bank for payment. Hopefully I can make purchases using that, and avoid any scrutiny over sending actual cash to my SCB account, which would definitely be a very visible remittance.

This is what scares me, unless the RD makes some changes.

I assume you meant 80+ % of Thais couldn't afford to spend time in Europe on the wages they earn

They are few and far between, this a country of poor people.

You would think there is no way the EU would be that naive, especially after recent issues with Thai's overstaying in South Korea and Japan, but who knows.

I just hate having to pay custom fees and VAT on imports from home after already paying higher shipping costs, just because nobody in Thailand can provide quality products for sale. I find about 50 percent of quality items I am looking for are not available here, fixing that issue would be a better direction.

"Nero fiddled while Rome burned"

I'm still not buying the it's ok to remit the prior to 2024 savings amount, until I have concrete proof of others doing so, there is no way I am going to be the first to test that theory. I also don't want to be part of those willing to test the less than 1 percent audit theory either.

Well not exactly, most of us have lived off the income stored for over one year before being remitted approach, which is now in jeapordy. The other issue is how they will now handle savings that we have that were there before January 1st 2024. I hope all of the guinea pigs remitting money this year give us a rundown of how their tax situation plays out when doing there taxes next year.

Got stuck at DM yesterday after our JAL flight from Tokyo was diverted, due to bad weather at Swampy, we spent almost 7 hours on the runway before finally flying to Swampy from DM. A 6.5 hour flight turned into about 15, at least we had air conditioning.

Does the Thai tax return have a section for applying Foreign Earned Remitted income, and is there a worksheet that defines what it assessable, or not? Meaning we would have to file a return for all money remitted to Thailand, then use a worksheet to reduce out exposure to taxes based on a DTA's, etc?

Wouldn't it be easier to just let us pay our taxes in our home countries, which we also state we are out of the country for whatever amount of days anyway, then maybe add an area for which country we reside in, and then let Thailand and the Home country tax authority decide who gets what behind the scenes? Since I am just a guest in this miserable hellhole anyway, why treat us like permanent residents?! My main objective is to not file taxes in Thailand, ever.

Can I borrow one of these million dollar credit cards? 🤪

Not sure I would even leave the house with only 50-100 baht, I want at least a thousand and more like 3 thousand, just in case.

Love the fact that the motorcyclist is wearing a helmet, but the child's safety is forgotten.

I'm still going with the wait and see attitude, I was just thinking of padding my account a little more to accommodate all of 2025 just in case things are still not set in stone. The whole Remitted part is the absurd part of this, either tax us on worldwide income, or not. I would like to avoid filing any taxes here in Thailand though, or have to explain where my money comes from, it comes from Wise.....no other explanation needed. I files taxes in the US where the money is sourced, I don't feel like handing them any information about any accounts held there, because I don't trust anyone in Thailand to have that info, even my wife 🤪

Anyone know if the money we bring back when we come in on an airplane is considered assessable income? If I understand correctly, we don't even need to declare anything over 450,000 baht (or USD 15,000), correct? So no paper trail of where it came from, or would the issue arrive after I try to deposit it in my Thai bank account? https://aip.caat.or.th/2023-12-28-AIRAC/html/eAIP/VT-GEN-1.3-en-GB.html#:~:text=1 Any person leaving or,when carrying over 450%2C000 THB.

Umm....I think he would if he could, be careful what you ask for.

A US CPA is not a Thai CPA....Out.

I take his advice with a grain of salt, I still don't want to be one of the first Guinea pigs in this mess, I hope he is right......but I'm not betting on it.