freeworld

57 pages now of discussion. If people want the correct advice and to prepare they should seek professional accounting tax advice for their own personal position related to tax.

So everyone can meet an accountant and get advice to prepare for the future.

Relax, wait until they clarify everything, until then everybody is just speculating and complaining.

Nonsense, it is income tax, they don't just tax any and all transfers.

So one could ask, why did you come to and stay in Thailand?

Yeah strange that a few in govt can make laws giving themselves and a judge a supreme right to take a human life when it is illegal for others.

Informing the taxi driver he will be on TIK TOK, as if that will change his mind. Just move on to the next taxi.

They do not hate you. They are complying with their KYC and trying to meet govt regulation whatever those are. Foreigners living temporarily in Thailand would be subject to increased scrutiny and whether they are worth the risk or not. The problem is there is a lot of shady dealings around crypto and one has to thank those for increased govt monitoring, rules and regulations surrounding crypto and money. Also thank the OECD and these professional companies who are probably peddling their global rules and wares by promoting their specialist offerings and making money off giving anti money laundering seminars.

For some humans too difficult to remember all that.

TAXABLE INCOME = Assessable Income - deductions - allowances

You know you have a choice and it is well know the world over that riding on a motorcycle is dangerous, especially in Thailand. So decisions decisions, what to do. So one could either use public transport or buy a motorcar.

Pence LOL. Nobody is going to elect this plain boring social conservative. Fun facts: his favourite movie is "the wizard of oz" and some of his colleagues call him Mike Dense.

Doubt you are going to get any answers here. Ask a professional accounting firm for their professional opinion.

No, if you do not bring the interest to Thailand it will not be taxed. Any way if that was the only income which you earned it would probably fall far below the tax threshold of 150000 baht before one starts to pay tax on income.

No, if you come back and say, spend 10 days more, so 170+10 in the same tax year, you will be considered tax resident.

20 years ago those prices were half of what is listed. Better value was then. Curry 60 baht, all the India curries I see are 3X the price of Thai meals.

Very rich people also pay tax. It's a fallacy that they do not. Of course they could pay less tax if they get professional advice in the lawful use of the rules in force, everyone could do the same.

1. No, if it is taxed in another country then the DTA will cover that. 2. Income is salary, interest, dividends and capital gains (applies for most people) 3. If you have no untaxed income arising in or remitted to Thailand you will have no tax to pay.

Everyone residing in Thailand over the tax residency period should be obliged to submit a tax return, they just need to implement a law if it does not yet exist.

If you bring that passive income dividends or interest into Thailand and it has not been taxed abroad then it will be taxable according to Thai tax law but as it is income if it is below the marginal tax rate and minus the deductions it may not be taxable.

Try the tax dept and their rules on tax residency and remitting income. A visa and immigration status has nothing to do with tax residency, the bank seems to not know what tax residency means.

What is BVI? Off shore not paying tax in that jurisdiction? If you choose to be and are tax resident in Thailand according to tax residency and will be remitting income then it will be taxable according to Thai tax law and the DTA with your home country.

Its not poaching. Surely everyone want to pay tax where it is due so that it can be used by those working selflessly in govt positions to make life better for all of us.

No. You will be entitled to the applicable allwances to deduct from your tax bill if any.

Not true, the visa is with immigration, nothing to do with tax residence. Tax residence have their own tax residency rules, they have a 180 day rule in Thailand, less in other countries. If you are over 180 days in a tax year you are tax resident in thailand and subject to Thai tax laws for income accrued in or remitted to Thailand, according to the tax department.