freeworld

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Vietnam Individuals who are tax residents in Vietnam are subject to PIT on worldwide income. Income includes income from all sources including what may be understood to be of a capital nature. Individuals who are not tax residents in Vietnam are only subject to PIT on Vietnamese sourced income. Domestic PIT rules are subject to the application of a relevant international tax agreement. Tax residency Tax residency in Vietnam is determined by reference to meeting one of the following criteria: ₋ Residing in Vietnam for more than 183 days in a calendar year or 12 consecutive months following the date of arrival; or ₋ Present in Vietnam for less than 183 days in a tax year, but maintains a permanent residence in Vietnam and cannot prove tax residency in another country. Otherwise, they will be treated as a tax non-resident

A reasonable amount for the common good. "The Common Good A tax regime that focuses on the good of the society as a whole might conclude that a primary function of the tax code should be the redistribution of wealth. For example, generational wealth may be taxed by a high inheritance tax, or high earners may be taxed more to bring their pay in line with other workers. Most advocates of tax fairness tend to advocate for closing loopholes in the tax code that allow certain individuals and corporations to avoid paying taxes altogether, although every one of those loopholes is strongly defended by individuals or groups who believe they deserve special treatment"

Check this for 2021, you think its only Thailand? "According to IRS estimates, the US loses approximately $496 billion to individual tax evasion, with the majority being attributable to non-filing, underreporting, and underpayment of individual income tax[2]. In a US Senate panel statement in August 2021, IRS Commissioner Chuck Rettig said the country loses about $1 trillion to individual tax evasion annually[3]."

Thank computers and the internet, G7 +G20 meetings, the OECD and the UN, various other international bodies meeting, coordinating, discussing, agreeing and generally making the world an interconencted place all the while pushing up costs and requiring more and more information to get things done.

What does the DTA say?

Those are your home countries rules. Thailand has their rules. Refer to the DTA which incomes may be excluded from being taxed in Thailand. There is the usual wording in the DTA for incomes that it may be taxed in both jurisdictions, depends on each of the countries taxation laws.

Thai rules, one could apply for citizenship.

Probably means companies and online platforms earning income of 1 billion baht. Probably just a term tax and accountants used when speaking as the reporter has written it.

Thailand follow their laws if you are living/resident in Thailand. You can make use of the DTA to manage the type of income and offset taxes already paid in the UK.

Thats the choice one makes.

The BOT or bank rates. It on the tax website. From Mazars . A tax return and tax payment must be completed and made in Thai baht. The foreign currency must be converted into Thai baht by applying the average rate based on the selling and buying rate calculated by the Bank of Thailand at the time that the income was earned or the expenses were incurred.

I was always under the impression that everyone must pay their fair share.

Countdown to 180 days and then being considered tax resident arrives about 29th June 2024.

Just think for those who stay and pay taxes, after 3 years of paying taxes the possibility should be there to apply for perm residence or nationality.

They dont need to, it is just a mechanism and rules how to treat income taxation and avoid double taxation. Taxes are based on the countries taxation laws.

Residence-based taxation The residential tax system or residency-based tax system is the most widely used tax system in the world today. Over 130 countries use this tax system today. Among them are pretty much all major industrialized nations. Most of the EU, Canada, Australia, New Zealand, Japan, Korea, and the list goes on. This is how it works: As soon as an individual becomes a tax-resident in the country, he automatically becomes liable to pay taxes on his total worldwide income. You can avoid being taxed by giving up your primary residence in those countries, often by cutting your residential ties (houses, apartments, and other dwellings, memberships) and spending less than 183 days there.

Seems Thailand is moving to a residence based tax system rather than a territorial one, like most countries have.

Every day a new nationality, not often one sees Americans doing stuff like this.

Or just plan 1 week in advance of needing the transfer. Remember the old days (not so long ago) banks needed between 7 and 14 working days for normal transfer. Had to pay more if one wanted it faster (5 working days)

Sounds awful, something to be proud of?

No, this is not what they do. They are probably carrying out regulatory and verification checks and probably once verified, a tick box is checked and then everything is back to normal with seconds to transfer. Info from wise for eg. "Wise is a safe and regulated way to send money. And sometimes we need to double check some info about the person or business sending you money. If the sender is a person, we need to know their full legal name, date of birth, and the country they live in." https://wise.com/help/articles/2977951/why-is-my-transfer-taking-so-long https://www.einsstark.tech/transferwise-paused-transaction/

https://easypoolcleaning.com/my-pool-is-green-but-chlorine-is-high-why-and-how-to-fix/ https://poolresearch.com/sodium-thiosulfate/ https://swimmingpoolsthailand.com/en/content/81-swimmingpoolsthailand-chemical-guide ALGICIDES Green algae turns water light green. If untreated, the water will soon become a thick, dark green soup. It is the most common form of algae and it's what you'll find when you return to Thailand after an absence of several weeks. It can happen very quickly, even overnight after a tropical storm but it is not difficult to treat. If left too long however, the most economical solution is to change the water and thoroughly clean the floor and walls and flush the plumbing. Generally the correct level of chlorine will prevent green algae, but if it recurs often, use regular dosing of GreenKleer or install an ionizer. Algicides will not remove the green colour; the dead algae must be removed with a floccuant to clarify the water. Some of our products are a combined algicide-flocculant. See GreenKleer, an economical and highly effective non-foaming algicide. Immediately kills green algae. See also AquaKleer for pools with cartridge fikters and D.E. filters. Do you have a pool water test kit?

Where smoking is still popular

Check what happened to this poor guy who went to the police to report his father missing. Underwent 17hrs of psychological torture to finally confess to what the police wanted to hear and then the father showed up alive. https://www.cf.org/news/us-man-forced-to-confess-to-killing-father-wins-1-million-lawsuit-his-father-was-alive/