TroubleandGrumpy

To the Wife - but at the time I told them via phone call and sent them an email - I send 4 large transfers in the year. It was an email and it has been confirmed through login answers and by calling them to confirm.

I think it is a follow on from their recent data breach, but not only has Wise implemented upgraded login authentication processes, they are now demanding details personal and financial information for the last 3 months. Below is the list of things they are asking for and I have confirmed with Wise directly that it is them and it is not a scam. Firstly, I am not going to comply and I will only be sending them basic written answers - not detailed statements and 'proof'. Secondly, IMO this is a stupid thing to do because this will be copied by the scammers. My advice is to think carefully before responding to such a request. Never has a bank or any financial institution ever demanded from me such information. Is this related to the recent income tax changes introduced in Thailand? Maybe - who knows. I will be using another method to send money to Thailand from now on. Could you please send over the following information? Please include as much detail as possible. Let us know how you earned the money to pay for your transfers · A detailed explanation of how you earned the money — this could be your salary, the sale of a property, company, or shares or from inheritance Please send us your bank statements from the account ending in [XXXXX] · They must show transactions from the past 3 months · The latest date on the statement must be today or yesterday Let us know why you’re making payments to xxxxxxxx xxxxxxxxx · A detailed description explaining what the money was used for or the reason for making these transfers · Let us know your relationship to the recipient Upload all your documents here (Wise website).

We all learn something every day. Did you watch Red Dwarf ?? It is always interesting how people reveal themselves to others.

Yes I agree - it may be not as 'trackable' as the bank transactions can be. But the records will be there - and you could be easily aught out if you go that path.

You are not listening Mike. He defined repatriated funds as reported to TRD in terms of money into a Thai bank account. He did not say there was no other ways to bring money into Thailand. He was saying that ATM withdrawals would not be reported to TRD. You are taking exact words and using them out of context. I know what questions he was answering and what he meant - but videos often make things interpretable many ways. Yes Chris should have asked clarifying questions - a lot of times I would have done so and asked him "Did you mean ..........."

Very simple - having a bank account in Thailand and remitting funds into your bank account in Thailand. What you do not realise (think) is that he did not say something like " There are no other ways to incur taxation liabilities in Thailand" (such as bringing in cash). What he is talking about is the remittances of money into Thailand (that are reported by the banks to TRD). Simple. Stop reading into what he said, what you think he means - listen.

IMO they would work out well - if you dont mind the extra charges. Wise is basically a bank with holding and exchange powers. I was also thinking of maybe using Western Union - who are not a bank - and who will pay you the cash at a branch. But when I think about it, the fact is that they will be keeping Passport details - and therefore the question is - will they be reporting to TRD all local payouts?

Tell me about it. Just look at all the rubbish being stated on the income tax threads. There are far too many that are either Thai haters or Thai apologists - the rational informed ones have obviously left. Regarding this sort of question Ubon Joe was great - RIP.

You wouldn't !!

You are wrong - twice. ATM transactions are not reportable - because they do not involve a foreign transaction to a foreign bank account. When a foreign country receives transaction reports, they do not get advised every transaction of every person. They only get advised of foreign transfers to a bank account - not payments made using a credit/debit card. You could be in Australia paying for your holiday to Thailand - TRD does not get information. There is no transaction record of ATM withdrawals with the Thai bank to report to TRD. He did not state that at all regarding bringing cash into Thailand - which is definitely taxable. When you do so you are supposed to declare it - plus when you exchange it they will record your Passport. Yes the chances of being 'caught' are slim, but it is definitely not how to avoid income taxes. However, having said that I know of several Thais that regularly travel to Thailand with cash and give it to the family.

I do.

Another one - are you serious mate - sanctimonious statements like that just prove you are wrong IMO. Or at the least that you will not answer genuine questions - because you dont really know. OK - I will ignore your comments from here on out - please do the same.

George - there are two sides to the debate - both are valid. But the EV supporters are far far more evangelical than ICE supporters.

Ditto - my last post to you.

Check out my posted links. Or wait - are you a woke globalist? You will only believe something that is stated by the UN? You know the UN? An organisation that has corrupt totalitarian dictatorship countries on their Human Rights Committee. It was the UN that stated Covid19 was not transmissible from human to human - because China said so. My point being - what are your 'proof' courses? Because there aint none!! Like many things these days, they have become polar debates - this side versus that - and EVs versus ICE is the same. I dont take either side on this matter - I just take the truth - EVs are a false narrative - their downsides are being downplayed and their upsides are being overplayed. There are 3 groups of people on this issue (like so many issues). EV Supporters, ICE Supporters, and those like me that dont take either side. Sitting hgere on the fence I accasionaly drop down to one sidfe or the other, but mainly I sit on the fence. EV firs are real and are being downplayed. Example - EV supporters who dont say EVs do catch fire and uncontrollably burn with toxic smoke etc but that issue is being resolved and over time they will become extremely safe (probably) - they say 'more ICE vehicles burn'.

Not what I said in your quote - but I hear you and understand. Answer me this - if a USA citizen living in Thailand is a tax resident and sells their house in USA and makes a capital gain, will they be liable to pay income taxes on that capital gain to Thailand. Likewise, if a USA citizen living in Thailand receives a lump sum termination payment in USA, will they be liable to pay income taxes on that amount to Thailand. My understanding is that USA Citizens only pay income taxes to USA on money earned in USA - irrespective of where they are living in the world, and that the USA IRS will ensure they are the ones to receive the income taxes and not the 'other' country. Tax credits can be utilised for sure - but good luck with doing that here. That is not the case in a country like Australia which is a Residence based tax system - if I am a tax resident in Thailand and I sell a house or get a lump sum payment, I am liable to pay income taxes to Thailand - if I bring that money into Thailand anytime (now or future). But if Thailand does adopt a worldwide tax system, then I will be liable to pay income taxes to Thailand, whether I bring that money into Thailand or not. That is what is coming next, if they go ahead with it. If I knew about all this in 2012 I would not have decided to retire to Thailand. The Philippines, Malaysia and Indonesia do not tax the overseas money of retired foreigners living in their country. I would have gone there and visited Thailand - for under 180 days a year. We might end up doing that anyway.

My Thai family members all over Thailand have all said the same thing - the tax officers are not selected for speaking English (unlike Immigration Officers). I recall going into a Provincial Transport Office when needing to change Province for my Thai driving license (got in Chiang Mai where they did speak some English), and no one spoke English. When my wife stepped forward and explained it in Thai they understood. When I asked my Wife to ask them if they knew that the writing on both our Thai licenses was in Thai and English - she just laughed. When I asked her to tell them to take out their Thai ID cards and look at the English words - she laughed even louder. When I started to ask about the car license plates, she told me to 'sut up'.

I do believe that TRD can go back 7 years under the tax laws - but it certainly could be 10. Yes - TRD will be receiving data from the banks automatically - plus they can request more details when investigating someone/thing. Every bank that is required to report international transactions will be automatically sending a list of details to those approved countries that received international transfers from them (monthly, quarterly, 6 monthly, yearly - not sure). And yes - in the future TRD can use AI/Software to search through those lists and collate them according to names/etc. Likewise, banks in Thailand are required to provide similar reports to TRD - which can also be collated etc.

Confession noted. Delusions ignored.

Did that already - here it is again. International taxation - Wikipedia And as a bonus List of countries by tax rates - Wikipedia That is it - I did my research to form my opinions going back to October 2023. Do your own research first - dont just read/watch something that you agree with because that is what you want..

It’s Time To Tell The Truth About Electric Cars - Master Investor

Fire Risks Rise as Electric Vehicles Proliferate - IER (instituteforenergyresearch.org) Focus: Ocean shippers playing catch up to electric vehicle fire risk | Reuters It’s Time To Tell The Truth About Electric Cars - Master Investor

Yes it is/was.

Ahh the Evangelicalist has arrived - definitely time for me to leave.

You read the wikipedia article about countries that tax globally? I will leave it at that - about to have dinner and prefer that to your award 🙂