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Everything posted by TroubleandGrumpy
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I tend to agree with that position - I doubt they will try to tax retired Expats living in Thailand. But if I am the unlucky guy who gets 'questioned', it would be wise to have at least some idea of what TRD is doing, and be able to at least put a case forward - especially about DTAs. Meanwhile, sorry to say, but I hope it is one of the other guys who gets 'the call/letter' - only if that happens (if it does) will we know the reality of the situation. Although I am optimistic, if this does go ahead, I have no reason to think that the TO in the local TRD Office will be less dogmatic and unchangeable, as the IO in the local Immigration Office. I usually get a 'good one' but there has over the years been a few 'Somchais' who say - 'no, this way to do' - and of course I smile and agree. If I am 'called' by TRD and I decide to attend, I will try to remember that there is only one thing worse than telling a Thai 'Officer' that they are wrong, and that is proving it.
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She turned up at 5.17, knowing his show started at 6pm, and she gave him only 20 minutes. As Brett said - they were clearly trying to 'ice the kicker'. His explanation to Hannity about the illegal immigration issues, completely exposed the lies that she said, and how she deflected and refused to answer his questions.
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It was a terrible campaign mistake driven by desperate measures needed - they even have Obama out haranguing black men to vote for Kamala as the polls show a lot of them aint gonna vote, and many are switching back to Trump. The interview confirmed what the GOP supporters thought about her (and more), and the Dems supporters saw it through rose coloured glasses. But most of those still undecided saw it for what it was - a train wreck. IMO she lost a chunk of the white 'female' vote after that interview. It looks to me like Kamala is causing a lot of white women and black men to not vote this time, and a bunch of them to actually vote for Trump. This is a single term election only - it is a unique election in that there has only been one POTUS who lost Office and then won it back one term later (Cleveland in 1893). Many might not like Trump (he aint 'personable'), but they think Trump for another four years has got to be better than the last 4 years of Biden-Harris. Plus Trump has won over people he lost in 2020, and Kamala has not 'won over' people enough to view her as a suitable person to be POTUS.
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When/if TRD confirms that in its '2024 tax guide' or public statements, that would be very welcome. Because it worries me that they could actually mean that they want to stop people who in one year become a non-resident for tax purposes (<180 days) , and realise all their capital gains in that year, and then bring that money into Thailand in a later year tax free. I would assume then that the <removed> 'argument' would be that the person was a tax resident and deliberately became a non-resident for tax, for the sole purpose of avoiding income taxes. Confusing and interesting.
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Sounds right - and I would certainly think and hope that is what they mean. But has it been confirmed by TRD that it is what we think it is and it cannot be 'interpreted' by Somchai in the local TRD Office another way? And the question then becomes, how can someone who is not a tax resident lodge a tax return in the year they are remitting that money into Thailand. Do they have to lodge an updated return for the year they were a tax resident? Complicated and unclear - same as same is.
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It is OK to be a Dems supporter, but stating that Harris did anything 'masterfully' or 'brilliant' is to deny reality. I find it hard to accept that Biden got 15 million more legitimate votes in 2020 (81 million) than Obama got in 2012 (66 million) - but that is the 'reality'. But I find it unbelievable that anyone would think that Harris did well - she bombed mate - badly. The election, save for some unbelievable disaster, is as good as over.
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I am not so sure that this is the case. PWC issued this 'significant development' on 16 October. Thailand - Individual - Significant developments (pwc.com) Last reviewed - 16 October 2024 On 15 September 2023 and 20 November 2023, The Revenue Department issued No. Paw. 161/2566 and Paw. 162/2566 regarding personal income tax (PIT) for a Thai resident who brings assessable income into Thailand from abroad. This order shall come into force for assessable income brought into Thailand from 1 January 2024 onwards. According to this order: A Thai resident means a person residing in Thailand at one or more times for a period equal to 180 days in any tax (calendar) year. If a Thai resident earns foreign-sourced income in 2024 and brings it into Thailand in the same year or any subsequent year, they will be subject to PIT on that income, regardless of whether they are resident in Thailand at the time. This is obviously the opinion of PWC, and therefore not fact, but if TRD has just released this 'significant development' then that second paragraph is a huge worry for all Expats in Thailand, or thinking of living/working in Thailand in the future. My initial read is that it means even if you bring it into Thailand in 2025 or afterwards, it is taxable income. But it also 'reads' that if you earn any income after 1 January 2024, you are liable to pay income taxes to Thailand if ay anytime in the future you become a tax resident in Thailand. Surely that is not the intention and it is ridiculous that TRD would require any new Expat who becomes a tax resident in Thailand in 2030, to be liable to pay income taxes on any income earned overseas after 1 January 2024. Surely they mean that if you were a tax resident in 2024 and earned money overseas in 2024, but then brought it into Thailand in say 2026 when you were not a Thai tax resident, that money was still taxable income.
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He is more of a 'balanced' Democrat these days. Since Obama he has very much become more willing to criticise the Dems because their policy and direction is very different. But before that he would 'die on a hill' for the Dems - times have certainly changed. IMO he is like Bill Maher and Elon Musk - and so many other 'moderate' liberals. They see that the Dems have gone far too far left - they have been 'taken over' but that radical feminist, and academic, and disgruntled minorities, which was previously their 'core' but was not their main focus - they were more their 'useful idiots' - now they run the Party and introduce their policies. Opening the Border? Remove National Boundaries? Reduce the Border Patrol and take away their powers? Crashing the Oil and Gas industries in the name of 'climate change' and causing huge industry cost increases and therefore prices to rise dramatically??? What were they thunking - and I do mean thunking.
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Yes - but he does answer some questions - like all politicians. It would be unfair to say that Harris handled the 'antagonism' from Fox - she deflected and denied and 'Trumped'. Yes - you guys got Trump on that one - should have shut up about it. It was that viral song meme that did it. But small fish in the big games and scheme of things - like Illegal Immigration, Inflation, Price of Gas, Crime, Biden, Afghanistan, Climate Change Disaster (policy taxes/costs) etc etc etc.
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Cheers - it is my intention to use those Annual Tax Statements if ever called upon by TRD to explain why I have not lodged any tax returns in Thailand. TRD contacting me under the current revised tax rules is extremely unlikely (I would say a snowflake in Hell). However, that becomes a whole new ball game when/if they move to a global tax system, and they decide my Pension and Superannuation is taxable income in Thailand - whether those amounts have already been subjected to Australian Taxation (as per the annual Australian Tax Returns). I believe that both The Philippines and Malaysia (and maybe Indonesia too) have made the money that Retired Expats bring into their countries, fully income tax exempt. Not income from employment (as supposed to be retired), but money brought into the country in the form of Pensions, as well as past earnings and retirement investment returns. But only as long as that money has been subjected to the taxation rules of their home country. I think and hope that Thailand will follow their approach - in which case those annual tax statements will also be very useful. Plus many other reasons I cant even think of now.