
Mike Lister
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Everything posted by Mike Lister
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Thailand’s revamped tax system promises economic boost
Mike Lister replied to webfact's topic in Thailand News
Nonesence -
Tourists increase spending in Thailand despite soaring airfares
Mike Lister replied to snoop1130's topic in Thailand News
I don't think inflation is off the charts at all but I do think some increased prices following covid have been sticky. https://www.bot.or.th/content/dam/bot/documents/en/our-roles/monetary-policy/mpc-publication/monetary-policy-report/MPR_2023_Q4.pdf -
thai nationals and tax returns
Mike Lister replied to STD Warehouse's topic in Jobs, Economy, Banking, Business, Investments
That's exactly the case, I think. Successive governments have ploughed huge amounts into supporting the poor with populist polices over the past two decades, Yingluk almost broke the bank doing that. It's now a major shift that Revenue is expanding the tax net, that hasn't been actively promoted before ever. This is only being pursued because of advancements in technology which make it easier for Revenue to monitor bank accounts and electronic point of sale transactions. It will be interesting to see how this develops but one thing is certain, the 48% of the workforce that exists in the informal (or grey) economy, is in for a shock. -
thai nationals and tax returns
Mike Lister replied to STD Warehouse's topic in Jobs, Economy, Banking, Business, Investments
It's not complicated. A self employed Thai can take a standard deduction and deduct 60% of their cost of sales which means only 40% is assessible to tax. By the time Exemptions and allowances are applied, there's little left to tax. If anyone has heard this before, look away now.....but my wife runs a business this way and makes 50k a month tax free....it';s far too easy and far too generous. -
thai nationals and tax returns
Mike Lister replied to STD Warehouse's topic in Jobs, Economy, Banking, Business, Investments
A person registered as self employed, can make a lot of money without having to pay tax. -
thai nationals and tax returns
Mike Lister replied to STD Warehouse's topic in Jobs, Economy, Banking, Business, Investments
11% are registered for tax, 6% pay tax and only 4% pay tax via a PAYE equivalent. -
thai nationals and tax returns
Mike Lister replied to STD Warehouse's topic in Jobs, Economy, Banking, Business, Investments
It doesn't actually mean to give money back. The term, tax return, means to report back to the Tax Department on the amounts of your income. -
thai nationals and tax returns
Mike Lister replied to STD Warehouse's topic in Jobs, Economy, Banking, Business, Investments
Even without the creative accounting, it's a simple matter for most people to earn 50k per month and pay no tax, such are the allowances etc. -
thai nationals and tax returns
Mike Lister replied to STD Warehouse's topic in Jobs, Economy, Banking, Business, Investments
You seem not to understand. Nobody is intentionally going after foreigners for tax. Foreigners were always required to file tax returns here, if they met the criteria and many did, especially anyone using the income method for their visa. They have been given a pass until now but only as a result of changes to the rule affecting tax returns by locals, rather than tax returns by foreigners. As for earning enough money to file a return and pay tax. The tax rules allow Thai people to work as self employed, which have very generous deductions and allowances. It's easily possible for them to earn 1 million baht per year in sales and net a monthly income of 50k baht, without paying any tax, legally. Foreigners aren't allowed to do that because they may not work, without a work permit. -
MODERATOR's NOTICE. Here's the way it works, in this and every other thread: If you break the rules for the first or second time and even then, only a little bit, you may get a polite unofficial PM, suggesting you change your style. If you continue to break the rules or you break them significantly, you will be officially warned. If you seriously break the rules and refuse to calm down, you go on holiday. It doesn't matter if you're left or right, black or white, baptist or Methodist, we don't care, all that matters is that you follow the rules.
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2 Russian women arrested for providing sex services in Phuket
Mike Lister replied to webfact's topic in Phuket News
An obscene post has been removed. -
Reason why cannabis is going to be banned again
Mike Lister replied to Jayaroi's topic in Thailand Cannabis Forum
13. You will not publicly comment on moderation in an open forum. You will not comment on actions taken by individual moderators or on specific or general policies and issues. -
Reason why cannabis is going to be banned again
Mike Lister replied to Jayaroi's topic in Thailand Cannabis Forum
Not when it has a question mark at the end it doesn't! -
Roojai does the same, they send out an agent. https://www.roojai.com/en/terms-and-conditions/30-min-accident-scene-arrival-guarantee/
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Medical Experts Warn Against LSD ‘Death Stamps’
Mike Lister replied to snoop1130's topic in Thailand News
I spent most of the 1970's in California where acid was common place, students took it at Uni., one friend took it regularly whilst sky diving, another took it on night shift whilst watching the freeway camera's for the police department, people took it in all kinds of scenario's. One or two people I knew had bad trips from time to time but nothing significant, I think the composition and manufacture was different back then but who knows. -
Reason why cannabis is going to be banned again
Mike Lister replied to Jayaroi's topic in Thailand Cannabis Forum
Er, a couple of posts removed, mostly impolite name calling stuff. Look, if you can't debate without calling each other names, go away and read something else. And if you hate cannabis that much that you can't debate rationally, go away also. -
Reason why cannabis is going to be banned again
Mike Lister replied to Jayaroi's topic in Thailand Cannabis Forum
A very lose translation, solely for the benefit of the poster who said he didn't know what it meant....no Thai lessons please! Ya - a drug or medicine in Thai Ba - crazy -
No, that's not correct! You must remain in Thailand for a cumulative 180 days per calendar year, in order to become tax resident. Please read the document in the OP, linked below. That means,, any number of individual visits of however many days each you chose, or one visit of a long duration, totalling more than 180 days: