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Mike Lister

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Everything posted by Mike Lister

  1. Where are you from? The lower end and top end rates for over aged 65 year olds are lower than the UK but the middle band is slightly higher. For a younger persona without TEDA, the difference could be significant.
  2. It's not the RD job to determine anything about those funds, it's yours! You need to do that and to tell them what they are when you file your tax return. Tax residency is determined by spending a cumulative 180 days or more per calendar year in Thailand.
  3. A post critical of the news article was removed, in accordance with forum rules. The news team works hard to find relevant articles to post, their efforts are appreciated.
  4. Expat inflows do nothing for the value of THB, all the movement comes from exports which are in excess of USD22 bill month and which are mostly settled in USD.
  5. I disagree, I think the process is well understood and always has been. The recent change is just to one part of a single rule, everything else remains as it has been for years. May I suggest you read the tax guide that was posted earlier, it will help clarify several points.
  6. Agreed. An English language version of that ruling may better help some. https://sherrings.com/foreign-source-income-personal-tax-thailand.html
  7. Dunno and can't be bothered to do the search and the math. But the tax tables are in the tax guide that has been linked several times, have at it.
  8. As said several times, whether or not that 65k is taxed varies from person to person, based on a number of variables.
  9. You pay for a visa in almost every country, 1,900 is the price you pay here, that's for the visa, not for staying here.
  10. No, it's the date that is stamped in your passport that is used here for tax residency purposes.
  11. Nobody has ever said that your monthly transfer is going to be taxed at source, whether or not it is taxed when a tax return is filed, will vary from person to person, the source of the funds, their DTA etc etc.
  12. A birthday present every year or similar perhaps,
  13. It depends on the amount of the gift and the relationship between the gifter and the receiver, there is a table in the sherrings link posted earlier..
  14. "For a gift received by a person who is NOT an ascendant, decedent or spouse, tax is payable on the amount of the gift, in excess of THB 10 mill."
  15. You may wish to look more closely. https://sherrings.com/gift-tax-law-in-thailand.html
  16. Income earned before 1 January 2024 is not taxable here.
  17. An inflammatory post has been removed.
  18. The right to live here year round.
  19. Whether or not the gift is taxable and the rate, depends on the relationship between the parties involved. https://sherrings.com/gift-tax-law-in-thailand.html
  20. Poster @JimGant will be best placed to advise on this.
  21. Off topic post removed, the subject is in the header, it is not vaccinations!
  22. There are no double standards as far as taxation is concerned, the Thai Revenue Rules don't distinguish between Thais and foreigners. Do you have a plan for where you will retire, will you be going home?
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