Mike Lister

Here ya go, have at it: https://www.bis.org/publ/bppdf/bispap08k.pdf https://www.bot.or.th/content/dam/bot/documents/th/research-and-publications/seminars/symposium/2543/2543paper4.pdf Be warned, there'll be a quiz later.

It's way too early to conclude that will happen and there's no reason any rational logical person thinks it will. Perhaps reign in your negativity a little, you'll live longer.

That seems to be the case, yes.

Outstanding news

That's what my wife says.

No I don't but I do have a related experience which may or may not help. Twenty years ago in Phuket I experienced a bleeding haemorrhoid so I went to the Bangkok Hospital. After a quick inspection I was told I needed surgery and that it could be done in about one hours time. I was duly x-rayed, tested and put on the trolley, wheeled into the OR and placed face down on the table. I was given a spinal which numbed me from the waste down plus I was given some fabulous drugs that took away every care in the world. At some point early on in the proceedings the lower half of the table was folded down which left me laying in an L shape with my naked bum facing the wall. The operation didn't take long and pretty soon I was rolled over onto my back and the trolley wheeled towards the door. I looked around to inspect my surrounding and realised at that point that the back wall of the very large operating theatre was lined with about 20 student nurses that had been brought in to observe a real live operation, and by default my bum! What I can tell you is that the operation was painless and very easy, albeit embarrassing at one point, recovery was three days.

I agree that both halves of the economy, the known and the unknown parts, will likely have moved in tandem. The problem is, when inflation is measured it only uses data from 50% of the economy, price inflation in the other half might be 15% for all we know and judging by some of the quotes for cash in hand work that we've had recently, it probably is.

48% of the economy comprises grey income that is unreported and untaxed. Nobody knows what the true rate of inflation is because it can't be accurately measured.

As has already been stated, the article you cite is a partial rewrite of the article posted previously. The new article does not contain any new information or things that weren't already known and discussed ad infinitum. Clearly, you have not fully read or understood either article because if you had, you would quickly realise that the main points in it concern the legality of the proposed rule rather than anything new and the fact that the rule is likely to be challenged in the courts. It therefore follows that being patient and waiting to see what happens, is almost certainly the right thing to do.

Nobody is absolutely certain at this point because not all the rules are clear plus things will almost certainly change so take what I say next in that context. Currently, any income earned outside Thailand and imported to Thailand during the year it was earned, was taxable and had to be declared. If you filed annual Thai tax return in the past and declared those transfers, everything is fine. BUT, under the new rules, income earned overseas and transferred during any year in which you are resident in Thailand (more than 180 days in any tax year), is taxable. This means it is not possible to escape tax by transferring funds in a the following years. I do not know what the Double Tax Agreement between Oz and Thailand says so there may be something in there that helps you, perhaps others know.

It was perfectly clear several years ago that many foreigners who live in Thailand year round and who reclaimed tax paid on Thai bank account savings interest, were filing false tax declarations by declaring only the Thai bank interest and no other income. This is especially true of those people who used direct deposit to receive their pension payments here in Thailand every month. I'm pretty sure that was obvious to many and that nobody can selectively file the parts of a tax return that they want to and ignore the rest! The problem is, many of those people thought they would be able to get away with that because the RD was backwards and third world and they'll never know. Oh well!

Incorrect! If your Oz pension income is 490,300 baht, you must firstly apply any allowances of deductions to establish the taxable amount,. From that 490,300, deduct 60,000 for a personal allowance and then deduct 190,000 for being over 65 (I presume you are), which leaves 240,300 baht. The first 150k o that is zero rated but the next 90,300 is taxable at 5%, which equals 4,515 baht tax due. If you are married you can deduct a further 60k for your wife, if you have children, a mortgage, health insurance, life insurance or a myriad of other things, you can deduct costs for those things also. Bottom line, 4,515 baht in tax, NOT 27,500.

That's bigger than the province.

It is, very. We were in Nan two weeks ago and I asked my wife they didn't just merge Phrae and Nana into a single province. She looked at me and said, stupid man and walked away!

Sorry, yes, it's 200,000. But where CR city ends and greater CR starts is often not clear hence the number is probably higher for the total built up area. https://en.wikipedia.org/wiki/Chiang_Rai#:~:text=Chiang Rai (Thai%3A เชียงราย%2C,Rai District%2C Chiang Rai Province.

Nan (town), population 22,000 Chiang Rai (city, population 1.1 mill.

Oh no, there goes the heating allowance and the annual increase. :))

@nottin not having a tax ID does not negate your status as a tax resident, nor does it excuse you from filing a return.

Thailand does NOT charge 39% capital gains on the sale of property! Capital Gains in Thailand are charged at personal Income tax rates, this means you pay pay tax on a stepped scale, anywhere from 0% to 30%. If the capital gain was a million baht, the effective tax rate would about 14%.

6% of people pay tax via the equivalent of PAYE, that doesn't mean the rest don't file returns and pay tax, they do, but as a limited company or as self employed. But because average earnings here are so low, many are under the tax threshold.

May I suggest the correct wording is, "may be introduced next year".

Nobody has said or even implied that everything you remit is taxable, stop rumour mongering and making false claims.

The UK State Pension is NOT a government pension, that is something paid to members of the civil service or similar, this has been clarified many times.

Not domiciled and not resident for tax purposes are different things. Anyone can become not resident for tax purpose as long as they spend less than 180 days per tax year in the UK, that mean they will only pay UK tax on income that arises there. Not domiciled is only applicable to people who are not UK citizens.

Whatever you chose to believe is your choice.