Mike Lister

Not true at all, the 150k must be assessable income before a person has to file, if it's exempt income they don't.

These tax threads have been through at least six months of data gathering and hypothesis and we've heard all the opinions and seen all the video's, there's a tax guide linked below that sets out our understanding to date. What we desperately need at this point is fact from meetings such as yours but we've probably all heard enough opinions. https://aseannow.com/topic/1324294-the-simple-tax-guide/?do=findComment&comment=18829674

You simply don't get it, do you! You want a simple definitive yes or no answer to complex questions where you have failed repeatedly to provide all the information detail that was asked for. Please don't ask me any more questions and please read your PM's from two days ago.

Opinion only, please be clear and distinguish between opinion and fact gleaned from meeting with revenue staff

Agree also

Ok, got it, thanks for your opinion.

I was hoping he would tell us. If he doesn't I will regard it as opinion and ignore it.

Bump, ..... answer please

I don't disagree that the things you mention are possible and even probable but are you stating assumption or things you were told by the Revenue?

Frightening, this is going vary massively between offices.

If this were Kansas or anywhere else back home, I would agree.

Just like you assumed the Revenue don't follow up and make people file? 🙂

Well, I was kinda hoping somebody might have said, subject to exemption rules of the DTA, eg, government pensions or whatever else is treaty exempt.

Re. the first part: A more probable model is that it's not enforced for those who filed in the previous year but didn't owe tax but might be so for those that did....you filed and paid tax last year, why didn't you file this year...kinda thing. Re. the second part: I'm trying to interpret the rules the same as many others are here, no more no less. The evidence thus far is the PWC quote you provided which suggests people should file, because that's what the rules state. Am I insistent about people filing? I couldn't give a toss what others do but I do care that they understand what the rules are so they can make informed decisions based on the law, rather than on your guidance that they shouldn't file because the law is silly and not enforceable.

Perhaps, just curious to understand how you know they don't enforce it?

Nobody challenged it, come on guys, it's a test.

Furthermore.....

Rate differentials is only one aspect, foreigners don't want to be holding THB when the government gives away 500 bill to the people because the value of THB will fall.

Bonds can be tricky. I hold them as a counter balance to equities because if you buy the right ones, they can be negatively correlated but you have to buy the right type. There's a link below which is useful in helping figure out which are the right ones. When rates are high, the coupon rate can be worthwhile, the added benefit comes from holding them just as rates are about to fall because that means the face value increases. I've been holding Vanguards Global Bond Index for none months, waiting for rates to fall, in the meantime I'm collecting around 5%. That's not much unless it's measured on a risk return adjusted basis which definitely makes it worth investing 15%. https://www.morningstar.com/portfolios/which-bonds-provide-biggest-diversification-benefit?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_improvingfinances&utm_content=52991

For the sake of an easy to understand example: What about the extreme case of a UK person who earns GBP 12,749 Pounds in the UK, all of which is not taxable in the UK but they file a UK self assessment regardless. When those funds are remitted to TH, the remitters TEDA are limited to THB 60k Personal Care Allowance plus the 150k zero rated band, which (at 45) totals THB 210k or 4.6K Pounds. That means 12,749 - 4,666 Pounds are liable to Thai tax, THB 363,700, 150k @ 5% and 213,700 @ 10% . Agreed also?

I don't know, Fidelity funds are always pricey hence they are a rare buy for me, I'm only a poor guy. 😞

Nothing whatsoever to do with Pound Baht, try looking at Pound Dollar, look familiar! https://www.macrotrends.net/2549/pound-dollar-exchange-rate-historical-chart

FWIW i file some years and don't file in others. Nobody says anything although the TRD used to send me blank return forms just before the start of the following year, like many others I would ignore and discard them. I filed last year which resulted in me declining a sub 500 baht refund, it just wasn't worth the hassle plus I like the idea that gesture is on my record.

Sorry, I don't mean argument as in arguing, I mean argument as in my meaning. And yes, I think 36.69 must a support level for the pair because it keeps returning to that point.

Anything more than ten lines, aint getting read, even if it's from the Director of the TRD.