Everything posted by The Cyclist
-
Payment of income tax under Section 41, paragraph two of the Revenue Code
Not sure why you are firing a wiki article about unintended consequences at me for. I know what unintended consequences are. I also know that this new interpretation of the rules is OECD led and is designed to stop people using loopholes that means that they avoid paying tax. In general it is not going to affect people who are already paying tax on incomes remitted to Thailand after 01 Jan 2024. Nor will it affect people who are covered by a DTA, other than perhaps getting off their asses and 1. Getting a TIN. 2 Filing an annual Nil tax return.
-
Having problem with ex showing up at my home making a disturbance, constant phone calls etc
Kenny, I believe that you are looking for excuses to do nothing rather than take action. I send you the best wishes in the world, but if your ex really is as batsh1t crazy as you make out, rev up and ( deleted ) off before serious harm comes to you, or more even more importantly, the child. The childs welfare and well being should come before any ridiculous excuse that it is too difficult to move somewhere else. Just seen the above, after 5 years I think that any advice is wasted.
-
Driving Licence Renewal - Can I do it any DLT office?
Sorry, cannot help you with that one. I renewed mine at a different DLT office from where it was issued. But I had moved permanently to the new Province. I cannot even remember if I needed any other paperwork beyond a fit to drive letter, Driving Licence and Passport. Might be helpful to find out what paperwork the DLT office you intend using requires.
-
Payment of income tax under Section 41, paragraph two of the Revenue Code
Do you think that the above could possibly pertain to the loopholes that they are currently trying to close. And is nothing whatsoever to do with income remitted to Thailand from 01 Jan 2024 that has already been taxed in the source Country ? This is not an exercise in trying to catch people who have already paid tax. It is an exercise to catch people who are not paying tax.
-
UK Double Taxation agreement with Thailand? How to prove Wise transfers are UK pension payments?
In the UK, every single person has a Personal tax allowance of ( currently ) £12,570. Below £12,570 you pay no tax on earnings. Above £12,570 a year income you pay income tax. It matters not a jot where that income comes from, pensions, employment, or any other that you care to mention. If it is what is known as UK derived income, above the Personal Tax Allowance, you will pay tax in the UK until the day you die. For example Government Pension = 18,000 Private Pension = 21,000 Total = 39,000 Minus PTA = 12,570 Taxable income = 26,430 @ 20%. Tax = £5,300 in tax. Add a State Pension to that @ £11,O00 and the figures rise. Tax payable until the day you die.
-
Payment of income tax under Section 41, paragraph two of the Revenue Code
That comment comes from the original declaration from the Thai RD. So it is hardly a generalised opinion. I have told you and others ( IMO ) income that has been taxed in your home Country is very unlikely to be subject to Thai tax. The only people ( IMO ) that is going to smacked in the goolies are people who have ( by means legal and by using loopholes ) avoided paying taxes. No pensions haven't been mentioned because It again focus's on the initial 3 things mentioned in the original RD announcement * Employment * Business * Other Assets You do fully understand the meaning of this ? Stuff that has already been taxed will be exempt for those that come from a Country that has a DTA with Thailand.
-
Payment of income tax under Section 41, paragraph two of the Revenue Code
Did you miss this part of the original announcement ? Any chance that you could calm down to a panic. The only people who are going to get caught up in unintended consequences are people who have not been paying the correct taxes that they should have been paying
-
Taxation of Ex-Pats pensions etc.
The UK State Pension is not tax exempt. For most people the UK State Pension falls below the PTA allowance of £12570 and is therefore not taxed. If you have other income / Pension that takes you above the £12570 threshold then it does become taxable.
-
Where to get 2-burner table top & 15kg tank cheap?
2000 baht deposit on the bottle and 500 baht for the gas. You get the deposit back when you give the bottle back. Or exchange for a refill at around 500 baht.
-
Taxation of Ex-Pats pensions etc.
I think this part of the original announcement is what should concern most people Until such times as the Thai Gov / RD say otherwise. To my way of thinking, this says at least 2 things. 1. DTA's will be honoured. 2. Income over and above that which is stipulated in DTA's will also be exempt if it has already been taxed in the other DTA Country.
-
UK Double Taxation agreement with Thailand? How to prove Wise transfers are UK pension payments?
No I mean when you retire in the UK and you have income above £12570 a year then that income is taxed, which includes pensions, part time work, investments or any other manner of income that is derived in the UK. Taxed till the day you die even if you live overseas.
-
UK Double Taxation agreement with Thailand? How to prove Wise transfers are UK pension payments?
Well you thought wrong ( UK ) no idea about other Countries.
-
UK Double Taxation agreement with Thailand? How to prove Wise transfers are UK pension payments?
Why would anyone pay Thai income tax on money that has already been taxed in their home Country. That argument would hold up if there was a method / option of not paying tax in your home Country and paying tax in Thailand instead. For someone on Baht 30,000 a month, that Thai tax might be nil or peanuts, but that nil / peanuts figure does not apply tp everyone.
-
UK Double Taxation agreement with Thailand? How to prove Wise transfers are UK pension payments?
Up to you as the Thais are fond of saying. I would rather change banking details and the small amount of effort that goes into that, than potentially have a much bigger discussion with the Thai tax authority. Your pension, you make the decision on what you think is best for you.
-
UK Double Taxation agreement with Thailand? How to prove Wise transfers are UK pension payments?
Get your pension paid direct to a Thai bank and your P60's sent to your Thai address and save yourself a lot of potential hassle. Or do nothing and wait and see what happens next year, when things hopefully become clearer.
-
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
You have a detailed breakdown of ' How is it all going to work ' ? Then you should post it up here for everyone to read, digest and understand. Are you having some difficulties ? I never said a DTA makes you tax exempt, I never said anything, I posted a paragraph from the initial order The Thai Government / RD are free to make whatever exemptions they like as long as those exemptions comply with current DTA's. The above statement seems to indicate that the Thai Gov / RD are actually going to go above and beyond the scope detailed in DTA's, by extending the scope of a DTA to cover any income that has already been taxed, rather than than only income specified in the DTA. Certainly in the case of the UK - Thai DTA and I am not really interested in any other Countries - Thai DTA. Put your thinking head on, rather than your chicken little head. The rest of your comment is unfounded speculation that isn't even worth reading.
-
Facing financial challenges for the aged
Luxury only having a 5 or 6 hour wait compared to the UK. Nearly 8 million have been waiting weeks, months and years in the UK. That is one hellava £200 Billion joke.
-
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
141 pages and 4200 posts in to this thread and this needs reposted Printed on the very day that the initial announcement was made. If you are from a Country that has a DTA with Thailand, you will be exempt if that income has already been taxed in your home Country. Possibly why I wasn't slapped in handcuffs and my gonads wired to a 12 volt battery, and interrogated about TIN's and filing tax returns last Friday, both at the bank and immigration.
-
Taxation of Ex-Pats pensions etc.
This needs repeating for the benefit of the doomers & gloomers
-
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
I have no idea why you have a fear of something that is nothing more than a rumour, probably started in this very thread. If I have to file a tax return for tax year 2024 - 25 I wii do so. Until clarity is gained, the only income I will be remitting to Thailand after 01 Jan will be my Government Pension ( Covered by a DTA ) taking precautionary measures. This thread is full of unfounded half truths and rumours all the way up to downright lies. No idea what these people are trying to achieve, other than making themselves out to be complete throbbers.
-
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
You just did I make no apologies if straight talking and calling out your horse manure comes across as uncivil jibes and foul language. That says more about you than it does about me. I gave you an opportunity to prove me wrong . And I see nothing in the quote below that is either uncivil or foul language. It is a pretty straightforward question. Every single reader / poster on this thread should be given access to the information that you supposedly have that no-one else has.
-
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
You are missing the lets get hysterical gene
-
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
As ' The new interpretation of the rule ' is effective from 01 Jan 2024 could you please explain how anything prior to 01 Jan 2024 will definitely be affected ? Could you come up with an explanation backed up with something direct from the RD or stop spreading horse manure. A little reminder " Income remitted to Thailand after the 01 Jan 2024 for tax residents may be assessable and liable for taxation " Subject to Legal challenges, DTA's, furthr announcements from the Thai Gov / RD or kicked into touch as being too difficult.
-
Having problem with ex showing up at my home making a disturbance, constant phone calls etc
Why would anyone live like that ? Time to move house and change phone numbers.
-
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
Yet here you are with almost 240 posts of doom and gloom, conjecture and speculation in this thread alone. Amazing