The Cyclist

Only Doom & Gloom moonhowlers on the other thread were getting their knickers in a twist claiming that overseas remmitances would be taxed by the receiving bank. The Thai RD can certainly tax income from overseas that lands in a bank account in Thailand.

Just as well that they are not asking, nor has it even been suggested that they will be asking for, or demanding information about foreign bank accounts. ' Rumour, innuendo and lies get halfway round the world before truth gets its knickers on ' Don't book a seat on the escape plane just yet.

No idea what other Countries do. However, when I was previously using an accountant, he sent me an all inclusive Earnings Xxxx Tax payable xxxx Which I doubt would be much good in a discussion with RD if you were trying to fight your corner on what income had been taxed and what income had not been taxed. On that note. Could any of the UK expats claiming the State Pension confirm if the DWP also send you an annual P60, bearing in mind that when I get too that age, and claim it, it will also be skelped for UK tax.

Mine take on average about 7 weeks coming by ' Par Avion '. Sadly no date stamp for posting so cannot confirm how long it actually takes. Sending registered mail back to the UK usually takes about a week, so a bit of a toss up as to where the delay occurs, Thai side or UK side.

Yes I would want to put a humdinger of a holday on my CC and laugh like a lunatic as I maxed it out.

Indeed I always wondered why my pension providers sent me annual P60's all the way out to Thailand 😂😂

I would break them down as Some tall ones Some short ones Some fat ones Some thin ones Some light skinned ones Some dark skinned ones And all the rest somewhere in between. Job Jobbed.

Scratches head 😀😀 I think I might have said a few times on this thread that income taxed in your home Country will probably not be subject to Thai tax ( especially Countries that have a DTA ) The tricky part ( for some ) will be proving that money has been taxed in Home Country before being remitted to Thailand.

I have no idea what the current UK rules are. I am still a resident of the UK, but I am non - dom for tax purposes. The benefit for me is that my overseas income ( O&G ) would not be taxable inthe UK, but income derived in the UK is still taxable in the UK. When I became non-dom the rules were 90 days or less a year in the UK, averaged over 5 years. There was slack in the system. About 2012 the rules changed to a straight 90 days a year or less. What the rules are today I do not know ( or care 😀😀 ) I officially retired in 2019 and no longer have overseas income. Only speculation on my part, but when the muddy waters are cleared, I think that income taxed in your home Country and then remitted to Thailand will not be subject to Thai taxation.

Absolutely no new information in that video. However it did highlight a point I made a couple of times on the thread. " To close a loophole and is mostly aimed at Thais "

Is that not usually called a funeral 😁😁 Wouldn't fancy eating it tho, cows, sheep and pigs on the other hand

I usually have a choice of 3 other systems for drinking, Lotus, Makro or Big C 😂😂

It's not nagativity on their part, people like you, me and others are far too positive in our outlook 🤣🤣

Yes, they have closed a loophole that was being exploited. What is not clear. for ius farangs is if Thailand is going to tax foreign income, in our case, UK income, which has already been taxed by HMRC. So for the time being I will continue to have my Government Pension ( taxed in the UK and covered by a DTA ) remitted to Thailand. Until clarity is gained, I have stopped my Private Pension ( Taxed in the UK, not covered by a DTA ) from being remitted to Thailand. That is my bases covered until the powers that be clarify things and drain the muddy water.

Oiiiii you Don't spoil his Doom & Gloom narrative 🤣🤣

Ohhhh my gawd, I'm absolutely gutted and distraught. Whats wrong petal, not handle people laughing at your speculation.

Actually, I didn't I said $$$ 7 figure income people do not spend $5000 a year travelling to save a bit of money on some tax. Sure it is. How many $$$ 7 figure income people do you know that travel cattle class, rent $ 100 a month apartments and live on noodle soup ?

Everything on this thread is speculation, until such times as the powers that be issue another edict to bring clarity. It would be wise to look at your own personal circumstances and take active steps to mitigate getting rogered by the Thai taxman, rather than speculating on what might be.

Speculation on your part. I bring in via 2 x pensions between baht 115k - 200k a month. No idea how much tax I will have to pay ( if any ) until the powers that be clarify things. So I wont be upping that to baht 2.odd million, I will be reducing it before the 01 Jan ( paperwork already done ) until such times as clarity is gained. Not really rocket science, with the added bous of not having to trawl the internet hunting for cheap travel or fretting about making plans that are a waste of time and effort until clarity is gained.

Nah I was meaning the $$$ 7 digit income people who trawl sites like # cheapflights.com and slum it in cattle class trying to save a few $$$ in tax. Must be fahsands and fahsands of them🤣🤣

Sure Do you really think $$$ 7 digit income people spend $5000 annually travelling to avoid a bit of a tax ? BKK - London 1st class return on Emirates is $5000 in itself, then add on the extras. Now, low $$$ double digit people I could understand slumming it to save a bit on tax.

I think you will find it is pretty normal. I told you, in 15 years here, I have never had a bill less than 1000 Baht, except when I was offshore. Never use aircon during the day, an hour or so at night before hitting the sack in the hotter months. In the colder months none at all. The LHG's family home is the same, 4 hour drive, different Province, anywhere between 2500 - 3500 Baht a month, just the 2 oldies and no a/c whatsoever.

No idea. And the condo block may have had its own tariff. I dont remember as it was about 15 years ago. Latest bill No real change to monthly usage. The spikes into the 700 units was due to visitors. I suspect anyone who is in a house with a 500 baht monthly leccy bill might just be getting skelped with a rather large bill at some stage.

Vietnamese Dong ? Seriously ? US $ 5000 a year travelling. What are they travelling on, an elephant ? A good 2 week holiday including spending money will cost you close to $ 5000 for 2 people.

Between pump to house I also installed a whole house RO filter. Wasn't cheap tho. Probably went overboard and still wouldn't drink the tap water.