
The Cyclist
Advanced Member-
Posts
2,155 -
Joined
-
Last visited
Content Type
Events
Forums
Downloads
Quizzes
Gallery
Blogs
Everything posted by The Cyclist
-
No its not the case, with the exception of possibly some UK pensioners that are surviving only a State Pension. Which oddly enough, is assessable income, but probably falls below the level where tax becomes payable. The other oddity with the UK State Pension ( In the majority of cases ) is that it not taxable in the UK, so there is no tax credit available.
-
Not a law that states " Pensioners " I think the Law states something like " Aquire a TIN within 30 days of having assessable income " Section 41 of the Revenue code applies. Which then directs you to Section 40 for the 8 Categories of " Assessable income. As this leaflet explains https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf
-
Just a guess on my part. The Revenue Code in Thai Language is the " Master Copy and bible " English translations are for information only and in any dispute resolution, the Thai language copy will be the final arbiter. Just like Thai Courts, only Thai language is used. So, I doubt very much that we will ever get a Revenue Official making statements in the English Language. Play safe, tax resident and remit income from 01 Jan 2024, try to file and be guided by your local tax office. Whats the worst that can happen ? You might have to pay a few baht in tax, if you are unlucky. Better than getting dragged over the coals at a later date.
-
950 Sub Postmasters will identify why official Court Records are a pile of crap. That is the 950 that have just been pardoned and are awaiting compensation. All the people involved in the tainted blood scandal will tell you why official records are a pile of crap. The 10's of 1000's involved in the rape gangs scandals will also tell you how official records are a pile of crap. You have never been in the UK, have you ?
-
It is not a major story in Thai news circles, because it does not affect the vast majority of Thai's. It only affects Thai's that remit income into Thailand from overseas. Given that the vast majority of Thais affected are rich, super rich and Politicians, it makes you wonder why Thailand enacted it, in the 1st place. * There will be some Thais outside those 3 that are contracting elsewhere in the World.
-
New video from Benjamin I agree with Benjamin, that Thailand might be better having another look, and it would probably be in Thailands best interest to withdraw from anything OECD. Where I disagree with Mr Hart, Trump withdrawing from the OECD's Global Minimum Taxation, will make any difference to American retiree expats ( Unless they also happen to run a Multinational Company ) OECD's Global Minimum Taxation covers Multinational Companies, not retiree, tax residents of Thailand.
-
I'm making things up. I am posting things that are black and white, not my words, so I cannot be making anything up. What does the 1st part of this latest video say ? https://www.youtube.com/watch?v=mGvznkNy398 Does it not say, if you are a tax resident, earn income in 2024 remit it into Thailand in 2024, it is assessable income ? Am I hearing things ? Am I making it up ? For someone who supposedly on an LTR Visa, you appear to be rather vexxed, for something that should not really concern you. Do you file a PND 95 for your fancy visa ? Why would you be arguing that others on a lesser visa have no need to file anything ? Do you think that makes sense ?
-
POR 161 / 162 appears to eliminate individuals evaluating what is assessable income Quite clear ? Good. What is assessable income ? Thai taxpayer includes anyone who is a Thai Tax Resident. It tells you, Assessable income is any income that falls into Section 40 ( 1 ) to 40 ( 8 ) of the Revenue Code. Now we all know that not all income is taxable, which is why we have But all these people are all wrong, and you are correct.
-
Why do you keep having to repeat this ? I have already told you, I am awaiting updated tax Form. If it does not appear by the 28 Feb, I will go at the start of March, with all my paperwork, my trusty interuptor, and the Revenue Office can file for me, or tell me to go away. Either way, I couldn't care less.