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The Cyclist

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Everything posted by The Cyclist

  1. Do I have to say this slowly, so that you understand it ? I am not an expert, I don't claim to be an expert, but I did post this video from A Thai Citizen, who is a Tax Consultant. And as far as I am aware, it it the most up to date video that has been posted. If you have another Tax Consultant that contradicts the above Tax Consultant, feel free to post it. As long as it is more up to date than 3 days ago.
  2. Apart from the desperation in clutching straws as to why someone should not file a tax return.
  3. Hollllleee Christ This is the video posted above, that was posted on youtube a month ago. Since then, about 5 Days ago, I posted another ExpatThai video that featured a tax Professor and a Legal Eagle from the Revenue Department. A Day later I posted another video from Siam Legal. I suggest you watch them in sequence. But since I am here. Did Thailand join CRS by Royal Decree on 31 March 2023 ? How then does Thailand ensure that monies remitted into Thailand are both Tax Compliant ( and by extension, not from illegal activities ) and not engaged in Tax Evasion. If Individuals have no need to report their remitted income, by filing a tax return, showing that it is tax Compliant, not from illegal activity or involved in Tax Evasion ? How does Thailand comply with its reporting under CRS . Bearng in mind, That International Agreements, take precedence over Domestic Policy. Cannot be done, unless Tax Residents file a tax return and show their paperwork / Evidence that the money is legal, Tax Compliant and is not subject to Thai Tax
  4. Thanks for your concern. They are in a Thai FCA and I have no need to remit them, they are already here. My Uk stuff, stays in the UK.
  5. The updated video from last week with the Professor and the Legal Eagle from the RD needs to be watched. I posted it on here. 3 times Carl Turner asked about about this, especially the so called non assessable income like US SS, and 3 times it was given a stiff ignoring, by the Professor and the RD Legal guy. Never directly answered once.
  6. Rage away and keep believing. Not me that is potentially going to be bitten on the ****.
  7. " Can be tax exempt " It does not say filing exempt I have never questioned that there is a heap of Incomes that are tax exempt. I have questioned where this filing exempt comes from.
  8. Are you one of those newly minted Brits ? They are easily spotted. Devoid of the nuances of the English language, especially when it comes to humour and irony. Signed A Brit.
  9. Saved for posterity You wont be the last to change your mind.
  10. Crack on and believe what you want. Do you think that there might be a reason that no announcement has been made that changes do not apply or affect expats ? Or these changes only apply to Thais ? Or a simple statement of " Expats crack on as normal " continue to do what you have done for years. Why announce the changes in English, if it does not affect expats ? As I said back in Nov / Dec 2023, these changes are coming about because Thailand joined CRS, and whilst " Its all Kosher Gov, honest " might apply to Thailands domestic tax rules, it does not apply to the rules of an International Treaty. What you believe to be exempt tax filing is actually exempt paying tax, due to a DTA, or a certain Visa, or because Tax Credits will mean no tax is payable, or savings prior to 01 Jan 2024, or any others that I might have missed.
  11. Sure, just watch this https://www.youtube.com/watch?v=syQXa8gcVfE&lc=UgykEdnmE-jck6NBWml4AaABAg And then see this comment added below. The comment is correct on both points it makes. Tax Resident after 01 Jan 2024, remit income from overseas, the onus is on you as an individual to file a tax return, with the relevant paperwork proving that income is not taxable in Thailand. DTA's. Bank statements proving prior savings. Visa details Anything else that is relevant to proving it is not taxable. Whether the Revenue Department, are currently set up to facilitate this, is a different story. You have a nice day, my day will be spent here, not worrying about tax filing.
  12. Yes, of course it does 😳😳 Income is assessable, if you are a tax resident, it is earned in 2024, remitted to Thailand in 2024. That is what makes it assessable income in Thailand A DTA makes it non taxable in Thailand. But that is too difficult a concept to grasp.
  13. Yes Jingthing, that is not in dispute. What we cannot say at this juncture is that under a DTA there is no need to declare. Yet again, I have to spell out what a DTA is for, exempt taxation, it does not exempt you filing if that is what the Country decrees, if you are a tax resident of that Country. Yeah, I know what we all done for the last 15 years, that does not mean change cannot or will not happen.
  14. Could you list you tax qualifications and the Office that you work for ? If not, your nothing but an internet pixel
  15. How many of those apply to retired Pensioners, who make up the majority of these threads.
  16. I advocate complying ( No matter how much I Agree or disagree with them ) with the rules in Thailand. Not looking for obscure wording to try and avoid those rules.
  17. I believe reality has revealed There are some that are in denial and terrified that they might have to file a tax return Cannot think why, unless they are hiding something, or from something.
  18. Geez, and you are still thick as mince and are nothing more than an internet pixel. Did you phone the Thai guy yet and put him right ? Let me know when you do.
  19. As I have posed videos from the ranty American / Thai guy, the brit guy and the Thai Guy. No, I do not represent, or have any interest in any of them
  20. See post above to gant. It is assessable income - File a tax return. It is not taxable - Due to DTA. A DTA does not exempt / give a free pass / excuse anyone, from complying with a Countries Tax Law. I never said it did. What it does say right at the end of the massive spiel, right before you hit DTA's is And I'm still going with, for taxes to be reduced or exempt, they first need to be declared.
  21. Correct So if its assessable t needs filing Thus IPSO FACTO - Not taxable in Thailand due to DTA. Try and get your head around the fact that something can be both assessable and not taxable. " It's all kosher Guv, honest " isn't going to wash.
  22. Not my assertion its his. US Social Security is assessable income if you are a tax resident, it is issued in 2024 and remitted in 2024. Told you 3 times, phone him and tell him he is wrong. Record the conversation and post it on here when he rips you a new one.
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