
The Cyclist
Advanced Member-
Posts
1,867 -
Joined
-
Last visited
Content Type
Events
Forums
Downloads
Quizzes
Gallery
Blogs
Everything posted by The Cyclist
-
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.
-
Whats the date on that video. Matey, Ive heard it all before, and just do that you are aware, I was previously informed that I did not have to file my Government Pension. 3 weeks ago I was told different by the RD Office. The Head of the RD Legal Department also said differently, in a video posted yesterday. POR 162 also says differently. As does KPMG As does Siam Legal. And here is an Aus specific one for you https://www.austchamthailand.com/new-rule-for-taxation-of-foreign-income-from-1-jan-2024/
-
Rewatch it. The answer given is still need to file and potentially taxable. * A DTA will make not subject to Thai Tax * Using the Tax Credit system, no tax, or very little tax will be payable. Makes you wonder why they are saying need to file, when they are potentially going to gain very little to nothing in tax revenue. Perhaps, it really is, very little to do with monies raised ( or not ) through tax.
-
And there we go, the where does it go on the tax form strawman makes an appearance. Perhaps on the form that has not been updated / uploaded yet. As I have said previously, I would not be surprised if PND 91 / 92 do not get updated and a whole new form covering overseas income, taxes paid, DTA's is forthcoming. Something similar to a UK SA 106.
-
Yes, I would. The important date is written in 161 / 162 and that important date is 01 Jan 2024. So to take your education a step further POR 161 says Any foreign sourced in brought in from 01 Jan 2024 onwards would be subject to Thai personal Income Tax Por 162 says So savings prior to 01 Jan 2024 would not be subject to Thai personal income tax Everything else, earned from 01 Jan 2024, remitted in 2024, would be subject to Thai personal income tax. And that is where your bank statements, DTA's, Tax Credits, fancy Visa's come into play
-
Really How about all the Americans and their US SS ? How about you and your Canadian Pensions ? I have said my UK Government pension, the UK has exclusive taxation rights. I have also said, that does not exempt me from filing a tax return, as a Thai Tax Resident. This is the part that seems to confuse you.