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The Cyclist

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Everything posted by The Cyclist

  1. Cannot say that I have seen anyone giving specific tax advise. I have seen people, including me, giving their opinion on information that is freely available to the public. The Thai Revenue Code. CRS DTA's
  2. This quote ? Very 1st paragraph in the article. It is the double standards that are in play And what is Starmer doing ? Is it somehow different when Socialist / Marxist do the same thing ? Yuman Rites Lawyer and double standards go hand in hand.
  3. I have a feeling that many of the pro EU people, are not old enough to remember the Common Market, or the vote to stay in the Common Market in '75
  4. Wrong The main arguments were 1. A Trading block, morphing by stealth into a Political and Monetary Union. 2. The Free movement of workers that morphed into the free movement of people. 3. A one size fits all, never works anywhere. 4. Democracy. 5 Accountability Should have stopped at Common Market, rather than morphing into a Political and Monetary Union.
  5. Yes, I think that was his name. And yes, it was irresponsible to say that all expats need to get TIN's and file tax returns. Which is obviously complete claptrap. Up to you, as they say. All issues relating to CRS are not rumour. The Royal Act relating to the adoption of CRS was published in March 2023. POR 161 / 162 effectively eliminates a loophole that existed previously, including foreigners, and became effective from 01 Jan 2024. The RD Code is quite specific for anyone who is a tax resident ( 180 days or over ) of Thailand. Cannot speak for anyone else, but the 2 bodies that I will go out my way to avoid conflict with, is Immigration and ( Not limited to Thailand ) a Tax Authority.
  6. Starmer says hold my beer. A Yuman Rites Lawyer meeting the ruler of a Country with an absolutely horrendous record on Yuman Rites issues, begging for cash. Is that incompetence ? Or is it the Socialist / Marxist mantra of ' I have principles, but I will change them like a 2 bob hooker changing her knickers ' for money. The above quote, does not come from any Tory supporting publication. It comes from the rapidly falling out of love with labour Guardian. https://www.theguardian.com/politics/2024/dec/07/starmer-to-meet-saudi-crown-prince-in-push-for-infrastructure-cash If you want any further proof of the media turning against Labour, just tune in to the BBC and have a read of the recently penned articles by Laura ' When are you going to resign PM ' Kuenssberg. Starmers days are numbered. The media are turning against him, the Unions are turning against him, most voters don't want him. If he had a smidgen of intelligence he would see the writing on the wall and resign with a sliver of dignity. He hasn't, and his fingernails will dig tracks in the doorframe of No10 as he is forcibly removed, just like Brown, before him.
  7. For me it is fairly logical. You plan for the worse, by following the rules, which for some will mean getting off their arse, obtaining a TIN and filing a tax return. If the RD then make an announcement along the lines of " People from Countries with a DTA with Thailand need to do nothing " then that is a bonus. The problem with that bonus, is that it is not going to happen, due to the reporting rules of CRS. If someone is from CRS Country and remit money into Thailand, an audit trail will have to be established to ensure that someone is not engaged in tax avoidance / evasion. Which oddly enough, is the main aim of CRS.
  8. Yes, the issue ( for some ) is that they may not be called TIN's in their home Countries The UK for example would be an NI Number and from about 2009 you could also have an UTR, if you self assess for tax.
  9. Mr Hart made a specific video aboutbthe guy who said " All Foreigners need to obtain a TIN " Cannot remember the guys name, but he was an American, that Mr Hart claimed worked for the IRS. Quite a ranty video and worth a watch if you wish to dig it out. Possible semantics, but causing confusion. The Law has not changed, POR 161 / 162 tweaked the meaning of the current Law. The foreigners from 61 Countries who's income is non taxable in Thailand due to DTA's will not be impacted. What % of the expat community this makes up, I have no idea, but like others, I would think it would be above 50%. Impacted, for me is an interesting word. Is getting off your arse once a year to file a tax return, pay no tax, really being impacted ? The small portion of retiree expats that have to get off their arse, file a tax return, and possibly pay some tax, will be impacted. So Mr Hart and all the others, who say that the vast majority of expat pensioners will not be impacted, are absolutely correct. Like you, I would be taking for gospel, what the Revenue Code says about who, and when someone has to file a tax return. Which was explained rather nicely, in the Siam Legal Video above, and countless other videos, produced by various other Tax Consultancies.
  10. You could be correct, but having watched a good few of his videos, I even posted one on 1 of the tax threads, I was never convinced that he understood what CRS was about. @mfd101 appears to be drawing the same conclusion.
  11. What he also seems to struggle with, not just him, but some posters on here, is that Thai tax / Financial laws do not need change, to comply with an International Agreement. Siam Legal are a big Company, who I assume are legitimate.
  12. Apropos to the thread Not only lied on her CV regarding past employment. Falsely claimed public money for filing a tax return. Claimed over £5000 in heating allowance, whilst robbing pensioners of Winter Fuel allowance. Previously had her Commons Credit card suspended / revoked. Just the type of person you need looking after the Nations finances. Yet people still think that Labour will not implode in the very near future. A re-run of the 70's oming soon.
  13. Did you understand the part where I said - Once the effects of the budget have worked there way through the system ? You might also want to have a think about the following Did you understand the part where I said the media, including the Guardian, are now turning against Labour ? Do you understand that the King could cause the dissolution of Parliament ? Do you understand the part where Donald Trump could seriously undermine the Government by refusing to deal with them, dealing with Farage and Truss instead ? So right now a VONC will not happen, it could do in 6 months time, and there are other ways that the Government could be forcefully collapsed.
  14. I never mentioned Laws, I specifically mentioned And if you believe that those 2 points amount to no changes, you crack on.
  15. It is a tempest in a teapot for some people, but a couple of things have changed 1. The Royal Act for CRS was published on 30 March 2023. 2. A new tax policy was implemented on the 01 Jan 2024, regarding tax residency and foreign income remitted to Thailand.
  16. Just my opinion Had you said retired and on a Government Pension ( Or other non taxable in Thailand ) I suspect that would have been the end of the story.
  17. No argument from me, on any of that. I am still firmly of the belief that the fun and games have not even started yet, we are just at the warm up act stage.
  18. Raynor is the darling of the Unions, you heard it here first. Just seen your edit billd I dont think the Cabinet matters either. I would not be surprised ii in about 6 months time, a VONC is called on the current Government. It all depends on how bad things turn once the effects of the Budget works its way through the system.
  19. And he is correct when he says most retirees will not be impacted. Some will need to obtain neither a TIN or file a tax return. Some will need to obtain a TIN, file a tax return, but pay no tax. Some will need to obtain a TIN, file a tax return and pay some tax. His comment was aimed at the un-named individuals who have said that all expats need to obtain a TIN. Which is clearly not the case.
  20. Which is rather amazing, as they had been in opposition for 14 years and had plans ready to go from day one. What we are seeing now, is the difference between 14 years of rabble rousing and actually being in Government. The Tories have a lot to answer for over that 14 year period, but Starmer and his crew, after 5 months is making them look competent.
  21. How do you achieve growth, when you implement a Budget that is the antithesis of growth ? Give it 6 months for the effects to work through the system, then the real fun and games will begin.
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