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The Cyclist

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Everything posted by The Cyclist

  1. Sure That threshold is 60 / 120 / 220k baht a year. The same amount for Thais and written in black and white in the revenue code. So if you are a Tax Resident of Thailand, remit over those figures after 01 Jan 2024, you need to file a tax return. Take your documentary evidence with you, to show how it is not taxable, or subject to a Tax Credit.
  2. Even more interesting Are Officials from the Revenue Department lying About an hour old and simple to understand. And I think that now backs up everything that I have previously said. Think that now leaves us with the last strawman standing " Where do you put this on the Tax Forms "
  3. Nice rant by Benjamin Hart Has he caught wind of Tax Clearance Certificates making a comeback ? Posed as a question, for the people that think I am dishing out tax advice.
  4. He explained why it was assessable income. If you have assessable income, you require a TIN, and you should file. That does not mean that the assessable income will be taxed. Again, if you are unhappy with explanation given, best phone him, tell him he is wrong and that you are going to report him to the relevant authorities.
  5. And yet again the howls of " but what about the tax forms not having X, Y or Z " I'm fairly certain that the RD said amended or updated paperwork would be making an appearance at some stage.
  6. Why should I, when this Thai Tax Consultant says otherwise US SS ( US has exclusive taxing rights ) It is assessable income, if you are a Tax Resident, and you remit it in the year that it is earned. We all know what we should do with assessable income, don't we boys and girls. However it is not taxable due to the DTA and the US having exclusive taxing rights. Extrapolate that across every type of Income where the source Country has exclusive taxing rights. https://www.youtube.com/watch?v=4mNdXpvY1GQ If you have an issue with what the Thai Tax Consultant is saying, you best take it up with the appropriate authorities. And just so that you aware, the strawclutchers who are terrified of tax filing, have not debunked anything I have said.
  7. 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.
  8. Apart from the desperation in clutching straws as to why someone should not file a tax return.
  9. 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
  10. 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.
  11. 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.
  12. Rage away and keep believing. Not me that is potentially going to be bitten on the ****.
  13. " 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.
  14. 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.
  15. Saved for posterity You wont be the last to change your mind.
  16. 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.
  17. 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.
  18. 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.
  19. 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.
  20. Could you list you tax qualifications and the Office that you work for ? If not, your nothing but an internet pixel
  21. How many of those apply to retired Pensioners, who make up the majority of these threads.
  22. 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.
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