
The Cyclist
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.