The Cyclist

My FCA opened when i was NR does not pay any interest. I will be doing a round robin of my accounts next week to update passport details and I will be sure to let the banks know that I am now Resident for tax purposes and see what they have to say. Perhaps the FCA will start to pay interest

Or the expert that he claims to be.

My oven and microwave Power switches to the right of the micro & oven above and behind the hot water pot.

Showing your ignorance again. CRS is about clamping down on Tax avoidance / Evasion To do that a Country ( In this case Thailand ) needs to identify anyone who is Resident for Tax Purposes. Why else do you think this thread exists and is full of doom & gloom ? And you claim to be some sort of expert Best get your eyes tested as well, you are seeing things that I have never written.

Thailand joined the Common Reporting Standard ( CRS ) this was set up by the Office of Economic Cooperation and Development ( OECD) If you get bored, knock yourself out https://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/crs-by-jurisdiction/guidance/Jersey-guidance-notes-crs.pdf https://www.oecd.org/tax/automatic-exchange/common-reporting-standard/ The Thai Gov / RD will have to comply with OECD rules and standards. How this will play out in reality is anyones guess. But I will have a stab in the dark that Thailand is not updating the tax filing forms because they are bored and have nothing better to do. I'm hoping that by limiting my income to a pension that is covered by a DTA and only taxable in the UK, this income might not be classed as assessable income, which would negate the need to file a tax return. My head tells me that I will need to get a TIN and file a tax return even though I will have no tax to pay.

This is all about tax avoidance / evasion I dont think the OECD would accept this. This new interpretation of the rules is being instigated by Thailand joining CRS. If it was up to the Thais, nothing would be changing on the 01 Jan 2024 and it would be carry on as before.

Interesting comment You are the person that stick others on ' Blocked ' when they do not agree with you, or the doom & gloom that you have posted on the thread As a retiree in Thailand who is now a tax resident. Here is the only 3 facts that I am absolutely certain of on the 28 Dec 2013. Fact 1 - Something is changing on the 01 Jan 2024. Fact 2 - No idea ( as yet ) how it is going to affect me. Fact 3 - On 01 Jan I will have a hangover from hell. Other than that. I will carry on normal jogging until the Thai Gov / RD make a concrete announcement on how their ' Changes ' are going to be implemented and what I am required to do to comply with their ' Changes '

That will not be true or a fact for those that were not tax residents, or those that remitted income that was covered by a DTA. Plenty of O&G workers ( to name but one ) will have remitted plenty of big bucks whilst never being a tax resident. Why ? The new interpretation is effective from 01 Jan 2024, it is not being applied retrospectively.

My Immigration Office is a mixture of nice, smilie, friendly people and others who have serious faces and work efficiently. By going in person 4 times a year you get to build a bit of a rapport with the staff. What I have never had is any hassle or conflict. I dont have that problem

@jerrymahoney is posting a Sherrings link backing up your

1. It is a simple process 2. Because I have never had a problem with immigration. 3. I do my 90 reports / annual extension in person, nearest Friday to report date and spend Friday and Saturday in a hotel. 4. When I get to an age where it is no longer a pleasant experience, I will probably seek ou t an agent to do the donkey work for me.

If you scroll back about 80 pages, you will see I said, from the 01 Jan 2024 only remit income that is * Covered by a DTA. * Money that you can easily prove has been taxed in your home Country. It wasn't really rocket science To quote @jerrymahoney These are exactly the people that will be under scrutiny.

Perhaps the reason for silence and an unwillingness to provide further updates.

Beans on toast at around 07:30 Slice of yesterdays leftover lemon cheesecake for lunch. Other half is taking me out tonight for dinner.

You have a great innings Gandtee. Invest in a liquidiser and a box of straws and ignore expensive dentures. Merry Xmas.

Seen it reported a couple of days ago. Names taken, asylum application ripped up, stuck on a no-fly to UK list and barred from the UK for life.

I have said repeatedly throughout the thread that a major issue might be proving that * Money remitted is from savings. * It has previously been taxed. His top 5 reasons for leaving Thailand 1. Heat and humidity, so bad that he sometimes cannot leave the house. 2. Conditions 3. Not where I want to live and die 4. Repos have driven the price of his truck down. 5. He is flapping over something that may or may not happen. Each to their own, and that equally applies to everyone on the thread.

I let you know when you can point out where I said any such thing. I specifically mentioned and you quoted it, identifying tax residency. The Common Reporting Standard (CRS) is a global standard for the automatic exchange of financial account information. Developed to combat tax evasion by the Organisation for Economic Co-operation and Development (OECD) at the request of the G20, CRS builds on the US Foreign Account Tax Compliance Act (FATCA). For further information on CRS please refer to the below website: http://www.oecd.org/tax/automatic- exchange// Surely someone of your expertise would gladly acknowledge that one of the methods of combatting tax evasion / avoidance would be to nail down someones tax residency.

I certainly never had any conversations when I extended last month. I wouldn't be too quick to condemn Immigration about this, considering where the original information came from. 2nd hand information at best. As I said previously, my 1st remittance of 2024 will hit my account on the 03 Jan. Be interesting to see if I get an ATM notification to present my @rse to the branch or not.

It doesn't make any sense. The criteria for people to extend is 65k Baht monthly, 800k in a bank account or a combination of both. It is of no concern to Thai Immigration if that 65k is used to pay Thai Tax, buy 200 crates of the finest Chang or a for a daily indulgence in Exotic Dancers. The current ruling is a monthly 65k deposit, not 65k with an additional 5k just incase you need to pay tax.

The Thai RD that act on the instructions of the Govt. Governments in the main do not give a monkeys left testicle for people, other than how much they can screw out of them in tax ( direct & indirect ) and what freebies they will have to throw them in an attempt to get re-elected. We are not much more than tolerated by the Government, why would you expect them to go out of their way to address every single factor that might affect ex-pats. Which this thread shows are infinite and never ending Ahhhh but, but, but, whatabout ( insert your own whatabout ) There is enough information floating around to take the steps neccessary to limit your exposure to Thai income tax. If in doubt, do not remit ( or belt it in every day over the next week )

Something I have said repeatedly. The objective is not to raise a few quid double taxing people, it is to close various loopholes that have been used to avoid paying tax

Would CRS not be a concern to 99.9999% of people who fly under the radar in order to avoid paying tax ? Your second misconception is this Doesn't really matter ' what Thailand wants ' By joining CRS, Thailand will follow the rules and regulations set out by the OECD.

You are on the same page as me on the above. I'm not convinced ( though I could be wrong ) that income covered by a DTA will be classed as " assessable income " My thinking being, that if it is non taxable in Thailand due to a DTA then why would i5 be " Assessable " If you do not have any " assessable income " is there any need / reason to file a rax return. Perhaps the new form will also have a section for income covered by a DTA. Time will tell.

And I am still waiting on an answer on how I can get a NT tax code and pay Zero tax on my Government Pension by filling in a P85 For a Government Pension, a small income and some Interest on savings. Setting up venture capital trusts or enterprise investment is going way beyond filling in a P85 as you previously claimed. Now who is being dumb ? And it never took me 7 days to come up with an answer either, or resort to google