The Cyclist

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

I was never a tax resident between 2009 and 2019, so they can query away to their little hearts content. In addition, I have seen nothing that this new interpretation of the rules starting 01 Jan 2024 is retrospective. It starts, and covers remittances from 01 Jan 2024.

Probably Ricardo, non of my Accounts in Thailand are interest bearing, so I have no idea how that actually works. It was a pointer towards the many people on the thread who have wailed that banks could withhold 15% of remittances, and / or, require people to go and get a TIN starting 01 Jan 2024.

Thankfully, by luck rather than design ( and the wise advice of an older guy ) the bulk of my money was remitted between 2009 and 2019. What will be coming in from the 01 Jan is more than enough to live on and any big ticket items will be gatting paid from the FCA. On that note. My 1st remittance od 2024 will hit my bank on the 03 Jan, it will be interesting to see if the much vaunted 15% withholding tax will be applied or whether I will be instructed to present my butt to the bank with a TIN. I'm guessing neither will happen, which will be sad news for the doomers & gloomers. Sure, some estimates are as high as 200 Billion a year for individuals and at least double that for Corporations

Good job @Mike Lister Clear and concise and should put minds at rest for British State Pensioners. though not too sure how many are living in Thailand solely on the State Pension. Could I respectfully ask you to amend the title to read ' British Expat pensioners ' or you know what is liable to happen.

Sure, the UK also has such a scheme where you can pay a flat rate ( Think it starts at £30k a year ) and goes up incrementally depending on how much your global income is. The current UK PM's wife was a beneficiary of such a scheme until it was outed and caused an uproar. No doubt Thailand would also adopt such a scheme.

That potentially would be a whole new ball game, although I am not sure how it would work. Would it mean I would no longer be taxed in the UK, but taxed in Thailand instead ? So I would certainly not fret about Thailand moving to a worldwide tax regime, until I saw the details and nailed down the implications I think people have to bear in mind, this is not about double taxing people, it is about closing loopholes that people have used to avoid paying tax.

If you have an issue with the estimate, take your expert opinion to the Guardian, who are quoting both the Port of Dover and Eurotunnel and express in the strongest terms your utter disgust at the false information being peddled. No point in barking at me, I couldn't give a ( deleted ).

I think that the wording used was " People from a Country with a DTA will be exempt ". The 2 ways that I read that are. 1. A blanket exemption if you are a passport holder of a Country with a DTA will be exempt ( But I wouldn't be surprised if people were invited to explain their remittances ) No need to do anything unless summonsed. 2. Get a TIN and annually tax file using the brand spanking new, being prepared paperwork specifically for income covered by DTA's. I wrote a detailed post last week on this very thing. By limiting my remittance to my Government pension, I will pay somewhere between Zero and a maximum of 80,000 baht. An Emirates return flight alone would cost IRO 50,000 baht A hire car for 6 months would cost IRO 200,000 baht I haven't even bought a pint of milk and a loaf of bread and I would be down somewhere IRO 170,000 baht. Bouncing around SE Asia for 6 months is also going to cost a good bit more than a maximum of 80,000 Baht.

Did you read the part I quoted from the article that you linked ? Best get onto the Guardian and express your displeasure that they are peddling false information, as in your opinion it will take much longer.

@whiteman Have a read at this from Page 63, New Zealand specific Entirely possible to have a tax free pension in NZ, how that would play out in another Country, Thailand for instance, is a kind of throw the bones in the air and see how they land guess.

Ohhhhh, the humanity. How dare the EU use biometrics in t his day age and age What world do these people inhabit when up to 10 minutes is classed as a significant delay.

C'mon then Mr Tax Expert Please enlighten all the British readers / posters how they can avoid UK Tax on their Pensions Rental income UK based earnings Interest on Savings. You will manage at a stroke to solve an issue that I have spent the best part of 20 years tryng to solve, with the assistance and advice of various. Tax Experts and accountants. You must be a really special person, special in the window licker sense of the word.