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The Cyclist

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Everything posted by The Cyclist

  1. Strange You appear to have missed this part, I have put it in bold for you. I'm sure it was accidental that you omitted it when you quoted me.
  2. That might be because Singapore only has a small population, where Most Western expats will be in middle to high salary employment. Most Western expats will not be retirees. The number of Western Expats that actually remit foreign income to Singapore is probably miniscule Perhaps tax avoidance is not an issue in Singapore Thailand needs all the help it can get in trying to reach Singapore standards. Which would include sorting out the domestic tax and taxing people who are also avoiding tax.
  3. Just as well it is not designed to extract a pittance from expat retiree pensioners then
  4. ATM transactions leap from an estimated 16 million a day to 16 million an hour
  5. I didn't / couldn't answer it because I have no idea what HK or Singapore currently do. However, a quick google tells me that surprise, surprise, Singapore is also introducing the taxing foreign income from 01 Jan 2024. Amazing
  6. You should have put the refund in your sarcasm meter
  7. Ate the pizza and then used the free organic dental floss. Some people are just too fussy.
  8. Singapore and HK are absolutely nothing to do with the thread. It doesn't really matter what ' you think ' Try reading the links that I previously supplied. Stop looking at the small picture, which is Thailand. The larger picture CRS and the OECD is about closing loopholes that people have been using to avoid paying tax. It is fairly simple, pay tax in the Country where the income originated, or pay tax when that income is remitted to Thailand. Thailand had an option, keep the Status Quo or join the CRS and close loopholes. The Thai powers that be took the option of joining the CRS and the associated rules that came with that.
  9. Then you should also be able to see that " Where there are advantages " there will also be " Disadvantages " The " Disadvantages " are going to fall on people who have been avoiding paying tax due to loopholes. The OECD is made up of 38 Countries that can all offer Thailand assistance with economic co-operation and further development. Thailand gets tax revenue from foreign sourced income where it previously didn't. And all Countries need ever increasing tax revenue, even Thailand. But perhaps it is questions that should be asked of the Government. I doubt anyone held a shotgun to their collective heads forcing them to join the CRS. As I previously said. It is more likely that Thailand wanted to play in the Big Boys Playground, and that means adopting the Big Boys rules.
  10. And that will be the classroom drones that I mentioned in my original comment. They are drones, not teachers. I am not convinced that anything will change within the Thai Education system. Too many people in high places believe / prefer to have a low education population / system, where only the wealthy are able to pay for a better standard of education. It keeps a class system intact. It is a bit of a catch 22 if you are not in a position to pay for a decent education.
  11. Any teacher worth their salary, should know and be able to:- " Promote and maintain the desire to learn " The difference between real teachers and classroom drones. Children are inquisitive little creatures by nature and are a proverbial sponge at soaking up information. Start them early on the correct path and very few will look back.
  12. An excuse or exaggeration ? You really think so ? You can read more here https://www.oecd.org/tax/automatic-exchange/common-reporting-standard/standard-for-automatic-exchange-of-financial-account-information-in-tax-matters-second-edition-9789264267992-en.htm https://www.oecd.org/tax/international-standards-for-automatic-exchange-of-information-in-tax-matters-896d79d1-en.htm https://www.oecd.org/tax/exchange-of-tax-information/oecd-releases-international-exchange-framework-for-crs-related-mandatory-disclosure-rules-updates-xml-schemas-for-exchange-of-crs-cbc-and-tax-ruling-information.htm CRS and OECD go hand in hand. No excuses by the Thai Government or the Thai RD. If Thailand wants to play in the Big Boys Playground, it has to adopt the BIg Boys rules.
  13. It would have been easier and quicker to say who is going to get caught up in this. * People who have been using loopholes to avoid paying taxes. Done and dusted
  14. This new approach is not about raising revenues as such. It is about being a member of the Big Boys Club known as the EOCD. If it was up to Thailand this new approach would not be getting adopted.
  15. No idea about Pattaya, but mine was about 18 months out of date due to the Covid carry on and it got renewed no problem.
  16. I agree that is the most likely scenario, which is why I said But it is not something I am going to lose any sleep over, neither am I making any plans to flee
  17. I wont be doing anything until I hear the details from the original announcement which said something along the lines of " People / Income from Countries with a DTA with Thailand will be exempt " In terms of any paperwork that might be required, my bases are covered with regards to income and tax paid in the UK.
  18. Some people seem to have difficulty in understanding this Which is surprising as the answer is really simple Worst case scenario, I suspect I might need to go get a TIN and file an annual tax return for a lump sum of Baht 00000
  19. Can you explain how you come to the conclusion that I think every Thai motorcyclist must be drunk ? I stated that I have seen drunken Thais on motorcycles in villages at the end of the rice harvest. Therefore it is not beyond the realms of possibility that the person who died, could have been drunk, could have been on a telephone, or could just have not been paying attention. Just because it is not mentioned in the news article, does not mean it could not have happened. All 3 are a common occurance on Thai roads everywhere, not just in villages at the end of the rice harvest.
  20. Yes, I know it is true, that is why I typed it. Yes, of course it is my opinion and not a fact. However my opinion will be a damn sight closer to fact than over a 1000 posts of utter garbage and doom and gloom that has been posted over multiple threads @TroubleandGrumpy being a large contributor to that utter garbage and doom and gloom.
  21. So you personally have never seen the drunken state of some Thais at the end of rice harvest riding motorbikes ? That might be why you think it was an unjustified comment.
  22. Not sure why you are firing a wiki article about unintended consequences at me for. I know what unintended consequences are. I also know that this new interpretation of the rules is OECD led and is designed to stop people using loopholes that means that they avoid paying tax. In general it is not going to affect people who are already paying tax on incomes remitted to Thailand after 01 Jan 2024. Nor will it affect people who are covered by a DTA, other than perhaps getting off their asses and 1. Getting a TIN. 2 Filing an annual Nil tax return.
  23. There wasn't a suggestion, but anyone who has spent any time out in the boonies will know that any of the 3 are distinct possibilities. With a big emphasis on the possibility of being drunk at the end of the rice harvest.
  24. Kenny, I believe that you are looking for excuses to do nothing rather than take action. I send you the best wishes in the world, but if your ex really is as batsh1t crazy as you make out, rev up and ( deleted ) off before serious harm comes to you, or more even more importantly, the child. The childs welfare and well being should come before any ridiculous excuse that it is too difficult to move somewhere else. Just seen the above, after 5 years I think that any advice is wasted.
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