Everything posted by black tabby12345
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Thailand to tax residents’ foreign income irrespective of remittance
I strongly believe that English-speaking accounting firms are behind this stupid move(new tax things targeting foreigners) In order to capitalize the anxiety among the 1st world expats. After my out-of-curiosity queries sent to 2-3 of such establishments, they were very keen to tell me that they can arrange advisory meeting for THB5000-17000/hour. Even when tax department cannot collect any money from those whose income is already taxed elsewhere, these firms can still at least make a good amount of money by making up a useless self-interested meeting with the worrying aliens in the name of Expert Advice. It might be just one-off occasion per individual. Earlier in the 21st century, Thai govt. started to allow foreigners to buy some of their over-produced condominiums. Due to the pressure from the housing developers(that were suffering the aftermath of late 1990s Asian Currency Crisis). To me, the same thing is happening again in the different field. What other people think about?
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Thai Prime Minister Calls Off Controversial 300-Baht Tourism Fee
The first time he did the things right.
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Thailand to tax residents’ foreign income irrespective of remittance
If that new tax really comes into effect, the real target is the Thai civilian billionaires/ mega Thai companies openly avoiding tax payment elsewhere. Small numbers of LTR holders won't be in the scope in the first place.
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Thailand to tax residents’ foreign income irrespective of remittance
You cannot judge everything in Thailand with the first world standard common sense. Here, they often exercise what is unthinkable to you back home. That is why the joke below makes us laugh and makes sense. Same Same, but Different.
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Thailand to tax residents’ foreign income irrespective of remittance
One common nature of the populist regime worldwide nowdays. Extremely boastful; often love to say more than they can really do. Disregarding their capabilities/legal definition. They mostly do that for their approval rate on SNS. Skip Article is the frequently used tool to serve that purpose.
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Thailand to tax residents’ foreign income irrespective of remittance
Normally thinking, that is the logical conclusion. Unless tax department of Thailand willfully ignores the legal limit(tax agreement). That is why this issue is causing this much confusion and uneasy feeling among ordinary expats in Thailand. Even though the biggest impacted is the rather easy-to-see big fish. Not the small fish hard to find.
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Thailand to tax residents’ foreign income irrespective of remittance
In Feb, when this issue was publicized (as the news in ASEAN NOW), there was a high profile lawyer's comment at the end of the texts. He said that this move will be challenged by the superrich Thais and big companies. In other words, they very well know that they are the primary targets.
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Thailand to tax residents’ foreign income irrespective of remittance
Yes quite. The above 'news' is the typical case of the Skip Article; not telling someone's private comment from the official announcement. If intentional, a dirty trick If unintended, very low info literacy.
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Thailand to tax residents’ foreign income irrespective of remittance
I have heard that even their postal service is not properly functioning in Cambodia. The only secure mail is ems or poste restante. If you direct individual home as the addressee, it usually goes missing. If they cannot deliver mails correctly, investigating foreign income will be a tall order.
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Thailand to tax residents’ foreign income irrespective of remittance
Those commercial entities/billionaires already making a huge amount of profit (openly dodging tax payment) will be the primary targets. Otherwise, they just end up as wasting huge amount of time and labor by the end of any tax years. What is the point of chasing around not-so-affluent foreigners for little or no gain.
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Thailand to tax residents’ foreign income irrespective of remittance
Question: How you are supporting yourself? It is often asked by an ordinary Thais(other than bureaucrats). But I have never been asked by anyone in uniform in Thailand. I have been here nearly 2 decades by now though.
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Thailand to tax residents’ foreign income irrespective of remittance
A massive stimulation in their local economys. ---------------------------- Do you really believe the money from the 'new tax' will be spent for the welfare of the poor in Thailand? Too naive to believe that innocently. Nothing more than another scheme to enrich the already superrich 0.1% of the ruling class. If I am here long enough, can see it naturally.
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Thailand to tax residents’ foreign income irrespective of remittance
The biggest impacted will be global corporation including Thailand's(dodging tax payment skillfully using tax heaven and other legal loopholes). Earlier this year(in Feb when this was first addressed in public), I saw the article that says this proposed change will be strongly challenged by the wealthy Thais and big companies.
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Thailand to tax residents’ foreign income irrespective of remittance
Yesterday, I got a email from the accounting firm I contacted several days ago(out of curiosity). They sent me the link of the original BKK Post article of this same issue. And that sender(tax specialist) also stressed that the article is purely tax chief's private speech. Not a official statement by the tax department of Thailand.
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Thailand to tax residents’ foreign income irrespective of remittance
If your income outside Thailand is already taxed, seemingly no needs to worry about. Many of the first world countries have tax agreement(not to tax on one same income more than once). The only and major concern is, Thailand might try to tax already-taxed money again by mistake/on purpose.
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Thailand to tax residents’ foreign income irrespective of remittance
I already read it yesterday. The accounting firm I contacted out of curiosity several days ago kindly sent me the link with that news.
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Thailand to tax residents’ foreign income irrespective of remittance
Are they planning to establish a new wing of the government? Department of Men in Black. Intended to investigate every 1st world alien's out space assets and income.
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Thailand to tax residents’ foreign income irrespective of remittance
I am quite sure they certainly have no such resources or manpower to do that. Unless they can fetch and torture every single innocent alien here brutally. "Tell us all about your income outside our kingdom. Or your pain persists even longer..." Land of the smile will rapidly turn into the state of another North Korea with the tropical climate. Certainly bad for this country's reputation as the major tourist destination.
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Thailand to tax residents’ foreign income irrespective of remittance
..expand the tax base by requiring platforms with an income of 1 billion baht or more to report their sources of income. ------------------------------ It means he is not interested in anyone's foreign income less than 1B THB/year. Seemingly targeting mega corporation/super-super rich individuals. What make you guys worry so much? Any of the readers/posters here earns that much money each year I certainly don't LOL. This stupid article is another form of Click Bait; trying to draw readers' attention with the scary headline. Nothing more than that.
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Pattaya’s persistent peddlers: Foreign flower sellers annoy tourists
positioning themselves strategically along bustling tourist hotspots. Looks like the best line in this article. And it shows they are well-organized by those behind the scene. In some countries(might include Thailand), there are underground shops that rent out baby for the female beggars. So they can earn more by buying sympathy from the passers-by.
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Pattaya’s persistent peddlers: Foreign flower sellers annoy tourists
I have seen exactly the same scene in Thai-Burmese border(Tachilek) nearly 2 decades ago. Dirty little hill tribe boy in worn clothing begged money to the westerners passing by on the border bridge. When one old man gave some, he was then surrounded by 10-20 of such. And he looked like panicked. So I refused to give money when another similar one asked for a change. Even though I often give 10 B to the beggar sitting roadside elsewhere.
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Thai CBD market stands to lose THB 10bn
What a deceptive title. I thought CBD stands for Central Business District LOL. Hardly imagined it is something about cannabis.
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Suvarnabhumi Airport still stamps 30 days instead of 60 days
The Cabinet(supposedly the government) declared the change as of June 1 this year. But the actual bureau is not ordered to do so. Another common event in the land of Same Same, but different.
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French Expat Rescues Two Men from Drowning in Lopburi
He is the credit to western expats in Thailand. Long live the good man.
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Suvarnabhumi Airport still stamps 30 days instead of 60 days
When the government officially announce the change, don't you call it Press Release? Thailand Relaxes Its Visa Program: Longer Stays For Tourists And Digital Nomads (forbes.com) thai government announces visa free stay of 60days from June 1, 2024 - Google Search