ukrules

All this over a million Baht, it's like the peasants arguing over chickens.

3 hours ago, dinga said:

has Carden done similar and has he reported the results?

According to the video yes, the Thai woman sitting next to him is one of the accountants who works at his company and they've been directly talking to the RD for a year about this kind of thing.

Ignore Carden himself, consider him the mouthpiece here, the bunch of Thai tax accountants he has working for his company are the ones providing the information - he's just communicating it in plain English.

2 hours ago, DonniePeverley said:

Dubai makes billions from tourism and avoids any issues.

Apart from all those arrested for having sex, kissing in public and smuggling cocaine sure - there's no crime in Dubai

3 hours ago, dinga said:

Agree - UKRULES interpretation is nonsense.  The Thai Revenue Code does treat foreigners and Thai citizens equally  ie.  Social Security payments made under Thai law are consistently treated regardless of the status of the recipient. 

 

There is ZERO implied 'equivalence' of social security payments made by other countries.   

Not my interpretation but from the youtube video - so you're going out on a limb here and saying that Carden from AITA and his Thai accountant colleague are talking nonsense?

Interesting, how do they get away with such lies if this is the case? And why would they?

11 hours ago, save the frogs said:

I feel sorry for the Thais having to deal with all these violent drugged out psycho foreign idiots.

 

Well if you want to reap the billions every year from mass tourism it's a simple fact that some of the dregs of society will come and do what they do best - make problems.

3 hours ago, Dogmatix said:

This is, of course, totally at variance with the RD interpretation of Thai SS pensions being not derived from employment and therefore not assessable

That's where the 'equal treatment' part kicks in and it may be dependent on double taxation agreements specifying that foreigners be treated in the same way as Thai citizens when it comes to Thai law.

The relevant part of the Revenue code is Section 42, sub section 25 :

Quote

Section 42: The following incomes shall be exempt from income tax:

(25) Compensatory benefits received from the Social Security Fund under the law governing social security.

So if they don't tax Thais on it and there's an 'equality' clause in the DTA then if foreigners are treated the same as Thais as explained in the video I linked above - all pensions from countries where this equality is guaranteed in the DTA should have the very same law applied.

I spelled it out here as the specific section / sub section is buried deep in the video and I know hardly anyone will watch it.

In the video he speaks about 'non discrimination clauses' in the DTAs

This is from the youtube transcript :
 

Quote

non-discrimination clause I mentioned earlier Non-discrimination means that that the individual has to be treated the same as if he's a Thai citizen here and the income types have to be treated the same.

So like in the UK the old age pension is a social security equivalent Therefore while it's not specifically said in the in the UK Thailand tax treaty that's not that that's taxable only in the in the UK Thailand does not tax it by its law so unless they change that law they still have to treat it as social security here and it should not be taxable here.....

He then goes on to talk about 'sending it up the chain' inside the Revenue Department - I really think he's onto something here.

You know it's generally empty in there this time of year right?

17 minutes ago, ricklev said:

Will the 199 baht get rid of that annoying fixed arrow on the right side of the screen?

That arrow is useful as sometimes it goes to the bottom of the page and it's easier to click that than press the 'Home' key to scroll to the top.

36 minutes ago, NoDisplayName said:

I don't believe that will fly.

Well I'd speak to an accountant about that if it affected me just in case.

8 hours ago, Srikcir said:

Applies regardless of any visa currently held including any re-entry pass. Long Term Resident visa included according to BOI. Even though the form is formated as a visitor (the term "visitor" is mentioned in TDAC videos and articles) to Thailand, your country of residence cannot be Thailand and form requires information for departure from Thailand back to your origin country as if the trip to Thailand is part of a round trip. 

Hopefully there will be further refinement in the form.

 

I'm quite fond of one way flights these days. I have the visas for this in each country I visit including Thailand.

There is no return flight - I'll book one when I decide to travel which might be a few weeks prior to departure and I'll stay as long as I want each time I come which could be a few days, months or even years.

A lot of people don't have a fixed or even any specific schedule when they travel.

As much as I don't like Blair - he's right - Trumps new minimum rate is 10% and that's what he's chosen for the UK

The morons in charge should thank him and move on because it could be a lot worse.

There is now a massive economic advantage for the UK, for the time being.

I doubt this will last that long and consider the whole thing to be transitory.

12 minutes ago, NoDisplayName said:

Thailand doesn't tax THAI social security.

Indeed, which means they can not tax any other form of social security, Thai, foreign, whatever as it would be a breach of 'non discrimination' - that's the argument being put forward as far as I understand it.

It's a new angle and that's the first time I heard it, will be interesting if it plays out.

We already know some people have been turned away from filing tax returns, even when they tried multiple times - because they submitted pension income - which they thought would trigger taxation - perhaps this is the reason why.

I guess we will all know for sure in a year or two.

What happened to dumping the fuel in an emergency situation - don't they do that any more?

2 minutes ago, NoDisplayName said:

 

Don't think it matters........Thai or foreigner, as it's foreign-sourced income.

 

Thais don't pay tax on capital gains from stock or fund sales, unless from foreign stocks, and I do believe taxed as ordinary income.

This would apply to pensions only of course - he specifically speaks about pensions like the UK 'old age pension' - not a 'government pension' from being a pimms quaffing whitehall type civil servant (as exampted by the treaty, of course - these are the very people who negotiated the treaty and they exempted themselves) but the basic pension which most people seem to get which is essentially 'social security' and Thailand doesn't tax that for Thais so they can't tax it for foreigners because it would be discriminatory, now a DTA may come into play with a non discrimination clause - but maybe not - because if the Thais are not taxed on it then they can't just go ahead and tax the foreigner for whatever made up reason they want to.

This is the first time I've heard this argument presented by Carden and his team. His employee (the Thai accountant woman in the video) has been talking to the revenue department about it for a long time according to the video. Seems legit to me. Anyway I have no pension but I figured I'd mention it here because I know a lot you guys do.....and I like to think many people can avoid this completely

If I were a Thai tax resident I would speak to the one of the many Thai accountants who works at his company.
 

2 hours ago, NoDisplayName said:

 

I would assume anyone from any of the 138 countries with which Thailand does NOT have a DTA would be liable for pension money brought in, with no offsetting tax credit available.

Perhaps, apparently according to some video I watched foreigners must be treated the same way Thais are treated and apparently Thais are not taxed on 'social security' - which is an often mistranslated term.

Are Thais taxed on pension income ?

The dude in the video seemed to think not and said this also applies to foreigners, perhaps this explains why some people have been told they don't have to pay anything while others have to pay something.

Anyway - it's Carden from AITA and here's the video at the exact part where he begins to discuss this equality thing : 
 

Is it accurate - who knows?

3 hours ago, BangkokReady said:

Thai people actually care a lot about how Thai rice is perceived around the world.  Not having the best rice and not being a major rice exporter will definitely cause Thais to lose face.

I know, I'm referring to the ordinary Brit or American moron who's out shopping in Walmart or Tesco, they're going to look at 30 different brands of rice spread across a couple of shelving units and most likely not care about what it is or where it came from - if by some chance they have been buying Thai rice and the price shoots up by 50% they will just choose a different brand and THEY won't care, they won't even think about it for more than a second, there's always something cheaper from somewhere else.

The Thais have already 'lost face' for being called out on their price gouging.

Yeah nobody cares, when out shopping if the price has gone up by 50% they will just switch brand. No big deal.

3 hours ago, redwood1 said:

 

Never heard of a overseas bank wanting a Thai TIN  or even giving a rats azz if you have one or not....

I believe it does happen but you should be able to talk your way out of it depending on circumstances with some banks, especially if it's July or later during the year in question.

Example : Just moved to Thailand at the end of July, opened a bank account (proof of address) - need an Isle of Mann account - don't have a TIN yet as don't qualify for one due to less than 180 days left in the year and won't need to submit a tax return for a year and a half is an acceptable 'excuse' when opening an account.

What happens after the account is opened is different as you've already got your foot in the door. Some banks will be far more strict regarding this than others.

 

5 minutes ago, GammaGlobulin said:

 

What?

 

Do you think that you are the ONLY one who recalls the good old days?

 

Now, let's talk about floppies, why not?

 

But that is a whole different story, even before HDDs were available.

 

Let's hear more.

 

 

This is not a computer hardware lesson, those tariffs will affect the HD market. People have been giving examples of teak wood figurines and maglites as things made in Thailand.

Those are irrelevant, HDs are relevant.