ukrules

4) Earnings / capital gains made in a year after 2023 when you were not tax resident and are remitted later or even during the year / years when you are non resident.

I'm still confused as to how this can happen, even if there is a short inside the transformer. For example, my phone is made of plastic and has a glass screen - it's all non conductive, there is no metal at all on the outside of the phone. I guess some of these phones are made from metal? I did a little digging on this - some phones use Steel, Aluminium and Titanium cases, especially Apple phones.

I would assume that they are some of the dumbest humans alive.

I have one real rule, anyone who approaches me is up to no good and I tend to treat them as such. For example, I was at an ATM in Cambodia a few months ago and someone came over to me asking 'where my money is' - this is the woman who was just at the machine before I withdrew about $2000 in cash. She had waited until I used the machine 4 separate times to withdraw $500 and then approached. I looked at her and told her to fqck off and she promptly made her exit. No time for these morons.

Only China owns pandas, they lend them out with strings attached.

Only if you earn the money in a year when you're a tax resident, if that's the case then you are taxed whenever you bring it in.

There's no need to close accounts when you reside for less than 180 days, it's always useful to keep some bank accounts active in different places, you never know when they will come in useful. In fact you can send as much money in these 'off years' as you want with zero liability in Thailand, even if you made the money in the same year as you remit it. So, sell something worth a load of cash in 2024 when you stay less than 180 days and you can remit as much as you want and it doesn't count in Thailand. Of course you may have liabilities in other countries depending on what it is that you sold, and where it and you were when it was sold, etc

lol, just minutes ago I read something suggesting confidence the current government will last until 2027, and now this 🤣

So, we all know this hotel does not value their staff at all, I wonder which 'manager' it was who wrote this review - the 'general manager' or the social media manager..... Now - which hotel was it?

In order to evaluate 'high IQ' among populations you should only look at those who have what is regarded as 'high IQ' Take away everyone with less than 2 standard deviations higher than the norm (~130) and then compare the ratios. Ignoring anyone with lower scores. Good luck with getting access to those figures.

That's how it is right now, there is no formal way to declare foreign earnings on a personal level unless you're an employee in which case it's handled by the employer, if you have your own company then you can do it that way through an accountant. They do plan on changing it, but starting such a system from scratch isn't as easy as they would like it to be. They should start small and introduce it gradually over a number of years otherwise they will go from never having had this type of tax collection to having potentially millions of people in the net who weren't before and that would simply fail to work - hence the postponement.

Well that's what I thought, but it turns out they don't have much, if anything in place for personal income tax at all. See this : https://kpmg.com/kh/en/home/services/tax/person-incom-tax-services.html It's either done through a company or withholding tax and they currently don't accept PIT filings direct from the public. Also capital gains tax has been postponed until the end of 2024 which is ok for me this year. Next year is anyones guess.

Did they issue a decades worth of notice for people approaching 60 years of age like they do in the civilised world when making changed that alter someones entire life?

Indeed, down here in Cambodia things may be changing, they don't currently have a personal income tax filing method - at the moment. They've apparently been promising to introduce something but delayed it over the years, currently delayed until the end of this year so nobody knows what will happen next year right now. My money is on another delay but who knows, or even cares

I went to a local branch of the same optician, I saw the name in the notify emails but I won't mention it here. However my experience was very positive. I want in there to buy a pair of replacement glasses for being short sighted - I see much better at distances when wearing them than when I don't wear them. Anyway, the Mrs picked out a couple of pairs which looked quite nice and they said it was but 1 get 1 free - which is kind of a misnomer as they weren't cheap anyway so I got 2. This was back in about 2021 and they're great, both of them. About 6 months later this particular branch shut down, presumably due to a lack of business. Which sucks as I'll need to take my chances again in the future

In Hua Hin they don't require any paperwork for 90 day report renewals at all, you just take your passport, they scan it then print the paper and put it in the passport. It's been like this at Bluport in Hua Hin for a few years now. They do always ask if anything changed, so I get the impression they would want the paperwork if something has changed.

Which is interesting, are they not interested in the Thai citizens foreign sourced income? Or perhaps this is a special page for known foreigners and they kept it in Thai just to help us out as much as possible,

There it is ^

Interesting, they do appear to have missed out the Elite visa which is a long term visa, I suspect in error. I would be very careful about selling anything on a Thai exchange as any profits I suspect would be considered 'earnings' inside Thailand vs outside the country.

Because you were late doing it weren't you? You know you don't need to do these 90 day reports in person, you can send anyone to sit there and do it on your behalf.

No, I have no experience with them.

Yes, for sure. I sold all my assets this year, a year of non residency. I may repurchase some of them, haven't really made the decision yet.

To me it means if you were tax resident in 2024 and earned foreign sourced income but remitted zero and then became non resident in 2025 and even subsequent years and at some point remit some or all of it they will tax you in the year of remittance regardless of whether you are a tax resident during the year the year of remittance which would obviously be a future year. The liability is triggered based on residency at the time of making what I'm going to call 'the capital gain'. This is how I've been working it out - make a load of money in a year when you're tax resident then that money is always taxable when remitted - for the rest of your life, even if you're a non resident - because it was earned when you were a resident. I suspect PWC could have made this little memo a bit clearer by adding '...of remittance' onto the end of the statement. That foreign sourced income diagram with the check boxes clears this up nicely.

What kind of a moron drives around with a Rolls Royce and the plate '555' whilst being a complete fraudster? You'd think he would be keeping a low profile. These morons must have no brains between them.

Why? This was always a default interpretation as far as I was concerned.