ukrules

I'm like 99% sure that's a stock photo and not a photo of the patient in question but it does sound a bit nasty from the description.

My thoughts exactly - he looks just like a monk to me

We know that, but I have a feeling the Chinese press won't be quite so 'restrained' in their reporting. I guess we'll find out in the next day or two.

Yes, that's my take on it as well.

Wow, this will be front page news all over China tomorrow. They're not going to be pleased at all.

It has been clarified elsewhere - there are ZERO tax benefits to the Elite visa itself, when it was promoted as having a potential for tax savings by over zealous agents they were relying on the 'bring it in next year' feature which is still built into the act of parliament since nearly 40 years ago - the one that they think they're going to change. The Elite Visa itself is just a glorified tourist visa, they last for 5 years each time you get a new sticker in your passport and every entry / extension is for 1 year. So you're a tourist who can easily stay all year which means after 180 days you're a tax resident and if you haven't paid any tax on your income abroad then they are going to be looking for some from next year onward which means the tax return submitted in 2025.

This story is wrong anyway, it had nothing to do with the official lottery app, from what I've been hearing now it's hit the larger TV news he bought the tickets from some third party website online. There's a lot more to this story than meets the eye - the tickets were not sent for some reason and they said something about selling them to someone else when they didn't send them COD to the original guy who wanted them.....

So they're going to repeal that act of parliament from the 80's which contradicts this new memo? Good luck with that ????

International commerce would grind to a halt so it will never even be considered as an option let alone implemented.

Wrong - that was 100% the intention of the original law which is exactly why it's not a loophole.

It's not a loophole, it's enshrined in law as part of an act of parliament nearly 40 years ago. Why are so many people here brainwashed into thinking this is some oversight, way of cheating the system / a loophole - it's not. It's not some oversight that someone missed when drafting the law - it was carefully inserted into the law without ambiguity and provided a deliberate way for those who keep funds overseas and perhaps generate earnings from those funds or assets purchased with those funds to bring them back without having to pay any tax. What they want to do is change the law without going through the process of changing the law - which is not really possible - and is the reason why it should fail.

Correct - there's a lot of hysteria and absolute nonsense about CRS being circulated by people who obviously know absolutely nothing about it i and I'm seeing a lot of it in this thread.

They're not going to care, it's the oppositions job to make life hell for the government - not lick their boots.

Yep Makes sense This is exactly what would happen, it's exactly what I would do if I needed some money in a hurry

What kind of tax form? Is it a 'tax receipt' or a form you're expected to fill out? If it's a tax receipt then I get them every time I deposit and purchase something from UpBit.

Nonsense, I have an account at a different exchange (UpBit Thailand) which is 100% AML/KYC compliant and there's none of these problems - the problem is a Bitkub problem not any kind of legal obstacle.

Right, I wouldn't try that with untaxed money at all.

There's no chance that will happen, the entire business world relies on international payments via the swift network. I'll bet the 'wire rooms' in the major banks are very busy each day processing incoming payments, mostly for corporate recipients

Yet they choose to tax only income which is remitted to Thailand and therefore infinitely more monitorable than the small amount of information which arrives each year via the CRS system on some accounts where the person is a Thai tax resident AND has notified the foreign bank of their TIN inside Thailand. It might help them to make a shortlist of people to look into.

This is some nonsense, something missing from this and the original article which was supplied. From the Thaiger article : Then this little gem : What? How?

This is the bit I find strange as the previous law is a law which was voted on in parliament and most definitely appeared in the Gazette. I find it odd that a memo can override this and I think we will find in due course that it can't.

I expect any new taxation situation to result in the same kind of outcome.

At what rate do Americans pay tax on for the first $120k ? It's zero isn't it......

Maybe I'm wrong but the timing of that raid strikes me as a little suspicious considering this announcement.

Just assume the worst