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oldcpu

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Everything posted by oldcpu

  1. I also find the 'state' pension terminology confusing (it is not used in Canada either to the best of my recollection). My understanding is on this forum, when many say 'state' pension they mean the pension that most every citizen of a county gets if they (and/or their employer) contributed to their country's pension system. And when they state 'government' pension, many mean a civil servant pension and/or a military pension. As i noted before, all Canadian pensions (and similar remunerations) are taxable ONLY in Canada (and not in Thailand). On the otherhand, Germany is the exact opposite, where my understanding German 'state' pensions (ie the one every German resident gets who contributed to the German pension system for a sufficient number of years) is taxable only in Thailand. ... I can't recall off the top of my head if a German government pension (ie civil servant/military) is taxable in Thailand.
  2. I assume your health insurance is from a local Thailand branch of a health insurance company? is that correct? Is your income local (earned in Thailand income) or a pension from another country? May I ask which country? and is your pension a government pension (ie that of a civil servant or ex-military) or is a state pension (one that every citizen gets if they contribute to their county's pension system)?
  3. Well, the Thai RD, when contacted, disagree with you. OK. They disagree with you So you think you know better than the Thai RD and Thai tax law, ehh ? I don't think so. There is no need to go court when one is 100% compliant with Thai tax law, according to the Thai RD. Ohh ... you mean go to court for the KhunHeineken countershuffle? Ha ! Now that is funny. Ohhh ... apologies ... I forgot ... you think you know better than the Thai RD.
  4. The tax free threshold uses assessable income to determine the threshold. Those expats whose income is exempt Thai tax due to a DTA don't need to include such in threshold calculation and hence don't need a TIN ( if no other income puts them over the threshold) nor do they need to file a Thai tax return. Unlike you, I do know a number in that category. If you don't know many, perhaps you need to get out more. It is important expats understand the DTA of their income source country has with Thailand to assess if their income is excluded from Thai tax, or taxable in both the source country and Thailand, or if such income only taxable in Thailand.
  5. Absolutely and Thai RD confirmed. NO TAX on remitted foreign income for LTR visa holders. NO CAVEATS in that confirmation by the Thai RD. (Edit - I refer specifically to LTR-WP, LTR-WGC, and LTR-WFTP visa holders) That information has been posted a number of times already on this forum in different threads.
  6. And a phone call to the Thai Revenue Department will remove that incorrect interpretation. One of our forum members checked with the RD tax department. No tax on remitted forum income for LTR visa holders. The Royal Decree is worded that way because when filing annual Thai tax returns one is always referring to the previous tax year. However those tax advisory companies don't want to go the extra check to confirm their error (by contacting the Thai RD). Why? Because clarifying is not in their financial interest as they may lose a potential frightened LTR visa holder as a client, where the LTR visa holder (and the Tax Advisory companies) did not bother to check with the Thai RD help line (or read the Forum user's post who noted what the THAI REVENUE department confirmed) (Edit - I refer specifically to LTR-WP, LTR-WGC, and LTR-WFTP visa holders) Some seem to take a joy out of posting misinformation - without taking the time to check themselves. .
  7. And if you paid attention in the video, the word assessable income was later noted.
  8. Not much stated in that video for the aspects most of us are discussing. The hard questions were not asked/emphasized. Why you even posted that, given what it lacks to clarify, is a puzzle to me.
  9. In regards to the quality of hospitals in different South East Asian countries. Singapore and Thailand have the best hospitals. After that, in order of decreasing quality are Malaysia, Philippines, and Vietnam. So if leaving Thailand, but staying in South East Asia, that may be a consideration.
  10. He read only part of the law. He cherry picked a small part. Then he then deliberately ???? ignored other salient parts of the Thai tax code. Why? Why? Why ignore such? Why would that youtube blogger NOT quote other salient parts of the Thai tax code that others on this forum have pointed out? Inquiring minds want to know.
  11. So you believe him over (1) local Thai RD officials from different provinces (where the RD HQ in Bangkok has delegated the assignment of Thai TIN to the local provincial RD officers , and you believe him over (2) Thai experts from the Thai RD help line, who made the time and effort to double check the questions asked, before answering. Just another youtube blogger trying to drum up business. That may be. I don't know. But what I do believe, is most living here should be given good advice, and not inaccurate advice pushing them to file a tax return if it is not needed. Again , it needs to be assessable income over the threshold. We are 100% in agreement there. .
  12. Anglo Siam Legal ehh?? The Anglo Siam Legal rep really needs to talk to the Thai RD and get their facts straight. If they did, they would have learned that getting a TIN is for a tax resident and filing a Thai tax return is for a person who is "liable to personal income tax". Clear enough ? Clear? Ok , what does "liable to income tax" mean? I will tell you. It means enough assessable income. Clear? OK ? Does Siam Legal mention that? No? Why not? Inquiring minds want to know. Also, noted in that video at the start Anglo Legal claim " Invited for comments, but then comments are turned off. So video says onething, and Anglo Legal does something else". They turn off the comments despite inviting comments. Why? Lol !! Lol !!! Why is that? My guess? They don't want their mistakes pointed out to them. So .. let us go further. Now , lets say one applies on line for a Thai Tax ID Number (TIN). What happens there? Let me tell you. The online application goes to the RD tax headquarters in Bangkok. What does the Head office (Thailand's tax experts from the RD) in Bangkok then do? Guess what? Bangkok will not assign a TIN for another province. OK? Clear? Crystal clear. Right? Clear for you now I hope. So Bangkok forward such applications to the provincial RD to assign a TIN if required. The provincial office determines if one is a tax resident, and determines if one has sufficient assessable income (making one 'liable for personal income tax') . We have many cases that the provincial RD tax office refused to provide a TIN due to the expat not having enough assessable income and hence is not "liable to income tax' per Thai law. More of the KhunHeineken countershuffle in action.
  13. No ... the response is the "KhunHeineken countershuffle". Better than relying on your posts .
  14. EXACTLY WHERE in the video. I am not going to waste my time going through yet another video unless you point out the exact time. I already pointed out local Thai RD (more than just one rogue RD tax department) have stated for some no TIN will be provided and a tax return not required (for those tax residents specific financial situation). I have already pointed out a Thai RD help line stated no tax return required for those whose assessable income is too low. And all you have is a video where you can not even point out exact time where allegedly what you claim is the case? Pathetic.
  15. Decades eh ... pure exaggeration on your part. ... Plural , no less.
  16. Really ? Decades? Are you certain on that? EDIT: I vaguely recall it was much lower in the 1990s, and only changed some time after year 2000.
  17. So what ? The Thai RD is quite public that they work on a system where the tax resident needs to evaluate if they have sufficient assessable income to file a tax ID. My suspicion is if we are talking ENORMOUS amounts of money, or if the Thai RD has other reasons to check up on a person, they will they bother to check up on those who legally do not file a tax return. You and I have very different views here. Mine are backed up by a local Thai RD. Also backed up by a forum user who phoned the Thai RD help line. Your view? Maybe at most backed up by your speculation, and the youtube videos of some Tax advisors who are possibly hoping to generate income by frightening some to submit tax returns when legally NOT required. I know whose view I am going to follow. .
  18. If doing nothing would cause problems downstream, why would a number of Thai RD offices tell the foreigners who are tax residents that given their circumstances they (1) did not qualify for a Thai TIN, and (2) did not have to file a Thai tax return. .
  19. I am not convinced that the case for the Thai RD help line. Just the opposite. Definitely NOT useless. Very very very far from it. As I already noted, I give that help line far more credence than I do a local RD tax office, and more credence than the youtube bloggers/professional tax advisors who have not asked that specific question of the RD. Instead the blogger/tax advisors give their own interpretations, and I have already pointed out cases where the tax advisor/bloggers (on their website) clearly were wrong (or best case misleading).
  20. According to my Thai wife, it depends on one's age. After one reaches a certain age, there is no need to renew one's Thai ID card, and she claims the same practice applies to the pink-ID.
  21. I used to have a type-O, and when my LTR expires I may go back to one, considering my age. I also used to trade currencies for a living.
  22. My error. I misread your post. As noted, if one remits foreign income from any year, to Thailand, when earned in a year when one is not a tax resident, and remitted when not a tax resident , then there is no Thai tax on such. On defining residency for taxation purposes, Thailand has relatively favorable laws there where one only needs to stay out of the country more than 185 days and one is not considered a Thai tax resident. For some other western countries ( Canada comes to my mind) one must do more to be considered a non tax resident.
  23. I used it to buy super dirt cheap Australian dollars, as I no longer need it being on an LTR visa. Given drop in Aus$, that was worth more than 10% return while in Thai baht
  24. ... and better on the Australian dollar is safer? Hows that working out for you? ... I leave in a few weeks for Australia - given week Australian dollar, I thought i would go there and spend some of my Thai baht (which did better MUCH than Aus$ the past year).
  25. My case is you can not accurately predict it will happen. The future is not ours to see. .... (see below) ... I just went on the record. I believe neither of us can accurately predict the future. What concerns (?) you have may indeed happen. It may not happen. It hasn't happened yet. Not yet today, not yesterday, not a decade ago. So ON THE RECORD i make no predictions, but I think those who make such predictions are going out on a limb. Vietnam is a nice country. I have a former work colleague in Germany, who has a Vietnamese wife. He is thinking when he retires he and his wife will move to Vietnam from Germany.
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