Everything posted by Felt 35
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
I don't think we get any more detailed information from Rd, until we pay tax for 2024 otherwise that should be on their webpage by now. Hmm....part of the plan???? Below is googles translation of the new regulation. Felt Revenue Department orders No. P.161/2023 Subject: Payment of income tax according to Section 41, paragraph two of the Revenue Code. In order for revenue officials to consider this as a practice guideline for inspecting and giving advice to those residing in Thailand. which has assessable income according to Section 40 of the Revenue Code In the past tax year Due to work duties or business conducted abroad or because of assets located abroad according to Section 41, paragraph two of the Revenue Code The Revenue Department has ordered the following: Clause 1: Persons who are residing in Thailand according to Section 41, paragraph three, of the Revenue Code. who have assessable income due to work duties or activities conducted abroad or because the property is in Foreign countries according to Section 41, paragraph two of the Revenue Code In the said tax year and brought the assessable income Entering Thailand in any tax year That person has a duty to include that assessable income in the calculation. To pay income tax according to Section 48 of the Revenue Code In the tax year in which the assessable income was brought in in Thailand Article 2: All rules, regulations, orders, letters of response to consultations. or any practice that is contrary to or inconsistent with This order shall be cancelled. Article 3 This order shall come into force for assessable income imported into Thailand from the date 1 January 2024 onwards Ordered on 15 September 2023 Lawan Saengsanit (Mr. Lawan Saengsanit) Director General of the Revenue Department
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
Well I don't know but if inheritance or gifts to spouses not are taxable in peoples home country shall they add that on income (pension) to Thailand and tell Rd that I gave my spouse 500K last year but that was savings or was it a gift, or inheritance, or interest or was it saved pension income?????? Felt
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
Anyone who know if the new tax regulations also will include inheritance from a Foreigner to Thai spouse and how shall it eventually be controlled if its savings and a gift / inheritance? ???? Felt
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
Thanks Sheryl. I hope you are absolutely right and that interest on savings (inherited many moons ago) that has never been touched and as mentioned placed in the home country will not be affected, but the tax man is IMO a trickster so I will keep myself updated in the coming months. Felt
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
I pay tax here and in my home country, which has a tax agreement with Thailand, but the tax I pay here is on what is annually transferred of the pension the amount I not transfer is taxed in home country, but does this new regulation possible also mean that we have to pay tax on interest of savings placed in the home country and are savings that have never been near Thailand and will never come near Thailand? Thanks Felt
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Norwegian Embassy in Bangkok: New income documentation requirements
Following a link from my retired and emigrated Norwegian neighbor https://www.rd.go.th/fileadmin/download/nation/Norwegian_answer.pdf
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Overstay charge lands international visitor in trouble at Phuket airport
Well with your statements, if I were an Immigration officer I would send you out first. Judgment without knowing the background for the overstay should not be used by someone with the nickname "God - peace". Felt
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What is the tipping practice in Thailand ?
Is this Asean Now, tripAdvisor`s section for tourist? Felt
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Increasing the 800K baht requirement for retirement extension?
I think it looks quite typical standard here. When business is going well, we make it as difficult for foreigners as we can without upsetting International media, but during/after crises such as Black May 92, the financial crisis of 1997, Sars, bird flu, Tsunami and Covid, we stand with hat in hand and welcome foreigners. If they was transparent they adapt the visa rules and residence regulations as in the US / Europe then most criminals and a lot of others will think twice. But ???????? Felt
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Time To Think About The Tour De Thailand 2024
Check the professional bicycle tour operators in Thailand and Thb 12000,- is like peanuts compared. Felt
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Prayut calls for calm
Most likely 50 % of Thais nowadays live directly or indirectly from the tourist trade in one or "another" way and money or lack of it is the most effective way to praise or punish people so they follow the law. Felt
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Time To Think About The Tour De Thailand 2024
I think that those who organize bike tours on a voluntary basis for everyone and with opportunities for all age groups starting from Hua Hin (the cemetery's forecourt) should be applauded and not negatived from those who prefer the boredom behind a steering wheel or the TV chair. Felt 35
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Weather Chiang Mai October / November
Do weather websites live in Chiang Mai year after year and generally have some experience in weather patterns seasons to seasons? Felt
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Weather Chiang Mai October / November
Thanks , yes I have observed the delayed rain season here also so have to take it into consideration. Felt
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Overcharging Phuket Motorbike Taxi Driver Attacks Foreign Tourist
..eh and if a Grab Taxi just had driven you to Surat Thani for Thb 5600,- you will be fine if the driver demanded Thb 10000,- on arrival.......???? Felt
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Weather Chiang Mai October / November
Thanks, think to do some cycling with a change in scenery so hope for dry weather and have only been up there February / March previously. Felt
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Weather Chiang Mai October / November
What is the general weather like in Chiang Mai end October early November? Still raining like here in the South of Thailand or is the worst of the rainy season over? Thanks Felt
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Phuket Old Town street makes list of world’s most beautiful streets
It's nice, and great for wading in the latter months of the year????