paddypower

never bothered to do that, on my Canuck tax reuturn. I wonder what supporting paperwork RevCan asks for?

wow! i never knew that. try rereading my post: i wrote that this was her opinion, not mine. don't debate something that is the point is irrelevant.

I agree - and then there are other taxes they pay, such as VAT and so on. altho i detested what he did mostly, after becoming PM, Thaksin's policies for the poorer Thais was the best thing that ever happened to them.

I am getting a pain in my head - trying to make a simple point. What I am saying is most ordinary Thais do NOT file tax returns. in this situation the lady (an unemployed teacher) is saying she does NOT file a tax return although she has income. HER logic (not mine) is she does not own land - so no need to file a tax return. Her husband operates a mobile phone shop which he owns. He does not file a tax return. I am providing 2 examples of fairly ordinary Thais who make up that 90% of non-filers. Ok? I don't need to attend yet another lecture on tax law; what is and is not supposed to be taxed. If you read my posts, you will see that I'm a retired CPA (incidentally, having practiced tax law in 3 different countries). this whole thread is becomming a headache - and, as usual, we being treated like mushrooms. 🙂

I dount that your 'average' Thai condo/house landlord has an offshore account - and if he hasn't, it is highly unlikley he would be able to open one now, under the New World Order 😉

so?? I'm in the middle of a corporate restructuring, involving share redemptions. i asked one of my shareholders if she filed a tax return. her answer was '' no - because I OWN nothing'' . I guarantee you, the TIN and ID are not correlated here, for tax purposes. if the Thais compared personal tax returns with individual TIN (call it ID card numbers, if you will) the figure of 90% non compliance would not be there. I never cared about this before and I'm not going to start now. TIT.

thanks for correcting me. 🙂

can I ask are you Canadian resident for tax purposes, or deemed non-resident?

paddypower, TroubleandGrumpy quoted one of your posts in a topic. Posted in Thai government to tax all income from abroad for tax residents starting 2024 got this in my in box: ''FFS go and have another beer and tell it to the bar girls - who gives a rats rear about what yet another barfly in Pattaya thinks - or maybe a 'feral'.. Poor fella, why doesn't your wife buy you a goat - may help you to stop from being troubleandgrumpy.?

RATFLOL

I think that you are missing the point about the definition of ''resident'' - not to mention the Immigration visa rules, under which landlords and hotels have to report residents). It's not going to matter - if you're deemed to be resident, you are. Most western countries' tax rules are similar - stay for more than a combined total of 180 days in a calendar year and you are deemed ''resident''. Thai law is equivalent to quicksand. Or as an American friend described it to me the other day, it's like trying to nail putty to a tree. I don't understand why anyone would find this concept to be be difficult to understand. If these rules goes through, you will be in a Thai taxation prison, for all income brought into Thailand. Is that a fair assessment?

very soon, this will have a negative effect on new sales of investment condos to foreigners. unless buyers are advised by real estate agencies to just rent it out and don't report the income. Realtors are called 'real-a-snakes' in Ireland (partially because many are also lawyers).

in the tax business, we called it ''the Thin Red Line'' - the difference between tax avoidance and tax evasion. I guarantee you that the 'elite' have the best Thai tax advisors.

what if he ''didnt obey the law'' by not filing his tax returns. ??

non resident (we use it in Canada tax law and I believe that it will be used here, as a qualifying clause to determine if your pension and any other foreign income your bring into Thailand is taxable.

Yes, the lesson to learn is to never buy Tesla ear buds 🙂

thanks !! I am in the market for buds and soon, for a hearing aid (my wife says I never listen to her).

Agreed, about (some) electric cars. Scottish friend bought a Tesla, left it parked overnight at home.. came back and the battery was dead - due to rain water damage, according to Tesla. Not covered by warranty. new system is costing him 20+k quid.

looks quite an attractive option. can you provide a link? and yes, I do hear reports about fake electronic products on Lazada. Its reliable seller of ''soft'' products, like shoes, vitamins for my dogs. Ive just bought a Kingston product and the advice i got from a learned friend is, in order to avoid fake electronic products, is to buy on Lazada (i) from the genuine/official store, not the ''mall' and (ii) if it says ''warranty by vendor'' - run.

another up tick for Firefox, plus it is constantly improving its products. Its a non profit, i think. I use windows 11 OS - no problems, provided you do your maintenance. love Mozilla products. for email and vpn I use Proton. again, offers a non profit version.

buy solar panels and dig a well. the sky is falling.

this government is so desperate for new sources of funds that they are wiling to borrow helicopter money. we ain't seen anything yet (but then again, Thai stye, they may just set up a committee to study these new proposals).

and you have a printing press? 😉 after so many years living here, any time I still get asked how much money I have, I just tell them I have a money tree. works like a charm.

ok, this is just curiousity - can any expat live well in Thailand on 65k a month. wife, kids schooling, car, health ins. house maintenance (alternatively, rent) ? To me, this is the crux of the matter - this proposed new taxation regime is just not realistic. I forecast there will be retirees up and moving. Not to mention how the international retirement planning magazines and websites will re-evaluate the benefits of retiring to Thailand. .it is a cluster(deleted).

what if the banks are obligated to w/h tax, on foreign source remittances?. Currently, the banks and the public companies deduct a basic flat rate of w/h tax on interest and dividend distributions. . as already posted just now, would immigration classify the 65k a month income requirement as net of Thai tax? (assuming you have other other income to declare) . a pandora's box. I wonder what % of wealthy Thais do not pay the correct amount of tax ? starting to feel grumpy 🙂