paddypower

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 🙂

if things go sour, hope you're young enough to move. or go NR. we're on Retirement visa extensions since 1996, so a bit over the hill to consider going NR.

Canuck here, filing NR T1's annually since 1996. . I started to read the DTA. got a headache, as the Thai side of the treaty seems to offer very little guidance, vv Thailand. anyone offering anything, about Canadian pensions, esp. in the situation where they are tax exempted under the 217 rules. thanks. and cheers to the OP for starting this topic.

Understood. I'm not into perjury btw. let me rephrase what I wrote - my exemptions cover my taxable income, including pension. but thanks for all the info. that you have quoted. very useful.

''Saint'' Thaksin

No need to send in the clowns. I wonder do people snigger behind the back of the leader of a democratic country which is run by a few alleged criminals?

agreed. If this clueless government invested in computerizing Thai tax returns; v.v. ID cards and all Immigration visas and develope a computer program to identify non-compliance, they would finance their helicopter money scheme in no time, without borrowing the money to do so. It is so frustrating, when you revert to logic.