Everything posted by paddypower
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
are you confused every day, or just today?
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Srettha Slammed For Literally Bowing To Paetongtarn
come on guys and gals - you will never understand 'Thainesss'. I've been told this by Thais for the past 28 years. quote: ''we will never work with the coup leaders'' Liar, Liar, pants on fire remember: Thais and lies rhyme 🙂
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Cheap lamp for vegetative growth ?
I'm seriously searching for a source who can sell me a couple of ganja clones, assuming you can courier them around Thailand ''legally''
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Will Thailand echo USA's growing problem of Cannabis Use Disorder?
my problem is, I cannot remember the middle bit of anything I read about what was originally marketed as ''Reefer Madness'' (great movie). the powers that be have been flogging this ''story'' for going on 90 years.
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Foreign Investment Flourishes in Thailand
More BS from the smoke and mirrors government. the answer is probably 'no' meaning many of these investors were setting up robotic plants. plus - you don't empoly a lot of regular Thais to work on oil & gas rigs.
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Recommended suppliers online
it would help to know (vaguely) where you are able to travel to buy. Ive been advised to not buy online. photos of big buds can look great but its often krappy product. what I am interested in, though is can you have a clone delivered, using a Thai delivery service. I understand clones are available for sale in the Chiang Mai/Rai areas .
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
interesting question - I must check with an Irish friend who has a flat for sale in London. The extra problem is security - do you trust bringing a large sum of money into Thailand? where do you invest it? I lost 5 mill on a legal theft - but I made up for that by being fortunate enough to buy 2 beachfront lots. It's all relative, isn't it. ?
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
Great story, full of the truths about how wrong westerners can be, thinking that if you move to SE Asia, you will get away from all the rules and regulations and have it easy. In many ways, as you described, yes - it is a great region to move to. But,in the end, you have to be happy with your life, wherever you are and that's the philosophy my wife and I follow.
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
Are many foreigners living here that naive? have you not yet discovered that everything in SE Asia is upsidedown, figuratively and literally?. we've managed to stay sane, retiring here for 28 years, by catching on pretty quickly.
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
never bothered to do that, on my Canuck tax reuturn. I wonder what supporting paperwork RevCan asks for?
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
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.
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
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.
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
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. 🙂
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
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 😉
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
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.
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
thanks for correcting me. 🙂
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
can I ask are you Canadian resident for tax purposes, or deemed non-resident?
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
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.?
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
RATFLOL
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
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?
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
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).
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
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.
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
what if he ''didnt obey the law'' by not filing his tax returns. ??
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
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.
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Ear Buds.
Yes, the lesson to learn is to never buy Tesla ear buds 🙂