jayboy

If my grandmother had wheels she would have been a bike.

4 minutes ago, Chomper Higgot said:

There’s a reason it sounds racist Richard.

 

Because it is.

 

“Nothing has worked in the past”
 

Except something has worked in the past:

 

https://www.bbc.co.uk/news/uk-scotland-45572691

Not as simple as you seem to think

https://www.spectator.co.uk/article/the-community-approach-alone-wont-solve-knife-crime/

48 minutes ago, alanrchase said:

I suspect there will be a need to prove the money is savings

I think one must definitely have the receipts/evidence to prove the money comes from savings if required.But i doubt it will be called for except in the most exceptional circumstances.

51 minutes ago, alanrchase said:

I suspect they will consider money remitted to Thailand to be from income first until it is all used up

No reason to think this will be the case (especially if no tax return is filed on basis no assessable income!)

53 minutes ago, alanrchase said:

It will all be moot if they decide to tax worldwide income anyway.

Agreed

53 minutes ago, alanrchase said:

I don't think trying to remit pre 2024 money will work. Tax authorities are not daft. I suspect all tax authorities consider that the tax years income is spent first before you dip into savings. If you have income of $20,000 in a year they will not consider any money to be savings till you have used up that $20,000.

I don't see why.

Quite a few people I know are now funding their life in Thailand through savings incurred pre 2024, and letting tax year income pile up in their home countries.I believe, if asked by Thai tax authorities, they will be able to prove remittances were made through pre 2024 savings.If Thailand goes over to taxing world wide income,that is obviously a different situation.

6 hours ago, sometimewoodworker said:

If you have a Thai ID card (pink Identification card for people who do not have Thai nationality or blue/green Thai National ID Card) you already have a Thai tax ID, probably anyone with an ID card MUST use that number 

I've wondered about this.You are right about the number but doesn't it have to be registered at the RD before it can be used? Or is it the case when one is filing the tax return for the first time one just bungs in the number and the system just deals with it as a TIN? I just don't know.

Most Thai women don't prefer foreign men.

Foreigners whose main experience has been with Thai "working girls" often think differently.But they are deluded.

1 hour ago, stat said:

I am not talking about people working in TH.

OK but this wasn't clear from your post.So you are just talking about retired expats earning $ 500,000 minimum current income.People at this wealth level are likely to have cash/stock/shares amounting to several times current income all incurred before the key date of 31.12.2023.Thus on the remittance system they wont have much to worry about.

If, looking beyond 2024, tax on worldwide income becomes a reality in Thailand the situation changes and it could of course likely involve income tax being paid in Thailand for this wealthy group.Whether the net amount will be greater than that tax paid in the home country is not certain: it might even be less if a DTA works in their favour.I don't see the advantage of an off shore company.

1 hour ago, stat said:

There will always be people who believe just hiring a tax consultant results in close to zero tax

Nobody with an ounce of business experience believes that.Tax planning involves considering all factors and implementing ways of minimizing tax paid within the law.We are not dealing with shady people here ie Pattaya mobsters and the like (at least I'm not). Anyway these people won't be taking advice from the likes of you and me, or from the dodgy chancers presenting "seminars" on the subject in the less salubrious expat ghettos.

On 7/13/2024 at 1:23 PM, sas_cars said:

legalized with thai embassy there

Not in my case.UK Police confirmation was enough.

1 hour ago, Chomper Higgot said:

Oh so you missed the bit about the current Government and current parliament being the most diverse ever.

 

It kind of implies more so than past Governments and past parliaments.

I see I need to spell it out for you.

You were referring with approval to the fact the vast majority of MPs are state educated because this reflects the experience of most Brits. My position is not to disagree but to emphasize the greater importance of attracting high quality people.If they come from independent schools - rated internationally as excellent - it matters not a jot.It's not a party political issue since there are mediocre state educated products on all sides.

11 minutes ago, Chomper Higgot said:

Not having the Government dominated by public schoolboy chums is obviously a good idea when the decisions being made are impacting people across the whole spectrum of society.

Silly comment.Tell it to Attlee and Churchill, not to mention Tony Benn.

2 hours ago, Chomper Higgot said:

As explained Parliament gets the MP’s that the electorate elect.

 

You struggle to understand why it might be a good idea for the people making laws that impact the lives of everyone on the nation are from a broad spectrum of backgrounds reflecting the make up of the general population?

 

I don’t think I can help you with that.

If they are the most talented and effective, I have no problem with that at all.But I don't think diversity in itself is as important as many claim.

We don't rate diversity as top priority when we consider an airline pilot or a surgeon.Why should it be different with politicians? If you can't grasp the point, I don't think I can help you with that.

13 minutes ago, Mike Lister said:

The penalties, as we understand them presently, for not filing a return when the assessable income level was breached yet no tax was due, amount to a fine of 2k baht and potential exposure to back audits spanning 10 years rather than the customary 3 years.

 

I don't think however that was the entire focus of the earlier post, he raises the question, "how would you know if my assessible income exceeds 120k", or whether the funds are assessable or not.

Point taken.That wasn't the focus of his question.

In my hypothetical example I did not envisage any breach of assessable income level since there was no assessable income remitted.

2 hours ago, Mike Lister said:

Nobody should get too excited about this aspect but everyone needs to be aware of it and should factor it into their decision about whether to file a return or not, when there is no tax to pay but the assessable threshold has been breached. For me personally, the potential risk of those audits hanging over my head, far outweighs the 15 minutes of effort required to file a tax return every year, but that's just me, your mileage might vary.

 

In other words it's a subjective matter on which common sense and judgement needs to be exercised.

18 minutes ago, Mike Lister said:

You know full well that those people who fail to file a tax return, even though no tax is due, are exposed to  the potential for back audits covering the past ten years, instead of only three. That is stating fact

I must have missed that - could you please provide the reference.Many thanks.

On 7/5/2024 at 1:43 PM, retarius said:

all of the profits from GDP growth go into the few obscenely wealthy member of the elite.

A post which began sensibly enough and then descended into nonsense.

Are Nokia phones of the non smart variety - just able to phone and text - available in Thailand?

6 hours ago, WDSmart said:

It's true that hiring the most qualified candidate will most likely provide better service (and more profit) for an organization, but hiring candidates that enhance the diversity of the workplace gives opportunities to those who have not had an equal chance to develop their skills because of their race, gender, ethnicity, sexual orientation, religion, etc., and that helps enhance the diversity of the society as a whole.

It's very important we should apply the principle of diversity through all sectors of employment, not just media related.For example we should focus in on the medical and aviation professions where for too long the emphasis in recruitment/hiring has been on merit and potential - thus reinforcing the white male patriarchy.It seems to me we should accept the downside that would be incurred through a more progressive approach to recruitment, ideally with quotas for different ethnicities (not Asians of course - too intelligent and merit oriented) as well as LGBTQ allocations.The most important criterion is diversity not merit. and we should shake off the last century adherence to outdated concepts like professional excellence.

9 hours ago, Enzian said:

I also have a tax ID or TIN or whatever because I have a pink card and I remember the day I got it, I was inadvertently wearing a pink dress shirt. This gave a big chuckle to all the office people about when my picture was taken and printed on my new card; a pink card with a pink shirt! That's about the level all this is happening on.

At the risk of stating the obvious, knowing your tax ID/TIN number is not the same thing as having that number registered with the RD.

Whether non registration would represent more than a minor administrative blip when filing a return, I have no idea.