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Yumthai

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Everything posted by Yumthai

  1. Yumthai
    Speculating on something bad happening in the near future is the definition of "scaremongering". Constantly pushing the idea of the possibility that something harmful but improbable will happen is also "scaremongering".
  2. Yumthai
    If you think global taxation will be implemented but 99% of residents won't be impacted then it's a non-event.
  3. Yumthai
    There is no incoming global tax system. It can't be implemented in Thailand as economic consequences will be unbearable, at least without allowing legal tax-free workarounds (such as LTR) and you know it.
  4. Yumthai
    You think wrong. I've made no remittance into Thailand over the past year and have no local income. The way I or you interpret the law is irrelevant, only the way the tax auditor does translate the rules matters. Obviously, she/he will never knock at my/your door.
  5. Yumthai
    1. Let it go. 2. Stop believing the news.
  6. Yumthai
    Agreed. Principal should be included in the tax-free remittances otherwise it's pointless as people will not repatriate big lump sums which is the expected outcome.
  7. Yumthai
    Me. I have no assessable income in Thailand and do not file accordingly.
  8. Yumthai
    Nope. My Immigration track record is crystal clear. Everyone is aware Immigration laws are rather consistently enforced in Thailand. Way easier to crack down on foreigners. If you believe Immigration will require a tax certificate at some point and an agent "service" will be provided, then just pay the agent when this occurs. Willing to prevent things in Thailand is nonsensical.
  9. Yumthai
    You're trying to cover your a$$ for something that will never happen, funnily enough your passport is full of stamps dodgily obtained. If Thailand wants to screw you, they will as they can dig full records of what you shady did. But don't worry much it won't happen either.
  10. Yumthai
    Good advice, considering banking is going nuts.
  11. Yumthai
    CRS & FACTA reports provide mainly accounts balances and do not apply within Thailand banks and residents but between different tax authorities (countries).
  12. Yumthai
    Yes, I meant what they do care is to tick the boxes of their requirements list. If your piece of financial evidence shows "nice" amounts then it's ok. Again there is no way they can check it's valid.
  13. Yumthai
    Yes indeed. It's utterly obvious that they are not able to check the validity of your foreign statements and it's clear they don't care.
  14. Yumthai
    I don't get what your agenda is, except scaremongering, imaging and pointing out unfavorable events that are possible to occur but unlikely to happen (taking into account Thailand inconsistency, rules flip-flopping history, blatant corruption level and so on). Or, if you think western-like enforced global taxation in Thailand is probable (likely to happen) and on its way, can you bring relevant arguments?
  15. Yumthai
    Tax enforcement has not changed. Still non-existent.
  16. Yumthai
    You're lacking vision. Thailand can't afford global taxation without opportune tax exemptions that would be not too complicated to implement for those who do not want to pay tax.
  17. Yumthai
    Seriously? The Elite and other wealthy people do not pay tax (or almost nothing compared to their income/net worth) anywhere in the world, do you think they feel guilty? Wake up.
  18. Yumthai
    You're worrying way too much for things that have not happened and most probably won't. I hope your pre-planned move is not primarily motivated for tax reasons, that would be a mistake. PH is not TH.
  19. Yumthai
    Do you seriously believe wealthy Thais will pay their fair tax share (meaning at 35% marginal rate) at some point in Thailand? With the current PIT rates, worldwide taxation will never happen in Thailand or, if it does, it will come along tax exemptions and other creative workarounds for the big cats.
  20. Yumthai
    No matter what they say, what matters is what they do. And in term of tax enforcement there is nothing.
  21. Yumthai
    The logic is: Hurry to remit your money in Thailand because we cruelly need it.
  22. Yumthai
    Sounds like disappointment, unsurprisingly.
  23. Yumthai
    Under the new guidelines, Thais with foreign income will not be taxed if they remit that income in the year it was earned or the following year. For example, if income is earned in 2025 and brought into Thailand in 2025 or 2026, it is not subject to tax. However, if the income is remitted after that period, normal tax obligations apply. Great but it is only mentioned Thai people, what about foreigner residents?
  24. Yumthai
    Your case is unfortunate but not surprising. You asked TRD for a tax refund. They are not happy. They make you pay regardless of the rules/law. They know you are not going to challenge their decision before the Court. And even if you do and fairly win at your own costs, these people have literally nothing to lose. Moral of the story: Better stay away from TRD unless you are individually summoned to.
  25. Yumthai
    It definitely is in Thailand.

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