Yumthai

Halloween post of the day, a little early though. Chilling!

Do you think all of your friends are stupid?

They are not currently required but if when rules change and TRD asks they will comply handing full transactions history. From your Bitkub link: We must receive consent from the customer before disclosing any information to the Revenue Department. However, if there will be new regulations or laws in the future that oblige us to deliver the information to the state agencies without primary notice, we will send primary notices to our customers so that they acknowledge and can prepare their information/documents for the authorities.

Nvidia past 10 years great performance can't even compare to BTC over the same period. There is plenty of resource online to explain what Bitcoin value is and why it will keep growing. You may not understand or believe in it and it's ok.

Will relocation within Thailand be the new way to mitigate or completely avoid paying tax?

However Thai exchanges will hand full datasets on first TRD demand.

Any better investment idea that makes 10x in few years?

What's the point of an effective system of policing if people remain unpunished?

Regardless of being evil/good, this is just how the world is ruled since millenniums. If you're denying that, you're living in Wonderland. Like if voting is gonna or has changed things. lol

Conspiracy? We definitely don't live in the same world.

Ideally, but it's never the case and any attempt to change this throughout history has failed. The few people in charge make the rules in order to control the many others, keep their privileges (certainly not contributing fairly to the system) and transfer it to the next generation.

It seems indeed to be the global trend: "shut up, obey, and pay". I don't think most of us will be happy anywhere in the future world that is being drawn, hopefully people will wake up before it's too late.

Yes indeed, and it is supposed we all read Thai fluently.

Indeed depending on the CC it's not financially workable.

And my point is....There are yet undiscovered tribes in the Amazon rain forest who could have told you that BUT... WTF does that have to do with Thailand? Maybe you should the thread to understand my point. You use a foreign CC in Thailand. It's a loan/credit line from a foreign financial institution/company. If it's never refunded (paying back only interests) it cannot be assessable income in Thailand.

I'm sorry your point being? You not paying your credit card bill is exactly the same as... You not sending yourself that money to Thailand? You never taking that money out of an ATM? You never bringing & exchanging that cash into Thailand? Point? Point was a loan never refunded is not assessable income.

If you want your population to remain servile and obedient, it makes sense not to give them the opportunity to increase their education level too much. Meanwhile your fellows have access to premium international schooling.

Don't know what bearing current year has but also don't know what point you're debating since that is what I have said from the outset You're right, all these unrealistic theories make me confused. Practically, I believe foreign CC audits on regular tax residents won't be performed although technically but laboriously possible.

IMO It's assessable if funded with assessable income within the same tax year.

I'm just commenting on you rent example about what's happening in the reality. To me, a credit card bill remains a loan, then not assessable, as long as it is not refunded with assessable income.

The loan could be from a third-party in Thailand, rent could even been paid directly to the landlord by someone else. I know people in Thailand mainly locals who have their rent directly paid by their parents/relatives/friends/boss.

Borrowing money to pay your rent is tax evasion if using a credit card but it would be ok if a relative lends you money?

Revolving credit and a loan are different things. One is a line of credit that may be utilised for any purpose and without security or a fixed completion date. A loan has a specific purpose and is typically of fixed duration with fixed repayment schedules. Sure but if the credit line is never paid back then the source of funds remains forever money that has been borrowed.

In this case source of funds is a loan that may be refunded at any moment further in time (days, months, years, decades,...) or never. Is a loan income under Thai Law?

This average wage surely does not include informal income. I doubt most Thai people have precisely calculated their tax liability to figure out they don't need to file a tax return.