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Yumthai

Advanced Member
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Everything posted by Yumthai

  1. Yes indeed, and it is supposed we all read Thai fluently.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. IMO It's assessable if funded with assessable income within the same tax year.
  7. 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.
  8. 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.
  9. 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?
  10. 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.
  11. 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?
  12. 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.
  13. How about the dozen maybe hundreds of foreigners who pay an agent to get a 1 year extension stamp in their passport bypassing all financials requirements since years? Should they worry?
  14. This is surely common sense for governments that crave to collect more and more information on cattle people in order to control and milk them, sadly not for individuals who struggle for freedom in this world. Fortunately Thailand is far behind in term of coercive power and real willingness to go the globalist route compare to CAN/UK/AUS/NZ/EU.
  15. What PwC means is in the link: "A Thai resident means a person residing in Thailand at one or more times for a period equal to 180 days in any tax (calendar) year."
  16. Practically unenforceable. People who are not tax resident do not file a tax return. People who are tax resident file a tax return for one year at a time (income from the previous year) not several past years income.
  17. You certainly can be aware of the rules but choose to follow the ones you know for sure are enforced (as Thai people do).
  18. I think rules definition and in-field enforcement should be considered altogether, can't much dissociate one from another. The issue being if no enforcement then rules become pointless.
  19. The huge majority of sane-brained people is eager to avoid tax in any possible legal way, specifically when these people are foreigners considered as non-immigrant temp residents in a country where tax rules are unfair/discriminatory, inconsistent, and vastly unenforced.
  20. Right, we can agree that all posts are opinion unless there's a linked source. Regarding your content, I will add that some of your opinions are written using authoritative wording that may be confusing and let the readers think it's official information. I won't quote you here as you're a dedicated posting machine (at the point we could wonder if it's a daily job), your posts being everywhere available for readers who can judge by themselves.
  21. I disagree. The issue is that you certainly provide some good factual content but sometimes mixed with your opinions presented as facts/undeniable truth, and it's difficult for the readers to sort things out. It just appears that several other posters don't share some of your opinions and feel the need to challenge your assertions. There's no cabal.
  22. There's still a way to go in order to - maybe - learn to accept others' different opinion instead of calling names.
  23. Experiences and profiles vary. A friend, Thai resident, was able to open last year a priority account with Standard Chartered HK. He had to let/invest HKD1,000,000 equivalent.

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