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A SIMPLE GUIDE TO PERSONAL INCOME TAX IN THAILAND
Many thanks for the detailed information. As a 69 year old Brit, with failing sight, brain and basic facilities, I apologise if my questions have already been covered, but I am still wondering, if I fall foul of any tax laws in Thailand. As you get ancient, the last thing you need is complicated documents each and every year. Your post stated:- UK State pension on the other hand is not covered by a DTA so it is assessable income in Thailand And:- 0 – 150,000 Exempt 150,000 – 300,000 5% 300,000 – 500,000 10% 500,000 – 750,000 15% 750,000 – 1,000,000 20% 1,000,000 – 2,000,000 25% 2,000,000 – 4,000,000 30% Over 4,000,000 35% So does that mean a person over 66 years of age in receipt of UK State Pension, can claim for all of the below ? a. Personal Allowance for self - 60,000 b. Personal Allowance for wife - 60,000 c. Over age 65 years exemption - 190,000 d. 50% of pension income received, up to 100k - 100,000 e. In addition, the first 150,000 of assessable income is zero rated and free of tax a +b +c +d +e = 560,000 Thai Baht As the UK State Pension = £221.20 a week from the new tax year on 6 April 2024. £221.20 x 52 weeks = 506,105 Thai Baht (approx.) Therefore no tax is paid ? What about bringing in money to purchase car or house, is that going to be taxed at above rates, meaning you will need pay 35% on purchase of a house ? and tax on credit card use ?
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UK statement to the house - net migration measures - did I hear right? Family visa financials doubled, NHS charge up 66%?
What about Brits married to foreign nationals ? This is going to affect many who worked overseas and want to retire back in blighty. I for one will not be able to bring my wife back-so looks like retirement and old age alone.
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Indonesia, Malaysia, and Thailand Promote Use of Local Currencies in Bilateral Transactions
With the Brics trading bloc just adding 6 more countries with KSA, IRAN and UAE all big oil producers, is chipping away at the USD calling for trade between the bloc using their own currencies. With a further 40 countries waiting to join, I think it is the start of a shift away from the dollar. Over 50% worlds population, more gdp than G7 and 27% of oil production. Difficult to ignore. Maybe the USA should stop sanctioning countries and seizing their assets. The world is turning against a weaponised financial system using the Greenback.
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US President Joe Biden to meet King and Rishi Sunak in visit to UK
Don't bother- we don't want you.
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Outgoing PM calls for peaceful and prompt transition of power
I think the new Government should act immediately to remove the Military and Police unelected Gorvernors that The General installed to keep him in power. They are the main obstacle to peaceful transition. Then go after The General and buddies for unlawful mimitary coup to grab power from a legally elected Government.
generealty
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