Jump to content

Smokin Joe

Advanced Member
  • Posts

    1,237
  • Joined

  • Last visited

Everything posted by Smokin Joe

  1. A couple of other points. Thailand has Double Taxation Agreements with 61 countries. Violating any of these would be frowned upon. https://www.rd.go.th/english/766.html The tax laws only apply to income that is brought into Thailand. The main concern may be whether the money brought in is "Assessable Income". The Thai Revenue Department has an English language website with more info: https://www.rd.go.th/english/6045.html 2.1 Assessable Income Income chargeable to the PIT is called “assessable income”. The term covers income both in cash and in kind. Therefore, any benefits provided by an employer or other persons, such as a rent-free house or the amount of tax paid by the employer on behalf of the employee, is also treated as assessable income of the employee for the purpose of PIT. Assessable income is divided into 8 categories as follows : income from personal services rendered to employers; income by virtue of jobs, positions or services rendered; income from goodwill, copyright, franchise, other rights, annuity or income in the nature of yearly payments derived from a will or any other juristic Act or judgment of the Court; income in the nature of dividends, interest on deposits with banks in Thailand, shares of profits or other benefits from a juristic company, juristic partnership, or mutual fund, payments received as a result of the reduction of capital, a bonus, an increased capital holdings, gains from amalgamation, acquisition or dissolution of juristic companies or partnerships, and gains from transferring of shares or partnership holdings; income from letting of property and from breaches of contracts, installment sales or hire-purchase contracts; income from liberal professions; income from construction and other contracts of work; income from business, commerce, agriculture, industry, transport or any other activity not specified earlier.
  2. This is the latest official info from The Thai Revenue Department. This is a new interpretation of the current tax laws The laws have not been changed (yet). This new interpretation makes assessable income taxable regardless of the year it was earned. https://www.hlbthai.com/wp-content/uploads/2023/09/RD-Instruction-No.-Paw161-2566-Translation.pdf The link is a 3rd party website but the document is the official Revenue Department Instruction dated 15 Sep 2023
  3. Your link is to the Tigglebitties menu for those who would rather dine in. I'm outside the delivery area but eat there regularly
  4. The UK can issue an IDP from both the 1949 treaty (one year validity) and the 1968 treaty (three year validity). The endorsements for motorcycles and scooters are different. The IDP (1949) has only one category for motorcycles and covers all sizes. The IDP (1968) has two categories. One for small bikes (scooters/mopeds) and a different category that covers bikes of any size. When Thailand ratified the 1968 treaty they registered a reservation that says they do not recognize the small bike category. https://treaties.un.org/pages/ViewDetailsIII.aspx?src=TREATY&mtdsg_no=XI-B-19&chapter=11 Thailand "Thailand will not be bound by article 52 of this Convention. "Thailand will consider mopeds as motor-cycles." Reservation and declaration made upon signature and confirmed upon ratification: “The Government of the Kingdom of Thailand […] declares that, in accordance with paragraph 1 of Article 54 of the Convention, the Kingdom of Thailand does not consider itself bound by Article 52 of this Convention.” “[I]n accordance with paragraph 2 of Article 54 of the Convention, the Kingdom of Thailand declares that, for the purposes of the application of this Convention, it treats mopeds as motor cycles (Article 1 (n))”.
×
×
  • Create New...