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The festive season may not be that merry due to low spending
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256
And so the Dictatorship begins....
You forget, you have posted a zillion times on here defending the lying fruitcake, don't deny it, many others here read your posts, he IS your leader......... -
256
And so the Dictatorship begins....
And what are we supposed to be looking out for? -
283
Thailand goes all in on The Homosexual Movement
Jane Goodall was asked what her favorite animal was, expectation was that it would be chimps. She said "No, chimps are too much like humans, I like dogs." She knows a lot about chimps. -
3,011
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II
We seem to be on a circle jerk, separated by a common language. Take the following, explaining two methods of avoiding double taxation: The highlighted text is the bone of contention -- because when presented by itself, and not in the context of "credit method," it is incorrect. But, in context, yes, certain income can be taxed by both countries. In this situation, one country is the primary taxation authority, while the other country is the secondary. A good example is rental income. The following is from the technical explanation of the US-Thai DTA (I couldn't find an equivalent for the UK-Thai DTA): The highlighted "may be taxed" is OECD Model taxation speak for country in question has primary taxation authority; the other country, secondary. Now, if the language had said: " may ONLY be taxed" -- then, country in question has exclusive taxation authority. But, per the DTA technical explanation, rental income can be taxed by both the US and by Thailand. So, my rental income on a house in the US, which I remit to Thailand, is taxed by the US, which, as primary taxation authority, gets to keep all the collected taxes -- Thailand and credits don't enter into the equation. Now, Thailand can also tax this rental income; but it has to absorb a credit for the US taxes paid. And, as such, I may owe no taxes to Thailand on this rental income, after the credit. But, if the Thai tax exceeds the credit, I owe the difference -- and I now have a higher total tax bill than if the US had exclusive taxation authority, and thus the only country I had to pay taxes to. -
3,011
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II
It was to ensure that people are paying the correct tax and close a huge loophole in the TRD code just because you are paying tax doesn’t mean that you are paying the correct amount of tax -
3,011
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II
Sure That is my advice to those that are unsure has always been, take your paperwork to the RD Office and let them guide you. That does not change my belief, that if you rock up with " Assessable Income " that has already been taxed, it will most likely not be subjected to any further taxation in Thailand. -
256
And so the Dictatorship begins....
There was me thinking the American people voted for Trump because they wanted changes. -
1
Woman Found Dead in Palm Plantation Identified as Prosecutor’s Mother-in-Law
UPDATE Suspect Arrested in Brutal Murder and Robbery of Prosecutor’s Mother-in-Law Police have arrested a suspect in connection with the murder and robbery of a prosecutor’s mother-in-law, whose body was discovered in a palm plantation in Wang Chan district, Rayong. The suspect is reported to be someone close to the victim. The victim, identified as Mrs. Wanna Kortner, 67, an employee of a prosecutor’s office, was found dead on November 15. Her body was discovered face down on a dirt road in a palm plantation in Pa Yub subdistrict. The gruesome crime scene revealed severe injuries, including a crushed forehead caused by a blunt object and a deep wound to the back of her neck. Both her ring fingers had been severed and were missing. Authorities estimated she had been dead for over six hours when her body was found. The police have apprehended the suspect, identified as Mrs. Kamolwan Wolf, 56, a resident of Sri Racha, Chonburi, and a close friend of the victim. The arrest was made under a warrant for premeditated murder issued by the Rayong Provincial Court. Pol. Lt. Gen. Somprasong Yen Tuam, Commissioner of Region 2 Police, ordered Pol. Maj. Gen. Thirachai Chamnanmor, Commander of the Investigation Division of Region 2, to coordinate with Rayong and Chonburi police to ensure swift action in the case. Preliminary investigations revealed that Mrs. Kamolwan allegedly called the victim and picked her up from her home. The two then drove to Mrs. Kamolwan’s residence before heading to the crime scene, where the murder and robbery occurred. The suspect is accused of leaving the victim’s body in the plantation before fleeing the scene. The suspect’s vehicle, which was used during the incident, has been seized for forensic analysis. Despite Mrs. Kamolwan’s denial of the charges, police have ruled out the involvement of any other individuals, citing substantial evidence linking her to the crime. Authorities continue to investigate the case and are analyzing forensic evidence to strengthen their case against the suspect. Pictures of the arrest courtesy of Matichon. -- 2024-11-17
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