Cambodia restoring three more Buddha statues at Bakan tower
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6
Anutin Pledges Not to Run for Prime Minister If Srettha Is Impeached
Heard that one many times before. What's the usual reason for running anyway? Ah yes: the People, the Country and the Partridge in the pear tree need me -
14
Tour Buses Have Taken Over the North Pattaya Area
Are you suggesting that he goes opposite way? Is there more or less traffic that way? -
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69
Retired US General Wesley Clark Warns Democrats Not to Underestimate Donald Trump
Not just what you wrote. What all your side writes. Call me old fashioned but it is polite to not post insults about someone else in a public forum. -
69
Retired US General Wesley Clark Warns Democrats Not to Underestimate Donald Trump
Think yourself lucky, I never named you....😉 -
57
Report reveals secret US inquiry into alleged 2016 Egyptian $10m gift to Trump
I have an app on my phone to read anytime I want. You got caught telling lies. -
52
Cheap Charlies blocked my review
I went to the FB page because that's where they post all the specials. I never intended to write a review but couldn't help myself after seeing all the posts saying how wonderful the food was, including that 150 gram steak leather that sells for 199 baht -
41
Realistically speaking, do you think Trump will last till November?
A reported flame post has been removed, please can we discuss the topic and not each other. -
1,526
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II
I have had a few questions via PMs and someone just sent some xxcellent questions. After writing and reading my replay, I decided to post this on the forum. In My Opinion - as always, everything below is IMO. Can you please explain why TRD,in the past have not pursued their share of tax from expats remits that are assessable income as defined in most DTA's? I visited TRD office to enquire about a TIN, I was advised that I do not require a TIN as my pension/income is from my home country and I only need TIN if I have Thai income. In the past TRD ignored all Expats incomes from overseas because it was too complicated and not worth all the trouble. That was because of many reasons, but the main one is that Govt Pension payments were/are not taxable as per the USA-Thai DTA, and most Expats back in the early days (70s/80s) were US Citizens. The other main reason is that it was assumed that any money an Expat brought into Thailand would have been 'held' for 12 months to enable it to be tax free. Those reasons are the main reasons why local TRDs who have been approached by retired Expats since this 'new tax regime' announcement in September 2023, have said no to a TIN, because it is not needed unless the Expat is working in Thailand. In Thailand things do not change easily or quickly, and it has been 'common practice' by the TRD for decades, not to expect Expats and most Thais to lodge a tax return (nor enforce). Following this statement in my view they ignore the tax benefits to Thailand by not pursuing DTA benefits available to them. So have they never collected this money? The new PM (Srettha) instructed TRD to broaden its tax base to get more tax money because the economy is screwed, and that included removing that 'rule' that meant income/investments earned overseas was only taxable if brought into Thailand in the same year. This removed one of the main reasons they did not enforced the taxation of Expat's money remitted into Thailand, and the PM said that it was OK to do that (tax Expats). TRD did not (and does not) want to enforce the taxation of Expats, because the efforts required to assess all those retired Expats who are on a Government Pension is not worth the effort. Thailand has 61 DTAs and therefore each TRD Office would need to know all the exemptions and allowances in each of those DTAs in order to be able to process the tax return of an Expat. Perhaps TRD is going to centralise the method by which all Expats lodge a tax return, including those that earn money through working and/or investments here. And remember, all Expats means not only the 400-500 working and non-working 'western' Expats, it includes the 2 million workers employed in Thailand who are citizens of other countries, but who also mostly dont lodge tax returns (most earn SFA). Right now all PIT tax returns are processes (and taxes paid) in the local Province TRD Office (that includes online lodgement), located mostly within the local Amphur Office, and they aint going to 'give up' that money (or Office and staff) easily - so that it can all be transferred to the Bangkok HQ - and if that transfer did happen, any such change will take a long time to implement. As they have not created any new "Tax laws" I expect that things will stay the same. Your thoughts? I expect the vast majority of TRD Offices in the Provinces and Bangkok, will not to be able to deal with this new BS from this BS PM, and therefore they will carry on as per normal. You can almost guarantee they will get no extra staff and no extra budget and SFA training - which when added to the above means to me that nothing is going to change for a long time. However, that does not mean that at some time in the future the TRD will not centralise the lodgement of all Expat tax returns, and then comb through the financial arrangements of some Expats, and then pursue them for past tax returns. However, reality tells me that if/when they centralise all Expat's tax returns, unless an Expat has over many years been regularly remitting into Thailand large amounts of money, being well over the amounts from a Govt Pensions and some Retirement savings, then it is unlikely that they will bother most Expats. The 'alternative universe' in which every Provincial TRD Office is fully staffed and trained on all the different DTAs that Thailand has with other countries, does not and never will exist - in my opinion. However Part 2 - TRD is planning on implementing a worldwide taxation system and if that happens, then the goalposts will be moved, and the game will be changed, and everything I stated above may not apply. There is a lot of negative feedback, both external and internal, going to TRD and the Thai Govt about the possibility of implementing a worldwide tax system. Much of that negative feedback is about the internal TRD processes and systems - they are not capable of dealing with the complications of worldwide tax system as they are currently structured, and staffed, and their IT systems. Expats have to wait and see if TRD goes this way, because the ramifications could be huge for us. But that could also mean nothing - who knows what they will do - TiT. -
57
Report reveals secret US inquiry into alleged 2016 Egyptian $10m gift to Trump
I guess I am living rent-free in your head if you had to go back and check. -
41
Realistically speaking, do you think Trump will last till November?
Just now NY Times: Trump Agrees to a Fox News Debate With Harris on Sept. 4 According to Mr. Trump’s post on social media, the debate will take place in Pennsylvania, a crucial battleground state. It was unclear early Saturday whether Ms. Harris had agreed to the debate and its terms. Representatives of her campaign did not respond to requests for comment. A spokeswoman for Fox News also did not respond to questions. -
17
Temu's Takeover: Thai E-commerce Expert Issues Price War Warning
Original, non-plagerized story https://www.nationthailand.com/news/general/40040183 -
60
Apple Withdraws Ad Amid Thai Backlash, Extends Apology
But you see a lot more as well. You see homeless and poop every day in San Francisco. So make an ad of Japanese business travelers stepping around piles of poop, addicts shooting up, homeless begging and threatening, on their way to a flophouse outside of Union Square. Duh. -
26
NHRC calls for investigation into Thaksin's "VVIP" treatment
He so ill needs to remain in hospital for his entire sentence…. Thaksin paroled….. its a miracle and i don't need to remain in hospital for a minute longer problem is the system has not been transparent quoting doctor patient confidentiality to avoid the truth coming out -
52
Cheap Charlies blocked my review
The kind of people who take the time to post on a thread about a not-so-positive review of an 199 baht steak...
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