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Phuket Businesses Consider Crypto as Alternate Payment Option for Russian Entrepreneurs
By
webfact
in Phuket News
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24
60Days Visa expiring in few days, Any cheapest way to re stamp back in Thailand?
I'm jumping in on this thread. I will exit Thailand next week (Nong Khai to Vientiane, Loas). Is there any advance preparation I should make before entering Loas or is the process pretty simple? -
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1,283
Its Happening - Law to Tax Overseas Income Now in Progress
I am probably an outlier in my view here - so I expect many confused/sad/laughing icons as a result. I agree that the Thai authorities don't worry that some affluent foreigners will be lost. The Thai tax authorities are intent on going after the affluent Thai (who have managed their assets to minimize tax) and if they impact foreigners (who live here in Thailand as well) then so be it - they are just going to treat foreigners the same in this case as they will attempt to treat the affluent Thai. And in parallel, they have programs such as the LTR visa, which BoI advertise as tax exempt for foreign income - intended to attract the affluent foreigners. Of course, this begs the question - how long will the LTR visa tax exemption for foreign income last ? But at least here they have a way to keep those the foreigners that they vedit/prove are wealthy to their criteria. So I don't see this as arrogance at all. Nor ignorance. They are trying to do their job to earn revenue for the country that it can then spend on the citizens/infrastructure/services. Many western countries, for residents, tax global income. Thailand is not there (yet) although clearly some senior people in the Thai RD would like to tax global income. Further, some western countries even try to tax non-residents to their country for global income. Case in point: Practically every second year I receive an email from Canada offering to treat me as a Canadian tax resident (even thou I reside in Thailand) as by doing so I could take advantage of more Canadian resident tax deductions. But by doing so, I would also have to pay tax to Canada on all my global income - which would cost me a LOT more money. Is the Canadian Revenue department being arrogant and ignorant? No - they are simply hoping I will be (ignorant) so that they can get more tax money from me - by taxing my global income, when I don't reside in Thailand. I am thankful that Thailand, has what I consider more favourable (to myself) tax rules than Canada, and some other countries that I won't mention. I concede that, what should I say, 'the golden years' re: taxation may be starting to fade away ... but the affluent foreigner will likely find ways around with while staying in Thailand,... possibly via LTR visa, or possibly by staying for only 179 days per year in Thailand, but ways will be found. -
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Fact-Checking Rogan and Musk
Unfortunately, the only sources you trust won't provide anything useful on that topic. Just go back to your usual news diet of anxiety and outrage. -
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Trump’s Puerto Rico fallout is ‘spreading like wildfire’ in Pennsylvania
This time tomorrow we will know. -
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My Voyage to Vote
Good Luck...but... ONLY if you will be voting for the one and only savior and protector of organized human existence..TRUMP. Vote for Trump, and you have my blessing.- 1
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1,283
Its Happening - Law to Tax Overseas Income Now in Progress
You could certainly have found a high street bank in say Singapore/HK/Switzerland that will have accepted your massive amount of cash understanding that you can't provide a Thai TIN if you are legally exempted or don't pay tax in Thailand. -
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Trump Tentatively Backs RFK Jr.’s Proposal to Remove Fluoride from Public Water Supply
How the John Birch Society's conspiracies led to political divides in the 1960s "This weekend, Robert F. Kennedy Jr. said that, if elected, President Donald Trump would work to remove fluoride from all public drinking water in the U.S. Trump has said that Kennedy, who endorsed the Republican after ending his independent White House bid, would play a major role in health policy if Trump wins. The crusade against that widespread public health policy is something that gained prominence back in the 1960s, due in part to one organization that elevated fringe theories." https://www.npr.org/2024/11/03/nx-s1-5165364/how-the-john-birch-societys-conspiracies-led-to-political-divides-in-the-1960s
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