Shocking Discovery: Kindergarten Boy's Barbaric Murder Shocks Chiang Mai Community
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2,695
Thai tax tangle: Expats warned of new rules on overseas income
This may deserve it's own topic sooner or later, but I'll take a first stab now. This is about IF the recent proposal about only older income remitted would be taxable abroad. Well, I'll give my example to frame my question which might be of interest to others. A U.S. citizen with only remitted income from Social Security (not taxable in Thailand) and a traditional IRA account (taxable in Thailand). My SS income is piling up all the time in a U.S. account. I don't do monthly transfers. I do big chunks once or twice a year. So all that is not relevant to Thai taxation. But lets say I do a taxable event IRA distrubition to an account already loaded with older SS money. All this setup to ask this question. If I accounted for this based on First In, First Out which is a common standard, by the time I get to the IRA money it might be too old to be tax exempt in Thailand. So much better for me is to account based on LAST IN, FIRST OUT accounting which to my limited knowledge is a standard method for inventory (but this isn't inventory). So for example in a given year I had 10K IRA income in April and I remitted it right away I wouldn't be at risk of that chunk of money aging into Thai taxable EVEN IF the account was already loaded with SS income (which came much earlier. So the ultimate question is if applied consistently would Thai Revenue accept LAST IN, FIRST OUT as a legitimate accounting method in such cases? Or not? -
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The once very common but now rare Thai Smile just showed itself to me.
As young Bob's gaze went down he noticed an all too familiar bulge. -
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Maga/Trump's big ugly bill set to kick 14 million Americans off their health care coverage
All your opinion only. So far I only see things happening that he was voted for to do and is following through with all he can. He only has 4 years to do it all and you Trump haters and far-left Dems are doing everything possible to stop him or slow him down. Why don't you concede you lost your word salad Dem to Trump and begin to show some support instead rather than try to make everything look worse than it really is. I sit back here and read all news good and bad about Trump and the US both in real news and in social media. It has only been people like you who have hated the idea that Trump won the election and now sits in the WH that consistently attack and demean every single thing he does which makes me laugh every day. It does not matter that you post nonsense or fake news or tossing insults constantly to prove you are correct. The facts are that Trump is doing what he promised in the campaigns that Americans voted for and for all your complaints and. gripes and innuendos and hate speeches. Nothing you said will change the truth. It irks me even more as you do this collecting your pensions acting like you are still in America and it actually affects you personally. You see yourselves as some Democratic saviour with gossip and half-truths or outright lies. Using name-calling as a final result when your illogic does not work or are called out for posting half-truths or leaving out pertinent data that undermines the rhetoric you want everyone to believe. Why do you not sit back and enjoy the show? See how it turns out, then you can laugh at everything saying "I told you so"! But in the meantime, be a real American and start supporting what your president has and is doing to try to make America safer and richer and more industrious. In 3 more years only the real facts will come out when it is election time to see if he accomplished anything he promised. Or show what he failed in. The US will not fall in a couple years and every country knows that in 3 years the US will have another president with their own ideas and policies. And that everything Trump did bad can be reversed if it had a negative outcome. -
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Report Cannabis Advocates Warn of Fallout from Thailand’s New Medical Use Rule
are you trying to say it is not "defacto tolerated " now? -
170
People keep posting, Thailand expensive, but I'm not seeing it!
a 12-pk of 600ml water, 30baht near my Thai condo. One bottle at TX convenience store = $1.59 -
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Friendship Supermarket Closed
No mystery......Best place to buy raw beans,seeds,nuts and other hard to find stuff....Cheapest wine in Pattaya.....Very good bakery....Pretty good vegetable selection.....Only decent buttermilk around......Meat department not great but Makro solves that problem......
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