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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I

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1 hour ago, ukrules said:

 

Indeed - it's complete nonsense and will never happen, ever.

 

*Something* will happen.

 

My guess is that the new regulations will be used for egrigious cases - when tens of millions are transferred into Thailand.

 

Conversely, the RD is not going to monitor ATM transactions using foreign bank cards.

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31 minutes ago, Danderman123 said:

*Something* will happen.

 

My guess is that the new regulations will be used for egrigious cases - when tens of millions are transferred into Thailand.

 

Conversely, the RD is not going to monitor ATM transactions using foreign bank cards.

I can easily imagine banks and visa/mastercard networks being required to provide some form of reporting, they already do this for BOT and foreign currency exchange reporting. Perhaps something like the old US 10k rule whereby cumulative transactions over 10k per X, had to be reported.

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A couple of pictures for the doomers & gloomers,  who like to whinge and moan about potentially paying some tax in Thailand because Thailand gives them nothing.

 

Relaxing after a very nice Boxing day lunch.

 

Free entrance to the park and lunch for 3 came in about 1000 baht

 

IMG_2478.thumb.jpeg.8a7530651335842ba9eb5ff57c66cb8d.jpeg

 

Last nights entertainment.

 

Free parking / Frre entrance / free concert. Food and drink bill for 4 adults and 3 children came in at 2000 baht.

 

IMG_2502.thumb.jpeg.7a0dbf2b313fe8b6cb0d07f793fbc86b.jpeg

 

Thailand offers plenty, often at no cost if you can make the effort to find it.

 

One reason that I wont complain ( too much )  if I have to pay a little bit of tax.

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38 minutes ago, Mike Lister said:

I can easily imagine banks and visa/mastercard networks being required to provide some form of reporting, they already do this for BOT and foreign currency exchange reporting. Perhaps something like the old US 10k rule whereby cumulative transactions over 10k per X, had to be reported.

In Thailand?

 

This is a country that can't even enforce motorcycle helmet laws.

 

You are speaking about theory, not practice. Sure, Thailand is about to become the hub of tax enforcement.

 

I can see it now: some bureaucrat signs up for a European Union seminar on credit card transaction monitoring, and the headline here reads: "Thailand to crack down on International Credit Card Transfers".

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1 minute ago, Danderman123 said:

In Thailand?

 

This is a country that can't even enforce motorcycle helmet laws.

 

You are speaking about theory, not practice. Sure, Thailand is about to become the hub of tax enforcement.

I think you underestimate the capabilities within the Central Bank.

17 minutes ago, The Cyclist said:

A couple of pictures for the doomers & gloomers,  who like to whinge and moan about potentially paying some tax in Thailand because Thailand gives them nothing.

 

Relaxing after a very nice Boxing day lunch.

 

Free entrance to the park and lunch for 3 came in about 1000 baht

 

IMG_2478.thumb.jpeg.8a7530651335842ba9eb5ff57c66cb8d.jpeg

 

Last nights entertainment.

 

Free parking / Frre entrance / free concert. Food and drink bill for 4 adults and 3 children came in at 2000 baht.

 

IMG_2502.thumb.jpeg.7a0dbf2b313fe8b6cb0d07f793fbc86b.jpeg

 

Thailand offers plenty, often at no cost if you can make the effort to find it.

 

One reason that I wont complain ( too much )  if I have to pay a little bit of tax.

 

Where was the concert? morlam cing band from Sakhon Nakon. We go to free concerts all the time, when you do have to pay it's 140-200 baht for top stars

On 12/28/2023 at 6:19 PM, DonniePeverley said:

I think some of us are in major denial here.

 

From my experience in India, they will hit you at the source of the banks. 

You. Are delusional that would require new laws to be made unenforceable and would be frowned upon globally! Thailand would be a laughing stock and pray tell me any countries in th world that taxes money at source 

13 minutes ago, proton said:

 

Where was the concert? morlam cing band from Sakhon Nakon. We go to free concerts all the time, when you do have to pay it's 140-200 baht for top stars

 

Khao Yai.

 

4 day event, ( all free ) we will go back tomorrow night.

 

Loads of free stuff, including concerts, going on every month. All it takes is a bit of looking.

6 minutes ago, bugger bognor said:

You. Are delusional that would require new laws to be made unenforceable and would be frowned upon globally! Thailand would be a laughing stock and pray tell me any countries in th world that taxes money at source 

Myanmar

 

India, depending on the source country.

 

The bigger questions is, which countries are considering taxing outbound remittances.

7 minutes ago, bugger bognor said:

You. Are delusional that would require new laws to be made unenforceable and would be frowned upon globally! Thailand would be a laughing stock and pray tell me any countries in th world that taxes money at source 

 

 

What the hell are you talking about?

 

Virtually every major economy does this. 

8 minutes ago, The Cyclist said:

 

Khao Yai.

 

4 day event, ( all free ) we will go back tomorrow night.

 

Loads of free stuff, including concerts, going on every month. All it takes is a bit of looking.

 

Never have to look, been to over 1200 concerts here, sometimes difficult to choose which event to go to.

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1 minute ago, proton said:

 

Never have to look, been to over 1200 concerts here, sometimes difficult to choose which event to go to.

 

I wasn't meaning you :smile::smile:

 

I was meaning the people that seem to moan that Thailand is all about double pricing and nothing is free.

 

As we both know, there is plenty in Thailand that is free.

10 minutes ago, proton said:

 

Never have to look, been to over 1200 concerts here, sometimes difficult to choose which event to go to.

A slight exaggeration methinks.  Whats the real figure.

 

At one concert a month that's a 100 years.

Or at a concert every weekend that's still 25 years.

Or at a concert every day, that's still over 3 years

 

 

8 minutes ago, couchpotato said:

A slight exaggeration methinks.  Whats the real figure.

 

At one concert a month that's a 100 years.

Or at a concert every weekend that's still 25 years.

Or at a concert every day, that's still over 3 years

 

 

Proton's no spring chicken you know.

18 hours ago, K2938 said:

Based on our discussion I have today contacted some Indonesian firm providing immigration and tax advice.  They confirmed that if a retired person is in Indonesia more than 183 days, he or she is taxable on global income.  Without any caveats, without any exceptions.  Sorry.  So if you find some more evidence supporting what you say, then please let me know. But - unfortunately - I do not think it is true. 

Yes - that is the rules and yes a tax consultant will tell you that you must lodge a tax return (with them).

Until this current rule change, in Thailand the same thing applied, but retired Expats we excepted.

How to Retire in Indonesia - SmartAsset | SmartAsset

Indonesia are currently in the processes of making that standard approach (not taxing retired Expats) official - as per those links I sent.

But yes, right now 'technically' the rules are not that - just the precedent - so I guess you are right 'technically' and I am wrong.

 

17 hours ago, UKresonant said:

 

That would be the theme I would be feeling, not even a pass to avoid multiple entry fees at various venues, national parks and maybe even some health facilities. The ticket vendors may say that I'm still just on a slightly extended visitors visa, for which I couldn't really dispute that aspect I suppose :smile: .

Ever since I first visited Thailand in 2010 there has been many Govt people say that they will address this inequity bla bla bla - the latest one being a bloke at TAT.  Nothing ever happens because the entire Thai bureaucracy has the 'Picard Syndrome'. They all think that by saying the matter is going to be fixed (make it so) the problem has been fixed.  There are far too many Generals and Chiefs in Thailand who talk about it, but no where near enough people who actually get things done. Richard Barrow actually lists them all - he has been campaigning agianst this for years.

Home | 2PriceThailand

 

12 minutes ago, couchpotato said:

A slight exaggeration methinks.  Whats the real figure.

 

At one concert a month that's a 100 years.

Or at a concert every weekend that's still 25 years.

Or at a concert every day, that's still over 3 years

 

 

 

The big mountain music festival is a 2 day event that probably has about 50, perhaps more, different concerts, if you class separate artists / groups as individual concerts

 

 

2 minutes ago, The Cyclist said:

 

The big mountain music festival is a 2 day event that probably has about 50, perhaps more, different concerts, if you class separate artists / groups as individual concerts

 

 

Sorry dear..a Concert is an event with one or more individual artists, bands, groups etc.

So a 2 day event with 50 acts/performances is a Concert.

 

I am sure many posters would be 'in concert' with this.

32 minutes ago, couchpotato said:

Sorry dear..a Concert is an event with one or more individual artists, bands, groups etc.

 

 

Nice semantics

 

A concert is generally classed as a performance by an individual / group.

 

A raft of concerts, by individuals / groups, brought together under one banner, is usually classed as an event or a festival.

 

38 minutes ago, couchpotato said:

So a 2 day event with 50 acts/performances is a Concert.

 

 

Concert or a Festival ?

 

Big Mountain Music Festival 2023 ครั้งที่ 13 ราคาบัตรเท่าไหร่

 

Festival not concert.

 

Sorry dear :biggrin::biggrin:


 

2 hours ago, The Cyclist said:

A couple of pictures for the doomers & gloomers,  who like to whinge and moan about potentially paying some tax in Thailand because Thailand gives them nothing.

 

Relaxing after a very nice Boxing day lunch.

 

Free entrance to the park and lunch for 3 came in about 1000 baht

 

IMG_2478.thumb.jpeg.8a7530651335842ba9eb5ff57c66cb8d.jpeg

 

Last nights entertainment.

 

Free parking / Frre entrance / free concert. Food and drink bill for 4 adults and 3 children came in at 2000 baht.

 

IMG_2502.thumb.jpeg.7a0dbf2b313fe8b6cb0d07f793fbc86b.jpeg

 

Thailand offers plenty, often at no cost if you can make the effort to find it.

 

One reason that I wont complain ( too much )  if I have to pay a little bit of tax.

Great!

7 minutes ago, Danderman123 said:

Okay, this topic has been hijacked.

 

A small commercial break until the RD make a further announcement and the doom & gloom can restart in earnest :biggrin::biggrin:

1 hour ago, jerrymahoney said:

While it has been oft noted on this topic, any new Revenue regime would require new legislation and the Gazette, etc., the Revenue folks already have a trifecta of regulations at their disposal:

 

TAX EVASION LAWS:

 

https://sherrings.com/tax-evasion-in-thailand.html

 

Keyword is "intentionally".

 

People have no intention not to file tax returns to evade tax or to file false ones.

They are just not aware of any recent change because they haven't received any direct information from RD officials.

 

"Thailand is a land of compromise", it's ok not to know.

 

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3 minutes ago, Yumthai said:

 

Keyword is "intentionally".

 

People have no intention not to file tax returns to evade tax or to file false ones.

They are just not aware of any recent change because they haven't received any direct information from RD officials.

 

"Thailand is a land of compromise", it's ok not to know.

 

Here is reality:

 

the vast majority of Farangs living in Thailand have no idea about the new regs, would have no idea what to do about them, and probably do nothing unless something diffetent happens.

2 minutes ago, Danderman123 said:

Here is reality:

 

the vast majority of Farangs living in Thailand have no idea about the new regs, would have no idea what to do about them, and probably do nothing unless something diffetent happens.

 

I'm pretty sure , something different is already going to happen.

in two days time. :giggle:

13 minutes ago, Yumthai said:

Keyword is "intentionally".

Sure but how many replies were there on this and similar topics to wit:

 

How will they ever find out if ...?

4 hours ago, couchpotato said:

A slight exaggeration methinks.  Whats the real figure.

 

At one concert a month that's a 100 years.

Or at a concert every weekend that's still 25 years.

Or at a concert every day, that's still over 3 years

 

 

 

One a month lol, more like 25 a month at one time eg 7-4 concert every Saturday morning at Rama 2, then Vettethai concert at Praradeang in the afternoon followed by Sunday at Dusit zoo and Sunam Luang night Bazzar. Fm 95 concerts of often on Friday evenings, thats 20, then add on other concerts in the week, Tv stations and shows like MuM show, Fan Tv, Wat fairs and concerts at Army and naval bases etc. 1200 is over 25 years, slowed down a bit these days. The most fanatical followers are Japanese, never could keep up with them.

This week only been to 3, fm95 mega concert 6hours, Lamyai at Rama 2 pub and Takkedan at Wong Wian Yai

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48 minutes ago, Mike Lister said:

Laugh all you want but here's a partial list of some of the reports that BOT requires the banks to submit.

 

https://www.bot.or.th/content/dam/bot/fipcs/documents/FPG/2561/EngPDF/25610096.pdf

 

1. AFAICT, those regs only apply to info required to be provided by Thai entities, not just banks, but various other kinds of local financial entities.

 

2. None of that appears to involve financial entities outside of Thailand.

 

 

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