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Cambodia, Thailand developing new money transfer system
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25
I want to be a teacher
A native-English speaker is one who was born into a well-educated English-speaking family, in certain parts of London, but not all parts. -
128
Who Is Controlling the Budget Bill? Trump, Johnson, or Musk?
Biden wasn't negotiating this, and everyone knows it. Trump was the one forced to capitulate and accept defeat. -
1
Hot/Cold kitchen sink mixer tap
I bought this one and I would buy it again. It's pretty expensive but just perfect. -
50
Please, please help me to understand
Is the 180 days actually "living" in Thailand ie a visa that gives residency status. Does a series of tourist stays equalling 180 days in total count as "living" in Thailand. Is any money deposited into a Thai bank account classes as "Income". In the UK income is defined for tax purposes. If I sell my car and live on the proceeds that is not income for tax purposes. -
47
Foreign Tourist Swallows Traffic Ticket in Odd Pattaya Incident
no more excuses, make it happen. -
57
Oz $ losing so much value to the Baht
Can you name some Australian members from this forum that post on the American forum? -
17
Bank Account Help
Tourist visa, back in the day of Triple entries , 2013.Just had my Welsh neighbor get one last year , at Kasikornbank using a Tourist visa and his GF, niece ( Government worker) as a guarantee. -
848
Introduction to Personal Income Tax in Thailand
Says who? Expattax alludes to this. So does Chiang Mai, on this forum. I can't find any TRD backup for this. If I could, I'd withdraw all my arguments. But to say, all that pre 2024 income must be held in a savings account, in order to be non assessable from Thai taxes, is ludicrous. Look at Por 162 again: How does that translate into: To comply, that income must be held in a bank account. Maybe logic would say it must be held in a financial account, allowing for liquidity or near liquidity (for whatever that's worth). But certainly, if liquidity was a requirement, I'd be allowed -- to realize greater interest -- to move that income from a savings account, to a brokerage, or to buy CDs -- or to an IRA account, to have US taxes deferred. Certainly TRD isn't putting out restrictions on what I can earn from where I park that pre 2024 income..... Somebody's certainly misinterpreting what they thought TRD said about: Must be kept in a bank or savings account. Or TRD is bonkers..... (rhetorical). Anyway, I have an LTR visa, so this discussion is moot. But for Jingthing -- it won't likely make a hill of beans whether or not your IRA remittance is covered by Por 162, or not. If it is, then Thailand can't tax it -- but the US taxes it in full, without any Thai tax credit deductions. But, if Por 162 isn't a player, then the DTA takes full affect -- and Thailand has primary taxation authority on your IRA remittance -- but because of the saving clause in the DTA -- the US has secondary taxation rights, but has to absorb a tax credit for the Thai taxes. Bottom line: Only in the latter example, if Thai taxes exceed US taxes, will your total tax bill exceed US taxation only.
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