.png.3b3332cc2256ad0edbc2fe9404feeef0.png.8488ab72b8bb2e508209bfe3211b6e08.png)
Soapy king takes a bubbly detour: Chuwit’s suds-n-cancer-seek in Scotland
By
webfact
in Thailand News
-
Recently Browsing 0 members
- No registered users viewing this page.
Announcements
-
Topics
-
-
Latest posts...
-
37
Conservatives Take Lead in Polls as Badenoch Boosts Party’s Appeal Amid Labour's Missteps
Starmer rating is a minus number it’s so bad the chance of coming back is not good unless he gets replaced reform will surge all over the uk in wales an Scotland they love farage -
3
Teacher flips out, after student wears Maga hat
I won't tolerate a student wearing a MAGA hat. 'Cause I'm all about tolerance and diversity and inclusion. -
63
Why experts are blasting Trump for 'already breaking the law'
Wrong.... but thanks for playing. -
36
Koh Pha Ngan terror threat claims are really nothing, say police
If a few unwashed hippies get taken out in the crossfire then so be it. -
3
Teacher flips out, after student wears Maga hat
More from another on the lefts anti Trump rant -
5
Landlord with retirement visa: what am I allowed to do?
Isn't there some way you can do a long term land lease for the land, and somehow buy the actual house as a separate transaction? To th original poster: I'd just hire a rental agency and turn it all over to them. They'd get a small cut of the monthly rent. -
51
Thai Tax Returns for Foreigners
We're talking about different things. -
522
Introduction to Personal Income Tax in Thailand
You're right. In the US, if you owe taxes, but don't pay, or under pay, you're subject to fines. If, however, you've overwithheld on your income, or over paid estimated taxes -- and thus don't owe any taxes -- you're free not to file a tax return (unless some of your income is from self-employment). This is why I've got it set up, that when I die, the withholding on the income going to my wife will have a sufficient overwithholding pad to mean she owes no taxes. Thus, dear, you don't need to file anything. And that lost $400 in overwithholding is about what you'd have to pay to hire a US tax guy here in Thailand -- a nice wash, with no effort. The IRS will know, by her 1099s, what was withheld, and what was thus not owed. And the pad I've built in will cover any interest earned here in Thailand, which, of course, wouldn't have a 1099. For Thai taxes? Right now, her retirement income would be assessable, if remitted. But it's not remitted -- it's reinvested in the US. But, if we go to worldwide taxation, it would become taxable by Thailand -- and it exceeds 60,000 (the magic number for supposedly needing to file). But, after TEDA, it would be 400,000 short of being taxable income, i.e., no taxes owed, no tax evasion occurring. So, dear -- don't worry about filing a Thai tax return either. So, yeah, "tax enforcement is a significant risk" -- if you OWE taxes. If not, don't bother to file, unless you want the overwithholding refunded. Another case of "common sense." But, just to be safe -- I'll have my ashes scattered on the TRD parking lot. But, flippancy aside -- I really believe my tax plan for my wife -- who would be completely lost, even in gathering forms to give to a tax accountant -- is sound -- because if you don't owe any taxes, you haven't evaded taxation. Thus, no law infringement. And -- at least in the US -- there are absolutely no penalties for not filing, if no taxes owed (except self-employed). Thailand? Maybe an unlikely 2000 baht fine. Ho hum.
-
-
Popular in The Pub
-
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now