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2,553
Thai tax tangle: Expats warned of new rules on overseas income
If I were a Brit, I'd certainly bank Carden's interpretation, and thus NOT consider my remitted OAP as assessable income. There's tons of wiggle room with this, as the UK-Thai DTA never addresses OAPs -- and there's not even an "other income" Article in the DTA addressing income not specific to other Articles. Thus OAP is an orphan, ripe for interpretation to your advantage. So, if you have to file a Thai tax return ('cause you have assessable income that exceeds allowances, and thus you owe taxes on it) -- do so; but don't include your OAP. And, of course, if no tax return need to be filed, 'cause OAP's non inclusion puts you below the taxable threshold -- don't file. Don't get a TIN, if you haven't already. And thus stay off the TRD radar screen. Nothing's going to happen. Less than a 1% chance, I would guess, of being called in for a chat at TRD -- unless you remit a huge amount of money to Thailand and thus raise a red flag. And if called in -- take your thumb drive with Carden's and his licensed Thai tax associate's advice on OAP assessability. Hey, always give yourself the advantage in a gray area, particularly if you have a thumb drive backing up your decision. Why some folks, like ExpatThaiTax say, yes, OAPs are assessable -- is beyond me. It really is a gray area, when the DTA is so silent about it. And, if TRD had put something out there to clarify, in Thailand's favor -- I would think Carden would have included this assessment. Or maybe not -- he's the dude that advertised to US expats that, retire in Thailand, and never have to pay taxes on your Traditional IRA again. Snake oil, anyone? -
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Does your tenant inviting a friend to stay a few nights infringe the law ?
I think this is a case of 'farang think too much'.... We regularly have overseas guests staying - I've never once considered submitting a TM30 for them. They don't need it - this is something thats only needed if someone has Immigration business to take care of and has never 'recently' had a TM30 filed anywhere. I don't even bother submitting a TM30 for myself as I'm in and out (via airport) too often to consider getting any extensions etc at Chaeng Wattana Immigration, which is the only time the TM30 etc is checked. -
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Assassination Cult at it again , Its become a hunting ground for the sick !
My knickers arent in a knot. Im not the one cheering the potential death of Trump. Nor permitting such nonsense here. Nor cheering it. -
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DHS Tries To Deport A US Born, American Citizen - Not Clickbait - Can't Make This Stuff Up!
The email was addressed to her, not one of her clients. Nor was one of her clients named in the email So, no, I don't figure that. What a stupid response frankly, but not surprising coming from you to be perfectly honest. -
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Yet another reason that Trump's "Great Leap Backwards" tariff policies are horrible
That's a very real possibility, and since he's only surrounding himself with sniveling a** kissers (complete morons the lot of them) it's only going to get worse. -
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Trump’s Tariffs: A Chaotic Dream within a Lost Era
Refute everything without concern about your biased and flawed opinion and love for a mentally ill dictator.
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