I think I found a solution to this tax nonsense

[Celsius]

My wife actually has a job and earns a decent income.

 

I will just attach myself to her tax return so it looks like she is supporting me. May even get a bigger refund!

 

I will be using ATM and my non Thai credit cards to survive here.

 

If I decide to stay......

[Mike Lister]

16 minutes ago, Celsius said:

My wife actually has a job and earns a decent income.

 

I will just attach myself to her tax return so it looks like she is supporting me. May even get a bigger refund!

 

I will be using ATM and my non Thai credit cards to survive here.

 

If I decide to stay......

How are you going to pay your non Thai credit card bills, from where?

[Celsius]

1 minute ago, Mike Lister said:

How are you going to pay your non Thai credit card bills, from where?

 

I don't understand.

 

I pay using online banking as I did in the last 10 years.

[Mike Lister]

Just now, Celsius said:

 

I don't understand.

 

I pay using online banking as I did in the last 10 years.

Well, it's just that if Thailand adopts the same approach as the UK with non-doms, those credit card transaction would represent income that should be declared. This is because it's where the bill is paid from that's the key issue. Not surprisingly, others have been down this same road before and Revenue Departments in various countries are wise to the scam strategy..

[Celsius]

2 minutes ago, Mike Lister said:

Not surprisingly, others have been down this same road before and Revenue Departments in various countries are wise to the scam strategy..

 

What revenue department has the authority to audit your credit card bill from another country.

 

Master Card woould just laff at them and tell them to FO

[Mike Lister]

3 minutes ago, Celsius said:

 

What revenue department has the authority to audit your credit card bill from another country.

 

Master Card woould just laff at them and tell them to FO

Hey, don't take me to task on this, I'm just giving you info. I imagine that Visa and Mastercard networks probably have global agreements covering cross border transactions and the reporting thereof. I don't understand the end to end settlement process for Visa and MC but the central banks and IBS are in the loop somewhere.

Edited December 9, 2023 by Mike Lister

[The Cyclist]

Quote

I think I found a solution to this tax nonsense

 

Calm down and await concrete details from the RD would appear to be a good solution at this stage.

[JackGats]

Not really a solution. More like ways to evade taxes that may or may not stay under the radar. It was agreed in previous threads that paying with a foreign credit card was tantamount to bringing funds into Thailand.

[Celsius]

25 minutes ago, JackGats said:

Not really a solution. More like ways to evade taxes that may or may not stay under the radar. It was agreed in previous threads that paying with a foreign credit card was tantamount to bringing funds into Thailand.

 

Name 1 country that audits your credit card for buying groceries.

 

You guys are a barrel of laffz

[metisdead]

A post with a derogatory comment toward Thais contravening our Community Standards has been removed. 

[Mike Lister]

Just because you don't understand how they do it, doesn't mean they don't.

[blackcab]

2 hours ago, Mike Lister said:

Well, it's just that if Thailand adopts the same approach as the UK with non-doms, those credit card transaction would represent income that should be declared.

 

At the minute Thailand is not taxing worldwide income, so no problems there.

 

2 hours ago, Mike Lister said:

This is because it's where the bill is paid from that's the key issue.

 

Perhaps in other countries, but not in Thailand, and that is what matters.

[Mike Lister]

10 minutes ago, blackcab said:

 

At the minute Thailand is not taxing worldwide income, so no problems there.

 

 

Perhaps in other countries, but not in Thailand, and that is what matters.

I agree that Thailand is not taxing worldwide income. However, there is little difference between transferring cash from say the UK to Thailand and having to declare that cash as assessable income, and buying things on a credit card in Thailand using money from the UK and then paying the bill from here in Thailand. In both cases, the funds originate from overseas, and are spent here in Thailand.

[BenStark]

The law is not in force yet, and so far nobody actually knows what it exactly consists of, how it will be enforced, and how it will affect expats.

 

Do we really need 5 threads a day from someone who has "the solution"?

[Liverpool Lou]

6 minutes ago, BenStark said:

The law is not in force yet, and so far nobody actually knows what it exactly consists of, how it will be enforced, and how it will affect expats.

 

Do we really need 5 threads a day from someone who has "the solution"?

Clearly, you're right, we don't, but there's always going to be some AN posters who are desperate to keep the scaremongering going.

[Ben Zioner]

2 hours ago, Celsius said:

My wife actually has a job and earns a decent income.

 

I will just attach myself to her tax return so it looks like she is supporting me. May even get a bigger refund!

 

I will be using ATM and my non Thai credit cards to survive here.

 

If I decide to stay......

How big is your house, and how many cars do you own?

[Celsius]

1 minute ago, Ben Zioner said:

How big is your house, and how many cars do you own?

 

Her house is on Pracha Uthid and she owns 1 car.

 

We live in Ekkamai condo most of the time that we rent.

 

Relevance?

[Ben Zioner]

36 minutes ago, Mike Lister said:

Just because you don't understand how they do it, doesn't mean they don't.

I think it would remain low risk for a year or two, but they will get organised, staffed, etc.. To get on top of it will cost them more than anything they recoup. At least at the  beginning, their clever little change will require investment.

[Mike Lister]

Just now, Ben Zioner said:

I think it would remain low risk for a year or two, but they will get organised, staffed, etc.. To get on top of it will cost them more than anything they recoup. At least at the  beginning, their clever little change will require investment.

Yes, I agree

[Ben Zioner]

4 minutes ago, Celsius said:

 

Her house is on Pracha Uthid and she owns 1 car.

 

We live in Ekkamai condo most of the time that we rent.

 

Relevance?

RD can come and match standard of living with declared income. That's  one of the basics.

[Celsius]

2 minutes ago, Ben Zioner said:

RD can come and match standard of living with declared income. That's  one of the basics.

 

Kinda odd when Farang can't own a house in Thailand.

[NorthernRyland]

2 hours ago, Mike Lister said:

Hey, don't take me to task on this, I'm just giving you info. I imagine that Visa and Mastercard networks probably have global agreements covering cross border transactions and the reporting thereof. I don't understand the end to end settlement process for Visa and MC but the central banks and IBS are in the loop somewhere.

that's a good point. The Thai government could require major banks to disclose Thailand-based transactions under your name. I'm sure they have loopholes in place to violate your privacy.

 

I imagine they're going to have us volunteer our spending and if the numbers are too low you'll get pulled aside.

[NorthernRyland]

14 minutes ago, Ben Zioner said:

I think it would remain low risk for a year or two, but they will get organised, staffed, etc.. To get on top of it will cost them more than anything they recoup. At least at the  beginning, their clever little change will require investment.

If they can get 10% of all transactions made by expats that will pay for itself. If they put any thought in to this at all there must have some minimum figure their targeting. It's possible though this was just something drafted up by a few people and they never spent any time considering how it will be implemented (typical for the government here actually).

[Etaoin Shrdlu]

4 hours ago, Celsius said:

 

What revenue department has the authority to audit your credit card bill from another country.

 

Master Card woould just laff at them and tell them to FO

 

Just over a decade ago, when the IRS was blowing up Switzerland's bank secrecy, one of the dodges that they cracked was the use of debit and credit cards issued by Swiss banks to Americans to use in just the manner you contemplate. With FATCA and CRS, I think it would be even easier to get this info than it was 15 years ago. I'm not saying the Revenue Department will do this in a comprehensive way any time soon, but I don't think credit card or debit card info is beyond the reach of state actors,

[Jaggg88]

5 hours ago, Celsius said:

My wife actually has a job and earns a decent income.

 

I will just attach myself to her tax return so it looks like she is supporting me. May even get a bigger refund!

 

I will be using ATM and my non Thai credit cards to survive here.

 

If I decide to stay......

So do you earn untaxed income from abroad or online and bring it onshore to Thailand? because if you don't then there is no tax nonsense you have to worry about. The amendment to the existing tax law is designed to collect money from people who previously didn't have to pay tax on their untaxed income abroad as long as they didn't bring it onshore in the same tax year as it was earned. Unfortunately, we may have to start supplying more information but if your earnings are taxed in your home country and that country has a double taxation agreement with Thailand then it will not be taxed again. If your earnings in your home country are only small and do not reach the threshold for taxation they still will not be taxed in Thailand because your earnings were assessed for tax purposes and none was due therefore your earnings are not untaxed but taxed assessed and zero payment required.

[topt]

36 minutes ago, Jaggg88 said:

but if your earnings are taxed in your home country and that country has a double taxation agreement with Thailand then it will not be taxed again. If your earnings in your home country are only small and do not reach the threshold for taxation they still will not be taxed in Thailand because your earnings were assessed for tax purposes and none was due therefore your earnings are not untaxed but taxed assessed and zero payment required.

Your interpretation?

 

Also could depend on different DTA agreements and interpretation of. Covered over and over and over in one of the many tax threads - have you read it?

 

The reason I query is that in one of them someone posted an interview from a blogger with a supposed tax lawyer who said they were discussing details with the RD but still had no clear answers.........

[DrJoy]

3 hours ago, Ben Zioner said:

RD can come and match standard of living with declared income

I have not seen even one officer of the Thai Revenue Dept who speaks even rudimentary English.

 

I have been to their head office on Paholyothin road, none of them could speak English.

 

 Even 2nd graders speaks better English than them.

 

How will they communicate with foreigners and tell them that their tax is due?

 

Their e tax filing website is in Thai only

[Fat is a type of crazy]

3 hours ago, DrJoy said:

I have not seen even one officer of the Thai Revenue Dept who speaks even rudimentary English.

 

I have been to their head office on Paholyothin road, none of them could speak English.

 

 Even 2nd graders speaks better English than them.

 

How will they communicate with foreigners and tell them that their tax is due?

 

Their e tax filing website is in Thai only

Not sure that is that important. Same as other countries it is the individuals responsibility to lodge if appropriate. Most countries would not have etax site in multiple languages I should think. If you were picked for an audit the staff would likely have access to interpreters and translators.

Wouldn't stop them as noted above matching income to lifestyle. 

Edited December 9, 2023 by Fat is a type of crazy

[Mike Lister]

6 hours ago, DrJoy said:

I have not seen even one officer of the Thai Revenue Dept who speaks even rudimentary English.

 

I have been to their head office on Paholyothin road, none of them could speak English.

 

 Even 2nd graders speaks better English than them.

 

How will they communicate with foreigners and tell them that their tax is due?

 

Their e tax filing website is in Thai only

Pretty much all the officers and staff in the Chiang Mai Districts 1 & 2 offices speak English at different levels, some of them speak it extremely well, why Bangkok is anything different is odd. Either you are exaggerating or you mean the one or two officers you spoke to don;t speak English as well as you might like.

 

There is an English language version of the tax regulations and the tax forms that have been posted in other threads that discuss the new tax law, take a look.

[Ralf001]

13 hours ago, Celsius said:

 

 

I will just attach myself to her tax return

 

How ?