1 hour ago, The Cyclist said:

Canada, pop 40 million, taxpayers 29 million

 

Thailand, pop 75 million, taxpayers 4 million.

 

Something is drastically wrong, and the most likely answer is tax avoidance / evasion.

 

Since when was Canada a third-world developing economy based on subsistence rice farming?

29 minutes ago, NoDisplayName said:

 

Since when was Canada a third-world developing economy based on subsistence rice farming?

Perhaps you are not aware of Thailands Aim and objective of becoming  a high income Country by 2037.

 

Quote

Reducing emissions and adapting to climate change are therefore critical to Thailand’s continued growth and development, and its ability to meet its objective of becoming a high-income country by 2037.

 

https://www.worldbank.org/en/country/thailand/overview

 

One of the way to achieving that is by investment, that investment requires more taxation than Thailand currently raises.

 

But you carry on thinking that changes are not going to come.

 

 

12 minutes ago, The Cyclist said:

Perhaps you are not aware of Thailands Aim and objective of becoming  a high income Country by 2037.

 

Bwahhahhahahahaaaaaaaaaaaaaaaaa!!!!

 

Hub of High Income©

 

13 minutes ago, The Cyclist said:

One of the way to achieving that is by investment, that investment requires more taxation than Thailand currently raises.

 

Bwahhahhahahahaaaaaaaaaaaaaaaaa!!!!

 

Hub of Taxing Ourselves into Prosperity©

Today new Bkk Post article on taxation with lots of details

 

https://www.bangkokpost.com/business/general/3041421/new-approach-to-overseas-income-aims-to-spur-inflows

 

 

 

2 hours ago, K2938 said:

Today new Bkk Post article on taxation with lots of details

 

https://www.bangkokpost.com/business/general/3041421/new-approach-to-overseas-income-aims-to-spur-inflows

 

 

 

Looks like they have noticed a sharp decline in remittances.  Who would have though? 

42 minutes ago, KhunHeineken said:

Looks like they have noticed a sharp decline in remittances.  Who would have though? 

 

Everyone with critical thinking skills understood THAT unintended consequence. 

 

1 hour ago, KhunHeineken said:

Looks like they have noticed a sharp decline in remittances.  Who would have though? 

 

but that sharp drop in remittances (i haven't seen any actual numbers or facts) is probably not because of us foreigners who, due to the "adjusted tax law," are supposedly sending less money to thailand ...

 

i rather suspect, if the claim is even true,  that it's thais (companies, etc.) who have stopped transferring money into thailand

...

 

or maybe this whole new thing is just a temporary (2-year) distraction to give certain influential thais more time to continue their illegal activities ...

 

in all this chaos and with the changing tax laws, everyone is losing track... and nobody knows what rules will even apply in the coming years... what a hopeless banana republic!

5 hours ago, K2938 said:

Today new Bkk Post article on taxation with lots of details

 

https://www.bangkokpost.com/business/general/3041421/new-approach-to-overseas-income-aims-to-spur-inflows

 

 

 

well itis clear as mud - seems like the same BS spread over and over that we saw with lots of comments last month.  Still where is the final "gazette published" changes which means it has been approved by all?

2 minutes ago, Presnock said:

well itis clear as mud - seems like the same BS spread over and over that we saw with lots of comments last month.  Still where is the final "gazette published" changes which means it has been approved by all?

Two articles published on the same topic means the probability is rising😊

15 minutes ago, K2938 said:

Two articles published on the same topic means the probability is rising😊

 

lol.  or one article just copied the other in order to show the 'reporter' is doing some work.

16 hours ago, K2938 said:

Two articles published on the same topic means the probability is rising😊

how many articles on a draft plan to do this or that have there been over the past 2 years?

On 6/4/2025 at 3:53 PM, Presnock said:

well itis clear as mud - seems like the same BS spread over and over that we saw with lots of comments last month.  Still where is the final "gazette published" changes which means it has been approved by all?

notice the same article today in Thaiexaminer.  Note also that they are trying to finish this one before the end of the year. Last comment is telling IMHO -  "opens a two-year window of opportunity but it won't stay open forever".  Expats/foreigners mentioned often in this version as they explain that the Thai revenue department needs a lot of funds.

36 minutes ago, Presnock said:

Expats/foreigners mentioned often in this version as they explain that the Thai revenue department needs a lot of funds.

 

i do believe that the average foreigner doesn't transfer that much money to thailand, since for most people, around 500,000 thb is "tax-free" anyway, and there is also the TDA. the exceptions, of course, are foreigners (maybe more than 10,000 per year?) who like to buy land, houses, or condos, those need transfer larger amounts ...  it also looks like most foreigners ignored the new tax regulation (from 2024) and didn't reduce their yearly transfers ... so no impact ...

 

i think the real reason the flow of (big) money from abroad has dropped is because wealthy thais, companies, and others (chinese?) can no longer take advantage of this loophole in the tax system , and not because of us foreigners who just want to enjoy our pensions here ...

 

3 hours ago, motdaeng said:

 

i do believe that the average foreigner doesn't transfer that much money to thailand, since for most people, around 500,000 thb is "tax-free" anyway, and there is also the TDA. the exceptions, of course, are foreigners (maybe more than 10,000 per year?) who like to buy land, houses, or condos, those need transfer larger amounts ...  it also looks like most foreigners ignored the new tax regulation (from 2024) and didn't reduce their yearly transfers ... so no impact ...

 

i think the real reason the flow of (big) money from abroad has dropped is because wealthy thais, companies, and others (chinese?) can no longer take advantage of this loophole in the tax system , and not because of us foreigners who just want to enjoy our pensions here ...

 

Well IMHO, with many expats holding out on remitting large amounts of funds to purchase cars or condos plus many expats didn't bring in as much as they normally do so when the coffers are short 25 billion baht by Sept, the govt really needs money and they say that they are doing this as a Royal Decree hopefully by the end of the year, hoping to get this year and next year's earnings brought in for consumption plus VAT as the RD won't be getting income tax from this but like the article said, the window of opportunity won't be open forever.  One can believe that the RD will be looking at the amount of monies brought in "tax free" and then watching if they close this window and the money doesn't come in then they will probably begin auditing...but I sure have no idea what the final will look like nor how long it will last nor will it affect me in any case.

On 4/6/2024 at 10:06 AM, Mike Lister said:

 

 

TAX FORMS AND FILING 

 

91) The TRD  tax filing system is on-line but only available in Thai language at present. The tax forms are however available in English and they can be downloaded from the link below. 

 

https://www.rd.go.th/english/65308.html 

 

92) Tax returns must be filed between 1 January and 31 March each year, if you file later than that, penalties will apply. Tax filing is electronic or paper based. The TRD e-filing link below lists TRD agents around the country who are authorised to file returns for customers, if required.

 

93) Completing a tax return is not complicated for most people, if you have difficulty, the Revenue Department staff are extremely helpful. If you want to file electronically, you should ask the TRD office to set up your on-line account and show you how to use the system. If you are not fluent in Thai it may help to take somebody with you who is. If you want to try doing this yourself at home, the TRD e-filing site is where you can apply for an e-filing account, submit forms and also practise using the system. 

 

https://efiling.rd.go.th/rd-cms/ 

 

 

 

My new employer has not been deducting any tax so far from my paychecks, although they are currently paying cash, if I physically go to the tax office to file in January, what documents would I need to bring?

On 5/27/2025 at 4:17 PM, The Cyclist said:

Something is drastically wrong, and the most likely answer is tax avoidance / evasion.

Or, more likely, a totally different economic and tax system!