Coming Out - Aged 60
-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
Popular Contributors
-
Latest posts...
-
78
How do you feel about Thailand being clearly far-right?
Legal weed, don't care about genders, reasonable free health care, do anything and everything they want with a very light brown envelope to solve issues... How the heck do you think Thailand is "far right"? 😂😂😂😂 -
2,663
Thai tax tangle: Expats warned of new rules on overseas income
Not directly. Indirectly they quite likely do contribute to the definition of assessable income in some cases. You need to follow Thai Royal Decree-18, the appropriate DTAs, and also Thai tax law. OK? What DTAs do provide is an agreement on which foreign income is exempt. An agreement Thailand signed up to. And as I noted Royal Decree 18 confirms the use of the terminology exempt from taxation for some income sources noted in DTAs. Then if one looks at the Thai tax law, one can find different examples, where Thai tax law notes some incomes that are exempt from tax are not to be included in the tax calculation. So if a remitted foreign income is not to be included in a tax calculation, that implies it is NOT to be used in calculating if one meets the legal threshold for filing a Thailand tax return, and further it should not be included in one's Thailand tax return (where the calculations are done). so again - that begs the question, ... is foreign remitted income, referenced in a DTA signed and agreed by Thailand, notes that Thailand has no taxation rights on such income, is it still to be included in a Thai tax calculation? For me, that is the crux of the question. So trying to move forward ... - one could look at the Thai tax returns. Surely if a remitted foreign income, that is exempt from Thai taxation, it should be included in the Thai tax return, there MUST be a place to lists such as an income and a deduction. Right? There MUST be as it is exempt taxation. Makes sense! Right? Well - one can list it as an income. But THERE IS NO PLACE TO LIST AS A DEDUCTION. Why? Why? Does that not suggest the Thai RD consider any foreign remitted income that is exempt (per the Thai Royal Decree and appropriate DTAs) are not to be considered assessable income, and are not hence to be used in the Thai tax calculation. Surely if Thailand wanted this tax exempt foreign remitted income listed, and then deducted, they would have a place to deduct it in the Thai tax form. Thailand does NOT. There is no place for such a deduction. Let me repeat that as I believe that point was missed. There is no place to list such as a deduction. WHY? Likely, IMHO because such tax exempt foreign income, per the Thai Royal Decree-18 and the appropriate DTAs, is NOT to included in the Thai tax calculation - which means the income is not to be considered assessable income. Ergo - no law is being broken. Rather the Thai law is being followed as the tax exempt remitted foreign income, per Royal Decree, per DTAs, and per the Thai tax forms, is not assessable income. We Sorry - but the Thai Royal Decree also forms part of Thai law. There is more here. ALL of Thai law needs to be considered. And in essence the DTAs (via the Royal Decree-18) do contribute to the definition of assessable income above and beyond just the specific assessable definitions in the Thai tax law. You seem to want to ignore Royal Decrees. Absolutely !! On that we are in full agreement. -
15
Report Premchai Hospitalised Due to Breathing Issues and Illness
Well, I hear that the Thaksin Suite is vacant. Let's wait what happens here, Dr Chaijudh Karnasuta - his father - might not have been amused but he's long gone. -
90
Video Ex-Air Hostess Charlotte Lee Arrested for £1.5m Cannabis in Sri Lanka
I think you'd notice 46 extra kilos. -
39
Trump Questions Timing of Biden's Cancer Disclosure: “Why Did It Take So Long?”
People like you are trying to flip the narrative. It's not going to work. -
26
Trump deporting migrants to 3rd World countries contrary to Court orders
Who ? If implying Trump, you know it's against forum rules to change post to alter the meaning. The criminal, illegal alien scum ... who cares, as long as outside of the USA. Shame we can't send US criminal citizens outside of the USA.
-
-
Popular in The Pub
-
Recommended Posts