Who said you bank/s aren't passing on your information to governments. Expats be advised !

[EVENKEEL]

2 minutes ago, KhunHeineken said:

One for the Aussies.  At the time, Australia's richest man, Kerry Packer, paid something like, $1 tax.  They held a senate inquiry about it and he gave to them with both barrels.   

 

Famous and funny words, and true of every government around the world. 

 

Even if you are not Australian, it only goes for 43 seconds. Check it out. 

 

He looks like someone nearby farted.

[EVENKEEL]

When I call my bank from overseas and if they ask, I tell them I'm on vacation.

[KhunHeineken]

Just now, EVENKEEL said:

He looks like someone nearby farted.

I'm sure he was real happy to be there. 

[KhunHeineken]

Just now, EVENKEEL said:

When I call my bank from overseas and if they ask, I tell them I'm on vacation.

Why?  They don't know where you are calling from.  Why would they ask anyway? 

 

Now, an official form, either in paper, or inside your internet banking, with fine print saying it's an offense to make a false statement, that's a different thing. 

[EVENKEEL]

5 minutes ago, KhunHeineken said:

Why?  They don't know where you are calling from.  Why would they ask anyway? 

 

Now, an official form, either in paper, or inside your internet banking, with fine print saying it's an offense to make a false statement, that's a different thing. 

I use my Thai number for overseas calls. I'm not hip on the other alternatives. My US number phone is pricey.

[DrPhibes]

18 hours ago, KhunHeineken said:

I found this.

 

DrPhibes and DrPhelps is similar.  Are we among youtube greatness on this thread? 

 

 

Please do not think that tax rate is the same as tax amount paid.  His tax rate is lower but his tax amount paid is much higher due to his higher income.  Amazing how the average man these days has no clue on even the most basic math concepts I learned in 3rd grade.  I have been doing US income tax preparation as a business for the last 30 years after leaving a successful aerospace engineering position due to wanting more time to do other things.  Time is the ultimate coinage.

[KhunHeineken]

On 6/14/2024 at 11:50 AM, EVENKEEL said:

I use my Thai number for overseas calls. I'm not hip on the other alternatives. My US number phone is pricey.

Check out a VOIP provider.  Don't have to be "hip" to use it on a PC or app on phone.  Cheap calls to anywhere in the world, and you can also get call ID and local numbers for your home country. 

[KhunHeineken]

On 6/15/2024 at 6:23 AM, DrPhibes said:

Please do not think that tax rate is the same as tax amount paid.

I never did. 

 

On 6/15/2024 at 6:23 AM, DrPhibes said:

His tax rate is lower but his tax amount paid is much higher due to his higher income. 

Sounds like a great system. 

 

How about mentioning how much he lobbies government.   You know, that great word, "lobbying" which is a legal word to describe "donations" because in the west we can't call them "bribes." 

 

No way would the rich, like him, ever "lobby" government to further their own interests.

 

On 6/15/2024 at 6:23 AM, DrPhibes said:

Amazing how the average man these days has no clue on even the most basic math concepts I learned in 3rd grade.

Example please? 

 

I'm  sure the "average man" would appreciate a less from an "above average man." 

 

On 6/15/2024 at 6:23 AM, DrPhibes said:

I have been doing US income tax preparation as a business for the last 30 years after leaving a successful aerospace engineering position due to wanting more time to do other things. 

Should I be impressed?

 

On 6/15/2024 at 6:23 AM, DrPhibes said:

Time is the ultimate coinage.

Well, in a capitalist society, some see "money" as the ultimate. 

[4MyEgo]

On 6/5/2024 at 6:15 PM, Sheryl said:

 

This is incorrect.You ARE a tax resident in Thailand if you are here 180 days a year or more.

 

There is a difference between being tax resident, having assessable income, and owing taxes.

 

From what you describe of your situation, you are a tax resident in Thailand with no assessable income. Thus owing no tax/not required to file a tax return in Thailand.

 

Strongly suggest you change your answer re tax residency as it may lead your bank to conclude you are tax resident in your home country which could have tax implications there.

 

 

Update:

 

I did exactly what you suggested Sheryl, i.e. changed my answer to tax residency, I said I lived here for over 180 days a year, however as I do not derive an income I consider myself as a resident of Thailand, if you wish to put me down as a tax resident by definition, that is up to you, however as I do not derive an income and never will, I consider myself a resident of Thailand.

 

Their reply which took a while is below, hopefully they stop pestering me now.

 

 

Thank you, the XXX Tax Team has successfully verified your details.

 

Please ignore any further correspondence regarding your foreign tax residency details within the next 2 weeks.

 

You don’t need to do anything further at this stage

We’ll continue our review to make sure the information we hold is up to date. We’ll be in touch if we require any further information. If any of your details change in the future, please let us know so we can update our records.

 

 

Edited June 29 by 4MyEgo

[Chivas]

On 6/5/2024 at 4:39 AM, Doctor Tom said:

Absolutely right.  There is a great deal of false and misleading information floating around social media.  Relax expats, especially the ones on retirement extensions. 

 

When the Thais tie in the TIN status to Retirement extensions (and they obviously will) the shight is going to hit the fan for many....