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Thailand Kicks Off Digital Wallet Registration Tomorrow
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4
Thai Man Arrested for Stealing from Tourists on Ferry to Koh Larn
Accurate pointing! Well done! With that smile she gets 10 / 10 from me! -
2,076
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II
You don't need to be a rocket science to understand that TRD accepts they have a tax collection problem, that's why they amended the rules once already and that's why they would like to amend them a second time, to increase the size of the tax net. My "guess work" that TRD is trying to improve future tax collection and enforcement is based on fact, the BP article tells us that tax collection is improving, "Personal income tax revenue tallied 395 billion baht, 10.9% above the target and 7.5% higher than the previous year". What is factual (from the BP article) is that over 30% of the workforce files a tax return, that is not a very small percentage! What is also factual is that the low average annual wage means a couple earning 24k Baht a month don't have to pay tax. It also means people working as self employed can often earn double that amount and still not pay tax, legally. None of those things have to do with the lack of enforcement of TRD, they are everything to do with the socio-economics of the country. Those things said, I accept that the grey or informal economy is equal to half the value of GDP and that almost 50% of the work force is engaged in it. But as we can see by the recent 10% increase in the tax take, TRD is doing something about it and that trend is continuing, made more possible by electronic banking data collection. So no, it is not just a "very small percentage" who pay tax and no, the low collection rate is not solely "a result of the lack of enforcement". When Thailand was a purely cash economy, it was nigh on impossible to eradicate tax evasion. Now that every transaction is increasingly captured electronically, the task becomes more manageable, which is why rates are improving. https://www.bangkokpost.com/business/general/2799906/tax-refunds-delayed-by-surge-in-fake-submissions. -
5
Kremlin Mocks DOJ Indictments, Urges MAGA Media Allies to Seek Asylum in Russia
Yeah, give them a gala sendoff, then put them on a boat. Then sink it. -
109
Why is Trump Really Running for Office Again?
Entry #7 in the stupid post competition. -
77
Destination Thailand Visa Gains Popularity Among Expats
why did YOU go to that digital nomads meeting? -
6
Thai doctor vows to create "Hitler Room" to gas hospital smokers
Good idea let them inhale all the toxins. -
17
British Man in Pattaya Crashes Motorcycle into Sidecar, Driver Severely Injured
A high powered motorbike? It's a scooter 555 -
2
What's going on with Dave Bautista?
Who the 5..k is Dave Bautista outside America? -
401
Must Read Its Happening - Law to Tax Overseas Income Now in Progress
The article linked earlier mentions that the RD did not get enough money from buyers of condos this year...now they should be reading the "results of the remittances" not being written this year due to this new law. -
17
British Man in Pattaya Crashes Motorcycle into Sidecar, Driver Severely Injured
Yeah, I know. I missed to check that. -
45
Drug-Crazed Man Dies After Being Beaten by Mob Following Tractor Theft in Bangkok
Maybe it's primative as well and possibly the reason the OP lives elsewhere. -
401
Must Read Its Happening - Law to Tax Overseas Income Now in Progress
It's possible and even likely IMO that they only enforce these laws on wealthy people and it goes totally ignored for the rest of us expats. Having this law is an extra tool they have to extort money out of people if need but that doesn't mean they intend to implement an entire system to collect taxes for expats and people on long term tourist visas.- 1
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401
Must Read Its Happening - Law to Tax Overseas Income Now in Progress
But when it comes to farangs laws are enforced. -
6
Interior Paint Colour Scheme Ideas
SWMBO has baby blue on the clearstory, with dark blue in the clearstory ceiling, the rest of that room has one wall grey, another green, another yellow the last wall is a light red and the ceiling is white, it sounds too much but with the biggest wall 10 meters by 4 meters and the clearstory about 3 meters above that it works surprisingly well, the room is about 10 by 9 by 4, there are no support pillars. -
401
Must Read Its Happening - Law to Tax Overseas Income Now in Progress
Those expats who already work here are in the sysytem anyway and it's those that are say, retired, that would need to be identified. I think it will just be a matter of time before they make it a immigration requirement. That is, for extensions. I think that this is the important point for some. However, I also think the the country of income (pension) origin might have a DT (under the DTA) claim procedure (I know the UK has one) but even then it might not be satisfactory and another 'hoop' to jump through.
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