Is the Tax compliance going to be linked to Visa issuance ?

[theblether]

Just now, Yumthai said:

 

 

 

If ever questioned, the husband's got cash savings at home.

He could have brought up to 15K USD undeclared from each trip abroad for years.

 

 

Prove it.  If you can't prove the undeclared income then......................????

 

I'm getting tired of this. Here's what will happen when you meet the wring tax man. 

 

He or she will hit you with a combined fine and tax liability. You will then need to prove that you don't owe the money. 

 

Tax systems operate on the assumption of guilt until proved innocent, something you don't want to experience in real life. 

[Lorry]

4 minutes ago, Yumthai said:

 

 

 

If ever questioned, the husband's got cash savings at home.

He could have brought up to 15K USD undeclared from each trip abroad for years.

 

I know someone who actually did this.

Now, how to prove he has these cash savings?

[theblether]

2 minutes ago, Lorry said:

It has occurred to many people in the various tax threads, written many times. 

 

 

 

It hasn't occurred to some of the people replying to this thread. 

 

#justsayin' 

[theblether]

1 minute ago, Lorry said:

I know someone who actually did this.

Now, how to prove he has these cash savings?

 

He could always try the "tooth fairy leaves money under my pillow every night" defence. 

 

I'm sure that will work. 

[Yumthai]

Just now, Lorry said:

I know someone who actually did this.

Now, how to prove he has these cash savings?

I'm not saying I'm in this situation but I know many people mainly old chaps living from cash they bring in Thailand. They've never been questioned about the source of their money but it's off topic.

[Lorry]

1 minute ago, theblether said:

 

He could always try the "tooth fairy leaves money under my pillow every night" defence. 

 

I'm sure that will work. 

Seriously.

One friend brought almost 100,000 US cash. At least,  he got a certificate from customs. 

Another friend did exactly what yumthai said, always brought several thousand.  Keepin it well hidden under his mattress and waiting for the baht to depreciate 

These people do exist. 

[chiang mai]

The safest person in this tax mess is the pensioner who has his pension remitted to Thailand every month, the TRD loves this guy because nothing is hidden, everything's in plain view and there are no open questions. The "carry cash on the plane", "my wife supports me" and, "I won it at the border casino, those guys are in for some pain at some point.

[Yumthai]

1 minute ago, chiang mai said:

The "carry cash on the plane", "my wife supports me" and, "I won it at the border casino, those guys are in for some pain at some point.

Maybe, maybe not. Thailand has still a looooong way to go in term of Law enforcement.

 

[theblether]

3 minutes ago, Lorry said:

Seriously.

One friend brought almost 100,000 US cash. At least,  he got a certificate from customs. 

Another friend did exactly what yumthai said, always brought several thousand.  Keepin it well hidden under his mattress and waiting for the baht to depreciate 

These people do exist. 

 

I remember a report here a few years ago by a member saying his pal was caught with $29,000 undeclared at Swampy. He ended up buying his way out of the problem. 

 

If you are transporting buckshee money, take legit money from your account and get a receipt.  Pay the legit money back into the account the next day and keep the receipt. 

 

So when you arrive with buckshee cash you have a receipt to cover the total. 

 

I know plenty of cash-in-hand tradesmen here in the UK that do exactly that. 

 

I'm as pure as the driven snow so it doesn't apply to me. 

[theblether]

5 minutes ago, Yumthai said:

Maybe, maybe not. Thailand has still a looooong way to go in term of Law enforcement.

 

 

🤣🤣🤣

 

Outstanding post, hilarious. Cute you think that law is the issue here and not tea money. 

 

Wonderful. 

[sometimewoodworker]

2 hours ago, Lorry said:

@CapraIbex has written 

" a 'monetary gift contract' drafted by a Thai lawyer, specifying that the gift is genuine and intended solely for my wife's benefit, and detailing the purpose of the gift (such as purchasing government or corporate bonds, a car, building a house, or anniversaries) with my wife also drafting a 'gift acceptance contract,' "

 

I would add the occasion of the gift (even if not necessary between spouses, according to the letter of the law), and have gift contract for each gift.

 

As far as you know, would that be sufficient?

Neither the specific purpose of the gift (it would actually negate the required terms)

nor the occasion for the gift are required between spouses.

 

if you PM me I can give a recommendation 

[KhunHeineken]

3 hours ago, CharlieH said:

Why do people always think they can outsmart the tax authorities by nitpicking over minor technicalities? The tax department are the experts, and it's ultimately up to them to decide what's acceptable. Trying to deceive or outmaneuver them is a pointless effort!

I disagree. 

 

There have been many companies and wealthy individuals that have taken on tax departments in Court and won their case.  It happens all around the world, with many end up being test cases for those to follow.   

 

They scare those without the financial ability to take them on in Court, but many companies and wealthy people have had judgements in their favor at Court, and the tax payer has had to pick up the legal tab for the public servant's incompetence, because the loser pays. 

 

I'm Australian, and at one point in time, this guy was Australia's richest man.  When the government found out he paid little to no tax one year, it hit the media.  

 

He sums it up perfectly, and expats in Thailand should be thinking the same way, particularly as we have no rights here.   

 

 

[KhunHeineken]

4 hours ago, Yumthai said:

He could have brought up to 15K USD undeclared from each trip abroad for years.

Or, brought in 15k USD a few times each year on trips to neighboring countries.  A debatable topic. 

[KhunHeineken]

4 hours ago, chiang mai said:

Straws, for grasping at, at the ready!

Can and will immigration be able to sort the cash runners from the tourists, particularly if they go hard at this policy, many expats may move onto tourist visas?  Serious question? 

[KhunHeineken]

4 hours ago, theblether said:

 

Incorrect. The husband will be ASKED TO PROVE HOW HE IS SUPPORTING HIMSELF. 

 

This is so obvious I am amazed it hasn't occurred to people. 

Who will ask this question, when, and where, and what enforcement may follow? 

 

Not saying it can not / will not happen, because as I have said, it's going to be funny in 2025 with all these foreigners having 800k in the bank, but nothing else  appearing to be flowing through their bank account. 

 

Just interested in how you think the Thai authorities will go about it. 

[KhunHeineken]

4 hours ago, Lorry said:

It has occurred to many people in the various tax threads, written many times. 

 

 

Very true.

 

All will be revealed in 2025, and I dare say, in following years, they will close the loopholes that they discover many have been using. 

 

Basically, this policy could evolve to tighten up.  

 

I expect these tax threads to keep evolving in the same way. 

 

What's allowed in 2025, may not be allowed in 2026, and what's allowed in 2026, may not be allowed in 2027. 

 

Times are changing.  Computer data bases are now talking to each other, not just domestically, but internationally. 

 

It was inevitable, and Thailand has now got onboard. 

[KhunHeineken]

4 hours ago, Yumthai said:

I'm not saying I'm in this situation but I know many people mainly old chaps living from cash they bring in Thailand. They've never been questioned about the source of their money but it's off topic.

That's been most of us, hasn't it? 

 

The way I see it is, as it currently stands, by the letter of the law, and I know most don't even want to consider it, the only sure way to hold all the aces, so to speak, is to only do 179 days in Thailand in a calendar year. 

 

Do this, and you have zero to be concerned about. 

[KhunHeineken]

4 hours ago, Lorry said:

Seriously.

One friend brought almost 100,000 US cash. At least,  he got a certificate from customs. 

Another friend did exactly what yumthai said, always brought several thousand.  Keepin it well hidden under his mattress and waiting for the baht to depreciate 

These people do exist. 

I wouldn't be pushing the boundary that hard. 

 

I'll bring in close to the threshold, actually, probably a little over, just to be seen to be on their books and paying something, but minimal. 

 

The rest will be brought in, through various forms, and I'll let them search for it and bill me for it, if they can, and do. 

 

 

[cjinchiangrai]

The people who are in trouble are the ones that gave up tax residency at home but never complied with tax residency here. The bilateral tax agreements do not cover people that do not file at home, so get ready to pay up.

[KhunHeineken]

4 hours ago, chiang mai said:

The safest person in this tax mess is the pensioner who has his pension remitted to Thailand every month, the TRD loves this guy because nothing is hidden, everything's in plain view and there are no open questions. The "carry cash on the plane", "my wife supports me" and, "I won it at the border casino, those guys are in for some pain at some point.

Firstly, the safest person in this tax mess is the person staying less than 180 days, but sure, the 65k every month pensioner means a tax liability, and all the bureaucracy that goes with it. 

 

As another member hinted at, if some of that 65k is now taxed, they may raise the 65k to 70k.  Not scaremongering, just a possibility. 

 

You are correct though.  They will love these guys for their about 20k in tax every year, which they can't argue against.  Easy targets.  Money just sitting there for the take.

 

What about if these guys decide to pay and agent, and with what's leave out of would would have been their tax bill they have a short holiday in a neighboring country, at the TRD's expense, possibly bringing in some cash.  Could you blame them?   

Edited September 15 by KhunHeineken

[KhunHeineken]

4 hours ago, Yumthai said:

Maybe, maybe not. Thailand has still a looooong way to go in term of Law enforcement.

 

It's called a re-entry permit for a reason. 

 

Are they going to question the cash in the pocket of every returning retirement visa holder, and if they did, if it's under the declarable amount, what's the offense? 

[KhunHeineken]

4 hours ago, theblether said:

 

I remember a report here a few years ago by a member saying his pal was caught with $29,000 undeclared at Swampy. He ended up buying his way out of the problem. 

 

If you are transporting buckshee money, take legit money from your account and get a receipt.  Pay the legit money back into the account the next day and keep the receipt. 

 

So when you arrive with buckshee cash you have a receipt to cover the total. 

 

I know plenty of cash-in-hand tradesmen here in the UK that do exactly that. 

 

I'm as pure as the driven snow so it doesn't apply to me. 

Huh? 

 

Cash is cash.  You receive it, and don't put it into any account, anywhere, at any time.  

 

Cash economy 101. 

[KhunHeineken]

4 hours ago, theblether said:

 

🤣🤣🤣

 

Outstanding post, hilarious. Cute you think that law is the issue here and not tea money. 

 

Wonderful. 

This one is bigger than "tea money." 

 

This one is about collecting money from the masses, in one way or another. 

Edited September 15 by KhunHeineken

[KhunHeineken]

16 minutes ago, cjinchiangrai said:

The people who are in trouble are the ones that gave up tax residency at home but never complied with tax residency here.

If one is staying in Thailand under 180 days a calendar year, they are not a resident for tax purposes, thus no tax compliance needed in Thailand.  

[chiang mai]

Has this thread been rebadged and now know as the Heineken thread? Jeeze dude!!!

[anrcaccount]

9 hours ago, sometimewoodworker said:

Neither the specific purpose of the gift (it would actually negate the required terms)

nor the occasion for the gift are required between spouses.

 

if you PM me I can give a recommendation 

 

In the case where a monetary gift is given and received to / from overseas bank accounts, between spouses, and then remitted to Thailand by the gift recipient, do you see a need for the contract / documentation?

 

Especially since it was done overseas, logically cannot see how having it notarized by a Thai lawyer, in that case, would make sense? 

 

I expect the documentation is only needed, in the unlikely event this specific remittance is ever questioned. 

 

Assuming the gift is under the thresholds, it never gets declared,  it wasn't given / received in Thailand. The proceeds were simply remitted to Thailand. 

[Yumthai]

11 hours ago, theblether said:

🤣🤣🤣

 

Outstanding post, hilarious. Cute you think that law is the issue here and not tea money. 

 

Wonderful. 

Indeed corruption is the inner problem, lax and inconsistent Law enforcement is just the direct consequence of it.

So, for all people hoping worrying believing Thailand will be able to successfully enforce their tax rules soon (as in the West), the only way they can achieve it is to drastically mitigate their tea money standards and law-bypassing services. Good luck with this one.

 

[cjinchiangrai]

9 hours ago, KhunHeineken said:

If one is staying in Thailand under 180 days a calendar year, they are not a resident for tax purposes, thus no tax compliance needed in Thailand.  

And if you are over 180, pay up.

[Jim Blue]

On 9/10/2024 at 10:37 AM, rocketboy2 said:

It's all just speculation.

Now It's beer o'clock, a large Leo,  thank you. 

 

How about a draft Leo  Does it exist ?

[CapraIbex]

13 hours ago, sometimewoodworker said:

Neither the specific purpose of the gift (it would actually negate the required terms)

nor the occasion for the gift are required between spouses.

 

if you PM me I can give a recommendation 

Psst... I’ve got some highly classified intel on what you're dying to know, but trust me—it’s too hot for the public eye. PM me and bring a flashlight! nudge, nudge - wink, wink. LOL