Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II

[stat]

1 hour ago, KhunHeineken said:

Can be worse than what's happening in Australia in relation to energy. 

 

Australia has vast gas reserves, and in fact, is a major exporter of gas, yet Australia is looking at having to import gas.  It will most likely be our own gas that we buy back. 

There are contracts here in Germany were you have to pay over 60 US Cents per KwH in  a fixed contract. Pretty sure AUS cannot "beat" that. The lowest you can get is around 31 US cents.

[KhunHeineken]

15 hours ago, stat said:

There are contracts here in Germany were you have to pay over 60 US Cents per KwH in  a fixed contract. Pretty sure AUS cannot "beat" that. The lowest you can get is around 31 US cents.

You can pay over $0.60AUD per kilowatt in Australia during peak hours, but the electricity providers are charging obscene money for "supply fee."  That's a daily fee you must pay just to be able to have electricity connected to your property.  Do you have this in Germany.    

 

Australia went from being a country with one of the cheapest electricity prices in the world, to a country with one of the most expensive electricity prices in the world, and Australia has an abundance of coal and gas. 

 

The cost of electricity because so expensive it impacted the manufacturing industry to the point it was not viable for many factories to continue. 

 

Australia has experienced electricity shortages in recent times, and they predict gas shortages in the near future.  It's a disgrace. 

[UKresonant]

Have the latest bill, just came in the post (UK);- 

Electric £0.2192 per kwh ~0.43 AUD

Standing charge per day £0.6463 per day ~ 1.29 AUD This is on a fixed contract till 2026,  belive the kwh rate has gone up approx 10% since.

 

Because my 'centre of vital interest' will likely remain the UK, if TRD move to Global Tax it would be very sour, considering all standing costs in the UK.Then add loss of some income being tax free, £3000 CGT allowance loss. Would make that step over the 179 Day line a much bigger issue, compared to remittance basis.

[stat]

On 1/11/2025 at 10:41 AM, KhunHeineken said:

You can pay over $0.60AUD per kilowatt in Australia during peak hours, but the electricity providers are charging obscene money for "supply fee."  That's a daily fee you must pay just to be able to have electricity connected to your property.  Do you have this in Germany.    

 

Australia went from being a country with one of the cheapest electricity prices in the world, to a country with one of the most expensive electricity prices in the world, and Australia has an abundance of coal and gas. 

 

The cost of electricity because so expensive it impacted the manufacturing industry to the point it was not viable for many factories to continue. 

 

Australia has experienced electricity shortages in recent times, and they predict gas shortages in the near future.  It's a disgrace. 

Fully agree it is a disgrace for Australia to have such high electricity prices as AUS is full of natural resources where Germany has close to none. Supply fees also exist here plus a ton of taxes and other nonsense added to your bill. Average like 15USD -30USD per household monthly fee just to be connected to the grid.

[KhunHeineken]

1 hour ago, stat said:

Fully agree it is a disgrace for Australia to have such high electricity prices as AUS is full of natural resources where Germany has close to none. Supply fees also exist here plus a ton of taxes and other nonsense added to your bill. Average like 15USD -30USD per household monthly fee just to be connected to the grid.

Electricity prices are so bad in Australia they are now a regular election issue. 

 

A few years ago there was a saying among pensioners, "Do I heat, or do I eat, because I can't afford to do both."  (in reference to warming the house in winter and also being able to buy food)  The sad thing is, it was true of many pensioners then, and is still true to this day.  People are suffering due to  electricity prices, and there is no end in sight. 

 

Electricity in Australia should never had been privatized. 

 

 

[stat]

Article in PM stating that TH could ease ease taxation on remitted income ...

 

As usual do not shoot the messenger 🙂

 

[Ricohoc]

2 hours ago, stat said:

Article in PM stating that TH could ease ease taxation on remitted income ...

 

As usual do not shoot the messenger 🙂

 

 

Probably bit off more than they could chew. Again. 

[stat]

10 hours ago, Ricohoc said:

 

Probably bit off more than they could chew. Again. 

At least no one in the article mentioned the ww taxation again.

[Ricohoc]

11 hours ago, stat said:

At least no one in the article mentioned the ww taxation again.

 

As those of us all know who have lived here for awhile: TIT. 

 

Keep your head on a swivel. Anything can materialize instantaneously out of thin air.

[tandor]

On 5/19/2024 at 1:54 PM, Mike Lister said:

This thread is a continuation of what was previously known as the long Tax thread which is linked here. The old thread, Part I, has been closed because it had become too long and unwieldy for members to usefully navigate.

 

Several related tax threads exist and these are listed and linked below, this list will be updated as soon as new related threads are started.

 

The Introduction to Personal Income Tax in Thailand, initially referred to as the Simple Tax Guide, is  here.

 

Links to Thai Tax Consultancies  is here. 

 

Legal Strategies to Reduce Thai Tax is here.

 

Feedback from Revenue Contacts is here. 

 

A discussion on Gift Tax is here (to be created)

 

A link to the TRD English language site, containing tax forms, instructions, tax guide and useful extracts from the tax code, here.

 

Copies of all Dual Tax Agreements' here.

 

 

Thanks MikeLister for all you are doing..quick question for my elderly friend who has a Non Immig 'O' (Retirement) extension.

He has registered with the TRD and has been given a Tax ID number.

He lives on his Savings alone which were accrued in his country prior to January 1, 2014, of which he can provide proof of if requested by the TRD.

Do you think this money would be assessable when it arrives into his Thai Savings Account?

Your thoughts appreciated.

 

 

 

 

 

[redwood1]

On 2/20/2025 at 4:10 PM, tandor said:

 

 

Sorry to say MikeLister I believe was abducted by aliens and no longer posts.....

[Yumthai]

2 hours ago, redwood1 said:

Sorry to say MikeLister I believe was abducted by aliens and no longer posts.....

Let's feel sorry for the aliens.

[tandor]

14 hours ago, redwood1 said:

 

Sorry to say MikeLister I believe was abducted by aliens and no longer posts.....

anyone else out there with relevant knowledge who can answer my Q. please?

[TheAppletons]

2 hours ago, tandor said:

anyone else out there with relevant knowledge who can answer my Q. please?

 

  Money that is remitted to Thailand derived solely from savings accrued prior to 1 Jan 2024 is non-assessable.  Had you read a couple of the tax threads on AN, you'd have found that mentioned often and very often.