Thailand's Expats Urged to Register with TRD for Tax, Says Expert

[soalbundy]

On 11/7/2024 at 7:37 AM, proton said:

No thanks, and any tax return forms will go in the bin. No taxation without representation, or at least something back for it.

We'll be watching your progress in court. Don't try to be clever with the tax office, you have more chance of leniency in a homicide case.

[The Cyclist]

6 minutes ago, BritManToo said:

Now I'm even more confused!

Your posts appear 100% to be judging every expat living in Thailand.

Even your quoted post judged me as a criminal.

 

Amazing Thailand

 

Where did I mention anything to do with crime ?
 

I think you were the one yesterday, that was accusing people of crimes. Oblivious to the fact that the person could be a Thai Citizen.

 

Cap fits, wear it with pride.

[redwood1]

5 minutes ago, The Cyclist said:

 

This is not the US.

 

Maybe you go back to Kansas Toto.

 

A bank becoming a tax office 100% WILL NOT WORK EVER...

Do you understand?

 

Its already failed before it started....So no one needs to do this...Not now not ever....

 

[BritManToo]

5 minutes ago, The Cyclist said:

Amazing Thailand

Where did I mention anything to do with crime ?
I think you were the one yesterday, that was accusing people of crimes. Oblivious to the fact that the person could be a Thai Citizen.

 

Cap fits, wear it with pride.

I've never claimed to be non-judgmental, that was your claim.

You were judged by me and found wanting the moment you posted shill videos from a disreputable source.

[The Cyclist]

16 minutes ago, BritManToo said:

You were judged by me and found wanting

 

😀😀😀😀😀

 

Aye OK

 

Wonder who posted this

 

Quote

Worst case, I can get a VISA outside of Thailand (no money in Thai bank), not have a bank account in my name here, and get her to open a bank account in her name (and on my phone) for me to use in Thailand.

Edited 5 minutes ago by BritManToo

 

 

Sweating much ?

Edited 6 hours ago by The Cyclist

[chiang mai]

2 hours ago, redwood1 said:

 

Ok take the USA....Has anyone EVER been required to submit their income sources to ANY bank for tax purposes?

 

Nope Never.......

 

Maybe because the bank is not the IRS......Its not the banks job to be the IRS...

 

 

The whole concept of of a bank becoming a tax office is ridiculous and makes no sense.....And will not work...But dumb ideas like this never seem to be in short supply around here.

 

 

This is not the USA, it's Thailand, things are very different here....get used to it.

[chiang mai]

2 hours ago, BritManToo said:

I'm confused by your keenness to comply and help the authorities?

IMHO civil disobedience is always the way forward.

And if they need to audit everyone, then take us all to court, let them do it!

My VISA extension is good until Nov 2025, what can they do to me before that?

 

The more compliant you are, the worse it will be for everyone!

 

Wow BM, even for you that's a stretch!

 

Civil disobedience by foreigners, do you have any idea how many nano-seconds that would be tolerated.

 

" My VISA extension is good until Nov 2025, what can they do to me before that?" Cancel it and kick your arse out, that's what.

 

"The more compliant you are, the worse it will be for everyone!" Translated into English that reads, the more you follow the rules, the more difficult it will be for you not to!!!

 

Edited 4 hours ago by chiang mai

[BritManToo]

2 hours ago, The Cyclist said:

 

😀😀😀😀😀

Aye OK

Wonder who posted this

Sweating much ?

Not at all, I don't really give a poop what hot country I live in.

[anchadian]

Not going through all these posts looking for it.

 

Has anyone considered transferring gift(s) to your wife or girlfriend?

 

Up ro 20 million in a tax year is tax exempt for relatives and up to 10 million a year again is tax exempt for non-relatives on the understanding that you do not gain any benefit and it is solely not for living expenses.

 

This would work in my case as my girlfriend has a job and she has told me on several occasions not to give her any money, but I do anyway (her savings account is very healthy).

Apologies if already discussed previously.

Edited 2 hours ago by anchadian

[In Full Agreement]

1 minute ago, anchadian said:

Up ro 20 million in a tax year is tax exempt for relatives and up to 10 million a year again is tax exempt for non-relatives on the understanding that you do not gain any benefit and it is solely not for living expenses.

 

Great idea.    Then she can run off with her young Thai boyfriend.

 

 

[redwood1]

37 minutes ago, anchadian said:

Not going through all these posts looking for it.

 

Has anyone considered transferring gift(s) to your wife or girlfriend?

 

Up ro 20 million in a tax year is tax exempt for relatives and up to 10 million a year again is tax exempt for non-relatives on the understanding that you do not gain any benefit and it is solely not for living expenses.

 

This would work in my case as my girlfriend has a job and she has told me on several occasions not to give her any money, but I do anyway (her savings account is very healthy).

Apologies if already discussed previously.

 

Yes gift giving has been discuses endlessly here on these threads....

 

And the pro tax people think big brother will be watching your gift giving 24/7/365 and grill you endlessly about your gift giving intent...So be scared...

 

And the anti tax people think gift giving is a great idea.And will just be doing it, without getting sucked into the legalize rat hole that just goes no and on. and changes by the day around this subject..

Edited 1 hour ago by redwood1

[chiang mai]

57 minutes ago, anchadian said:

Not going through all these posts looking for it.

 

Has anyone considered transferring gift(s) to your wife or girlfriend?

 

Up ro 20 million in a tax year is tax exempt for relatives and up to 10 million a year again is tax exempt for non-relatives on the understanding that you do not gain any benefit and it is solely not for living expenses.

 

This would work in my case as my girlfriend has a job and she has told me on several occasions not to give her any money, but I do anyway (her savings account is very healthy).

Apologies if already discussed previously.

You seem to have the main details already, only thing to note is that the gifted funds are still assessible on you, if tax assessable funds are used. In other words, you cannot use Gift Tax to avoid tax assessment on remitted funds, just by gifting them to another.

[chiang mai]

24 minutes ago, redwood1 said:

 

Yes gift giving has been discuses endlessly here on these threads....

 

And the pro tax people think big brother will be watching your gift giving 24/7/365 and grill you endlessly about your gift giving intent...So be scared...

 

And the anti tax people think gift giving is a great idea.And will just be doing it, without getting sucked into the legalize rat hole that just goes no and on. and changes by the day around this subject..

RW, quit trolling the tax threads, if you don't have a useful contribution to make, stay quiet.

[redwood1]

2 minutes ago, chiang mai said:

RW, quit trolling the tax threads, if you don't have a useful contribution to make, stay quiet.

 

People really should take their own advice... 

[JimGant]

13 minutes ago, chiang mai said:

You seem to have the main details already, only thing to note is that the gifted funds are still assessible on you, if tax assessable funds are used. In other words, you cannot use Gift Tax to avoid tax assessment on remitted funds, just by gifting them to another.

Agree one hundred percent. But, why the new conclusion -- this gift exemption from income taxes has been in limbo for ages...... Some new information -- or just enlightenment.?

 

Anyway, common sense (that annoying tie breaker term) says: No difference, if assessable income is sent to Thailand, and the receiver is: 1. My bank account. 2. My wife's bank account. 3. My GF's bank account.4. Real estate agency, for purchase of new condo. 5. Society for the saving of soi dogs. Blah, blah, blah. Yeah, it might be a gift -- but that's irrelevant to source of remittance -- and related tax bill.

 

This subject attracts a lot of energy. And the logical answer annoys a lot of folks looking for an angle. But, hey, go ahead and believe you see a grey area -- and file your tax return accordingly. Probably will get away with it -- and if you really see a grey area, you can sleep comfortably, believing you're not a tax evader -- should you have any morals regarding taxes.

[The Cyclist]

43 minutes ago, chiang mai said:

You seem to have the main details already, only thing to note is that the gifted funds are still assessible on you, if tax assessable funds are used. In other words, you cannot use Gift Tax to avoid tax assessment on remitted funds, just by gifting them to another.

 

Not withstanding that the ' Gift ' has to be for very specific reasons. 3 or 4 I recall.

 

Not just willy-nilly 

[chiang mai]

17 minutes ago, JimGant said:

Agree one hundred percent. But, why the new conclusion -- this gift exemption from income taxes has been in limbo for ages...... Some new information -- or just enlightenment.?

 

Anyway, common sense (that annoying tie breaker term) says: No difference, if assessable income is sent to Thailand, and the receiver is: 1. My bank account. 2. My wife's bank account. 3. My GF's bank account.4. Real estate agency, for purchase of new condo. 5. Society for the saving of soi dogs. Blah, blah, blah. Yeah, it might be a gift -- but that's irrelevant to source of remittance -- and related tax bill.

 

This subject attracts a lot of energy. And the logical answer annoys a lot of folks looking for an angle. But, hey, go ahead and believe you see a grey area -- and file your tax return accordingly. Probably will get away with it -- and if you really see a grey area, you can sleep comfortably, believing you're not a tax evader -- should you have any morals regarding taxes.

I personally have always understood it to be that way. Subsequent to the earlier debates, many more people appear to have agreed with that view. A main driver is that there is nothing in the TEDA instructions or the Code, that allows for an exemption on income that is subsequently gifted, only a reduced rate of tax to the Giftee, above certain limits.

[chiang mai]

49 minutes ago, redwood1 said:

 

People really should take their own advice... 

I tried to ask nicely.