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603
Revenue Department boss calls on tax residents in Thailand to file 2024 returns by March 31
I don't think that the information shared under either FATCA or CRS would drill down to the level of the makeup of remittances. My understanding is that the relevant reports exchange information on account balances and interest/dividend income paid by the financial institution that holds the account. Seeing a large account balance on a FATCA/CRS report may cause a tax authority to take a closer look at the account and the sources of those funds via an audit, however. I don't think these reports drill down into the nature of deposits/withdrawals/remittances, etc, so FATCA/CRS would be of limited use to Thai tax authorities when it comes to remittances. It would be up to the Thai tax authorities to make inquiries based upon information that either the taxpayer or the local bank provides. I admit I may not have the full picture, so anyone with more complete information, please advise. -
603
Revenue Department boss calls on tax residents in Thailand to file 2024 returns by March 31
Read this carefully How does a Wise transfer / other platforms available, into a Thai bank account prove that the remittance is not involved in tax evasion and is tax compliant ? Do you really think that a " It's all kosher guv, honest " is suitable for compliance with an international agreement ? -
76
January 6, 2021 -- a day that will live in infamy
Not whataboutism at all. Simply pointing out incredible levels of hypocrisy. -
603
Revenue Department boss calls on tax residents in Thailand to file 2024 returns by March 31
I suspect you agree, for some it depends on the DTA. In some cases the DTA state only Thailand can tax, in other cases only the 'other country can tax', and in other cases both can tax where one has priority. However I am considering more the case of CLEARLY assessable income from before 1-Jan-2024, which is now considered tax exempt. There is no provision for that in the 2023 tax form (nor from what I could see in the English translation of the Thai 2024 tax form - albeit the translation I was using was admittedly poor). I am also considering more the case of the LTR visa where the Royal Decree for LTR visa specifically notes ASSESSABLE income for some LTR visa holders is tax exempt. The Royal Decree specifically refers to ASSESSABLE INCOME for those Visa holders and it does not in ANY location state anywhere that such income should then be treated as not assessable. Possiby this is only 'wording'. Possibly not. Of course there are differences of opinion as to how such income should be assessed (after it is known to be tax exempt) and I am not going to push one view over the other but I do note both views (ie such should be ONLY considered "not-assessable" (as it is tax exempt) ??? or such should be considered the assessable income that it is and a tax exemption applied to it ??? Dare I say some expats deny the others view? and either could be correct. I openly admit I do not know. Hence until all this settles, I plan to have no Thai income and to remit no income to Thailand. I remitted a lot (to Thailand) previously when I was not a Thai tax resident. -
64
3 ways to make TV/AN a more pleasant and more useful experience
@atpeace's comments have helped crystalize the idea that ignored users and trolls are not the same. Can be a lot of overlap, yes, but not necessarily. The focus on this thread is NOT who is or isn't a troll. Rather the focus is on how to use the ignore user function ... for trolls or anyone you don't want to bother with. I may host a PM group topic on how we might select "ignored" users. Not actually "who", but "how" to select who. I have five explicit criteria, and am looking for more. But that topic sure won't appear here on the open forum. -
0
Israeli soldiers face war crimes arrest abroad
https://www.msn.com/en-us/news/world/israeli-soldiers-face-growing-risk-of-arrest-abroad-after-gaza-service/ar-AA1wZE33 Apparently it's not a good idea to post on social media about being involved in the controlled demolition of multiple residential homes. -
76
January 6, 2021 -- a day that will live in infamy
January 6th, a day that left-wing nutcases wished lived in infamy, but has already been forgotten by most. 🤦♂️ What about the BLM riots? Months long, millions of dollars of damage, multiple people killed. But no, we should keep in mind the time that a few guys walked into a building and took some selfies... 🙄 Pathetic. -
11
PM Paetongtarn’s Asset Declaration Reveals 162 Million Baht Watch Collection
That is where my sales tax go. Terrible. How about actually spend money widening streets and putting unobstructed sidewaks.
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