What was 2024 like for you ?
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819
Thai tax tangle: Expats warned of new rules on overseas income
PN90 Personal Income Tax Return for taxpayer with income not only from employment PN91 Personal Income Tax Return for taxpayer with only income from employment under Section 40 (1) of the Revenue Code Only (1) Income derived from employment, whether in the form of salary, wage, per diem, bonus, bounty, gratuity, pension, house rent allowance, monetary value of rent-free residence provided by an employer, payment of debt liability of an employee made by an employer, or any money, property or benefit derived from employment. Makes sense. PN91 is the short form, only for employment income. Under the rules, pension is considered derived from employment. You have no other income streams? No Thai sourced interest or dividends? No remittances of capital gains or dividends from outside? Maybe you can answer some of our questions: Is your pension non-assessable, excluded by DTA? If so, if entered on your PN91, how do you deduct it? Do you pay any tax on your pension in your home country? If so, how do you claim a credit for foreign tax paid? -
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819
Thai tax tangle: Expats warned of new rules on overseas income
The small print at the bottom is interesting where it states: It has me thinking the view of some of us that remitted pension income noted in a DTA as not being taxable in Thailand , but only taxable in the pension source country, does not need to go on a Thai tax return. Further if that is one's only income then there is no need to submit a Thai tax return. ...and it goes on a bit to provide some ?? guidance where a DTA provides for both countries (source & Thailand) to tax a pension. -
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*Inauguration Day *- January 20, 2025
the numbers of people wanting to attend and the huge amount of foreign leaders and dignitaries is astounding. This is one of the best inaugurations in history. Weird how people wanted to fight and resist and suddenly Trump is the most popular guy on the planet. -
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American and Canadian Tourists Die After Collapsing at Phuket Music Festival
A drug related death at a festival is hardly remarkable , It takes more than two to suggest a pattern it could easily be a coincidence, three would be the minimum required to suggest anything more -
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Is It worth Paying NI Top-up?
It all depends on what your situation was in 2016 when it all changed. How many years you had at that point which from memory decided under which system you would be paid at. For example I had to pay for years after 2016 at the highest rate to get to the full "new" figure as I was contracted out but I could not (well I could have but would have made no difference) pay for some cheaper years at Class 2 or whatever rate as I had been working abroad prior to that. There was a lot of negative press a couple or more years ago about people who paid out large sums only to be told they would not get any increase and This is Money Online (Daily Mail) ran a campaign to help people try and get refunds and to publicise the situation. it was discussed on here at the time. Just found this - https://www.thisismoney.co.uk/money/pensions/article-10927867/How-state-pension-Steve-Webb-launches-site-help.html#m6575lcenuvj9mlzzp
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