1 minute ago, chiang mai said:

Dude, are you taking the pith?

No. I am just curious haha. Because most of retired and married foreigners stay in Thailand all the time without leaving the country 

4 minutes ago, TheAppletons said:

 

  No because all of them leave after 179 days and go somewhere else for the rest of the year.  

If they leave after 179 days 

5 minutes ago, Jack1988 said:

No. I am just curious haha. Because most of retired and married foreigners stay in Thailand all the time without leaving the country 

If you stay in Thailand for less than 179 days in any calendar year, you are not considered Thai tax resident. Tax residency has nothing to do with visa type. It doesn't matter whether you are young or old, male or female, married, single or bigamous, trans, gay or into small animals....the rules are the same for everyone. Bye!

18 hours ago, chiang mai said:

"Never exceed 210K in remittance and you'll never cross the threshold to file a return".

 

Don't shoot the messenger but the rules say the threshold is 60k of assessable income.

Chiang Mai - Inoted today, that Pichai says that the parliament passed the taxation bill for the corporate tax earlier in December, and that it has been printed in the GAZETTE ... I also noted several times that he and others in the taxing business mentioned that the worldwide income taxation scheme was part of the corporate tax bill to be implemented  just about now.  Have you heard anything about this new tax law as I found info on it - "Additional Tax Act  B.E. 2567" in today's newspapers.  Just wondering as I haven't been able to find anything additional.

8 minutes ago, Presnock said:

Chiang Mai - Inoted today, that Pichai says that the parliament passed the taxation bill for the corporate tax earlier in December, and that it has been printed in the GAZETTE ... I also noted several times that he and others in the taxing business mentioned that the worldwide income taxation scheme was part of the corporate tax bill to be implemented  just about now.  Have you heard anything about this new tax law as I found info on it - "Additional Tax Act  B.E. 2567" in today's newspapers.  Just wondering as I haven't been able to find anything additional.

I knew about the corporate tax law of course but didn't realise that worldwide income was a part of it, if correct, that will be a shocker, of cataclysmic proportions..

5 minutes ago, chiang mai said:

I knew about the corporate tax law of course but didn't realise that worldwide income was a part of it, if correct, that will be a shocker, of cataclysmic proportions..

you got tht right, even earlier this week, Pichai said in an interview that the indivdual tax was paart ot the Corportate law that the govt was trying to pass before the ned of the year so that it could be implemented  for 2025.  I will continue searching around to see if I can vcme up with anything.  Have a good one....later

 

I did find the law in Thai script but can';t get the xlate to work on it.,..40 pages long.  Will continue search....

As with everything, tax impacts are an individual matter.

Clearly global taxation could be a live in Thailand deal killer for many expats, but personally (as long as social security income remains excluded) it wouldn't be so bad for me. 

Just now, Jingthing said:

As with everything, tax impacts are an individual matter.

Clearly global taxation could be a live in Thailand deal killer for many expats, but personally (as long as social security income remains excluded) it wouldn't be so bad for me. 

Likewise, the US SSc exemption is 50% of my income and makes a huge difference to tax

7 minutes ago, chiang mai said:

Likewise, the US SSc exemption is 50% of my income and makes a huge difference to tax

Yeah, the cost of getting resettled in another country would be much worse than the Thai tax for me.

That said, I really think Thailand should consider granting some kind ID to foreign tax resident taxpayers that would be required to be honored everywhere that double pricing is now the game. Not a driver's license. A specific care for that. On the other hand, I suppose that would need to be updated annually so perhaps not so practical. 

19 minutes ago, Presnock said:

I did find the law in Thai script but can';t get the xlate to work on it.,..40 pages long.  Will continue search....

If this was the case, why did Big 4 and the likes of Expat Tax not pick up on it?

 

1 hour ago, chiang mai said:

If this was the case, why did Big 4 and the likes of Expat Tax not pick up on it?

I queried ex pat and was informed that they are closed until 3 Jan for the holidays.  They noted that they answer my query on 3 Jan.

I did find the 40-page Thai document but after trying to xlate it, I lost it and now ccan't find it ...will check again tmw.  Even the latest ASEAN news and AFRICAN news about the law, included the worldwide inome taxation with the corporate bill.  who knows..Anyway those agencies should have picked something up anyway.  We'll see.  Have a good one...off to working out..,.

6 minutes ago, anchadian said:

 

Anyone know the date on this?

I wish they would show the date on these YT videos but it looks to have been done in the last day or so?

 

I also wish @Presnock had posted his thoughts in a more relevant thread as this one should have been stillborn.........

On 12/30/2024 at 10:54 AM, Jack1988 said:

I don't want to pay tax in Thailand! Can I simply avoid that just put less than 150000thb in my Thai bank account per year? Normally I put 10000 THB every month as I'm not a big spender 

Several specific sources of funds would not be taxed when remitted to Thailand.  On top of the exempt sources you will have exemptions and deductions that can eliminate or lower the tax you would otherwise have owed.  If you want a more specific answer post the source or type of funds your sending to Thailand

On 12/31/2024 at 9:09 AM, ChaiyaTH said:

Many europeans make the same mistake

 

Indeed, the best way to proceed is not to make mistakes, then it can all be done.

 

8 minutes ago, chiang mai said:

Anyone know the date on this?

 

Screenshot taken just now.

 

2 minutes ago, treetops said:

 

Screenshot taken just now.

 

In which case, that is in line with my/our understanding previously, that WWT would take years to implement.....much ado about nothing

10 hours ago, chiang mai said:

If you stay in Thailand for less than 179 days in any calendar year, you are not considered Thai tax resident, unless you are Thai.

 

So you're telling me that a Thai who stays for less than 180 days is still considered a tax resident?

 

Just now, ukrules said:

 

So you're telling me that a Thai who stays for less than 180 days is still considered a tax resident?

 

No, a subsequent correction was made.

Just now, chiang mai said:

No, a subsequent correction was made.

But Americans are U.S. tax residents even if they've never set foot in the U.S.

Just now, Jingthing said:

But Americans are U.S. tax residents even if they've never set foot in the U.S.

American and Thai tax policy is different.

Just now, Jingthing said:

But Americans are U.S. tax residents even if they've never set foot in the U.S.

 

Yes, there's no escaping the land of the free. So much freedom 😂

4 minutes ago, chiang mai said:

American and Thai tax policy is different.

I'm well aware of that!

4 minutes ago, ukrules said:

 

Yes, there's no escaping the land of the free. So much freedom 😂

Exceptional freedom!

6 minutes ago, Jingthing said:

I'm well aware of that!

So what was the point of your post?

13 minutes ago, ukrules said:

 

So you're telling me that a Thai who stays for less than 180 days is still considered a tax resident?

 

The determination of tax residency is settled by examining the strength of connections between the individual and the countries where the taxpayer spends their time.

10 minutes ago, topt said:

So what was the point of your post?

Are you the posting police?

1 minute ago, Jingthing said:

Are you the posting police?

Apologies as I thought it was a simple question. However you seem to be responding like a bear with a sore head........