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579
Revenue Department boss calls on tax residents in Thailand to file 2024 returns by March 31
And accountants find ways around them so governments fill loopholes and kill off work arounds. it's the way the game is played. -
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British tourists’ speedboat crashes into Thai mangrove forest - video
Another drunk Brit? What could possibly go wrong. -
54
Elections have Consequences
The bureaucracy unburdened by deceitful bureaucrats on the left! What a wicked web the government weaves! DOGE to the rescue. Elections have Consequences. -
579
Revenue Department boss calls on tax residents in Thailand to file 2024 returns by March 31
No its not. It's money that moves across CRS borders that is of concern. The money I earn in the UK, pay tax on in the UK and stays in the UK is of no concern to CRS. Jim Gant has tried to educate you on this. But, you consistently misunderstand/misinterpret the CRS regulations and their impact. "Transferring/remitting funds internationally" or moving money across borders, isn't relevant to the CRS data sharing. You're inventing a phantom link between the CRS regulations, remittances, and Thai taxation, that simply does not exist. By the way, whatever your aggregate UK A/C balances are (unless they are excluded , read the source below for definition) , and whatever certain transactions as per below, will be reported to Thailand via the CRS. CRS simply requires certain banks/financial institutions to share/report aggregate ( sum of multiple accounts, not individual) account balances, ONCE A YEAR, and does not include individual transactions, excepting the cases of certain income as specified in table 5 (see below). There is no way this information shared includes individual "remittances". It's got nothing to with 'declarable income'. CRS Source: https://www.rd.go.th/fileadmin/user_upload/FATCA_File/crs/Thailand_CRS_Guidance_280823.pdf Table 4 (page 60) it defines exactly what financial information is shared. Also, FYI, based on this link, Thailand has not yet actually IMPLEMENTED what they are required to, based on the CRS regulations. Source: https://web-archive.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/crs-by-jurisdiction/index.htm- 1
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579
Revenue Department boss calls on tax residents in Thailand to file 2024 returns by March 31
My bad, I should have said tax evasion and ensure tax compliance. So I will ask you the same question. How can Thailand hold up its part in CRS without checking peoples remittances into Thailand ? -
579
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579
Revenue Department boss calls on tax residents in Thailand to file 2024 returns by March 31
Every government tries to tighten rules to minimise the opportunity for avoidance. Whilst it is not illegal to avoid tax, it is not desirable from a tax collection perspective.
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