Horizontal Binocular Diplopia - (double vision)
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1,161
Thai tax tangle: Expats warned of new rules on overseas income
I pointed out in a previous thread that Royal Decree 18 exempts taxation per the revenue code per selected DTAs. I did not note, but if you read the Royal Decree, it also makes it clear it is up to the Minister of Finance to be in charge and execute that Royal Decree. That Royal Decree came out in 1962. I confess I have not looked at Thailand tax forms (English & Thai language) going back to 1962, but I have looked back to 2017 (both languages). The best that I could observe, neither have a location on those tax forms to list income under DTAs as tax exempt. Yet the Royal Decree clearly states some foreign income can be tax exempt if covered under a DTA. It has ALWAYS been the case that foreign income remitted to Thailand in the year in which it is earned is taxable. If a tax return was required (despite such income being exempt (per Royal Decree/DTA)) then one would expect a location in the Thai tax form with a blank field for such income to be listed as an exemption. But there is NONE going back to 2017, and probably going back to 1962. Argueably, Thailand has over 1/2 century to put in the Thailand tax forms an exemption field for DTAs that are tax exempt. Thailand has not. Why? Why not? My interpretation (and I believe the interpretation of the Minister of Finance) is that any income that a DTA/Royal-Decree-18 notes is exempt Thai taxation (per Thai revenue code) is in fact exempt for taxation calculation. And hence since it can not be taxed (per Royal Decree-18/DTAs) it does not belong in a tax form, which means it does not form part of evaluating the level of assesable income. So if one has inadequate other income, it could equate to there being no requirement to file a Thai tax return. Once again - this is not new. Royal Decree (and Double Tax agreements) have been in place for decades. And for decades, there is no place in the Thai tax forms under exemptions to place income from DTAs. -
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Trump just said he is going to pardon the J6 "hostages".
So, how do you like J.D. Vance for 2028? The Hegseth conformation was great news huh? -
1,161
Thai tax tangle: Expats warned of new rules on overseas income
Go back to the original tax thread, and you will see me giving Listerine pelters. I was the guy asking him if he was the window cleaner at the big 4. -
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Why oh why
I believe all the mind readers are on vacation at the moment. Maybe you could give us non-readers a hint of exactly where and how you're trying to copy? Using a mouse? Or, using the keyboard to position the cursor and then select?
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