House Approves Sanctions on ICC Over Netanyahu Arrest Warrant
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Thai tax tangle: Expats warned of new rules on overseas income
Saved for posterity You wont be the last to change your mind. -
32
Should I do my own tax online or just pay a Thai accountant
If true, then IMHO it underscores the importance to understand one's own exposure to taxes, and legally manage one's exposure to try and legally ensure no unnecessary taxation. This IMHO believes on needs to be aware of Thai Revenue Department ministerial directives por.161/162, which when taken together in part states any foreign savings/income from before 1-Jan-2024, if brought into Thailand from 1-Jan-2024 onwards is tax exempt, and not to be included in a Thai tax calculation, and not to be considered assessable income. This will not help those living from pension check to pension check, but it may help those who prior to 1-Jan-2024 held a substantial amount of money outside of Thailand. It also, IMHO underscores the need to understand what is written in the Double Tax Agreement (DTA) between Thailand and the source country of one's foreign income (such as pensions in particular). In some cases only Thailand can tax such foreign pensions. In other cases both countries can tax such foreign pensions (and tax credits become involved), and in other cases Thailand has agreed not to tax such foreign sourced pensions. After por.161.162, it is more important now for one to better understand the implications when bringing foreign funds into Thailand. -
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Trump Administration Begins Deportation Flights in Message of Zero Tolerance
Was it there during your heroes term during 2016/20.....? -
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Hegseth has been confirmed.
What happens when Hegseth needs to wake Trump at 3 a.m. to advise on tactical action for nukes in flight to the US, after passing out drunk at the DC local strip club?- 1
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1,306
Thai tax tangle: Expats warned of new rules on overseas income
Crack on and believe what you want. Do you think that there might be a reason that no announcement has been made that changes do not apply or affect expats ? Or these changes only apply to Thais ? Or a simple statement of " Expats crack on as normal " continue to do what you have done for years. Why announce the changes in English, if it does not affect expats ? As I said back in Nov / Dec 2023, these changes are coming about because Thailand joined CRS, and whilst " Its all Kosher Gov, honest " might apply to Thailands domestic tax rules, it does not apply to the rules of an International Treaty. What you believe to be exempt tax filing is actually exempt paying tax, due to a DTA, or a certain Visa, or because Tax Credits will mean no tax is payable, or savings prior to 01 Jan 2024, or any others that I might have missed.
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