what money is taxed 2024 ?

[Millian]

On 1/15/2025 at 12:54 PM, Yellowtail said:

If funds remitted to Thailand were taxable, the first thing the government would do is mandate that the bank withhold the tax from the remittance and put the onus on the recipient to show that it is not taxable. 

 

 

 Other countries such as the UK don't do that though 

[Yellowtail]

2 minutes ago, Millian said:

 Other countries such as the UK don't do that though 

Are funds remitted to the UK taxable? I think not. 

[Millian]

Sounds like they are

 

https://www.litrg.org.uk/international/uk-tax-uk-residents-foreign-income-and-gains

[Yellowtail]

Just now, Millian said:

Sounds like they are

 

https://www.litrg.org.uk/international/uk-tax-uk-residents-foreign-income-and-gains

Not very convincing 

[Millian]

How about this? https://www.telegraph.co.uk/financial-services/currency-exchange/international-money-transfers/tax-on-foreign-income-uk/

[Yellowtail]

1 minute ago, Millian said:

How about this? https://www.telegraph.co.uk/financial-services/currency-exchange/international-money-transfers/tax-on-foreign-income-uk/

What does it say? 

[Millian]

Or how about the horses mouth? 

 

https://www.gov.uk/tax-foreign-income/residence

 

"Residents normally pay UK tax on all their income, whether it’s from the UK or abroad. But there are special rules for UK residents whose permanent home (‘domicile’) is abroad."

[Yellowtail]

1 minute ago, Millian said:

Or how about the horses mouth? 

 

https://www.gov.uk/tax-foreign-income/residence

 

"Residents normally pay UK tax on all their income, whether it’s from the UK or abroad. But there are special rules for UK residents whose permanent home (‘domicile’) is abroad."

Which means nothing. Do you understand what remittances are? 

[Millian]

Yes when you send money.

 

 

[Yellowtail]

7 minutes ago, Millian said:

Yes when you send money.

 

 

Sort of. Is that money taxed? 

[Millian]

Depends where you have sent it to and from?

 

You may have already paid tax on it, you may be liable to pay tax on it.

[Yellowtail]

3 minutes ago, Millian said:

Depends where you have sent it to and from?

 

You may have already paid tax on it, you may be liable to pay tax on it.

But is not taxed just because it is a remittance. 

[Millian]

No.

 

And that seems to go against your suggestion they would just tax it all remittances in thailand.

 

It's the same in thailand as other counties, some remittances are liable for tax, others are not. 

 

https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf

 

[Yellowtail]

11 hours ago, Millian said:

No.

 

And that seems to go against your suggestion they would just tax it all remittances in thailand.

 

It's the same in thailand as other counties, some remittances are liable for tax, others are not. 

 

https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf

 

No, Remittances are not taxable. Income is taxable. 

[jwest10]

Anyone with any further news on non-existent tax forms or any notification and saw someone via friend this morning and telling  do not worry too much as if.

[oldcpu]

6 hours ago, Yellowtail said:

No, Remittances are not taxable. Income is taxable. 

 

Except if audited the Thai RD may assume remittances are current year income, and it is best to keep records to prove such is not current year income (consider is such is assessable or non-assessable given other factors such as is money pre-1-Jan-2024? is money 'protected' from Thai tax by a very specific DTA clause? is one on an LTR visa? ).

[KhunHeineken]

On 1/18/2025 at 1:45 PM, Yellowtail said:

Which means nothing. Do you understand what remittances are? 

Do you understand what Worldwide Taxation is? 

[Yellowtail]

Just now, KhunHeineken said:

Do you understand what Worldwide Taxation is? 

That was the theme of the Democratic Convention this year, yes? 

 

What did I win?  

[KhunHeineken]

3 hours ago, Yellowtail said:

What did I win? 

Your prize in in the mail. 

 

You won the right to be taxed on your world wide income.  Congratulation.   

[CallumWK]

26 minutes ago, KhunHeineken said:

Your prize in in the mail. 

 

You won the right to be taxed on your world wide income.  Congratulation.   

 

Where is your source link that worldwide taxation is already enforced? I ASSume it is the same link that shows that return filings will be linked to extension renewals, about which you already made probably 100 claims, and which are nothing more than false claims

[KhunHeineken]

21 minutes ago, CallumWK said:

Where is your source link that worldwide taxation is already enforced?

Did you not see my post where I said it's "in the mail?" 

 

22 minutes ago, CallumWK said:

I ASSume it is the same link that shows that return filings will be linked to extension renewals, about which you already made probably 100 claims, and which are nothing more than false claims

It's  not if, just when.

 

This tax policy will evolve.  2025 is just the start.

 

You remind me of all the guys that said cannabis would never be legalized.     

[oldcpu]

2 minutes ago, KhunHeineken said:

Did you not see my post where I said it's "in the mail?"

 

 

I recall that joke.  When something never shows up and  one asks: where is it?  The answer usually is: Its in the mail.