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PCX 160 and other Honda keyless ignition bikes question
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Looking forward do U.S. expats face the risk of retaliation by nations burned by Trump?
Only soft handed wimps worry about such things. -
30
The River Condo - Alternative Suggestions
did you end up buying there? what was your experience living there? -
1,512
Thai tax tangle: Expats warned of new rules on overseas income
You don't understand. It's a CRS paperwork drill. You need to fill out a specific form so that the bank can check their tickbox. I show my passport when I open an account. Still have to fill out the IRS form though. All banks should be having NEW account openers filling out the forms upon opening. Banks will be having OLD account holders filling out the forms throughout the year. They don't all have to have the OLD accounts done now, but before some cutoff date. Some banks will get around to it sooner than others. I anticipate BKK Bank sending me CRS forms sometime this year, even though they have my passport AND my FATCA paperwork. -
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1,512
Thai tax tangle: Expats warned of new rules on overseas income
Expat goes to a TRD office because he needs a clearance certificate for his extension. He hands over a bank document showing his remittances for the last calendar year. Staff assess it's over the threshold, allow for age and marital status deductions, if any, and throw the bill at him. Bang on about assessable, non assessable, DTA's, pre 2024 savings, loans blah blah blah blah and the staff will say, "you come back tomorrow. next customer please." Eventually, the expat will just pay. No, best they can do is say you need a certificate from the TRD or immigration will not process your extension. Cheapest, easiest, and most effective way to force compliance. It forces ALL foreigners to go to a TRD office, assessable, non assessable, DTA, pre 2024 savings, loan whatever. Yes, but that would be "chasing." Why chase, when you can make them come to you? There are no right and wrong answers. Only time will tell how this unfolds. -
1,512
Thai tax tangle: Expats warned of new rules on overseas income
You're probably right. I just wonder how they phrased their hypothesis on pre 2024 income -- and was the person they consulted at TRD in a decision making position -- and/or was there something in writing presented? I suppose we'll never know. I guess if a few other tax hand holding organizations came to back up Expatthaitax, I might change my beliefs. Otherwise, I wouldn't have any doubts about not declaring IRA withdrawals on a Thai tax return -- as my position is certainly not a fraudulent position, but is certainly a logical argument based on the Por 162 language. I rest my case -- unless further information becomes available.
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