Thailand as a Future Destination for Relocation
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5 years on after Brexit. A summary of its effect
This won't please Brexiteers who are continuously ranting about immigrants, and in particular Muslim immigrants... -
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Foreign Tourist Sparks Outrage by Urinating in Phuket Airport
In what part of the world is it acceptable to take a bathroom break in the middle of an airport?- 1
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Should income for visa 800K (retired) or 400K (married) not be taxable?
You're almost there. This is covered by your DTA, not paragraph 25, which applies to Thai social security income. Harry receives $3500/month US social security. Let's say he pays $500 in tax and remits $3000/month to Thailand. That remittance is tax exempt by DTA. He doesn't need a tax credit, nor a claim on paragraph 25. Thailand can't touch it. Me? If I collect, I get a measly $1000/month and pay no tax. As that's my only income, I don't even have to file a return. I'll remit it all to Thailand, but I'm not worried. It's exempt. No matter if its not taxed, and I haven't paid tax so would have no foreign tax credit. I'd be over my TEDA for assessable income, but I don't need to file. I don't even need a TIN. And paragraph 25 still wouldn't apply. Thailand still can't touch it. When Trump makes good on his promise to abolish tax on social security benefits, the DTA language will still be there. US social security will remain exempt, not taxed anywhere. And paragraph 25 will still not be applicable. Thailand better not even look at it sideways, or tariffs will rain down bigly! But what of poor Victor V. from the Kingdom of Latveria, which does not have a DTA with Thailand? He receives Latverian social security of $5000/month, but the meanies at the LRD withhold 50% tax. He remits his $2500/month which is fully assessable and taxable by Thailand. Without a DTA he doesn't even get a tax credit. He pays tax. Paragraph 25 does not apply. Works the same for other types of income. My wife has a Schwab account holding mutual funds. As a non-resident she pays no capital gains tax in the US. When she remits her gains to Thailand she pays tax on the gains as ordinary income. Paragraph 23 excluding "Income from sale of investment units in a mutual fund" does not apply. As above, only applies to Thai income. -
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THAILAND LIVE Thailand Live Saturday 1 February 2025
Photo courtesy of Koh Planner Thai airline flight makes emergency landing in Phuket By Puntid Tantivangphaisal Passengers on a Thai airline flight endured terrifying, life-threatening moments yesterday when their aircraft was forced to make an emergency landing at Phuket International Airport due to engine failure. Full story: https://aseannow.com/topic/1350433-thai-airline-flight-makes-emergency-landing-in-phuket/ -
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Trump keen to blame diversity and inclusion for Washington DC crash
Air traffic control is a “meritocracy,” says former FAA air traffic manager The air traffic control profession is a “meritocracy,” according to Michael McCormick, a former FAA air traffic manager and associate professor in air traffic management at Embry-Riddle Aeronautical University. “Only the best can go through the rigorous selection program, the screening program and then one-to-five-year training program prior to receiving their certification,” McCormick told CNN Friday morning. McCormick’s comments come after President Donald Trump blamed DEI policies for the collision. McCormick, who shut down New York City air traffic on 9/11, also said it was common practice for one air traffic controller to work two different tower positions. “In this instance, it was actually a good thing, because now you have one controller who’s actually talking to and controlling both of the aircraft,” he said. “Otherwise, if it was a separate controller, then the two controllers would have to constantly coordinate back and forth about what is happening and what they’re choosing to do.” Some context: At the time of the collision, one air traffic controller was working two different tower positions and handling both local and helicopter traffic, an air traffic control source told CNN. The New York Times reported that an internal preliminary Federal Aviation Administration report says staffing was “not normal for the time of day and volume of traffic.” Live updates: DC plane crash investigation continues as families mourn tragedy | CNN https://edition.cnn.com/webview/us/live-news/plane-crash-washington-dc-trump-01-31-25?adobe_mc=TS%3D1738350136|MCMID%3D72930993794519071334713548976840673148|MCORGID%3D7FF852E2556756057F000101%40AdobeOrg&iid=cnn-mobile-app&iid=cnn-mobile-app -
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My Thai Tax Office Tax Filing Experience...
Well I certainly won't be opening any new accounts over here. Three is enough for me. Thanks for the info.
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