I am leaving Thailand - yes taxes!!!

[Airalee]

2 hours ago, atpeace said:

Tax dodger? 

 

I'm not worried at all about any new taxes in Thailand.  I would bet you would fall into the category that earns income and resides here to avoid paying taxes on that income.  If you have paid taxes in another country, I would chill and wait and see.  Doubt your tax bill will more than zero assuming you aren't a freeloader.    Severe anxiety sucks dude!

Not everybody is a tax dodger.

 

I pay taxes in the US even though I don’t necessarily like what they are spent on (never ending wars and illegal aliens instead of the homeless).

 

But being that Thailand taxes capital gains at income levels I am just fine spending more time back in the US and Vietnam and less in Thailand.

 

If we actually got something for the taxes we pay….such as healthcare, I would feel differently.

 

I’m not interested in paying for submarines and fighter jets.

[Puccini]

3 hours ago, Celsius said:

...I'm out and I'll be watching that door thanx in advance.

 

For  what destination and what date is your flight booked?

[gargamon]

4 hours ago, Celsius said:

Why on earth are you declaring your Toronto condo rental to Canada

It's the law. Don't pay tax on rental income and the penalties are extremely high. If you use a property manager, they are obligated to ensure you're declaring it or they need take a substantial amount and send it to the government.

[atpeace]

30 minutes ago, Airalee said:

Not everybody is a tax dodger.

 

I pay taxes in the US even though I don’t necessarily like what they are spent on (never ending wars and illegal aliens instead of the homeless).

 

But being that Thailand taxes capital gains at income levels I am just fine spending more time back in the US and Vietnam and less in Thailand.

 

If we actually got something for the taxes we pay….such as healthcare, I would feel differently.

 

I’m not interested in paying for submarines and fighter jets.

I get it but seriously doubt you will be taxed twice on the same income. Might happen but in my estimation the odds are tiny.  Personally not going to lose any sleep over it.  

[Jonathan Swift]

4 hours ago, Stocky said:

Struth, so filing a tax return is being 'woke' now

"Woke" is a derogatory word used by the ignorant to denigrate people who are genuinely pursuing enlightenment, trying to grow forward and upward rather than remain in a neanderthal world. As in "awakened" or "awakening". The joke is on them, because the term absolutely fits. People on the wrong side of the bell curve feel threatened by anyone more educated and worldly, and further ahead in evolution than they are, and so they must hurl derogatory words around like schoolyard bullies. So anyone using the word "woke" is essentially admitting to be either a bigot or an ignoramus. The ultimate one word self own. 

[Jonathan Swift]

4 hours ago, Celsius said:

 

It is. It's not your country. You have zero rights and zero say. It all started with those retarded hippies complaining about 7/11 bags.

 

Enjoy more paperwork for literally nothing.

 

Fortunately what I think is happening is that all the woke wokensteins have actually moved out of Canada to spread their gospel. It might be a decent place to live now.

"Woke" is a derogatory word used by the ignorant to denigrate people who are genuinely pursuing enlightenment, trying to grow forward and upward rather than remain in a neanderthal world. As in "awakened" or "awakening". The joke is on them, because the term absolutely fits. People on the wrong side of the bell curve feel threatened by anyone more educated and worldly, and further ahead in evolution than they are, and so they must hurl derogatory words around like schoolyard bullies. So anyone using the word "woke" is essentially admitting to be either a bigot or an ignoramus. The ultimate one word self own. 

[Jonathan Swift]

23 minutes ago, atpeace said:

I get it but seriously doubt you will be taxed twice on the same income. Might happen but in my estimation the odds are tiny.  Personally not going to lose any sleep over it.  

Here's where consulting an expert helps. I read and have been told that if you have documentation showing you have already been taxed in your home country Thailand will consider that income exempt. I don't know if it only applies to certain kinds of income, but there is supposedly an agreement between countries regarding this

[Neeranam]

I'm leaving Thailand as I remember there was a tsunami a few years back, which means there is the chance it could happen again  in the next few years. Although I live in Khon Kaen, I've been thinking of visiting Samui once a year. I've had it, living in constant fear of my own shadow. 

[FritsSikkink]

4 hours ago, Celsius said:

I know already ... no need to announce my departure. Hear me out!!!!

 

I was chatting with my friend from Serbia who came to visit, and she basically looked at me like I was an idiot and asked, "Why on earth are you declaring your Toronto condo rental to Canada?!" (And that was just the tip of the iceberg.) She was like, "Why bother filing taxes in Canada when you don’t even live there?!" It was a rapid-fire "Why this?" and "Why that?" like I had just invented a new form of self-sabotage.

 

Then I realized I'm surrounded by the same woke individuals who are desperately scrambling to file a tax return here in Thailand out of all places.

 

I hope Thailand implements 8 million baht retirement extension and 15 day report. You deserve it.

 

I'm out and I'll be watching that door thanx in advance.

 

 

Nah, you just haven't got a clue how tax laws work.

[Patong2021]

4 hours ago, Celsius said:

I know already ... no need to announce my departure. Hear me out!!!!

 

I was chatting with my friend from Serbia who came to visit, and she basically looked at me like I was an idiot and asked, "Why on earth are you declaring your Toronto condo rental to Canada?!" (And that was just the tip of the iceberg.) She was like, "Why bother filing taxes in Canada when you don’t even live there?!" It was a rapid-fire "Why this?" and "Why that?" like I had just invented a new form of self-sabotage.

 

Then I realized I'm surrounded by the same woke individuals who are desperately scrambling to file a tax return here in Thailand out of all places.

 

I hope Thailand implements 8 million baht retirement extension and 15 day report. You deserve it.

 

I'm out and I'll be watching that door thanx in advance.

 

 

 

 The only people who are resisting are those who are trying to avoid paying taxes, or who did not read the procedures and explanations. Thailand has a tax treaty with Canada and double taxation is prevented by the treaty.

 

People who meet a specified period of residency in Thailand are required to file  a tax return because they are benefiting from   staying in Thailand and from Thai government spending. There are also  many people who refuse to pay taxes in their homelands and who use Thailand as a means of evading tax. The filing requirement addresses the freeloaders and international criminals who evade taxes.

 

You are obliged to file a tax declaration in Canada because you earn income in Canada from your rental property . The property benefits from the  spending of governments at the municipal, provincial and federal levels.  Infrastructure, such as roads, fire protection, electrical supply etc.  are all supported by those 3 governments. You hold a Canadian passport and benefit from it. If you don't believe you do, renounce the citizenship and return the passport.
 

[Airalee]

42 minutes ago, atpeace said:

I get it but seriously doubt you will be taxed twice on the same income. Might happen but in my estimation the odds are tiny.  Personally not going to lose any sleep over it.  

It’s not about being “taxed twice”

 

Capital gains tax in the US is 0-15% for my tax bracket.

 

Here, at the bracket I am in it would be up to 30%

 

Legally, I would have to pay the difference which is quite significant.

 

It’s not about “might happen”….it’s just the way it is.  Thai capital gains taxes (on US based investments) are taxed differently.
 

Your tax situation might be different.

 

I’m not losing sleep over it. 

[Celsius]

4 minutes ago, Patong2021 said:

 

 The only people who are resisting are those who are trying to avoid paying taxes, or who did not read the procedures and explanations. Thailand has a tax treaty with Canada and double taxation is prevented by the treaty.

 

People who meet a specified period of residency in Thailand are required to file  a tax return because they are benefiting from   staying in Thailand and from Thai government spending. There are also  many people who refuse to pay taxes in their homelands and who use Thailand as a means of evading tax. The filing requirement addresses the freeloaders and international criminals who evade taxes.

 

You are obliged to file a tax declaration in Canada because you earn income in Canada from your rental property . The property benefits from the  spending of governments at the municipal, provincial and federal levels.  Infrastructure, such as roads, fire protection, electrical supply etc.  are all supported by those 3 governments. You hold a Canadian passport and benefit from it. If you don't believe you do, renounce the citizenship and return the passport.
 

 

I pay taxes in thailand without filing a tax return. It's called VAT and is used for everything you described above.

[atpeace]

17 minutes ago, Jonathan Swift said:

Here's where consulting an expert helps. I read and have been told that if you have documentation showing you have already been taxed in your home country Thailand will consider that income exempt. I don't know if it only applies to certain kinds of income, but there is supposedly an agreement between countries regarding this

I think what others told you is probably true.  They aren't sure and nobody is at this point in time.  Common sense is where they arrived at their opinions.  

[Patong2021]

22 minutes ago, Jonathan Swift said:

Here's where consulting an expert helps. I read and have been told that if you have documentation showing you have already been taxed in your home country Thailand will consider that income exempt. I don't know if it only applies to certain kinds of income, but there is supposedly an agreement between countries regarding this

 

There are tax treaties that address the risk of double taxation. As you state, paying tax in the appropriate  jurisdiction  removes the risk of paying it again in another jurisdiction.

[Airalee]

30 minutes ago, Jonathan Swift said:

Here's where consulting an expert helps. I read and have been told that if you have documentation showing you have already been taxed in your home country Thailand will consider that income exempt. I don't know if it only applies to certain kinds of income, but there is supposedly an agreement between countries regarding this

No.

 

It depends upon the brackets and if Thailand has a higher tax at a certain level of income than in the US….which is applicable in my personal situation, we are required to pay the difference above what we already paid in the US.

 

For example.  If something is taxed at 15% in the US and 30% in Thailand, I would pay the 15% in the US and then the difference of 15% would be paid in Thailand.

[Dmaxdan]

I think it's sad that people are jumping ship because of this. Especially when you bear in mind that the Thai revenue department aren't even enforcing this "new tax law". The only people that are, are the English speaking media and unscrupulous foreigners trying to sell you a service that you don't need. 

[JonnyF]

4 hours ago, Celsius said:

 

It's not taxes, it's paperwork that annoys me.

 

I signed up for yearly visa extensions and 90 day reports which I don't do, just pay a fine.

 

I did not sign up to do annual taxes to Thai government, bill or no tax bill.

 

Have you considered an LTR visa?

 

The 90 days becomes 365 days and I believe it also helps with the new tax laws (although being Thailand that is not clear yet).

 

It's reduced my income tax in Thailand significantly. 

[Patong2021]

1 minute ago, Celsius said:

 

I pay taxes in thailand without filing a tax return. It's called VAT and is used for everything you described above.

 

Nice try. VAT does not cover anywhere close to what the government is spending for your benefit.    In Thailand, VAT represents 33% of tax revenues. You receive far more in services than you contribute in VAT. 

 

[Celsius]

1 minute ago, Patong2021 said:

 

Nice try. VAT does not cover anywhere close to what the government is spending for your benefit.    In Thailand, VAT represents 33% of tax revenues. You receive far more in services than you contribute in VAT. 

 

 

What services I receive from Thailand you epic bootlicker?

[amexpat]

4 hours ago, Woke to Sounds of Horking said:

radical woke leftists.

Your Dear Leader calls also calls us vermin.  🤣

[Airalee]

3 minutes ago, Patong2021 said:

 

Nice try. VAT does not cover anywhere close to what the government is spending for your benefit.    In Thailand, VAT represents 33% of tax revenues. You receive far more in services than you contribute in VAT. 

 

Tell us specifically what the government spends for our benefit.

 

Submarines and fighter jets?

 

We certainly aren’t getting low cost healthcare.  And the infrastructure isn’t worth paying hundreds of thousands of baht for.

 

Your tax situation might be different.  

[atpeace]

3 minutes ago, Airalee said:

It’s not about being “taxed twice”

 

Capital gains tax in the US is 0-15% for my tax bracket.

 

Here, at the bracket I am in it would be up to 30%

 

Legally, I would have to pay the difference which is quite significant.

 

It’s not about “might happen”….it’s just the way it is.  Thai capital gains taxes (on US based investments) are taxed differently.
 

Your tax situation might be different.

 

I’m not losing sleep over it. 

 

What about short term caps gains that are taxed higher than Thailand?  What about income in different tax brackets that are taxed different? What about exclusions in one country vs another? What about prior year losses that are treated differently?  The list could go on.  IMO, Thailand isn't going to tax income that is already taxed. 

 

There was a reason for tax treaties and the above what if scenarios was the reason.   Up to you and you may be right.  Again, I'm not going to lose any sleep over something I think is very improbable. 

[Airalee]

15 minutes ago, JonnyF said:

 

Have you considered an LTR visa?

 

The 90 days becomes 365 days and I believe it also helps with the new tax laws (although being Thailand that is not clear yet).

 

It's reduced my income tax in Thailand significantly. 

I won’t consider the LTR visa because it is only 10 years.  

[Nick Carter icp]

5 hours ago, Celsius said:

I was chatting with my friend from Serbia who came to visit, and she basically looked at me like I was an idiot and asked, "Why on earth are you declaring your Toronto condo rental to Canada?!" (And that was just the tip of the iceberg.) She was like, "Why bother filing taxes in Canada when you don’t even live there?!"

 

    Because you must declare all income earned in the Country , even if you dont live there .

   The money was earned in Canada and so tax needs to be paid there .

Not doing so would end up with you in Court  for tax evasion 

[JonnyF]

3 minutes ago, Airalee said:

I won’t consider the LTR visa because it is only 10 years.  

 

How long is your current visa?

[atpeace]

18 minutes ago, Airalee said:

No.

 

It depends upon the brackets and if Thailand has a higher tax at a certain level of income than in the US….which is applicable in my personal situation, we are required to pay the difference above what we already paid in the US.

 

For example.  If something is taxed at 15% in the US and 30% in Thailand, I would pay the 15% in the US and then the difference of 15% would be paid in Thailand.

You don't know this and you stating your beliefs as fact is what make these threads so entertaining. 

 

This law is not new and I assume you are also back filing past returns where you didn't pay the difference.  It was due by your definition and you are going to have a big tax bill. 

[Patong2021]

4 minutes ago, Celsius said:

 

What services I receive from Thailand you epic bootlicker?

 

So you have never  used or benefited from the Thai transportation infrastructure? You know, the airports, roads, BTS, SRT and domestic airlines?

You may have not had to use the services of  the Thai healthcare, fire or police services but they are all there and will benefit you if you need them.

The people who service your demands at the retailers, government offices, restuarants, hotels et al all have to be educated  and assisted like any other nation does.

The cost to deliver the electricity and water you receive and use are not covered by the user fees. It's the government that pays for the dams and electricity and water delivery network. 

 

And so on.  Unless you are already paying  coprorate and personal income tax, you are most likely one of the majority to takes more than he pays.

[Airalee]

Just now, atpeace said:

 

What about short term caps gains that are taxed higher than Thailand?  What about income in different tax brackets that are taxed different? What about exclusions in one country vs another? What about prior year losses that are treated differently?  The list could go on.  IMO, Thailand isn't going to tax income that is already taxed. 

 

There was a reason for tax treaties and the above what if scenarios was the reason.   Up to you and you may be right.  Again, I'm not going to lose any sleep over something I think is very improbable. 

I’m referring to long term capital gains.  Short term (for a trader) are taxed at income tax levels in the US.  Higher than the 15% I will pay for the long term  In Thailand, those gains will be taxed at 25-30% for me so I would be responsible for the difference between what I pay in the US and what Thailand wants.

 

Tax treaties don’t mean that you pay 0% taxes here on income taxed already in the US if the tax rates are different.  You are responsible for the difference.

 

I don’t know why you are having such a difficult time understanding that.

 

 

[Airalee]

2 minutes ago, JonnyF said:

 

How long is your current visa?

Non-O retirement extension.  It can be extended indefinitely.

 

I’m not willing to take the risk that they will want a lot more money stuck in the bank here in order to get a new non-o based on retirement when history has shown that people at lower levels (they used to require 400k before it went up to 800k) are grandfathered in.

[Airalee]

4 minutes ago, Patong2021 said:

 

So you have never  used or benefited from the Thai transportation infrastructure? You know, the airports, roads, BTS, SRT and domestic airlines?

You may have not had to use the services of  the Thai healthcare, fire or police services but they are all there and will benefit you if you need them.

The people who service your demands at the retailers, government offices, restuarants, hotels et al all have to be educated  and assisted like any other nation does.

The cost to deliver the electricity and water you receive and use are not covered by the user fees. It's the government that pays for the dams and electricity and water delivery network. 

 

And so on.  Unless you are already paying  coprorate and personal income tax, you are most likely one of the majority to takes more than he pays.

Nonsense