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720
Thai tax tangle: Expats warned of new rules on overseas income
I saw those foot notes before, but did not spend much time going through them. This time, I also asked myself, must the Ministerial Regulations be confined to those listed in a footnote? ... and I also asked, if subsequent to Ministerial Regulation No.126 (B.E.2509) there were newer Ministerial interpretations and/or Royal Decrees, must they also be included as a consideration in Tax code section 42(17). I speculate the answer is yes, ... but then speculation is just that ... speculation. Anyway ,those 95 !! exemptions in MR.126 was an interesting skim through, albeit I was getting very fatigued toward the end. That Ministerial Directive 126 does not state its exact date that I could decipher. I note already some of its has been repealed by Ministerial Regulation No.307 (B.E.2558) - and that in particular was reflected in that recent unofficial translation (the link to which you posted). While that specific repeal is not relevant to our discussion, it makes me wonder, if other Ministerial Regulations exist that have repealed or added relevant sections for Ministerial Regulation No.126 , but not yet reflected in the latest MR-126 version ? And could that also be the case for recent Ministerial interpretations/instructions (such as POR-161/162) and the Royal Decree 743 (LTR). Anyway, I note in the MR-126 you linked: Item(36) in MR-126 regarding provident funds appear to apply to certain types of pensions. It does not state these provident funds must only be Thailand provident funds. There other sections more specific to pensions. But I speculate this could apply to certain pensions also flagged as tax exempt in DTAs. I thus speculate with Item(36) in Ministerial Regulation No.126 (B.E.2509) as called up by Section-42(17) of the Thai tax code, one could make a legitimate argument that exempt income (such as that specified in certain DTAs) are not to be included in a Thai tax calculation. Slightly off topic, in MR No.126, I noted Item(62) on condominium sales and exemptions if person is properly registered ( I suspect registered via yellow book registration) was an interesting surprise to me in regards to limited tax exemption when selling the condo (although it only goes as far as the 'appraised' value which is typically less than the sale value. While scrolling through the Ministerial Regulations I also stumbled across this wording on Double Taxation Agreements (DTAs) on the Thai RD web site: https://www.rd.go.th/english/21973.html In particular I note the words: So clearly there are incomes from foreign countries, that are exempt Thailand taxation by the "exemption method" to avoid double taxation (and are NOT to be confused with incomes from foreign countries where double taxation is prevented by the "credit method"). -
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Irish diver’s fate revealed on Thailand’s ‘Death Island’
Don't you own a dive shop in Phuket? If so, how can you view on this issue be subjective? -
100
Talking to Thais, have you ever had "Pow Wow" moments?
If you want to "do something with him" ...... imitate flying a kite . 🤪 -
139
world wide income taxation update
Are you suggesting Thailand wants to become a global tax haven? -
139
world wide income taxation update
Are you concerned at all about the financial information you had to supply? I would think you have now laid your cards on the table. -
389
EV Charging Stations (CS)
Challenge accepted! There are some with AC and DC, mostly off the beaten track, Mae Hong Son and Khao Laem National Park ( Kanchanaburi ) to name two .
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