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Is the Dollar safe?
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17
Iran Withdraws Support from Houthis Amid Intensified US Airstrikes
You did claim that Israel has a hold on USA . Israel dictates and tells the USA what to do . USA threatening Iran because Israel makes them do . Is indeed saying that Jews control the World , well, control the USA at least -
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15 Billion Expressway Project to Connect Koh Chang Boosting Trat’s Economy and Tourism
A prime example. Thousands of tons of concrete elevated road unused since years. -
2,539
Thai tax tangle: Expats warned of new rules on overseas income
I would argue that a state pension like the UK one that is not income from employment is non-assessable income in Thailand because, like Thai social security pensions, there is no mention of it under Section 40 of the Revenue Code that lists all types of assessable income. Of course, there were no Thai social security pensions when the RC was drafted and it has never been amended to include or to specifically exclude them. But a Bkk based British tax advisor at a well known firm told in a Q&A session that he or his people had asked the Thai RD about this and they told him that foreign state pensions would be considered assessable income because they would consider them income derived from employment, albeit indirectly. This is, of course, totally at variance with the RD interpretation of Thai SS pensions being not derived from employment and therefore not assessable, despite the fact that both are contributory pensions indirectly derived from work in exactly the same way. When I asked him how the Thai RD interprets Australian superannuation which can now be claimed by those who have never worked and thus not even indirectly derived from employment, he was stumped for an answer, as he had never heard of that. Bottom line is this in my opinion. There is no logical way a UK state pension can be considered assessable income under the RC, given that the The SS pension that has an identical structure of being indirectly derived from employment is not considered income derived from employment and therefore non-assessable. However, if RD officers individually or collectively decide that foreign state pensions are assessable just because all farangs are richer than them and their state pensions are much bigger than Thai SS pensions or some such nonsense, then that is the interpretation that will prevail, unless there is a ruling to the contrary in the tax court. However, given the pitiful value of frozen UK state pensions, it seems somewhat doubtful that any British pension will fund a case in the Tax Court. So the RD can do what it feels like. In fact the same applies to the RD's unilateral reinterpretation the RC to tax foreign income, regardless of when it arises which, should be amended by parliament, not the director general of the RD, if it needs amendment. That could be overturned by the tax court but no sign of anyone taking action there. -
116
Thanks to Donald, finally we know.
Asking a clarification question is not arrogance -
313
Thailand Digital Arrival Card (TDAC) system is online (but not announced as starting yet)
While preparing for overseas travel, there are quite a few things to make sure. So, a lot better if the prospect traveler can do it well before the arrival date. Unsure it may be changed for the better in the future though. -
51
Why are Cambodian people so friendly?
Many, many thanks Bill and I will get into this tomorrow. Xylo
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