Foreigner Tax Requirements

[PatThaiM]

Hi, I'd like to know if the plan for foreigners to pay tax on foreign income has been stopped for sure. I've recently moved here and have plan to send  at least A$6k every month. I am also wanting to a buy a condo in the future so will be sending about A$200k. Should I go to the tax office to ask or is this a foolish thing to do?

[ukrules]

Nothing about the 'reversal' has changed yet. Until it's published in the Gazette it's just civil service waffle.

 

When it gets published it will be major news.

 

[CharlieH]

MOVED to Finance

[Presnock]

19 hours ago, PatThaiM said:

Hi, I'd like to know if the plan for foreigners to pay tax on foreign income has been stopped for sure. I've recently moved here and have plan to send  at least A$6k every month. I am also wanting to a buy a condo in the future so will be sending about A$200k. Should I go to the tax office to ask or is this a foolish thing to do?

You need to wait until the final bill is published to see what it entails!

[PatThaiM]

Thanks. I’ll wait to see what happens.
Would it be wise to take a large sum of cash when I arrive next time in Dec?

[Presnock]

24 minutes ago, PatThaiM said:

Thanks. I’ll wait to see what happens.
Would it be wise to take a large sum of cash when I arrive next time in Dec?

hopefully before then we will all know how to respond and remittances.  

[unblocktheplanet]

I believe this is on point. I have my savings in a US bank.

 

I'm worried moving it here would trigger FINCEN or AMLO, etc. & it could be confiscated. Maybe even the bank would notify the US taxman in the event of such a large transfer.

 

Anyone have an idea of a working strategy? TIA!

[black tabby12345]

23 hours ago, ukrules said:

Nothing about the 'reversal' has changed yet. Until it's published in the Gazette it's just civil service waffle.

 

When it gets published it will be major news.

 

 Now looks  like getting even more distant.

Pheu Thai govt recently  lost coalition partner.

[Magictoad]

39 minutes ago, unblocktheplanet said:

I believe this is on point. I have my savings in a US bank.

 

I'm worried moving it here would trigger FINCEN or AMLO, etc. & it could be confiscated. Maybe even the bank would notify the US taxman in the event of such a large transfer.

 

Anyone have an idea of a working strategy? TIA!

Please LESS TLAs and less As in general.  What the f#%k is a FINCEN or AMLO? REALLY FFS!

[Peter Crow]

12 minutes ago, black tabby12345 said:

 Now looks  like getting even more distant.

Pheu Thai govt recently  lost coalition partner.

Yup and once army moves in, aside of martial law and the width or interpretation of a certain article, nothing much changes.