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Its Happening - Law to Tax Overseas Income Now in Progress
Courtesy of Revenue Dept. The Thai Revenue Department is currently drafting legislation to tax the overseas income of individuals residing in Thailand. According to Kulaya Tantitemit, the director-general of the department, this draft is aligned with the international principle of worldwide income under the residence rule. This principle mandates that an individual's income, regardless of its origin, should be taxed by the country where the individual resides for a specific period. To implement this, an amendment to Section 41 of the Revenue Code is required. The proposed amendment would require individuals residing in Thailand for 180 days or more to pay personal income tax on overseas income, even if that income is not brought into Thailand. In the first 11 months of the 2024 fiscal year, the Revenue Department collected 1.963 trillion baht, surpassing its target by 0.4% or 8.44 billion baht. This strong performance was attributed to government measures aimed at stimulating consumption, such as the easy e-Receipt program, which boosted the collection of value-added tax from domestic consumption. Ms. Kulaya anticipates that by the end of this fiscal year on September 30, the department will meet its target of 2.28 trillion baht. For the fiscal year 2025, beginning on October 1, the Ministry of Finance has set a target for the department to collect 2.372 trillion baht. Credit Bangkokv Post. 2024-09-07 Get the ASEAN NOW daily NEWSLETTER - Click HERE to subscribe -
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New travel rules: Thailand’s ETA to shake up visa-free visitors
Minutes or Hours... ROTFLMAO, I remember when the US introduced the ETA, and also promised approval in minutes or hours. I never had one approval in less than 24 yours. So you think Thai immigration can do better? -
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J.D.Vance declines to criticize Tucker Carlson over his friendly chat with Holocaust Denier
People from France shouldnt comment about the Holocaust as their country were unabashed and willing perpetrators and remain viciously antisemitic. At least the Germans have a sense of shame -
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Thailand Mourns Loss of Carabao Rock Legend Ko Carabao
Popular, not influential. The beer is better! -
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U.S. Charges Russian RT Employees in Alleged Election Influence Scheme
Apparently there are at least 2800 of these traitors being paid by Russia. 1/5th are in the US. Can't wait to see that list. -
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New travel rules: Thailand’s ETA to shake up visa-free visitors
No, of course not, it is similar to the US program which has been around for at least 15 years. -
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Any update on Paxlovid availability for foreigners in Bangkok?
Wife and I contracted COVID over July 4th, 24' . We are not real social but went out for sushi and to a concert and fireworks on the 4th. Thursday. By Sat afternoon wife was feeling funny in her throat. Sunday she just layed around and obviously had something. I worked alone Mon and Tues while she layed around. I think on Mon or was it Tues she tested positive using an out of date free test kit we had. Wed morning I bought fresh test kits and after she tested positive I called the Dr for a script. I felt a bit warm Wednesday, but it was a muggy 84 and went up to 100f. By Wed night I had sinus drainage. I cancelled appointments and didn't work Thur or Fri. We got notice late Fri that he script was ready. We both took the first dose Fri night. So for me day 2, for her day 6-7? It left a bad taste in your mouth hours later and all night. She didn't want to take anymore but I finished off the paxlovid. I layed around thur-sun but we both went to work Monday. She was a zombie for 8 days. I for 3-4. Cough persisted for weeks for both of us. We seem to be fine now. Didn't get boosters last fall. I have no idea how much it cost but my co pay was just 25$ using ACA/ Obama care. Lol. I didn't know it was 31,000 bath range? I'm glad I took it. It would be best to have it ready so you could take it right away. I'm disappointed that it took our Dr 50 hours to write the script. USA healthcare is a mess. Glad I didn't have a bad reaction. I do take crestor generic daily but that's all besides recreational Cialis. -
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RfK Jr. scored a pair of legal victories Friday in the battleground states of NC & Michigan
So you like Rfk jr winning his court battles against the establishment? -
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J.D.Vance declines to criticize Tucker Carlson over his friendly chat with Holocaust Denier
You are completely wrong, Germany held 5.7 million Soviet prisoners of war alone. In addition they held American, British and other Allied prisoners of war. There were 1000 prisoner of war camps in Germany, but there were only 6 extermination camps. https://en.wikipedia.org/wiki/German_prisoner-of-war_camps_in_World_War_II https://encyclopedia.ushmm.org/content/en/article/nazi-persecution-of-soviet-prisoners-of-war#:~:text=Existing sources suggest that some,POWs remained in German custody. https://en.wikipedia.org/wiki/Extermination_camp -
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Illegal immigrants make up 75% of arrests in midtown Manhattan, say police: report
Thanks @Evenkeel , good thread. New york city is a sanctuary city it appears, the progressives policies isn’t working, it aint making community’s safer( 75% of arrests are illegal immigrants). I think it emboldened illegals to commit crimes.imop You got to read the conclusions of the source article to fully appreciate their radical grievances. Imop The term “sanctuary city” is often used incorrectly to describe trust acts or community policing policies that limit entanglement between local police and federal immigration authorities. These policies make communities safer and increase communication between police and their residents without imposing any restrictions on federal law enforcement activities. https://www.americanimmigrationcouncil.org/research/sanctuary-cities-trust-acts-and-community-policing-explained -
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Can you defend yourself?
I have always had trouble with that spelling. My instructor was the reigning Southern Pacific Open Champion. He said I had reached brown belt level. I suppose there are always people who take cheap shots. I'd say you're the kind of guy that would sneak up behind someone. A coward puncher. -
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UK Considers Sending Prisoners to Estonia to Ease Overcrowding Crisis
Like the Spainiards, the Aborigines don’t like us anymore. -
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II
Good post! Not sure if someone in his right mind would want to invest in a thai mutual fund instead of an SPX or QQQ etc. Maybe I am mistaken and the Thai Banks have great cost and tax effective ETFs, if yes please educate me. Even then the risk is there that in the case of an economic turmoil they impose capital controls etc (remember Malaysia?). -
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5 year multiple entry DTV visa (Destination Thailand) from 2024-xx-xx
Have to apply outside of Thailand.
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