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1,266
Its Happening - Law to Tax Overseas Income Now in Progress
Indeed the problem lies not with RD's but with banks. It's banks we mostly have to deal with, not RD's. Would we be committing a crime if we gave a Thai TIN to an offshore bank or broker while at the end of the day staying in TH under 180 days? Good question. -
1
Megyn Kelly rips the Extremist at a Trump Pennsylvania rally
Same rally Another American woman brings the Receipts! No men in woman’s Locker rooms! Opportunity zones & First Step Act supporter -
2,376
Thailand to tax residents’ foreign income irrespective of remittance
I would give these date a maybe in 2026 or 2027 with how messed up it all is... -
66
Bangkok cheaper than Jomtien
Being aroung Bangkok is a danger to health with all the toxic air and Pm pollution levels that are dangerous and create severe breathing and lung problems. -
58
Prince Andrew’s Financial Independence: King Charles Cuts Royal Support
Although we hold diametrically opposite views of the monarchy, I agree with everything you say except for the bit about tourists travelling to the UK to meet members of the Royal Family. Surely only the most ardent of (overseas) monarchists would plan a trip with the sole purpose of being part of a royal walkabout and nothing else? The number of such people must be so miniscule as to make no discernable difference to tourist numbers or the revenue generated. -
1,266
Its Happening - Law to Tax Overseas Income Now in Progress
Exactly, and the truth of the matter is that there is no way for them to evaluate whom among us has a couple of million USD in investments and who has almost nothing to their name. Perhaps that will change with CRS which provides end of year balances to bank accounts, does it apply to brokerage accounts? Who knows! -
1,266
Its Happening - Law to Tax Overseas Income Now in Progress
Yes indeed !! I encountered this - although they only asked for my "residency" (they did not ask for "tax residency") and they asked for my "tax ID". I applied for , and was refused a Thai tax ID, because I was not bringing money into Thailand at present time (I brought a bunch in PRIOR to 1-Jan-2024). But the Thai RD official advised that my Pink-ID # (same number as on my Yellow Book) could become my Thai Tax-ID ONLY after it was activated (and the Thai RD official saw no need to activate). So for the bank and trading accounts that demanded my residency I gave "Thailand" and for my Tax-ID I gave them my "Pink-ID" number with the truthful caveat that it had not yet been activated in Thailand. That was accepted by them. I don't want to start a Yellow book/Pink-ID debate, but for any might who encounter this problem where a Thai Tax ID is demanded from a foreign bank or trading account, perhaps the approach I adopted might work for such.
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