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55
Report Foreign Earnings Taxed Under New Thai Rules - But With Exceptions
It is actually pretty simple. Old (pre 2024) rule: otherwise assessable income remitted from abroad was not assessable unless remitted in the year it was earned. In practice, little tax was paid on remittances, since it would take some doing for the RD to establish when remittances had been earned. So no disincentive to remitting overseas funds into Thailand. Current rule: no matter when remitted, income is assessable unless otherwise exempted (eg under a DTA). This has had the predictable effect of discouraging remittances. So: New proposed rule: overseas income remitted into Thailand will not be assessable if remitted the year it was earned or the year thereafter. In practice I think this will just revert things to how it was under the old rule, for the same reason (difficult/time consuming to establish when remittances were earned). Most expats have been unaffected by these changes so far. For your average retiree having a foreign pension or equivalent remitted into Thailand as it is received: - if the pension is non-assessable in Thailand under the terms of a DTA, it is so under all 3 scenarios, no difference -if the pension is otherwise assessable, they were always technically required to declare it on a tax return, and are so now. But unless their was other income, most would owe no tax. In practice few filed tax returns and I haven't heard of anyone having a problem as a result. Under the proposed new change, this requirement (which few observed anyhow) will no longer exist. People for whom this will make a difference (if they are currently following the letter of the law) : (1) Global nomads who are tax residents in Thailand. Currently, income they remit is tax assessable; this will cease to be the case. (2) retirees with a lot of passive income of a type tax exempt in their home country but assessable in Thailand. -
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Farangs need to stop sending money to Thai girls while living abroad
They should send them money! So we full timers can bang them for free! -
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15
Farangs need to stop sending money to Thai girls while living abroad
You create your own illusion about here, seeing yourselves through her story. Do you want to rescue her? -
402
How to tell if you're dealing with a MAGA folk?
Based on your comments and previous posts your high level of education has nothing to do with your intelligence. Proven by your support of Biden and his policies. I used education but in reality it’s INDOCTRINATION. Higher education is nothing more than liberal indoctrination centers. That trained you well. DOE is nothing more than a teachers union slush fund. Good riddance. American youth in public schools get dumber every year. Kirk and Leno prove it time and time again. And now you’re done. You give up easily. -
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