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Latest posts...
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94
Do you still read books?
All fake. I prefer real life. Walking, eating, seeing new chicks -
119
Is covid a hoax
You just admitted that you care about what other people think about you, meaning you wear a mask as a display of performative morality. Thus, despite presenting yourself as this all-benevolent, all-compassionate, altruistic, morally superior Westerner, you are simply wearing it to soothe your own ego. God, what a <deleted>. No wonder so many people despise mask shaggers. And it is skin off your nose, since you restrict yourself from breathing freely. -
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Introduction to Personal Income Tax in Thailand
The Thai tax system is a 'self assessed' system. You decide what is taxable income and act accordingly - but keep records in case the TRD checks you - which is extremely unlikely, and even then not unless you are regularly over several years remitting into Thailand over 2 million baht a year (that is the amount the TRD has asked for the banks to report). With this change, any income earned overseas after 1 Jan 2024 and remitted to Thailand will be no longer taxable income, if it is remitted within 2 years of it being earned. Everything earned before 1 Jan 2024 stays as before, and is not taxable income. That will mean the vast majority of Expats are OK. However, when Thailand moves to a global based tax system that may change. A global based system, means any money you earn overseas in any year is taxable income. BUT like most other SEAsian and World countries (not USA), I anticipate that Thailand will also rule that the income of retired Expats (and other non Citizens who are tax residents) is not taxable, if it has already been subjected to the taxation system of the country it comes from. That does not mean 'taxed' (it could be tax exempt) but as long as it is 'subjected to' then it will be non-taxable. Besides the obvious downsides to retired Expats if they did tax it all worldwide - if Thailand is going to tax the investment earnings of an executive of a Japanese/Korean/etc company working in Thailand for the usual 1-2-3 year stint, there will be no executives of Japanese/Korean/etc companies working in Thailand for over 180 days. Me thinks TRD might have just learned about the 'law of unintended consequences' when they stupidly decided to change the tax rule as a tax grab - maybe 🙂 -
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ID card as a picture in the phone?
I have not carried my passport in Thailand for over twenty years, and it’s never been an issue. -
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Tourism Island Overload: 10,000 Flock to Koh Samui Every Day
Koh Samui was rather "pristine" 3.5 decades ago when I first visited - it is very far from pristine today. Another over crowded Thai tourist destination.
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