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Metapod

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  1. Metapod
    17% is still too high considering other options and lack of good tax planning in Thailand tax law. If 10% if enough for god at church, it should be enough for papi thaksin and his cronies. They get the other 7% from VAT
  2. Metapod
    Exactly, we all will. That's why it's the magic number. If Thailand truly wants to expand their tax net, just do a flat 10% tax. Less is more.
  3. Metapod
    10% That's the magic number. Flat 10% and watch everyone comply.
  4. Metapod
    some hefty interest numbers there
  5. Metapod
    I have 20 year Thai Elite visa. I will just spend less than 180 days a year in Thailand and simplify my life.
  6. Metapod
    a DTA doesn't absolve you from filing a tax filing in the secondary location. You will have to file in both Australia and Thailand. Even if you owe nothing in Thailand, that in itself is a huge pain in the ass. The Thailand tax calendar starts Jan 1st, the Australian tax calendar starts July 1st. That creates complexity. Then factor in getting documents translated into Thai and then getting those documents certified. Then hiring tax accountants in two countries to handle both submissions. Then discussing DTA itself, you need to look at the DTA for each category. Some will give exclusive taxing rights to one jurisdiction, others are taxed in one first and then taxed in the other. For example, if you owe 30,000 in AU but 50,000 in Thailand, you would have to pay 50,000 in Thailand and then use a tax credit against the 30,000 in AU for your AU tax return after July. The short answer is this <deleted> gets complicated at the very best, and costing you more at the worst.
  7. Metapod
    That's not how DTA works.
  8. Metapod
    most villas in phuket and samui are illegally using the nominee loophole
  9. Metapod
    this change doesn't just target foreigners, it affects wealthy Thais.
  10. Metapod
    What's the chances the tax changes get rolled back?
  11. Metapod
    hope whoever comes in next walks back the tax changes <deleted>ra tried to push through
  12. Metapod
    would need higher salaries and lower taxes to be competitive.
  13. Metapod
  14. Metapod
    this idiot is still doubling down. lol.
  15. Metapod
    No you don't. You are an absolute idiot. Multiple people who ACTUALLY HAVE THE VISA are telling you that you are wrong.
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