July 2024 Thai Tax Update: Social Security, Pensions or Savings Being Taxed?
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- Опубликовано: 13 сен 2024
- "Will you be taxed on money you transfer to Thailand? In this video, I delve into the latest developments regarding potential double taxation laws here in Thailand. Join me as I discuss what I learned from a Thai tax consultant on crucial updates and insights that could impact expats and residents alike. Don't miss out-stay informed and prepared! Subscribe and hit the notification bell for more updates on tax laws and expat life in Thailand."
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Thank you for sharing
Thank You James for taking the time to pay for a professional tax consultant in Thailand to clarify + clear up any questions that may come up.
Appreciate Your ongoing efforts to bring information AND...
GOOD Vibrations to Your RUclips viewers !!
Cheers 🥂!!
Thank you 🙏🏼 I appreciate you!
We have the same tax treaty between Thailand and Australia
Thanks for the info James. The easiest way around these tyrannical tax policies is to use bitcoin which can be moved onto a debit card as needed and then converted into local fiat.
The uncertainty is killer.
Thanks for the info but I’m sorry but it didn’t really clear up much. Best to wait for the royal gazzette and see how this all comes out.
No news is good news especially being taxed….If anyone has an update or can shed more details about this topic please share with our good vibe tribe subscribers. Thank you 🙏🏼
I understood that money you remit to Thailand is money you transfer to your Thai bank account. This money is treated as "income". Money you withdraw at an ATM is not deemed to have been remitted so it is not income and not taxed. Now I'm more confused.
Roger that.
Thanks for the info. Just curious that if I stay in Thailand in 2024 for 150 days and bring in 10million THB and I stay in Thailand in 2025 for 200 days and bring in nothing, then, what happens?? Stll need to pay tax?? Nobody gives clear answer to this question. Since you met a professional, you may know...
Your info as regards pensions is unclear as there is a difference between corporate pensions and public pensions as covered by the USA DTA with Thailand. Similarly, Social Security is a separate kind of income which is safe from DTA. The same company you paid for help clarified this in a video on YT themselves. Alwo, not sure what you mean by things being reset after 180 days if your last day is on 12/31.
Sorry my friend, all you did was muddy the tax waters when you mentioned the possibility of ATM and bank withdrawals being taxed once AI systems are mature. Money in accounts and withdrawn doesn't mean that money is EARNED INCOME for that specific tax year. I think you wasted $250 on your "tax expert".
My pension is so Low that even the 250 Dollars would BE thrown out of the window.There are plenty of chances to lower taxes.
You need a different tax company. You cannot exit at 179 days and return. It is 180 days in the year so coming and going does not help. As far as tracking goes, no AI is needed. Any of the majority of us have a Thai bank account which will track any money coming in.
Great feedback thanks for sharing.
Also, just because money comes into an account, doesn't mean it's EARNED INCOME from a specific or current tax year.
Clear information. Thanks
Glad it was helpful! Thanks again appreciate you