Is it cheaper to rent in Cambodia than building a house in Thailand?
Is it cheaper to rent in Cambodia than building a house in Thailand?
Sweaty, you heard off "dual tax treaty" look it up.
Well, I get four monthly pension checks from the US - one USG and three Social Security - and I sure pay no local tax here on any of it.
^No. Permanent resident Philippines.
The point, however, is that US pension checks can only be paid into US bank accounts. Once they are paid into my US Citibank account, and I transfer funds when I need to to my Philippine Citibank account, how is the Philippine, or any other country's government, going to know the origin of those funds? It's simply a bank-to-bank wire transfer....are you suggesting those are subject to local tax, in Thailand or anywhere else?
Last edited by Davis Knowlton; 07-08-2016 at 06:41 PM.
^ See ^^ above. How would the Thai have any idea that the source of my wire transfer money was from a pension?
Fine. Pay the Thai. Enjoy. I will continue not to pay double taxation here.
I note that you didn't address my query, but then quite frankly I find you a bit thick, so don't bother trying to work it out.
When dealing with tax authorities the onus of proof is on the individual. ie prove that the money you have just remitted into Thailand from your foreign account is NOT foreign income.
I am simply stating Thai tax rules here, not trying to justify the morality of the regulations!
Wow. Three consecutive posts attempting to justify your claim. Don't take it personally, I think a number of posters are thick - you're not alone. I suspect I probably lived in Thailand longer than you have, but that's really neither here nor there. Wallow in your self-righteous ignorance. Have an adequate evening.
What do you call "a proper archaeologist" harry?
You are correct, length of time lived in Thailand and your opinion on Thai tax regulations have absolutely no bearing on actual Thai tax laws, just as your living in the Philippines and your tax position there have no bearing on tax rules either. Starting to get it yet?
Personal income tax.
::Personal Income Tax::
But Davis' opinion counts for more because he lived in Thailand once. What would the Thai tax people know about their own laws?
They would not know. The guy shoots himself in the foot because pensions are not included in the assessable income.
Assessable income is divided into 8 categories as follows :
income from personal services rendered to employers;
income by virtue of jobs, positions or services rendered;
income from goodwill, copyright, franchise, other rights, annuity or income in the nature of yearly payments derived from a will or any other juristic Act or judgment of the Court;
income in the nature of dividends, interest on deposits with banks in Thailand, shares of profits or other benefits from a juristic company, juristic partnership, or mutual fund, payments received as a result of the reduction of capital, a bonus, an increased capital holdings, gains from amalgamation, acquisition or dissolution of juristic companies or partnerships, and gains from transferring of shares or partnership holdings;
income from letting of property and from breaches of contracts, installment sales or hire-purchase contracts;
income from liberal professions;
income from construction and other contracts of work;
income from business, commerce, agriculture, industry, transport or any other activity not specified earlier.
Pensions are not taxable.
It was already so easy to stay as long as you want in Cambodia, so wonder what is the interest of this new visa ?
That's what I'm wondering about.
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