Yeah , and the parents of the little children ,,who sell them to foreign perverts , sorry whoops Cambodian touristsOriginally Posted by Iceman123
Yeah , and the parents of the little children ,,who sell them to foreign perverts , sorry whoops Cambodian touristsOriginally Posted by Iceman123
I dunno why you guys are adamant you are right/I used to live in Thailand/a man in the pub told me etc etc......
Just look at the legislation.
"Section 40 Assessable income is income of the following categories including any amount of tax paid by the payer of income or by any other person on behalf of a taxpayer.
(1) Income derived from employment, whether in the form of salary, wage, per diem, bonus, bounty, gratuity, pension, house rent allowance, monetary value of rent-free residence provided by an employer, payment of debt liability of an employee made by an employer, or any money, property or benefit derived from employment."
^Do you receive a foreign pension in Thailand? Do you pay Thai tax on it?
In Cambodia, seniors woo juniors.
I saw this farang in a market in Siem Reap selling his own handmade artwork. None of the Cambodians around him seemed to give a shit. When I asked the locals if he would be in trouble if the old bill clocked him, they essentially said that they don't give a shit, "you can do what you like in Cambodia".
Probably why buying and selling children has been going on so long.
True.
Another Khmer told me you can buy anything you like in Cambodia.
I know exactly what they are having sold them. There is no way a State Retirement Pension may be regarded as being an annuity, likewise occupational pensions.Originally Posted by sweaty
Now, go and have a drink with Gonzo.
"Section 40 Assessable income is income of the following categories including any amount of tax paid by the payer of income or by any other person on behalf of a taxpayer.
(1) Income derived from employment, whether in the form of salary, wage, per diem, bonus, bounty, gratuity, pension, house rent allowance, monetary value of rent-free residence provided by an employer, payment of debt liability of an employee made by an employer, or any money, property or benefit derived from employment."
http://http://www.siam-legal.com/Bus...income-tax.php
"Personal Income Tax Rates In Thailand
Personal Income Tax in Thailand is levied on every individual, resident or non-resident, who derives assessable income from employment or business in Thailand, or has assets located in Thailand, whether such income is paid in or outside of Thailand.
Tax Is Levied As Follows
Wages paid in Thailand or abroad
Income earned by a person who resided in Thailand for a total of 180 days
Housing and meal allowances or their value
School fees for dependents paid for by employer
Cost of home leave for taxpayer and dependents
Capital gains arising from transfer of assets
Pensions and retirement pay brought into Thailand
Royalties
Fuck off. Nobody cares about your fixation.
That's the way.
I've spent some time looking at a few forums on this taxation in Thailand issue and the common sense answer is: Thailand does not tax foreign pensions.
1) The Thai laws are unclear, and different sections seem to contradict each other. There are sections that say:
- retirees in Thailand are not required to pay personal income tax (and are not allowed to work in Thailand).
- proof of taxation in homecountry (as per tax 'credits' through a double taxation treaty) will satisfy taxation procedures.
But, being Thailand, other laws seem to say other things, and sometimes Thais in position of authority speak out saying stuff that could be construed in various ways.
In this space it is unclear.
2) There seem to be no, zero, nada, examples of any foreign pensioner paying tax in Thailand on their foreign pension money - that's a very strong sign.
That's very clear.
3) Double taxation treaties. Many countries have them; I'm from the UK, so here's the info on that:
Thailand: tax treaties
From:HM Revenue & CustomsFirst published: 2 January 2014Part of:Tax treaties, International tax and Living or working abroad or offshore
Tax treaties between the UK and Thailand and related documents.
Document
1981 Thailand-UK Double Taxation Convention - in force
PDF, 85.6KB, 38 pages
This file may not be suitable for users of assistive technology. Request an accessible format.
Detail
The double taxation convention entered into force on 20 November 1981.
It’s effective in Thailand from 1 January 1981 and in the UK from:
1 January 1981 for Petroleum Tax
1 April 1981 for Corporation Tax and development tax
6 April 1981 for Income Tax and Capital Gains Tax
https://www.gov.uk/government/public...d-tax-treaties
That's very clear.
Thus, do pensioners pay tax on their pensions brought to Thailand: no.
Can somebody play around with Thai regulations and find meaning that foreign pensions will be taxed - almost certainly. Is anybody actually being taxed on their foreign pension: no.
Cycling should be banned!!!
Meanwhile, back in the real topic...
Cambodia pursues long-stay travellers
August 23, 2016 by Wanwisa Ngamsangchaikit
Filed under Cambodia, News
PHNOM PENH, 23 August 2016: Cambodian intends to make sweeping changes to its immigration regulations that will allow foreigners to stay for up to three years on a single visa in an effort to boost long-stay tourism.
Khmer Times quoted Tourism Minister Thong Khon saying the three-year multiple-entry visa is part of a government strategy to encourage foreigners to stay in the kingdom for extended periods.
It will target retirees and other long-stay travellers who have adequate means of support. The sector spends considerable revenue in a country and has been successfully pioneered by neighbouring Thailand.
However, recent efforts to tighten regulations and increase surveillance of foreign tourists in Thailand could provide an opportunity for its neighbours to attract long-stay tourists if they introduce user-friendly regulations for extended stays.
Cambodia’s multiple-entry visa will be available, 1 September, to foreigners from all countries, the minister said, with different fees according to the length of stay. Fee structures for the new visas were not announced.
The new entry visa will allow tourists and business people to enter and exit Cambodia as many times as they wish during the visa’s validity period, he said.
A dedicated retiree visa (ER-visa) as opposed to the ordinary E-visa, has also been mooted in recent months. However, very little information is available on proposed conditions, such as age, financial requirements and proof of retirement status.
There was talk of the ER-visa being introduced 1 August, but that deadline passed without an announcement. For most visitors planning an extended stay a multiple entry visa valid for three years would be superior to a one-year renewable retiree visa unless there were other incentives for the retiree.
The downside is that Cambodia requires travellers staying in the country for more than 182 days in a year to declare their overseas earnings that are taxable. This would apply to retirees unless a special dispensation was made.
Both Thailand and Malaysia are competing to attract retirees. Malaysia requires financial records showing they have USD37,000 in the bank, while Thailand requires USD22,000. However, Malaysia’s My Second Home programme allows retirees to buy a residential home and land, which is not allowed by Thailand.
A website specialising in offering tips on moving to Cambodia recommends that visitors planning to stay up to one year in the country should apply for an ordinary visa (E-visa) and then once in the country extend it with a six to 12 month multiple visa. The three month extension allows for a single visit as opposed to multiple entries with the six to 12 month extensions.
The E-visa costs USD35 for 30 days.
Cambodia forecasts it can attract 7.5 million foreign tourists by 2020, which the ministry says will generate USD5 billion revenue annually and create 1 million jobs.
In 2015, the country attracted 4.77 million international travellers up 6.1% from 4.50 million visits in 2014.
Cambodia grants visa exemption to all member-nations of ASEAN for a stay of 14 days to a month and cooperates with Thailand to offer a two-country visa applied for at either a Thai or Cambodian embassy (first point of entry) for nationalities that still require visas for both countries.
Nationals of other countries can obtain a visa-on-arrival (USD30) or for a business visit (USD35), for a stay of 30 days.
Cambodia pursues long-stay travellers : TTR Weekly
I know in the Philippines you have to deposit a certain amount of money in a local bank.
Is Cambo not the same?
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