TAX on Income from Abroad
- vincemunday
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Re: Taxes on money transferred to Thailand
Maybe not news to all, but, the first I heard if it was just a couple of days ago and it was relayed to me in the way I have typed it above. However, I'm grateful for your input, thank you, I'm a little more at ease than I was this morning
The forest was shrinking daily but the trees kept voting for the axe as its handle was made of wood and they thought it was one of them.
- sometimewoodworker
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Re: Taxes on money transferred to Thailand
Please pass on the real situation to those spreading either false or very misleading information.vincemunday wrote: ↑March 26, 2024, 2:15 pmMaybe not news to all, but, the first I heard if it was just a couple of days ago and it was relayed to me in the way I have typed it above. However, I'm grateful for your input, thank you, I'm a little more at ease than I was this morning
The information above is an abbreviated summary of the case, each nationality will have a different DTA (there are more than 60) so will need tax advice tailored to their circumstances.
Jerome and Nui's new househttp://bit.ly/NJnewHouse
In my posts all fees and requirements are the standard R&R but TIT and a brown envelope can make incredible changes YMMV.
In my posts all fees and requirements are the standard R&R but TIT and a brown envelope can make incredible changes YMMV.
Re: TAX on Income from Abroad
Yes, well said..my country has a Dual Tax Agreement, so I got a copy, and even though I know nothing of tax, it outlined the situation in that regard, and I think I stated before, it comes down to ' words ' used in the Agreement..such as resident, income, etc etc...if you have a DTA go read it. avail yourself of what may come to pass.
- sometimewoodworker
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Re: TAX on Income from Abroad
While reading the DTA is a good first step it is unlikely to be sufficient.maaka wrote: ↑March 27, 2024, 3:43 pmYes, well said..my country has a Dual Tax Agreement, so I got a copy, and even though I know nothing of tax, it outlined the situation in that regard, and I think I stated before, it comes down to ' words ' used in the Agreement..such as resident, income, etc etc...if you have a DTA go read it. avail yourself of what may come to pass.
As an example HMRC and the Thai taxation department have an agreement recently concluded related to capital gains tax. A professional taxation adviser such as PWC will have details regarding all such arrangements and will have a duty to minimise your tax, this is not something that the Thai taxation department has, so while they will of course give answers to a direct question, you must know exactly the question to ask and asking general questions will not be helpful and may even not get the results you want, it’s not the job of the taxation department to minimise your tax liability.
Jerome and Nui's new househttp://bit.ly/NJnewHouse
In my posts all fees and requirements are the standard R&R but TIT and a brown envelope can make incredible changes YMMV.
In my posts all fees and requirements are the standard R&R but TIT and a brown envelope can make incredible changes YMMV.