Hi Peter, could I please ask you a question, I know you are an Aus resident for tax purposes and Aus has sole taxing rights over your money as per Article 4 in the DTA but my question is if you're still considered a Thai tax resident as you spend more than 180days here? For example, what do/will you write on the tax declaration forms if/when sent to you from your Aus bank? Cheers mate.
I'm not going to read every comment on the post looking to see if you added anything extra to your first incorrect reply. I was responding to this comment you made. Also, Old boy, I'm only mid 30s lol.
I was replying to your comment where you said "actually you still will be taxed here. But your taxes paid in other nation will count as a credit. If you owe more here… you pay" which was incorrect. But yes as you just replied now it depends on the DTA among other things.
By the way it looks like you're pretty upset about about the land down under, sounds like an Aussie bloke must've shagged your wife or something 🤣 what's got your knickers in a knot?
that's wrong and a pretty wild statement to make, without even considering the exempt income remittances which requires no filing obligations or tax to pay there is also, Article 4 paragraph 3 in the Aus-Thai DTA which states;
"3. Where by reason of the preceding provisions, an individual is a
resident of both Contracting States, the status of the person shall be determined in accordance with the following rules, applied in the order in which they are set out.
(a) the person shall be deemed to be & resident solely of the
Contracting State in ₩hich a permanent home is available to the person;
(b) if a permanent home is available to the person in both Contracting states
or in neither of them, the person shall
be deemed to be a resident solely of the Contracting State in ₩hich the person has an habitual abode;
(c) if the person has a habitual abode in both Contracting States, or in neither of them, the person shall be deemed to be a resident solely of the Contracting state with which the
person's personal and economic relations are the closer."
Do up a Will. You could also leave some cash stored with the Will or with a letter you've left for your loved one's that will tide them over until they can access the bank accounts etc.