Probably because the authorities know all about fake marriages so they make the requirements more arduous. If I was stupid enough to get married in Thailand, I'd still stick with the DTV
It's nothing to do with savings! It's INCOME earned prior to Jan 1st 2024 which is exempt. You need to stop watching these YouTube videos! I stopped "working" in 2014, so no more "income" for me (not in my name anyway!) 😂😂😂
"Country of residence" = Australia. Thank you for confirming! Nowhere in the tax code does it state "savings" must be in a bank account! Stop struggling and let it go! 😂
Haha! Yeah yeah yeah. Whatever you say must be right - even though I know differently. Any savings amassed prior to Jan 1 this year are exempt tax. That's from the tax office itself, and you're trying to tell me that "chats" you've had with "experts" overrules government policy. Excuse me whilst I ROFL. Ask your buddy Carl "Gimme Your Money" Turner how he's going to manipulate that one! 😂😂😂
Yes that applies to people who are resident in Thailand, but using the formula in s.3 of the DTA and deeming Australian Tax Residency, there is zero tax payable