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Michael ******
This is a summary of
Michael ******
's contributions to the platform. They have posed 12 questions and added 757 comments.

QUESTIONS

COMMENTS

Michael *******
@Brunt ******
usually involves a cold cell, papa and some KY
Michael *******
the blob is getting smarter by the day it’s all in the web - feeling lucky ?
Michael *******
CRS - common reporting standards banks will share all transactions with TRD, amounts involved will determine how far up the list you are…..most will fly under the radar
Michael *******
Or how nasty TRD wants to be if they catch you 🤔
Michael *******
Tax changes are being driven from outside Thailand is the subtle difference, US and others want to close tax havens around the world, and Thailand has signed up so big fish will h
Michael *******
@Tomas ****
subtle difference is that 800k brought in before 2024 is not taxable, the 65k a month effective this year is taxable for those that choose to register for tax, although tax you have paid on this amount in your home country is offset against tax due here, acts as a credit.
Michael *******
@Peter ********
sure but that’s a gravy train that never finds the end of the line 🤔😊
Michael *******
@Tomas ****
banks and tax authorities have sight of that through CRS (common reporting standards) a system pushed by US and OECD to prevent tax evasion and money laundering will it be rigorously enforced here who knows they will pursue the big fish first, we are small fry
Michael *******
If you use 65k method, max tax you will pay after allowances assuming you have a spouse and med insurance is 15k a year….