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- Eric Kuypers: What's difficult about it? A tourist comes for a holiday and in most countries it is only short, max 30 days. People from the west
- Rob: Hello Frans, From May 10 you can pre-order it from the publisher. My email address is [email protected]
- Rob: The publisher is still working on the design and I don't know the sales price yet. It will be available for purchase from May 24. I will return in October
- Frank B.: Even though we plan to settle in Thailand and I have been following F70 since the early 1s, I hope this does not happen.
- Robert: Attract tourists? Then they could simplify the visa system a bit...
- Robert: I was in Thailand (near Ayutthaya) in January and March. I've traveled around that area a bit and am further north
- Ton Prangku: Bert, a university in Thailand has a different level than what we are used to here in Europe. We would call it secondary here
- Bert: Thanks for the nice tip! I also like to play games myself, but I don't know this one yet, I'll definitely take a look and see what it is
- Bert: Well, as far as I'm concerned, Bangkok or an expensive private one is not necessary, nor would it be practical since it is a good 500km away from here
- French: PS Rob, your email address is not in your article so I cannot email you my order. I don't see it on the book scout website
- French: Good storyteller! I'm going to order.
- Rene Mulder: Hi Rob. Seems like a nice book to me. But how much does the book cost and where do you send the book from because I live in Pattaya.
- Gerd H: Spend this money for such a ridiculous project on fighting poverty for people who really need it!
- Jack S: In Bangkok there is less of a rise in the sea than a drop in the land. The city stands on soft ground and this is
- Jan Beute: And not to forget the consequences for the requirements for retirement visa extension. 800K in a joint account is not allowed
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Home » Reader Submission » Reader Submission: Thailand End of Year Tax Break
Reader Submission: Thailand End of Year Tax Break
(Boyloso/Shutterstock.com)
You may have missed the message about the end-of-year tax benefit Thailand, but if not, the following message from the Bangkok Post will be of interest to readers: www.bangkokpost.com/business/1998351/b30-000-tax-break-gets-nod
Purchases up to a total of 30.000 baht in the period October 23 to December 31, 2020 are deductible for income tax 2020. A tax invoice with the tax number and name and address details of the taxpayer must be submitted with the return.
Certain goods are not eligible for deduction, such as alcoholic beverages, tobacco, fuel, etc. The most convenient thing is to present the Tax Identification Card at the shop. The benefit depends on the applicable marginal tax rate.
Submitted by Rembrandt
In the Netherlands, we call it a biscuit of our own medicine. Nice for the upper and middle class.
The vast majority of Thais pay no income tax at all (in 2015 only 3 out of 67 million; you only pay if you earn more than 150.000 Baht per year) and therefore cannot deduct this extra stimulus for the economy. You can therefore hardly call it a stimulus.
“Just three million Thais out of 67 million regularly pay income taxes.”(https://asiafoundation.org/2015/04/15/thailand-and-taxes/)
https://www.thethailandlife.com/income-tax-thailand
Chris, for the 3 million I would rather call it a home made cigar…. By the way, when I look at that photo it suddenly becomes clear to me where the worldwide shortages of velvety soft toilet paper come from! 🙂
Well yes, the 5 percent wealthy Thais get a tax reduction that must later be compensated by all Thais.
That the other 95% have to pay for the 5% is not correct because nobody asks them to pay more tax in any form whatsoever. Someone who earns well is portrayed negatively here, but it is actually positive because the more people earn a lot of money, the more tax revenue for the government, the more fun things can be paid with it, such as a higher old age pension or more money for social projects.
You can also see it this way: 95% pay no income tax and the 5% receive a discount on the income tax they pay. That is the advantage of earning more because then you can also pay more tax, but in the end you will have more net, nothing wrong with earning a lot of money because in the Netherlands almost everyone is taxed and in Thailand only a small group. In addition, a saving in income tax is offset by the higher yield of the Thai VAT, 7%, due to the extra expenditure. And if it is spent on products that are produced in Thailand, you help with extra employment.
Anyone envious of this arrangement should see to it that they can use it themselves. The government has been working for years to get more people into the tax system with the aim of distributing everything more fairly. The people out of sight of the tax authorities cheat things and then it is sometimes good that something is straightened out.
That's not really nuanced, Johnny BG. Accusing people of cheating!
You have forgotten that Thailand has the system of deductions, personal exemptions and a zero-% bracket and someone aged 65 or older quickly arrives at a tax-exempt income of half a million baht. See the calculation that Charly posted in this blog recently and also others such as Rembrandt and Lammert de Haan. In addition, another facility of the Personal Income Tax is shifting from 'income' to 'savings'
in the next year and using legislation does not fall under 'cheating' for me.
Thai workers on minimum wage, even if the partner cooperates, do not quickly reach half a million or they have to have a cool government job. I am convinced that of those 64 million people 'out of sight of' as you call it, the vast majority are completely legal and cannot be blamed except that they are poor and struggling to make ends meet.
Unfortunately, there are always those who do cheat, but to accuse everyone who is not described for the Personal Income Tax of 'cheating' is a bridge too far for me.
All criticism is nice and nice but also know the reality.
Trade can be conducted in a personal way and in a business way. Personal trade via Lazada and Shopee do not stand out because the focus is on VAT-paying companies. This is also excluded up to 1.8 million turnover.
The whole game of evasion is out there at the expense of the honest players.
Dear Johnny,
Without (having to) ask my girlfriend, I am sure that she would like to earn so much that she could also use this scheme. But with only 4 years of ประถม (primary school), because her parents could not afford further education, her chances of ever having an income and/or wealth well above the tax-free threshold were and are virtually zero.