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Is is a self assesement only procedure to file for PIT? Can I claim that all my remittances are pure profit or do I need to provide paperwork? My tax liabilty was/is zero in 2022 but I need to make something up for TRD to get a tax certificate. Thanks! Does the online filling also provide a tax calculation? I simply need to pay 100 Baht but would hate it to have missed an allowance and end up with a zero tax payment. Thanks! I understand there is still no way to get a tin online? My only solution so far is to pay 10000 Baht for a free procedure and use an agent as I am not in Thailand. I fail to understand why there all sort of shenanigans regarding 800K Baht bank deposit by agents for a visa but for TRD everything must be according to book and no agencies are available that allow for a 20K Baht solution for a tax certificate that simply states that I have been in TH for longer then 180 days in 2022. Any ideas highly welcomed!

Can anyone recommen a good thai tax calculator for the year 2022 and the then relevant allowances? Thanks!

I agree the article does look quite unprofessional with the heading not really matching some of the content. In my opinion this just shows how unknown the whole tax situation is and that anything could happen or nothing at all 🙂

Article in a newspaper claiming all tax residents must hand in a tax declaration for 2024. https://www.thaiexaminer.com/thai-news-foreigners/2024/10/30/new-citizenship-path-for-foreign-residents-in-thailand-agreed-by-cabinet-interior-ministry-to-frame/ No idea if there is any substance to the article, do not shoot the messenger.

Some people mix up corp and individual taxes and believe there is a trend towards minimum PIT taxation. Off topic anyway...

It is important to understand that there is no! drive for a global minimum tax on personal income whatsoever, neither ww nor in Thailand.

All this 60 day stuff only applies if you are a tax resident and that comes into play after 180 days in TH not before.

Did you send them the IB statement where it shows you current net wealth? I suppose they like it because it comes with a stamp and a signaturepreformated🙂 Was that accepted? Maybe send them some monthly, yearly trade reports. I will never understand why Thailand has a problem with brokers. Good luck!

They fail to understand unlimited as it is beyond their wildest imagination... Remember those <deleted>ty health insurances they want to sell to you that are capped at 500K Baht? Better to have something like 10 Million Baht. I know it is a joke but what can we do. There should be no need for health insurance if one has 80K USD per year passive income as in the WP LTR.

Did you try the following certificate: https://www.thaiembassy.fr/wp-content/uploads/2021/10/foreign_insurance_certificate.pdf

The rules are the rules and then they come up with the joker "additional information can be asked" or "entry is at the discretion of the IO officer". I once had all paperwork for an OA visa lined up and then they came up with the need for a signed copy of a 1 year rental contract which I did not have nor wanted... Of course no need for it was mentioned on any website of the three german embassies.

I think you can spot the difference yourself! Now all remitted income is taxable and beforehand no one controlled or paid taxes on remitted income simply claiming it was from a different year. You are the only one in this forum claiming that no changes have happened in the tax year 2024. Why do you think there are hundreds of pages of discussion on this topic? Come again what will change exactly in 2025? There have been only rumours on ww taxation and no changes have been announced, so the chances are close to zero that something will change in 2025 as it would take a change in law ratified by parliament and announced in the royal gazette in the next 9 weeks.

2024 is the first year when a remittance based taxation will be used so we will see changes in the filings.

Not really a solution I think as TRD can show up years later and demand taxes. The risk will always be there but then tit likely that nothing at all will happen.

You can file first of Jan no earlier... You can get a tax ID now though but no rush to do so even if you know you are liable to pay tax.

Great info! Highly appreciated!

Pretty amazing that they do not accept PIT declaration while having a ww income taxation in place. Problem is that they have no US CAMBODIA DTA in place so one would pay 30% WHT on US dividends if residence is delared correctly.

Do you have further info on the real life Cambodia tax situation/changes? Cause in theory according to the cambodian tax laws you get taxed on your ww income instead of just the remittances like in TH.

Two sentence and two times wrong. 1. It is even in the word Value added tax so it is a tax and hence foreigners are already paying tax. 2. You get benefits the moment you come into Britain or Germany or the US or the all other members of the EU... if you are an asylum seeker.

Accounting method can only be FIFO OR average cost, so apparently both are acceptable and one can chose. This was also mentionend in a doc from TRD that Chiang Mai kindly provided.

The inheritance tax has a "high" threshold of 100M Baht. https://thailand.acclime.com/guides/inheritance-tax/

I do not claim I know for sure how cc transactions are handled by the TRD but you do claim exactly that. So it is up to you to provide the proof . I do not understand why this simple logic is hard to understand. What exactly did I make up? Please answer this exact question.

There is no issue. The lawmaker can decide that only Germans who post on AN under the name of Hayek are taxable in Thailand. They basically can degree what they want. There is no stringent logic in tax law. We can guess, but they can do what they want.

There is nothing to understand why one country has different laws and application of the law then another, one just has to accept it. I side with you that it is likely (60% I guess) that cc transactions will be considered assesable but how UK treats is only a very limited indication.

Regarding the debate about cc transaction. Why not take out a loan and pay the loan back several years later (when not in TH)? Should be OK in my mind. My favorite still is to have the relatives pay my rent directly and hence gift me the money that should be OK in my book. In a lot of jurisdictions in the west it makes perfect sense to gift some money to your children. My parents could even rent the house outright under their own names and I just life there as a caretaker.