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1 minute ago, oldestswinger said:

Sorry to say it but your posts are a pain to read. Sure, everyone makes typing mistakes, but you make the same ones over and over again in your posts.

Don't read them then.

1 minute ago, MikeandDow said:

2 years is a Loooooooong time in politics,  and as i said there will be ways around it

Like how?

30 minutes ago, MikeandDow said:

There are always way around Tax laws in every country !! whether or not its illegal!!, Thai laws are the same always loop holes.!! me dont trust banks here!  dont do bank tranfers, deal in cash !! bring cash  into thailand  You can bring up to $20,000 USD or the equivalent in foreign currency into Thailand without declaring it to customs. You can also bring up to 500,000 Thai baht (THB) into the country.  I work FIFO every trip do the same been doing it for 15yrs  the old phrase "Money under the bed" works for me ( Iam a poor pensioner )

You don't understand common reporting standards do you? All your financial dealings are recorded. You bring in foreign currency in your baggage? Where will u exchange it in thailand? Forex dealings require your passport. Where will you get Thai baht to bring into the country? In a foreign bank, of course and your foreign bank is obligated to transfer all your financial dealings with the thai tax authorities! Tax evasion is a serious crime in thailand involving enormous fines and imprisonment and exile. Is tax evasion really worth it?

1 minute ago, VBF said:

None of this affects me, so only reading "OOI" but if it did, I'd agree, UNLESS a link is made between tax returns and visa renewals / extensions.

And that will come. A direct link will arrive when they start taxing global income and that is likely this year or next. There is already a proposal.put forward to the thai parliament by the Thai revenue dept. The next step is to put it into law 

19 minutes ago, Retfed50 said:

I have always said that they have no clue here how credit cards work. When you use a credit card, you are actually getting a loan from your bank and it has to be paid back. It is not income by any definition!

You don't understand. Foreign Credit card use to buy goods abd services in thailabd is assessable fir tax in thailand if you pay off the card debt using assessable income. All you card transactions involving what you buy and how you pay off the debt is recorded and accessible by the Thai tax authorities. If u pay fir example the card debt with savings from before 1 Jan 2024 then the card debt is not taxable in thailand.

41 minutes ago, Jabberwocky said:

I wonder if a foreign bank, asked to hand out data to Thailand or elsewhere, will not at least need  proof  of a criminal investigation. Even then I guess they would first check back with their home tax department if the credit card holder has paid his taxes. And if so, why would they comply, knowing of double tax treaties? 

Google 'Common reporting standard'. The dtas require full disclosure by participating states to prevent tax evasion 

10 minutes ago, Lopburikid said:

I have been to my local Tax Revenue office, and they tell me the same as they said last year "no tax retirement". visa, "no tax pension". it is totally confusing!

They just want to get rid of you. Answering questions just gives them a headache. To be certain you need ti get something in writing and officially stamped just as they do.

10 minutes ago, samtam said:

 

Thank you very much. That makes sense, in a subject that veers wildly from one opinion to another.

 

My apologies, I have to "eat my hat" on another subject we discussed, the issuance of TINs. I maintained from the conversations my Thai interlocutor had with Bangkok Revenue in Sathorn, that they would issue me with a completely different TIN to my pink ID. This morning I went with said person, and he completed on my behalf a Lor.Por10. In the process of doing this I flashed my Thai pink ID, and the clerk's eyes lit up, and so this pink ID number is indeed my TIN. The Lor.Por10 is the registration of that pink ID, (and it has to be registered for it to be activated). It has now apparently been activated, and I will file online tomorrow using the TIN. Well, to be precise, my Thai interlocuter will file for me as the Por.Ngor,Dor90, (as I only have foreign sourced income, none from Thailand*, as I am not permitted to work in Thailand under my visa), can only be completed in Thai online.

 

(*I am not clear whether the P.N.D.90 allows one to claim withholding tax refund, or whether I will have to file a P.N.D.91as my THB800k Thai deposit for visa extension pays interest - income - in Thailand, and has withholding tax deducted.)

 

What follows thereafter may also vary from what was previously advised by RD, including use of foreign credit cards not considered as tax assessable, unrelated to when funds were earned.

 

The OP seems to suggest a volte face, despite saying in an interview with Jett Gunther that credit card transactions are not included.

Using a foreign credit card from your home country fir goods and services in thailabd is treated the same as paying fir them with remitted funds. If the credit card us paid with funds in your home country and those funds are taxable in thailand then they are assessable. If not then they are not assessable. Do Some people really think the Thai tax dept like others that di the same around the workd haven't thought of such a potential.loophole?

30 minutes ago, sabaijai said:

 

If you're on a work visa & work permit, you're supposed to provide a current tax return when applying for extension of stay. 

That will apply to retirement visa extensions when they bring in global earnings tax this year ir next in my opinion.

Just now, StayinThailand2much said:

 

Sorry, but that raises so many questions, e.g.:

 

1. 'Income' from when, 1975 (or whenever it was earned), since residing in Thailand, or just for the tax year?

2. If I hold $20,000 in savings, had a taxable income overseas of $5,000 last year, and transfer $3,000 to Thailand, how does the Thailand Revenue Department know whether such transferred money came out of my savings, or last tax year's income?

 

Haha nice one. YOU have to prove it. You should not mix your earnings with your pre 1 Jan 2024 savings and have statements to prove it.  No.mixing. otherwise it's too complicated to bother trying to prove it 

1 minute ago, The Cyclist said:

 

Yet again, Royal Decree dated 31 March 2023, will allow Thailand ( without any new Laws, pending legislation, or farts in space ) to implement whatever is required to comply with CRS, rules and regulations.

 

I can appreciate that some people do not want to hear that. That is the reality of signing up to International Agreements.

Exactly. The dinosaurs who reject anything that takes them out of their Thailand comfort zone are in for a rude awakening.

1 minute ago, cjinchiangrai said:

Immigration would not be auditing, just collecting the filings. It has not been offered in a bill as far as I know but that does not mean anything. It could be a quick check on remitted income.

Immigration will only need a letter from the Thai tax authorities to confirm that you have filed a tax return and it is in order. Immigration will use it like any other document u need for extension as long as it is validated by the relevant authority. Same with your bank statement and letter.

But this is only likely when they bring in global earnings tax which is inevitable. The current remittance tax, which is now law, is just to warm us up.

3 hours ago, AsiaCheese said:

I would strongly advise to watch this guy here, and what he has to say. As long as there are no clear instructions from the Thai tax authorities, having someone talk about what's not set in any way (by the proper authorities) makes little sense...!

 

 

 

He said nothing of value. Total waste of time 

Just now, black tabby12345 said:

 

That date is long gone...

That 'news' first  made a headline in May last year.

9 months on, no real new development though.

All we could ever hear was,  the Empty Bark of the tax chief and these lousy accounting firms(targetting expats).

The regs have already been implemented for tax on remitted earnings abroad. Any taxable income remitted to thailand from 1 Jan 2024 have to be assessed by March this year at the latest. What's in the pipeline is global tax on earnings!

6 minutes ago, cjinchiangrai said:

If they did, then the Thai taxes would not be an issue. If they pay 0 at home, then the entire income becomes taxable here. You just need to fill in the forms to know that.

If only if that was wholly true. Paying taxes in uk on income there does not mean u don't have to file a tax return when u remit it to thailand. Taxation in uk only provides CREDITS fir tax already paid in uk. It dies not mean that it is not liable for filing or tax liability in thailand.

11 minutes ago, thpitsch said:

It does not matter whether or not pensions are included

It does. UK govt pensions, not state pensions, are nit taxable in thailabd due to the dta. If only they are remitted they Di not have to be filed 

1 minute ago, Tony M said:

 

My income in the UK is not taxed (small frozen pension and small rental income) as it is below my personal tax allowance.  But it will be taxed in Thailand if I remit it ?  A tax credit in UK is no use to me if I don't pay tax in UK ?

If u remit earnings that are assessable in thailand above 120000 baht per year irrespective of their tax status in uk then u need to file a tax return in thailabd

4 minutes ago, KhunHeineken said:

Most pensions from around the world, if all of that pension is remitted each month, takes the pensioner over the tax free threshold.  Most will have some tax to pay, that means a TIN, filing, declaring, getting a certificate of clearance. 

 

Just another earner out of farang, and another hoop to jump through in order to remain living here.  

 

Many have the strategy of doing nothing, because TiT, and all of this can not / will not work, however, I first brought up that a Certificate of Clearance may be another document required at extension time.  That was "scaremongering" at the time, but now allowed to be discussed.  

 

It's the easiest way of enforcing the policy on farang.  It makes you go to them, rather than them going to you.  They will not get much out of aged pensioners, but whatever baht they get out of them will be more than what they got before, which was zero. 

 

Then, you have high net worth individuals, cha-ching. 

 

Time will tell.   

Correct. Except u don't need to obtain a TIN or file a tax return if u only remit non taxable income to thailand from abroad 

5 minutes ago, Briggsy said:

Where is the tax evasion???

 

I am referring to pointlessly filling in tax returns when

 

a) there is no legal requirement

b) there is no tax owing

 

There is no tax evasion.

 

The answer was in response to @cjinchiangrai 's question about self-assessment in the UK.

There is a legal requirement in the uk to report taxable earnings above tax free limits annually. Just because you have not signed up fir self assessment dioes not mean you do not have to file fir tax if you have taxable income.

1 hour ago, gamb00ler said:

Thailand may decide to tax global income.  It is very unlikely they will tax assets.

Yes sorry. I mean global earnings tax.

2 minutes ago, cjinchiangrai said:

Spoken like a true accountant. To confirm that you do not have a tax liability.

It's not correct. You do not have to get a TIN or file a tax return in thailand if you only transfer funds that are not taxable in thailand and I stress 'only'

Just now, Presnock said:

well, I thought it iwas different so googled the PI and retirement funds - they do exempt basic retirement funds - look it up.  I note on their forum that for the most part retirees don't pay taxes there.

I have already stood corrected on that issue. Look at my correction. But I would take advice if u intend to flit to the philippines 

4 minutes ago, Briggsy said:

In the UK, there is no necessity to complete a tax return unless you yourself have registered for self-assessment. Examples of those who register for self-assessment are the self-employed with a turnover of at least £1000 per year or high earners with a total income in excess of £100,000.

 

Once you have registered for self-assessment, the penalties just pile up if you do not submit a tax return.

 

If you have not registered for self-assessment, nothing happens and you are left alone unless HMRC gain some information that you should have registered for self-assessment or have some untaxed income.

 

Actually more often in the UK, HMRC actively de-register from self-assessment when there is no tax owing and no need for a tax return to reduce administration.

You can go via the tax evasion path if u like but then u could be looking over your shoulder fir the rest if your life esp when u pass through immigration.

5 minutes ago, nglodnig said:

I don't think you know how financial transactions work - how are "they"  going to identify ME (or actually my [Thai] wife who is the main user of the credit card) as a resident of Thailand? Dosing rods?

ALL your financial records anywhere where thailand has a dta are sent ti the Thai is. They just need to key in your details. If your bank is in a state with a Thai dta then your credit card details abd transactions are available under common reporting standards. They know if u have used it in thailabd or your home country abd they know if u transfer funds to your wife adter using it abd they know if u are a resudent in thailabd