sandrew33

Not really. The tax free threshold in the UK is about £12000 but this only applies to UK Tax Residents. If you are no longer UK Tax Resident and are instead a Thai tax resident then your UK income would not prima facie be covered by the tax free threshold. You’d need to check your personal circumstances in the UK. Thailand can tax Thai tax residents as it sees fit under Thai Law. Nothing to do with the UK EXCEPT where it’s covered under the double tax treaty between the 2 countries.

Those tax free thresholds are usually much lower if you have advised your UK/Aussie etc tax authorities that you are no longer tax resident there and are in fact tax resident in Thailand. Regardless, the income would be taxable in Thailand if you are resident here with a credit allowed for any tax paid in the UK.

Reading comments of a lot of Aussie expats on government pensions the issue is they accidentally or deliberately currently fall through the cracks. They don’t change tax resident status in Oz and so the entire age pension is basically tax free (assuming little to no other income there) and they don’t declare it in Thailand. Win win 🙂 If they are actually Thai tax resident and have ceased to be Australian tax resident they should be taxed in Oz on their pension as non residents and get a tax credit under the DTA here in Thailand. Either way they pay tax on it. Currently they don’t and aren’t bothered by Thai or Aussie tax authorities. So here we are 🙂

Given this is fairly common practice for individuals in most countries and for businesses across borders daily there are rules around the conversion rates. Typically you can use actual rates if you’ve got details of every transaction by date OR an average rate monthly/annually. The whole thing simply aligns Thai tax more closely with the tax regimes of the countries most of us come from 🙂

The US and most other countries in the world already share this information under automatic information sharing agreements. One of the reasons you are asked which countries you are a citizen of and a tax resident of when you open bank accounts is to make that automatic sharing easier.

Per my post about 3 posts before this, this assertion is complete <deleted>. Most developed countries tax those who are tax resident on their global income (subject to double tax agreements). You are confusing taxing people based on their citizenship v taxing them based on tax residency. Two entirely different concepts.

This is wildly incorrect. You seem to be confusing determining tax residency based on nationality/citizenship v the broader concept of taxing people on worldwide income based on tax residency. Most developed countries have some form of worldwide income approach to taxing those tax resident in the country. This is Thailand simply adopting that approach. If you are earning the income in a country that has a double tax agreement with Thailand than that will still have application. The DTA will determine what income is taxed where and where it is subject to tax in both countries will allow a credit for the tax already paid outside Thailand. The practical question is the resources available to the Thai revenue authority to manage this and the will to do so at the bottom end of the expat population. Logic though will dictate that anyone here more than 180 days a year is likely to be under greater pressure to at least register for a tax number and file an annual return presuming this all becomes law.

It’s pretty standard for most tax regimes that you pay tax in your country of tax residence on your total worldwide income.

My bad, hadn’t noticed it. Long thread though 🙂 As someone as a long history in tax I think the topic highlights one of the ever present issues in tax and that is the difference between the law (in a black letter sense) and practice of the authorities established over many years. They often diverge and so when basic principles are restated by the authorities with even a minor-ish tweak it causes confusion. The general trend, in most jurisdictions, is that information sharing across borders (via CRS and FATCA) and technology raises the risk of being picked up for review and at that point what will matter is the law as its being interpreted by the authority at that time as opposed to “well I’ve been here 20 years and its never been an issue”. Interesting times for expats who are dancing the residency dance at both ends (home and here in Thai).

Thai Revenue Department primer released on tax for individuals in Thailand from 1 January 2024 (see attached) Short version: If you are living in Thailand more than 180 days a year and derive income outside Thailand and bring it into Thailand (say a pension) then it is prima facie subject to tax here. How_do_foreigners_living_in_Thailand_pay_tax__1715414462.pdf

🙄

Another smug <deleted> who can’t just get on with his life without having to denigrate Thailand. Enjoy Columbia champ. Thailand has more than enough places with “western style amenities” - generally vastly superior to Colombia unless you are in some rural backwater - and you can live in Thailand as cheaply or as expensively as you wish. I do understand the need for some basic savings to qualify for the long term visa might challenge a bloke like you but that doesn’t actually make it difficult. The smog issue is something Thailand has to deal with, we all know the causes, so hopefully they will resolve it soon enough. Just spent 2 weeks in Bangkok and it really wasn’t an issue but sure that’s definitely a determinant 🙄 For absolute clarity, no issue with anyone choosing to live anywhere but the need to come into this forum for a bit of a Thai drive by suggests you either have issues with missing the place or you just have issues that you probably need to address. FRO 🙂

I think you meant “land of the fee “

LOL. You really are quite dim. Ciao 🙂

The point really went right over your head didn’t it champ?

You been in a Western Country recently mate? As an aside, everyone should be treated equally under the law, so if a foreigner commits an actual offence then they should be punished but they should also be treated fairly under the law and not subject to prejudice and presumptions of guilt. All of which is above Anutins head as he just likes to go on occasional parochial rants to distract from his own myriad failings 🙂

That’s a you problem champ.

This bloke clearly has issues and one cannot condone this type of behaviour. Anutin getting all high and mighty about it is entirely understandable. Of course Anutin also sits in the government ministry with a convicted heroin dealer. So obviously his support the law and his horror at the harm done by criminals only extends so far.

Indeed. That it’s at Patong Beach just adds to the amusement. What do they suppose Patong generates a good portion of its income from? It’s not temple tourism 😁

Anyone else think “stoner” might have a vested interest here?

So with the south of the island currently a province of Russia made up of those avoiding military service and organised crime and basically all of them in breach of “tourist” rules, I assume that’s where they will start? 😂😂😂😂😂😂

The quintessential example of someone who knows and cost of everything and the value of nothing 🤷🏻‍♂️

And? What exactly does getting a respiratory virus have to do with wearing masks?

Provided the seat sizes are similarly adjusted to reflect that. I mean midget seats, small, medium, large. Why they are allowed to sell seats that can’t fit a normal sized fit westerner is odd. 🤷🏻‍♂️

Having dated a Korean girl named Bo there’s a similar sign that I find interesting while driving on the expressway ????????