TheAppletons

Looks like one might have a choice (in other words, either/or): "(b) General rule. The credit for foreign income taxes provided in subpart A, part III, subchapter N, chapter 1 of the Code (the “foreign tax credit”) may be taken either on the return for the year in which the foreign income taxes accrued or on the return for the year in which the foreign income taxes were paid (that is, remitted), depending on whether the taxpayer uses the accrual or the cash receipts and disbursements method of accounting for purposes of computing taxable income and filing returns." https://www.law.cornell.edu/cfr/text/26/1.905-1

Some posters seem to have the greatest difficulty grasping the simplest of concepts, even when repeatedly taken by the hand and led to the solution. Perhaps those posters should seek help from a cycologist.

False.

It's even simpler than that. If you have no assessable income (whether by DTA or LTR, whatever), you don't need to file a tax return because the TRD mandated threshold for filing is assessable income of 60K/120K/220K (reference previously quoted in this very thread.)

The number of people who think a YouTube video is a credible source of information would be hysterically funny if it weren't so pathetic. Imagine, when you were still working, if you went to your District Manager, CEO, Commanding Officer....whomever....and made a recommendation to him. When asked to justify your recommendation, you tell him you saw a video about it on YouTube, lol. You'd be laughed out of the office and, quite possibly, out of your job.

MDAC takes less than 10 mins online to fill out. Confirmation is instant.

Charlie Brown, my main man.

What is the difference between a drug dealer and a farmer burning his crops? One is lighting up a joint while the other is lighting up the joint. (Thank you ladies and gentlemen, I'll be here all week. Please remember to tip your servers and bartenders.)

What are you Smokin', Joe?

Pink Floyd Yes (esp. Close to the Edge) Marillion (esp. Misplaced Childhood) Pearl Jam

I'm not sure why anyone is doubting that "assessable" is in the Thai tax code: "2.TAX BASE 2.1 Assessable Income Income chargeable to the PIT is called “assessable income”. The term covers income both in cash and in kind. Therefore, any benefits provided by an employer or other persons, such as a rent-free house or the amount of tax paid by the employer on behalf of the employee, is also treated as assessable income of the employee for the purpose of PIT. Assessable income is divided into 8 categories as follows ....." https://www.rd.go.th/english/6045.html

Good for you, Skippy. I have no need to visit a Thai tax office as I'm not required to file a tax return. Run along now, m'kay?

Not accurate. (I suspect it depends upon which DTA you reference.) The US/Thailand DTA specifically mentions "government service" pensions and "other similar public pensions". "Subject to the provisions of paragraph 2 of Article 21 (Government Service), pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State. Notwithstanding the provisions of paragraph 1, social security benefits and other similar public pensions paid by a Contracting State to a resident of the other Contracting State or a citizen of the United States shall be taxable only in the first-mentioned State." https://library.siam-legal.com/thai-law/u-s-thai-tax-treaty-pensions-and-social-security-payments-article-20/#:~:text=Article 20%3A Pensions and Social Security Payments&text=Notwithstanding the provisions of paragraph,in the first-mentioned State.

No. There is a large swath of AN members who can't wait to file tax returns, even though they probably aren't required. Chalk it up to fear, illiteracy, and a guerilla marketing scheme by for hire expat tax advisors.

I don't get excited much about these political conversations, but this is too funny. And when I say "funny" I mean an unfortunate misuse of power. Biden was - when I was growing up - a pretty well-respected member of Congress. He seems to be (un)intentionally tanking his legacy on the way out the door.

Understand - which is why I specifically stated "IF one's pension is non-assessable for Thai tax purposes via DTA." I understand that each DTA is different; I asked because your posts imply (or perhaps I infer) that what you describe applies to all pensions/persons/remittances. That's the part I was questioning. (American citizen.)

I've seen you state this a couple of times now. There is no "threshold" to go over if one's pension is non-assessable for Thai tax purposes via DTA. One can remit the entire pension - regardless of value - and there's no consequence regarding taxation. It's all still non-assessable if stated as such in the bilateral agreement.

I don't think it's quite that simple either. There are many, many expats who will owe no tax; many more who will not even be required to file because they have no assessable income. We all know how the lines at immigration can be in the large expat metro areas - Bangkok, Jomtien, Chiang Mai, etc. Now imagine if all of those gaggles of people descended upon TRD to ask for letters for "tax not required". Add the additional gaggles of people also descending because they did have to pay tax. TRD is not even close to being staffed to handle such an undertaking. Considering the current reports of people being turned away just for wanting to apply for a TIN.....it's a stretch.

Laptop Deniers is the name of my new band.

Holy mother of Jesus driving a taco truck. So much misinformation, so much hysteria, so many clueless fools offering opinion as fact. If there was ever a reason for this website to be shut down, it would be this thread. LMAO.

a) Personal Allowance for self (PA1) - 60,000 b) Personal Allowance for wife (PA2) - 60,000 c) Over age 65 years exemption (OAE) - 190,000 d) 50% of pension income received, up to 100k (PD) - 100,000 e) In addition, the first 150,000 of assessable income is zero rated and free of tax (ZR) https://aseannow.com/topic/1324294-introduction-to-personal-income-tax-in-thailand/#comments

Complicated Sociosexual Reasons is the name of my new band.