Presnock

actually, of the 138 countries that signed the OECD agreement, many are probably looking at THEIR tax programs right now and we might see even more changes from our own country. Is this progress? positive or negative?

see articles 20 and 21 of the DTA between USA and Thailand

What would be a help, anyone going to a revenue office should ask if the new policy would enable those WITHOUT assessible pensions/ss should not have to get a TN nor file a tax form each year. Mainly, if we are still informed by the Revenue Office that we MUST get a TN if we meet the criteria for one and we MUST file a tax form even if the bottom line says "zero tax". I can only imagine the folks in that office having to go through all those forms from those that do not have assessible income. Even if they are online, it will still be quite odious and make them dislike some of us even more so in my opinion.

read the DTA US with Thailand Article 20 and 21 spell it clearly. Even if a person (Thai American) has only been paying US taxes, the articles state that only the US can tax US govt payouts unless the recipient is a Thai citizen and resident in Thailand. She can always file a form with the IRS to stop them deducting taxes on her SS and/or pension - BLV it is form W4. Read the DTA, it is in English and in Thai also

since LTR visa is tax exempt vita Royal Decree, my opinion is you have nothing to worry about as that trumps the civilian/mil govt too.

seems to me YOU should read that DTA so YOU will know what it says. Or, maybe see a tax expert who can give you his/her opinion of what the RD final will look like. Or wait until next year when it becomes necessary to file or not

As has been noted before, there is no penalty for not filing if you do NOT have assessible income...why get a Tax Number and file a "zero" form if there is no penalty. However IF the govt decides that WE must have a TN if we have certain incomes in order to move through immigration, then year WE will have to get a TN and do what paperwork they want unless we decide to a friendlier tax countr. Funny, I just received an article talking about the 10 most desired countries 2024 in the world. Thailand was number 6 and it said that while there are a few immigration complaints, taxation was avoidable by getting an LTR visa but of course they didn't say if that was easy, cheap or whatever. But as a last resort, if you meet the necessary requirements for that visa, by royal decree you won't need to pay taxes while in Thailand to the Thais.

I have not read the DTA between UK and Thailand but in the US DTA ( I realize this is different but I learned from reading the DTA that deals with my funds and suggest you do the same. In mine it says what pensions are exempt from foreign residences but for not-govt pensions, they in turn can be taxed by the "resident" (in our case Thailand). As an American, I have to pay US taxes but if Thailand were to begin taxing my funds, then I could in turn have the US IRS stop deducting taxes from those funds that the Thais are taking out tax. These non-govt funds can be protected by the IRS giving credit for any taxes removed by the Thais. Like I said, it is clear in the US DTA and I would think that by reading your own DTA it might answer any questions you might have. Again as I said many times, and what you will see here before the final version is royally blessed, these are opinions of non-professionals for the most part, but even the professional tax agents are only guessing right now. Good luck on yours, hope all works out for you and everyone else having questions.

fepblue (blue cross blue shield) They cover me even though I live overseas. I read an article this morning on the very subject - a large number of people in the US now are not getting medical care when needed as they decide to eat instead. The primary Pha reason is he increases by the hospitals for treatment and doctors' fees increases. You all are aware that the pharma industry also affects prices of medicines - go figure, we are getting warnings about the COVID vaccines causing even more long term health problems while the Pfizer got a court to award a charge against any scientist/doctor reading their testing results prior to the approval by the FDA. To possibly really upset one, google billionaires created during the pandemic, within and without the pharma industry. In my opinion all a bunch of crooks - mankind is possessed by GREED..totally EVIL.

AMAZING, reader obviously went to school as it seems many have not. The real reply is that until the final revenue department says the final version, most of us can just make our opinion known and in many cases just continue to confuse folks. Some of the DTA are really in ambiguous terms - a way for politicians and lawyers to be able to interpret meanings of same to be different. The US DTA says government social security is exempt Article 20 and US government pension exempt Article 21 unless the receipient is a Thai citizen and resident in Thailand. Seems to be very clear but TIT.

If your wife is dual citizenshipor is a Thai native and you depart withher getting80% of your US pension, Thai can tax her legally as article 21 states clearly that there is no exemption if the recipient is also a Thai native citizen so she would be taxed in Thailand legally. She could file a form 4 I think for the IRS to cease taxing her in the US and then avoid a double tax as she is responsible for Thai taxes as a resident citizen. Read the DTA articles 20 and 21 about exemption of US paid ss and govt pensions.

other international health plans are also increasing more and more each year as hospitals' charges continue zooming. Mine too just increased another 7+ percent and just continues going up with possible lower and lower max payments. But at 77 I sure can't just forget it.

recomend drinking water just before going to bed and immediately upon waking, drink water again before getting out of bed is the general health suggestion

read your question - article 21 (govt service) is not all pensions, is govt pensions only as the title states. Private company pensions may or may not be exempt under this article anyway.

Mike I for one have been saying from the very beginning when we first read about this new interpretation of an old law - with so many DTA's with different countries, each ex-pat wherever they are from should read in their language of understanding, the details on pensions, and any other banking requirements for double taxation or whatever. Must be that too many ex-pats can't read nor just too lazy to try and figure out what might be coming as until we see the final requirements, we all are guessing only

Pensions are those paid by the US govt that are exempt IAW article 21 unless the recipient is also a Thail native. SS is exempt under article 20 of the DTA with the US and Thailand

I think that I would have it sent to an aussie bank and then draw funds into Thailand from that account since then you would be receiving the check from the govt within aussie land, not Thailand. My opinion only and we still do not fully know if all pensions will be exempt or not as they are in some countries.

Yeah thanks for continuing to honcho this crap! I don't plan on getting a TN unless there is a requirement put out by the government as I have zero assessible income - having only a US govt pension and while I continue to pay for a lot of things here, if they continue to push at the ex-pats then I might spend a lot less. Right now I own a house in CM and lease a condo for my Thai college kid and lease a house in Bangkok so my wife and I can be near our daughter but far enough away to keep our two huskies. I delayed getting another car but that is not as necessary as it used to be with the local train system. But this means I spend a lot of $$$ (at least 100K) plus charge a lot too for groceries, tuition, restaurants, etc and will slow a lot of that down as I am sure other ex-pats will do too. I chat with some in the PI and there was a mention of a similar track there but they decided it would cost them more than they would get back from the ex-pats. Similar stories in other ASEAN countries too about a new tax on ex-pats but most pensions were mentioned as not affected at all. take care keep up this almost thankless assistance for all.

WIth US govt pension is easy enough to do, get yearly/monthly reports of pension funds sent and taxes deducted, then at end of year get a w2 stating total paid during the year and taxes paid for that period and if that is not enough, then there is my 1040 income tax form that I have to do yearly. fyi interesting article on some local powers against this new policy too in Thai Examiner.com

when I asked a tax agency about this new tax, they didn't mention exemptions according to the DTA but told me that if my pension was double taxed, then I could get my monies credited for current year or lower taxes on that amount charged by the tax resident country. I then began looking at the DTA and other notes passed in this forum. even seeing all the different documents etc, until I see the RD put out guidance for ALL ex-pats then I will for the most part just read and forget as I have been noted to jump to conclusion without being properly informed. I hate that probably more than those that read it. Actually I get a lot of laughs out of this forum as I thought most would be more like me than so far different from me. Maybe because I am an old fart that has lived around the world, spent several years at war where folks were trying to kill me and therefore am not really bothered by much as I can't do anything about it anyway. Take care enjoy life here as it might become once again.

Usually, the purpose of a DTA is to avoid having to pay taxes in both countries on the same income - if you pay in one country and the other also takes out taxes, then I think (don't know for sure but at least the US) the paying country will reimburse you on the amount charged by the resident country.

well for sure, the building industry would reap huge profits maybe on all the warehouses to store all the paperwork copies that the Thai govt likes if this comes to pass. My opinion on what I have to provide for something so simple and is already in a computer data base!

Mike sorry, I was mistaken as IRS does not tax SS below 25K single or 32K married unless above those amounts a W4 is filed with the IRS to withhold certain percentages of the SS to be paid. I always though the IRS didn't let anyone get away...you know "...death and taxes"

as for 1, article 20 about ss exempt as for 2, nothing that I saw in the DTA said anything about requirement of resident government for you to file a tax return in Thailand. That is covered by the Thai tax laws so you have to read and understand those and decide whether to get a Tax Number and file a "zero balance" tax return each year.

Mike, I noted your previous note of going to the Revenue Department to settle up your zero balance tax form and how quick and easy it was, but if all the ex-pats that remain went to the RD to do their tax reports whether nil or not, it doesn't seem to me that it will ever be quick and easy again. Just wondering. Have a good day, exercise your fingers regularly or RA might settle in with all the typing.