Presnock

33 minutes ago, OzzBlizz said:

It was stated from the Thai Embassy years ago. Google it if you can tear yourself from your dull useless existence on here. 

read the DTA with other countries - USA says it, artilcle 20 and 21 pretty clear.

4 hours ago, jerrymahoney said:

For 10+ years I received an affidavit from the US Embassy for 65K+ income either at the embassy in Bangkok or on counselor outreach. And for all those years I then received the one-year extension with me physically present in the Immigration office.

 

Neither the US Embassy counselor officials nor any IMM officer in 2 different locations ever suggested there was any Thailand tax obligations related to my stated or proved foreign-sourced income.

I too though for more than twice that period of time filed for my extensions with some years well over a million baht in pension funds notarized by the Embassy and included a copy of the OPM (govt office responsible for sending govt pension funds) and never once was anything ever mentioned about taxation in Thailand.  From reading the DTA between the US and Thailand, these funds can only be taxed by the paying country unless the receiver is also a Thai national and resident.   I note other folks from different countries also have govt pensions which may not be taxable by the

Thais unless the DTA's are re-written and approved.  From users of this forum I see that many other ASEAN countries are also changing  their

tax policies and some are ignoring foreign pensions for taxes.  BUT, until we see the final approved law we should just about totally ignore all our

comments as we are just guessing what MIGHT be or not be.  HAPPY NEW YEAR

On 1/1/2024 at 10:43 AM, brianthainess said:

 

So who is Right??? I think EVENKEEL  as the OP did state one year in advance.

once the 12 deposits of at least 65K are done monthly, upon next extension can convert to monthly only and then 800K can be removed.

On 12/29/2023 at 12:07 PM, quake said:

I'm sure  the RD will keep us all informed,  come 1st of Jan 2024. 

 

 

On 12/28/2023 at 5:13 PM, JimGant said:

 Not up to Thailand for this determination. If Thailand has "exclusive" taxation rights per the DTA on certain incomes, like private pensions and IRAs (which "only may be taxed in the country of residence"), then they get to keep all the taxes they collect under their tax rules. Only the US, in this example, determines whether or not to allow a tax credit in order to eliminate double taxation; but of course the US only realizes any taxes collected, if the US tax bill exceeds the allowed credits. And the only reason the US can tax this income, which is the exclusive taxation right of Thailand, is because of the saving clause, which says, the US may tax all incomes as if the DTA didn't exist -- with a few exceptions, like alimony and child support.

 

But, the DTA is not the sole reason double taxation is avoided -- the US Revenue Code has always allowed tax credits to avoid double taxation; but, it's only for foreign taxes on foreign income -- not foreign taxes on US income subject to Thai taxes. But, because of the DTA, the Revenue Code can be trumped, to allow credits for Thai taxes on US income. The kicker here is that a Form 8833 needs to submitted with your US tax filing, explaining how the DTA overrides the Code.

 

Hey, I'm not making this sh**** up.

 

 

 

according to the DTA US citizens getting a us govt funded pension and social security CAN ONLY BE TAXED by the payiing govt unless the person receiving the pension and/or social security is also a native Thai resident but eligible for the US govt pension and social security.  Articles 20 and 21 of the DTA apply

On 12/30/2023 at 10:41 AM, bugger bognor said:

You. Are delusional that would require new laws to be made unenforceable and would be frowned upon globally! Thailand would be a laughing stock and pray tell me any countries in th world that taxes money at source 

US taxes US govt pensions and social security at source only according to the DTA

2 hours ago, jerrymahoney said:

Ok. No big deal. And as we say now in 20% of the US population: Feliz año nuevo

after a record month of immigration from south of the border, probably a lot more than 20%...just saying

On 12/18/2023 at 8:51 PM, whiteman said:

Just asking I get paid a tax-free pension in New Zealand from a defined benefit plan that I had for over 30 years with AXA. When I first started to pay into it the product said all pensions will in the end be paid to the member Tax free. So I am wondering did Axa pay the tax on the accumulating returns over the 30 years that it earned on my contributions? If so do I pay tax on any money I bring in from the proceeds of this pension?

blv you should check the DTA between NZ and Thailand.  Some pensions from govt funds are exept in many of the DTA's.

7 hours ago, Thingamabob said:

Thanks for the info. My question, is this easier than turning up in person ? Just did my 1 year extension of my retirement visa at CW. In at 0830 out at 1030 with no hassle. 

 

well for the online immigration says 15 minutes only to get pp stamped versus 2 hours.

I heard one yesterday say he had done it - took 15 minutes only at CW.  I went online to the immigration website and yessir there it is!  Seems

they did the meeting of OI's in OCt 2022 and then rolled it out I guess experimentally with the first 300 to apply.  Check out their website for all

the info...basically gather all your Register for online, gather all your paperwork, forward it to your IO, they will review and if correct then will advise

you of that, then you make an appointment with the IO within 2 weeks I think 500 baht, within 1 week 1500 baht and next day ? but possible .

seems almost too good to be true and maybe will cut out agents? who knows but definitely a positive move.  

2 hours ago, brianthainess said:

Many years to late, IF Implemented and why only Phuket?

Just proves that immigration offices can make up they own rules. 

43 minutes ago, mokwit said:

Basically those perceived as useful to Thailand.

I read tha

44 minutes ago, mokwit said:

Basically those perceived as useful to Thailand.

Seems it might be available in BKK and CM too, possibly retirement too, checking now

Does anyone know if the Thai immigration has already made the possiblity ot online visa extensions (mentions just about all types) including retirement,being a member in a family with Thai nationals, i.e.wife/kids

and possibly in BKK, CM and PK.  Has anyone else seen anything on this?  Just wondering but it would be a lot easier.

7 hours ago, Bangkok Barry said:

 

The boat actually had life jackets?!! Or was it Bring Your Own 

well the picture showed them floating with jackets on...couldn't understand why they waited to the point that they had to cut open the fabric boat

cover to get off the chairs and jump into the sea.  Scary to say the least...One boat was mentioned by the tourists as "hit by a wave and broke the

boat into two pieces" 

21 minutes ago, Mike Lister said:

Not in my neighbourhood it isn't, nor in the places I visit in Thailand.

new govt is seeking money in any way possible mostly do to the populist promises they promised prior to the election.  Unless the 40 million tourists return next year the economy may  shrink even more as the economies around the world seem to be shrinking after the pandemic overspending.  But

better here than in many other places in my opinion.

1 hour ago, OneMoreFarang said:

The USA, some people call it the richest nation on earth, was always special.

The super rich get tax cuts, and the poor have to suffer. And this is what the American voters vote for. Amazing! 

well now with Biden, open borders, the illegals (est 12 million) get a lot free bennies and can hang around in the US until the court can hear their 

asylum case which might take several years with the backlog.  This means, that the states/cities controlled by the democrats have to raise the taxes to their citizens to pay for the care of these immigrants and many of these states are already have shrinking citizens as they are moving to states with lower taxes.  Politicians in the US are like many around the world - corrupt - can't even pass an anti-corruption bill.  Supreme Court set up their own ethics rules which they disobey anyway as the public started screaming at their antics.  Too much polarization now with extremes on both sides and none seem to be happy but do resort to violence more and more.  Better to stay in Thailand than go back to that.  My opinion anyway

5 hours ago, Tropicalevo said:

What about the religion of money?

Lots of people worship it.

I think the operative word is   GREED!  power and/money - same around the world that I have seen.  

39 minutes ago, sidjameson said:

Nice data. Where did you find it? And where's the best places, air quality wise?

accuweather and any city, thailand will give you the weather and air quality

also airquality and area? or from lazada or shoppee can buy very cheaply a 2.5micron meter, very small and can even carry it in your pocket and can measure anytime.

1 hour ago, rwill said:

They haven't extended the lines to Ratchaburi yet.

Well the operative word there is "yet".  I was totally surprised when I came back to BKK and the ease with which we can get around the city

now.  The way things are going, maybe progress will more the trains everywhere unless of course the city is under water by then.  Yeah, if

I lived in Ratchaburi, I would have  vehicular transportation.  I really like the several visits we made to Ratchaburi, some nice areas there,

especially near the Myanmar border.  The night skies when we stayed overnights were spectacular too.  Happy Holiday Season

2 hours ago, rwill said:

My wife is from Bang Khen.  She says she likes Bangkok.  Sometimes talks about how she would like to live there.  But I think she remembers Bangkok of 50 years ago.

 

Bangkok is good for shopping but the traffic kills it for me.

with the trains/metro going just about everywhere, why drive?  I moved to CM to get out of traffic 10 years ago, then daughter began college in BKK and wife and I wanted to be closer to her if there were any immediate problems so we kept our house in CM and rent a house in BKK.  Now with the trains etc, there is no reason to drive at all in BKK and now be able to go anywhere in a very comparatively shorter time.  But, I still like CM better but recognize all the available conveniences now in BKK.