Presnock

That shourld readl article 20 of the DTA for US SS.

Mike is correct...US SS is taxable only by the US govt article 210 of the DTA with Thailand and US GOVT pensions taxable only by the US govt unless the receipient is also a receiver of such pension but is also a Thai citizen. this under article 21 of the DTA with Thailand.

Yeah, I apologize, in my zeal to find exemptions, I skipped right over the LTR that includes several types of "wealthy" pensioners. I hope that everyone understands that we (inclusive) sometimes jump to false beliefs as we read too many different sides to this activity. I note that the translations of the Thai tax laws are done mostly by agents/agencies that cater to doing taxes for foreigners and unless they are talking to a specific foreigner from a particular country with or without a DTA, they don't include all the details. AS mentioned by me and others, please read your own DTA to see what might or might not be included in exemptions. Even then, TIT and we don't yet know what the final program will look like.

some of the translated Thai tax law are done by these tax agents/agencies. Since DTA's may be different by country , the agents/agencies are probably waiting for the Thai govt to make the final restrictions. At least one of the ex-pat news casts about the program indicated that not all Thai officials agreed with the program and that the committee working on the program were meeting regularlly.

THE US DTA with Thailand is clear on US SS and USgovt pensions- articles 20 and 21 of the DTA. These monies as far as I know are taxed only by the US govt if at all. I am not sure about the level on SS funds if any so I am not definite there.

Since we all have our own opinions of what is going to happen in this taxation program, I blv that the Thai govt will not tax pensions but will require the ex-pat pensioner to show the source of the pension and taxes paid to the paying govt. I also think that with so many different DTA's, the ex-pat will be responsible for providing the Thai govt, possibly during long-term stay renewals, proof of either taxes already paid on income or reason for exemption. This is similar to what US ex-pats are required to do as far as paying our required taxes each year via the IRS form 1040 for any income received for that year. We also receive via the office paying us our govt pension a monthly readout of annuity payment and taxes paid plus we get a W2 indicating how much we did receive for the year and how much taxes were deducted and we should be able to provide a copy to whichever local office will need proof of source and if taxes were deducted. Since there are so many different brands of ex-pats here, immigration yearly renewal seeems almost too logical to ignore for providing proof of a Thai tax number and source of income but...TIT. Many translations of the Thai tax laws are for individual legal offices and they cater to ex-pats so they may or may not be providing complete information in my opinion. Anyway, hope everyone has a healthy and happy 2024th. Seems like some folks here are getting to be like facebook...had to drop off that as some really thin skin folks there for very small reasons while the really bad ones can do or say anything.

if you ar a wealthy pensioner, globally rich, at least 40k pension and willing to invest in Thai bonds or whatever, then obtain a long term visa and they indicate tax free in Thailand, there are other benefits too...just search "Thai immigration LTR" . As for USA pensioners, the DTA says that US govt pensions can be taxed only in the paying country unless the pensioner is also a Thai native and resident in Thailand. (this is according to article 21 of the DTA...just search DTA between USA and Thailand.

Since they are a sovereign government, they could withdraw or re-negotiate, just as the US could.

My sources of Taxation and exemptions can be found in the following links: "DTA between USA and Thailand" for US citazens, check out articles 20 and 21 for exemptions on govt pensions/social security) "Thai taxes" (with choices of many different translations) containing exactly what it says (some have table of contents to help you decide which you want to read)

DTA if you don't understand that, fully written as a source "DTA equals Double Taxation Agreement between (in my case) USA and Thailand, but if from a different country then DTA between your country (61 choices) and Thailand. These are Thai government documents with translations in other languages too at least ENGLISH.

I blv taxes need to be paid for 2024 in January 2025 but can check out the tax laws of thailand

I cannot understand why so many people continue to make statements not supported by actual documentation. Read the DTA with the US and your country if other than US and read the Thai tax documented, translated into English too. "wealthy" pensioners are mentioned in 3 separate definitions, LTR holders, 80K per year and 40K per year. LTR are separated.

social security in the US maxes out at less than 40K per year but article 20 of the DTA says that SS can only be taxed by the US. I do blv other countries mention their pensions too but I haven't bothered to read any of those, only seen notes from ex-pats from other countries.

in the documentation, wealthy pensioners include the LTR holders, and 80K pensioners, if less than 80K but at leasrt 40K they are considered wealthy pensioners too but must buy govt bonds or something to that effect. It is in the documentation of Thai taxes.

DID it 2 months ago, returned in less than a month. no problems doing exactly as stated plus if you make an error a computer reply will correct you

I have read a lot of Thai (translated) by some legal folks too, that according to the new tax laws, there can be exemptions on certain pensions (in one it says special pensions) and even in other google available translations. There is even an exemption for "wealthy retiree's pension" and the wealthy retiree is defined as one receiving a pension of over 80K USD per year. Also, there are provisions that state that the DTA has priority if the pension is taxed prior by the paying country. By reading one's country's DTA with Thailand (also can easily be googled) one should be able to understand if their pension or other funds are exempt or not. All should be available on google in different languages even. Hopefully we will receive "official" notification of exactly what we can expect to do this year though nothing needs to be paid until we reside over 180 daysin Thailand this year, but it would be nice to be able to make any necessary plans prior to then.

well, Trump says (and many folks seem to blv all he says), that if anyone answers a legal case question that he claims the 5th amendment allows him to ignore the question...funny though in a recent trial he claimed the 5th amendment several hundred times...what is he hiding?

for those who doubt about their own funds, read your country's DTA with Thailand. Just google it and read the version in your language so that you can understand it. Seems pretty clear to me.

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

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

actually to find out any information just read one page...on that page you will notice it does not give any definitive answers as to what the Thai govt is going to officially do... all the other 199 pages just keep guessing or asking the impossible questions to date and repeating over and over and over and over

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.

Amazing 555! Having read posts about this same taxation of all remittances by other ASEAN countries, those that printed their note indicate that those reporting will not tax pensions of ex-pats. Thailand of course, based on those that have actually sat in some of the officials meeting on the program indicate that not all Thai officials agree with the new interpretation. No reasons have been forthcoming either, just like nothing new whatsoever from the Thai government tax department. But, I agree that no monies should be taxed yet as it will only apply IF one is here more than 179 days in 2024 as that is the beginning of this new interpretation of an old tax law. To see 192 pages of the same thing every day indicating that we know no more than we did in September when it was announced. There have been seminars and meetings regularly but still no more info is available than before. Yes, some of us have read the DTA between our country and Thailand so we have an idea of should or should not be the final word. Hopefully, the tax officials are aware of the 192 pages too and will put out at least some update on their thinking. If they want more foreigners to come here, buy condos, etc then they should put something out soon as I think folks will pass on this country to spend their money. Just saying...been here in total over 30 years and while some things have change physically/sceneric, thinking doesn't seem to be progressing much. My opinion anyway. HAPPY NEW YEAR to all!

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