Presnock

In that case, I apologize as I thought you were ignoring the tax laws.

yes they say as they are not changing the law, only closing a loophole and amending the "existing" law.

well what you and others fail to understand, there are specific Thai laws about taxation of assessable income from Tax Residents including any foreigner who remains in Thailand more than 179 days in a calendar year. The TRD publishes the criteria for obtaining a thai tax id number - #1 for example says if one remits assessable foreign income he must obtain a thai tax id number within 60 days and is required to file tax forms. Just because YOU haven't read the rules, doesn't excuse you from being a tax resident and if you do have assessable income remitted this year, then if you fail to follow the local laws, you could be prosecuted for that failure. The TRD and finance people have mentioned many times that their draft law is to get all tax residents to be part of the base paying taxes be it the negative income scheme, worldwide income taxation scheme or something entirely different. But right now if one has been in Thailand in calendar year 2024, who remitted assessable income, they that person is supposed to get a tax id and file the tax form.

what you fail to understand is the Thai revenue dept definition of a tax resident - more than 179 days in a calendar year. some foreign retirees might not have assessable income that is true but, if they do they will be required to get a tax id number and file a tax form even it means no taxes need to be paid as their amounts are below the necessary amount. Some retirees may be exempted by royal decree or DTA with their home country but if not, then they are required to file. However, this is 2024 and only remitted foreign income that meets the criteria can easily be found and ignorance of the thai tax laws does not stop the trd prosecuting that tax resident.

well, it comes down to facts - if a foreigner stays in Thailand more than 179 days in a calendar year he is a Tax Resident. If that tax resident has assessable income key word of course is assessable, then by law he is supposed to get a Thai tax id from the revenue dept. Then, even if this tax resident doesn't have to pay any tax due to amount below the lowest amount then this person is required by local law to fil a tax form. There are some questions about exemptions by royal decree or DTA's which might mean the tax resident might not really have assessable income but some of these things are questionable. Just by studying the facts in the revenue dept web site (in English if needed) one can see some facts about an expatt and taxes. Ignorance of the law is not a valid excuse from prosecution, even here in LOS. But, I do wish good luck in the thai tax endevors.

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well until the final comes out, lets you know clearly if your pension or income is taxed in your home country, you may not have to pay anything here at all.

whether or not he says it, what is the law about being a Tax Resident? so after 179 days here, you hang around does that mean you can ignore the tax laws of Thailand? if you remitted foreign income during 2024 that wa assessable in Thailand, and you do not get a tax id nor file tax forms, they you are breaking the local laws. I realize too that not all income some of which can be exempted and some protected by local DTA's, are in fact non-assessable so don't have to be reported. Ignorance in many countries of local tax laws can mean one can be arrested, fined, jailed or all three I think but I could be wrong but I definitely learned about my financial status and taxation.

well, they claim this new 15% corporate tax was a new act so had to be printed up but some claim like the 2024 remittance taxes were just an amendment to the interpretation of the old law so didn't actually need a "new" law written. I am not any kind of expert on any of these issues, and even if I was, TIT and just about anything is possible.

by definition, if one lives in Thailand more than 179 days in a calendar year, they are TAX RESIDENTs) and if they have assessble income then must obtain a Tax ID and file...exemptions can probably mean that some income is NOT assessable thus no need for file. Ignorance of local laws at least in my country does not protect one from prosecution and not sure what might happen here. Lots of changes in the tax world not only here but other countries too in order for their govt to obtain more revenue. It might or might not take place here and what it might look like if it ever does get approved might surprise us or not.

WRONG - a foreigner working in Thailand has to pay (normally taken out of paycheck I think) Thai taxes, in addition, there are articles on the web that advises one who stays in Thailand over 179 days and becomes a "tax resident" must be aware of any assessable foreign income remitted to Thailand in 2024 (BTW if in overseas savings prior to 1 Jan 2024 then not assessable) plenty of forum one comments about owing taxes or not recognizing it or not but it is a fact. One needs to be aware if one is a Tax Resident and remits money in 2024 to Thailand.

all should remember this is an opinion forum - yet too many contnue to think they are advising based on facts when in reality, none knows yet what any new TAX act if ever is even approved and written up in the GAZETTE and who knows when that might happen if ever.

Yeah, I think that too many officials here or writers of articles don't fully understand what ALL means instead of "all tax residents with assessable income" whether one gets a refund or not or probably many will not even have to pay any tax on their assessable income

that was in a Thai Examiner article quoting the trd official and specifically mentins expats and foreign tax residents! advises foreign tax residents to file by 31st March deadline. Link is inclued in another claim that expats or foreigners are never mentioned when in fact they are. I realize this is an opinion forum but when one states facts that are incorrect we need to advise them.

https://www.thaiexaminer.com/thai-news-foreigners/2025/01/03/revenue-department-boss-calls-om-tax-residents-in-thailand-to-file-2024-runs-by-the march-31st-deadline yes it is about filing this year but refers to the plans to tax ALL tax resident foreigners and add them to the thai tax programs

earlier thsi month, an officIAL of the trd or finance ministry said all folks need to file income taxes he specifically mentioned expats and foreign tax residents will need to file for taxes

Your remitted foreign income is exempt by royal decree -can check that out in the TRD English pages if you are not sure. I am sure though.

The lower tax rate is if you are an LTR holder working in and earnng money in Thailand You would be working with a work permit of course but limited on amount of tax taken out. The others LTR folks we are exempt from being taxed on any foreiign income earned/remitted into Thailand. can easily check by going to BOI LTR benefits and all are spelled out clearly.

I completely agree with your assessement of the lack of any need to get a tax ID here or to file a tax form. I will not have any SS but my civil service pension by the DTA can only be taxed by the US govt. Also have an LTR so exemt there too.

Did you notice that there is a news item that Spain is taxing homes bought by foreigners at 100% of the value! I note too some of the golden passport countries have cancelled their offers. Seems more and more countries are going with new tax rules due to the OECD agreement.

well, not planning on linking any of them but many of the articles quoting the Finance folks and the TRD folks have mentioned having expate and foreigners included in the filing for taxes. Too many articles but remember clearly.

Oky okay, you could probably join the Philippine forum and they too exchange a lot of useful info for folks contemplating change of locations. As of now I am completely protected from Thai taxes so don't plan on any changes yet. Bur, good luck to all...maybe someday the TRD will provide us with some answers and understandable tax forms.

well, I thought it iwas different so googled the PI and retirement funds - they do exempt basic retirement funds - look it up. I note on their forum that for the most part retirees don't pay taxes there.

well, if the TRD can't ome up with forms in some readable languages for expats, then I really fail to understand why the govt is so insistent about expats filing. Here we have been informed over a year ago, so why have forms in relevent languages not available for the expats? There is no excuse in my opinion anyway unless, they plan to do as the pI, not require retirees to file tax forms nor taxes at all on their retirement. Good luck on filing as I am not planning to do any filing this year for sure.

But there was a bit on the fact that they thought that the 80K minimum for 2 years for the wealthy pensioner might be altered too Maybe sometime in the 9+ years I have left on the LTR, the govt will advise us on all that is happening. My only guess based on what I have seen since late December is that some parliament of cabinet members might still not agree to all the changes under the worldwide income taxation scheme which the finance leaders said that the govt wanted it approved by 1 Jan 2025 or they might not be able to implement it until 2026. Who know what evil lurks in hearts of the TRD?