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Samui Bodoh

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Posts posted by Samui Bodoh

  1. 12 hours ago, khunPer said:

    Thanks for your comment, you are welcome.

     

    In reply to your question about 300,000 baht foreign income for a person younger than 65 years of age:

     

    100,000 baht expenses deduction, calculated as 50% of 300,000 baht income, but not more than 100,000 baht.

    60,000 baht personal deduction.

    -----------

    160,000 baht deductions in total

     

    +300,000 baht income

    –160,000 baht deductions

    ------------

    =140,000 baht taxable income

    –150,000 baht tax free bottom level (0% tax)

    -------------

    = No taxable income

     

     

    In reply to: "In paying taxes on the remittance(s), do you need to file a full tax return (like in your own country) or only declare the remittance(s)?"

     

    Yes, you need to file a tax return, according to Samui Revenue Department's director and the general information from Thailand's Revenue Department.

     

    That is what I mention about in the opening post, it is fairly easy peasy with the online E-filling, if you don't need to pay Thai income tax and don't need deductible income tax from your home country.

     

     

    In reply to: "At any time, did you need to inform Thai Tax Authorities on your financial status in your home country?"

     

    If Thailand has a DTA (Double Taxation Agreement) with one's home country, the two states exchange tax information.

     

    If you wish to deduct already paid income tax from your home country, you need to show proof. In my case I show my annual home country's tax calculations. I also got a general statement from my home country's revenue department, stating that I am fully taxable of retirement pensions to my home country.

     

    If you are living from savings before 1st January 2024, you need to show proof of that. I haven't seen anything official about what "proof" is needed, but I would presume that a full tax-statement per 31st December 2023 including all savings – if one's home country revenue department registers them – would do. I've kept a statement of my savings per that border-date and shows what I transferred of my savings in 2024, as an attachement to my tax report in paper; the latter because I deduct already paid tax from home. In general, I would recommend to keep a statement and notes of, what is transferred of savings, in case some "taxman" at one point would be interested. At present, you don't need to file a tax return when living from savings.

     

    However, my Danish home country is World-record holder for high and strict taxation, so for me, it is not at all unfriendly to keep tax-documentation in order...:thumbsup:

     

    And by the way: A few years ago the Thai "taxman" – in form of two friendly kind ladies – unannounced visited my Samui home. They wished to check if I paid due taxes in my home country. It was by agreement with my home country's revenue department, so they already had some tax information about me. Furthermore they had my Thai tax returns (luckily I had began to file such things). They were also checking all my known country fellowmen on Samui; they actually showed me a list with 20+ names. Danes in other parts on Thailand also mentioned about a visit from Thailand's "taxman". The kind tax-ladies said, that the were doing it by country , beginning with Danes and expats from Finland, as the tax exchange information was so easy to obtain...:whistling:

     

     

    In reply to: "... a bonus question, if you are feeling generous with your time. I have heard the rumours that Thailand will, in the future, require expats to declare their global income to Thai tax authorities."

     

    This was a suggestion from (I think) a politician, hitting the news. So far, it's not in the present political agenda. However, a bit scary for those os us, legally having untaxed home country-income, when we resides abroad. Im my case capital gain, interest and certain feesare not taxed in my home country. So, as long as I keep the money outside Thailand, they are untaxed; and was even savings when they are earned before 2024.

     

    The thing is – which makes the suggestion valid – that many countries tax all income, also foreign income, even it is not transferred to the tax residency country. My home country is one of those that does that.

     

    For some, a change like that would make Thailand questionable as fully tax-resident destination. For some, the taxation change of what savings are, has already made Land-of-Smiles questionable.  It is of course very individual, what the effect will be – in case this scary suggestion becomes real...:crying: – but if you are in the high gain level, you might need to consider other solutions.

     

    But "always look on the bright side of life": I need to make 5 million baht as income in a year to hit the highest income taxation level of 35% in Thailand – in my Danish home country the lowest income tax-rate is 38%...:clap2:

     

     

    Many thanks for your reply, KP!

     

    I pulled the number of 300,000 Baht out of the air, but it actually works well. A remit under that figure, combined with what I still have here already, will allow me to stay under the threshold of paying taxes for tax year 2025 as well. We will see what 2026 brings.

     

    You'd think that after all these years I'd be used to the chicanery of Thai Officialdom, but I still find it aggravating. In most countries tax changes are announced a year or two in advance and with clear guidance, but as always Thailand sets its own course. I have lots of money earned pre-2024, but as money is fungible, how can that be "proven"? Bloody hell.

     

    In terms of needing to file, even when under the threshold, I will quibble a bit with you. I have been in Thailand/Asia long enough to know that even when the Director of the local revenue department and the website say one thing, it doesn't always mean that it is correct. Remember the high police official who went to Walking Street in Pattaya and claimed that there was no prostitution?

     

    I decided not to file for 2024 or 2025 due to lack of clarity, and (sadly) will seek professional assistance in this matter at a later date.

     

    Yes, the future is potentially bleak in terms of taxation; I could live with small taxes on remittances if they don't go overboard, but a rule to declare and pay on global earnings (even with a double taxation treaty) will see me (and I suspect many others) out the door. I understand that this idea comes from Thailand wanting to join the OECD, and have recently read that the government is actually souring on the idea. Here's hoping!

     

    Again, many thanks.

     

    Cheers

    SB

    • Thanks 1
  2. 19 minutes ago, churchill said:

    My account told me if you are not liable to pay tax you do not need to file a return . 

    Thanks Mr C, I have heard the same. And, I am not a Brit.

     

    What I am trying to figure out is how much I can transfer here without causing a tax event (100,000Baht? 200,000Baht? 300,000Baht?).

     

    And, if I do have to pay some tax, what level of information would I need to tell the Thai Tax Man. Quite honestly, I do not want to tell them anything about my financial situation outside of Thailand.

     

    Cheerio

  3. Hi KP et al
     
    Long time, no yap! 
     
    Yes, I stopped posting on the Forum a long while ago, and I doubt that I need to explain why. That said, I do pop in occasionally to the Samui sub-section for local info where I saw this thread.
     
    KP; I know that you do your research, so perhaps you could answer a simple question or two from me; over the years I have developed a great loathing for dealing with official Thailand.
     
    I understand that there is a tax on remittances from outside the country, and although I ain't fond of taxes, I can live with them if they ain't too unreasonable. I had enough money in-country that I did not need to remit anything for the tax year 2024 (and perhaps tax year 2025 as well; I am very frugal), so I chose to wait a year or two to see how this all plays out.
     
    I also understand that the Tax Man generally does not give you a Tax Id Number (TIN) unless you actually are paying taxes, and that is okay with me. Finally, I understand that there are several deductions (age, marriage, etc.) one can make to bring assessable income down to zero, i.e. no taxes paid on remittance(s).
     
    My questions are these;
    • How much could an unmarried man, age 59 (and/or 60), with no work/income or investment in Thailand, remit into the country before it triggered a tax event? For example, if I transferred in 300,000 Baht to cover my costs for 2025, would that trigger a tax event and a need to file? Is there a number?
    • In paying taxes on the remittance(s), do you need to file a full tax return (like in your own country) or only declare the remittance(s)?
    • At any time, did you need to inform Thai Tax Authorities on your financial status in your home country?
    And a bonus question, if you are feeling generous with your time. I have heard the rumours that Thailand will, in the future, require expats to declare their global income to Thai tax authorities. 
    • Did this come up when you were in Nathon?
    • Do you know anything (concrete!) about this?
    It would be with great sadness, but should Thailand demand that we declare global income as expats, I'd likely move on, notwithstanding the double Taxation Treaties.
     
    Many thanks in advance for your answers, and I will NOT hold you accountable for any comments. I will be seeking professional advice at some point, but I am a believer in being prepared before doing so.
     
    Thanks and Cheers
    SB
     
  4. Hi All

     

    I just went to the Mae Nam Health Clinic to ask re: vaccinations. I should note that they have a track record of 'being on the ball'.

     

    The nice ladies there told me that May 26-31 is reserved for Thai people, and that foreigners (Cambodians, Burmese, Vietnamese, Canadians, Europeans, Russians, etc.) are only eligible on June 1st at the University in Chaweng.

     

    I asked them 7-8 times in 9-10 different ways in English and in Thai. I asked them in French and Indonesian, just to see what would happen; all I got was confused looking faces. I wrote out the date and showed it to them. I asked again 8-9 more times in 10-11 different ways and still got the same answer; June 1st at the University in Chaweng for Foreigners.

     

    I know that this contradicts the graphics posted on this thread, but it does correspond with what I was told the day I registered (two weeks ago, or so).

     

    What to say? This is Thailand, so up is down, black is white, left is right, hot is cold, straight is bent, fast is slow, spicy is bland, Thai food is delicious and Thai women are hot.

     

    For what it's worth, I think June 1st is for foreigners at the University in Chaweng.

     

    Maybe.

     

    Perhaps.

     

    Any and all other/further information welcome...

     

    • Thanks 1
  5. Hi @Sheryl

     

    Apologies if this has been asked before, but I can't find a clear, simple answer if it has been; there are (WAAAAAY!) too many Covid threads running.

     

    I am on Koh Samui, and have registered to get the SinoVac vaccine next week (er... maybe; it is the usual mass confusion, but if we can't take a joke, we shouldn't live in Thailand). I am and have been a wee bit leery of taking SinoVac as it doesn't have regulatory approval from respected authorities, but on the other hand, I saw the numbers out of Indonesia and was impressed. The long and short of it is that I will likely take the shot, if possible.

     

    My questions are these;

     

    1. Should I take 2 doses of SinoVac, can I still take shot(s) of Pfizer/Moderna/J&J/Other later for better protection? In other words, can the various vaccines be intermingled for better protection?
    2. SinoVac isn't approved in Canada and/or many other countries. What happens to the "Vaccine Passport" if it only shows SinoVac?

     

    Any thoughts on these two issues?

     

    Many thanks for any comments on these 2 subjects, and for all the wonderful advice and assistance you give on a daily basis.

     

    Cheers

    SB

  6. 31 minutes ago, khunPer said:

    According to local official information (in Thai language, my GF showed me) and Samui Info by Nicha, those under 60 years, i.e. until 59 years of age, are going to be vaccinated from 26th to 31st May, 8 am til 4:30 pm (08:00-16:30). If you have a house book (yellow for foreigners), you are already on the list. It's Sinovac vaccine and 30,000 doses are available. You can go to Samui Hospital (Nathon), Bangkok Hospital, Central Festival or the University...

     

    Kan være et billede af tekst, der siger "SAMUI INFO NICHA Ko Samui Residents Vaccination Schedule Sinovac Covid-19 vaccine for 18-59 years old. 30,000 residents to be vaccinated First Injection: 26-31 May 2021 Second Injection: 23-28 June 2021 អាรកมกាลា At the following locations: .Koh Samui Hospital 2. Bangkok Samui Hospital .International College of Tourism Central Festival Samui COVID-1 10-1 VACCINE Source: Ko Samui Municipality"

     

    This seems to be different information from the 1st June quoted above, or perhaps it continues after May 31 for one more day? Where do you have your information from @Samui Bodoh?

    Hi KP

     

    It looks like (yet another!) T.I.T. moment. 

     

    Bloody Hell.

     

    I got the June 1st date from the nice lady (nurse?) when I registered yesterday (I am under 60), and I quadruple-checked it, up to and including writing it out 2 different ways and showing them to her. Further, there was another under-60 who registered right beside me with another nice lady (nurse?) who also was told June 1st.

     

    I can't explain the disparities between the different sources of information.

     

    Looks like even more fun trying to figure out which is correct. Hmm... if either! cheesy.gif.5d624e2fb36156c11f2ecd09e5dd932b.gifcheesy.gif.5d624e2fb36156c11f2ecd09e5dd932b.gifcheesy.gif.5d624e2fb36156c11f2ecd09e5dd932b.gif

     

    Further proof, if further proof were needed, that you need to have a sense of humour to live here.

     

    Cheers

     

     

    • Like 1
  7. 2 hours ago, Tropicalevo said:

    I have just been informed by a neighbour that foreigners can register to be vaccinated today at Central Festival.

    Just passport number needed.

    Vaccine will be AstraZeneca and administered on 7th June.

     

     

    First of all, many thanks Mr. T! 

     

    I just went down to Chaweng and registered; it took me all of 20 minutes. The registration is taking place in the white, open air building on the lake next to the community exercise equipment and the traffic roundabout. Hmm... it is also right across/directly across the street from the back entrance of TOPS Supermarket. Registration is open today until 4 PM, tomorrow and (I think) until Monday.

     

    The vaccines are AstraZeneca for those over 60 on June 7th and Sinovac for those under 60 on June 1st. The shots will be given at either Central Festival or the University.

     

    If you have a driver's license, bring it. If you have the 'pink ID' card, bring it. Failing that, bring your passport and that is sufficient. Hmmm... also, bring your phone (yes, I am that stupid; I went there without my phone, but everything was fine).

     

    Finally, let me say "Thanks!!!" again to @khunPer and @Tropicalevo for all the posts with all the information. I know that I speak for many when I say that we all appreciate the time and effort you have put in keeping everyone informed.

     

    Keep up the wonderful work!

     

    Cheers

     

    • Thanks 2
  8. 20 hours ago, khunPer said:

    Wow, they let you pay...????

     

    I've been there twice, and was send home in Januar and asked to come back in February; and then in February send back and asked not to come again before April. I'm not sure I dare to show up one more time in the revenue office, full of staff but only me as client, and everybody looks at me like "what is that ???? doing here"...????

     

    Wonder what my fellow countrymen at home would say, if I told them how difficult it is to be allowed to pay tax...????

    Wow!

     

    I think that you have, inadvertently, found the way to solve ALL of Koh Samui's (and Thailand's) economic problems in one fell swoop!

     

    I can see the advertising campaign now... live spots on TV's across the planet... billboards at every major intersection in every major city... Facebook ads ad nauseum... the sides of buses, cars, trucks and all other forms of transportation...

     

    "Come to Koh Samui

     

    We won't even let you pay your taxes"

     

    Major North American cities will empty; European capitals will be deserted; Russian urban areas to become depleted; Chinese megapolises crumble!

     

    The advertising campaign of the millennia!

     

     

     

    ????????????????????????????????????????????????

     

    (Er... sorry)

     

    • Haha 1
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