Shoeless Joe

9 minutes ago, StayinThailand2much said:

 

Great report, Joe. Did you, by any chance, ask the RD whether they expect you to lodge a tax return after the end of this year?

Thanks. Regretfully I didn't ask. As soon as they confirmed I had no liability I was out of there!

Joe

1 hour ago, The Cyclist said:

 

Here is the idiots guide for foreigners

 

https://iao.bangkok.go.th/storage/files/Personal Income Tax.pdf

 

I cannot cut and paste from the document, but the opening paragraph says

 

" In general, a person liable for PIT, has to compute his tax liability,  file a tax return and pay tax, if any, accordingly on a calender year basis "

 

So the question I have asked repeatedly, If you only remit income that can only be taxed in Country X, Y or Z, as expressed in a DTA, and therefore have no liability for PIT, do you still need to file an annual tax return ?
 

Pay a tax expert isn't an answer, although I will concede it is a possible solution

Hmm...if your computations lead you to believe you have NO liability for PIT why would you think you need to file a tax return?

Of course, you could visit your local RD office and ask them.

1 hour ago, The Cyclist said:

I will also repost this from @Shoeless Joe, posted on the other thread.

 

 

However, it does not answer the question as to whether a ' Nil ' tax return has to be filed.

Well then, why don't YOU ask your local revenue office?

16 minutes ago, MartinL said:

 

From my own (amateur) current understanding of the UK/Thai DTA:-

NHS pension is a 'Government Pension' and is assessable but not taxable by Thailand RD.

State Pension and 'other pension' are both assessable and taxable.

 

You can therefore remit all of your NHS pension free of Thai income tax.

The other two amount to about £466 pm = 20,255 ฿ pm = 243,000 ฿ pa based on 43.50 ฿/£.

You can claim allowances/deductions of (60+190+100) k฿ pa plus 150 k฿ zero-rated for total allowances/deductions of 500 k฿. Details of these appear all over these threads so you've probably seen them.

Your assessable and taxable pensions are below 500 k฿ in total so your Thai income tax liability is ZERO. 

There are additional allowances/deductions for non-working spouse, health insurance, children and others but, since your tax liability is ZERO, these shouldn't concern you.

Thank you for your reply which is very helpful and much appreciated.

Joe

My increasing ignorance regarding this subject is frightening. THANK YOU TO EVERYONE (especially MIKE LISTER) for trying to educate me and others like me.

I have to renew my retirement visa (Non Imm O with Thai wife) in March. A couple of qustions:

1) Do I have to take a completed PIT form with me to immigration when I renew my visa?

2) My income is derived from pensions -

State Pension (formerly the Old Age Pension) = £456.12 per month

NHS work pension = £1918.89 per month

I also get a pension of £9.50 per month

They are all taxed at source and paid into my UK bank account and I transfer circa 100,000 baht per month into my Thai bank account. Does anyone have any idea what my Thai tax liability might be or should I find the local RD office and leave it to them?

Thank you.

Joe

40 minutes ago, Chris Daley said:

It's always a joy to see these freaks crushed.  Being a <deleted> in private was fine but now they are in 4k.

Maybe it's me, but can you explain, because your response makes no sense? What freaks? How are they crushed? What are they "<deleted> in private"?

Thanks

Joe

5 hours ago, jippytum said:

The farce continues. I hope the Thai voters will remember the lies and deceit following Thaksin's escape from justice. Don't forget Sister Yingluck will occupy the VIP room when Thaksin vacates

   ***TUNNEL VISION ALERT***

Amazingly you seem happy to forget the illegality of the manouvering of the military to gain power, the sham election(s) to retain power, the wheeling and dealing to subvert the Thai people's wishes to put in place this faux government.

Get a grip!

Joe

Jeez, 25 pages of hot air and speculation when nobody knows what's going to happen. Excellent opportunity for faux accountants and conspiracy theorists to set the hares running.

Joe

2 minutes ago, Shwaman said:

You're spot on Joe. Glad to have entertained you. First time at bat. Hopefully the last. 555.

You know it...lol

1 hour ago, Mike Lister said:

Some of you guys seem to think the native population comprises 50 really rich people and 79 million poor people, it's far too funny for words sometimes. Anecdotally:

 

My physiotherapist just returned from her second holiday in Korea; a Thai neighbour retired, takes his family to Japan skiing every year; my doctor just earned 50k Baht for performing 4 hours of surgery on me  month ago, she does this 300 times a year; an old friend in Phuket bought a new merc this year, she runs her own construction company; another female friend is a hotel manager, she took her family to London in the summer; another friend runs a coffee shop/restaurant, she and her husband holiday overseas every year.....these just off the top of my head, none are rich, they are all middle class Thai's, there are millions of them.

Thank you for your informed reply. 

Where does the government think that the money will come from for Thais to pay for holidays? The minimum wage doesn't leave a lot of wiggle room for family cross-country trips. Can those Thais eligible for the promised 10,000 baht handout from the government spend it on travel / holidays? 

Joe

What I don"t really understand is why so many contributors to AN are so outraged that they feel the need to express their vitriolic opinions as if they are personally affected by what's happening. I mean, it's not as if there haven't been numerous examples of similar behaviour towards miscreants by previous administrations that received little or no publicity. 

Joe.

4 hours ago, Thingamabob said:

Killing and eating animals is disgusting.

As is endlessly mentioning it....

13 hours ago, Shoeless Joe said:

For me, I've transferred around 1 million baht in pensions from my bank every month for about 12 years and live quite comfortably.

For clarity: I transfer circa 90,000 baht each month. approximately 1 million baht per year. Thank you for pointing it out.
Joe

12 hours ago, The Cyclist said:

 

Are you confusing a State Pension with a Government Pension ?

 

My Government Pension increases by CPI every year, regardless of where I am in the World.

Yes, my apologies. I do mean the state pension (what used to be the Old Age Pension). Thanks.

12 hours ago, jayboy said:

1 million baht per month in pensions.That's amazing - you are very fortunate. That"s about £ 22,000 pm or £ 264000 pa, say £ 343,000 gross before UK tax.

Thank you. My sincere apologies. I should have said my pensions amount to 1 million baht per year, paid monthly at circa 90,000 baht per month.

So, does everything become clear on the 1st of January 2024?

There's been such a lot of hype and  conjecture by AN contributors with what seems to be the minimum of available information. For me, I've transferred around 1 million baht in pensions from my bank every month for about 12 years and live quite comfortably. It's taxed at source in the UK. I have no idea if the Thai RD is planning to tax me again or not but I do know however, that any reduction in my income will make me consider seriously about whether I can (or want to) continue living here where I support my wife and her daughter (who is at Uni) and her mother. I could return to the UK and have my goverment pension adjusted upwards by around another £200 per month as for the last 12 years it's held steady at £456 per month. But I like living here with my wife and family so would rather not. Is it really likely that the RD might be targetting me and others like me?