
jwest10
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Who knows and to be frank even the Revenue Department or anyone knows how things will pan out but it has been advised to wait until Jan 25 and I believe all the forms 90 and 91 will be updated later on in the latter months of 2024 One thing noticed on Form 91 and on system 2008 that is states Personal Income Tax from Employment only but of course noticed the personal allowances of 100 and 190k allowances but nowhere the first 150K income tax exempt Yes, we await and think we have to and thanks everyone for the wonderful input and of course massive thanks to Mike Lister. Just today I was asking my Thai friends who know people in the Revenue and they are still unaware of this ex-pat income tax situation!!! Also and not sure one can use the Thai ID number on the card but the forms will be updated later on in the year.
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sometimewoodworker Thanks for this and yes my understanding through the various tax experts and accounting firms have differing opinions and yes many will be under the persona allowance allowed and some are listed in Sherings like the over 65 (OAE) 190k and the 120 or 200 personal alliances in the Thai forms. Nany have told us that there will be updates and also a from for personal tax allowances later on this year?
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Mike hang fire for the moment and no one knows what is what and doubt the Revenue tax people do either and 61 DTA's Yes and again yesterday our Thai friends do file a tax form but they are of the same opinion about the personal allowances and no form but believe there is somewhere . Think and sure Sherings mentioned the over 65 (OAE) allowance of 190k and yes seen the 120k and 200k allowance on the Thai tax form We await clarification as stated and until an official decision is made we can not do much.
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Precisely and have been in contact with my local tax ofiice and do not know what forms are involved and advised not to do anything but forms updated later on in the year and there is supposed to be a personal allpwances form but again my local tax office do not know what forms and just hang fire as no income tax is due.
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Indeed but my question is on the personal allowances and not listed anywhere but the accountants for example the OAE Age over 65 Exemption and is there a form for this and can only see the 60l and 120K on the Thai forms and written in Thai? We have been advised to wait until later on in the year and my local tax office do not know about this income tax issue, let alone the forms and stated not do anything but led to believe by some Thai friends more updated forms available later on in the year but who knows and doubt the Tax offices do
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Oh seems no one knows for sure and most of all the tax experts who are having differing opinions and the Revenue at the Department of Taxation do not even know hat forms are what. BTW not in any way having a go at you Mike and you know this. We await for later developments later on in the year as suggested by many.
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Just as a matter of interest and have asked people who know people in the local tax office last week who have not yet heard about this DTA or any forms relating to the personal allowances one can use. But they did say that one can file a tax form or at least the Thais can from 1st Jan 2025 to 31st March 2025 but did state please wait until much further in 2024 for updates. There are forms Pnd 94 and 91 forms and have looked these up myself and at the top state 90 ut nothing is clear. It was also stipulated not to fo anything until much later in 2024. Myself, that is what I intend to do. Anyway thanks again to Mike Lister in particular and there are a few others but interesting the YouTube channel stated we had over 2k posts six nonths ago and are expecting more again and yes Mike mentioned the part 1 and 2 on this site. Yes clarifying and I do not work or have a salary in Thailand but these are the personal allowances one can offset on the income tax. 1/ 1st Assessable income 150k Baht 2/ Personal Allowance 60k 3. P A for wife 60k who does not work 4/ Over age Exem (OAE) 190k 5/ 50% of Pension income 100K No where can I find a form for this though the 60k and 120K has and think the 100k on the tax forms mentioned above. Please take a look and see if I am missing anything and as I stated earlier what was stated via the Tax office.
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I have tried to look both these sites up and frankly, it is very confusing and one has to register but that is probably the easy part but the form are very very complicated and in tThai. We will await further clarification later on in the year but nowhere on any form does it list the personal allowances we can get to reduce out tax and in many cases the 500k plus allowances covers our total income and would think most people in this category. Yes we wait but do not hold your breath for too long but too much ifs and buts and even the so-called experts saying completely different view points
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Hi Mike Just me again. Sort if seeing these forms pnd 94 which then goes to form 90 and in any case looked at some other forms only include 2023. There is supposed to be an income Exemption form but can only see the 120k or 200k one. These will and will being revamped and where does it state 50% of pension Income100k and the OAE over age 65 190k. Yes hold fire as you say and you would have seen Chris/Luca on this subject on YouTube but he does not raise the question of this at all and have posted this. Quick one Mike I saw about joint filing and see the joint filing attached form in red but noticed 65 so I can not claim for my wife unless this is going to be changed. As you say, Mike just hang fire. Cheers mate and I realized it is Saturday but all days roll into one here. Of course, asking for which not got as yet Let us hope the new revamped is in a much better format. Yes not mentioned to my wife but the daughter-in-law saw me as they came in and asked what is that and can not explain myself and was shielding this from them as very hard to explain and I do not lol Oh just saw the last 2 posts and as and when can use my Thai ID card and interesting.
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Thailand to tax residents’ foreign income irrespective of remittance
jwest10 replied to snoop1130's topic in Thailand News
Many are not taxed and other pensions do not add up to the just over 12.5k pounds approx personal allowance but folks do not forget that one can get 560K Baht on personal allowances and the forms are not out for 2024 yet and yes Mike is right we sit tight and the only one seen is the 120 or 200k but not seen any form with the allowances listed. -
Thailand to tax residents’ foreign income irrespective of remittance
jwest10 replied to snoop1130's topic in Thailand News
Yes, lawyers everywhere are like the banks and other financial institutions and with all politicians one can not trust any of them and often fight each others -
So from now on from 28th June, we are classed as a resident of Thailand. Income tax returns have to be completed from Jan 1st, 2025 until 31st March 2025. I have asked several people and friends who are Thais who knows people in the local tax office and have not heard of this issueas of yet and I think that it is not on the Stature Book. The forms were only in Thai but led to believe that there is an English version of it and if so can anyone give me and us a link please. However, yes indeed many months to go and advised to just sti back and believe the forms might be revamped in some ways. I know there is a long thread but again many people and the tax experts stating just hang fire for now. Thanks all John West
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Mike thanks again just a minute or so ago got an email from Carl Turner the expat tax expert stating if you are still in Thailand then you are past the 180 days and now a tax resident and he is suggesting that if one as an individual has 120K Baht income or 200k joint ie wife then you must submit a tax return and assume locally. Ok so far but it is not on the Statue Book as yet, unless I have missed it but yes asked a Thai friend about this issue and they have not heard of it and the forms are not in English. So what do we do to await the English version? My wife does not and has not filed ever a tax return and does not work full stop so she has to file a return? Think sort of saw the Thai version and I not sure where but sure on this site but what to do now and act in Dec/Jan Thank Mike and all John West
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Hi Everyone Many thanks in particular to Mike Lister and there are others and not replying to any particular post. Yes, we have friends who know someone who works in the local tax office and they know nothing about this prospective income tax situation and yes it is not surprising as I stress it still has to hit the Statute Book as yet. There were a few postings and the forms in Thai but it has not been converted to an English edition as yet I fully understand the allowances under the tax system and the only query is the 60k allowance for my wife who does not work (she does not need to register then but I can claim her 60k right?) Also, have my state pension paid directly to my Thai account but I have ordinary savings in my account in the UK which has gone down substantially, and use Wise to transfer but for living expenses and there are some other small pension monies but some ordinary savings. Could this be taxed as I have stated nothing as yet on the Statute Book and my guess well into the end of the year if not later? Just in passing and I know different departments and again we are not sure if these would work together but cut to the chase and went in to do my 90-day reporting and thought that they might ask me about this income tax issue but no nothing and in and out in literally 2 minutes. One final point is that on my Internet banking just recently noticed an HM Tax office option in red. Just trying to help out and to give information again many thanks Mike Lister and others. I also have kept in touch with a tax advisor for ex-pats with the video recently made and told me would keep posted but seemed to think much later on in the year if at all!!! Just sharing my recent experiences and hope helpfull. Sincerely John West TC all