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jwest10

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Everything posted by jwest10

  1. Not available in Thailand and just enquiring and thanks
  2. Really you know and maybe this year but with respect how many have known someone to be fined 3K for not filing and just asking?
  3. Not sure as there are codes and yes might ne from abroad but they would not know?
  4. I know you not a vank but can not get hold of then scb code x1 what does that mean on a transaction The SCB code "X1" on a transaction typically indicates a banking transfer that does not use a Transfer Deposit or Withdrawal Nobook. It doesn't necessarily mean it was an overseas transfer. If you need more specific details about the transaction, it might be best to contact your bank directly. Is there anything else I can help you with? bank It sounds like you're looking for information about banks. Whether you need help understanding a transaction, finding the best bank for your needs, or learning about banking services, I'm here to assist. What specific information are you looking for? yes a code x1 on scb bank in Thailand The code "X1" on a transaction with Siam Commercial Bank (SCB) in Thailand typically indicates a banking transfer that does not use a Transfer Deposit or Withdrawal Nobook. It doesn't necessarily mean it was an overseas transfer. If you need more specific details about the transaction, it might be best to contact SCB directly. Is there anything else I can assist you with? thanks You're welcome! If you have any other questions or need further assistance, feel free to ask. I'm here to help! DTA agreements thailand and UK state pension is exempt and not talking of civil serice pension and no difference The Double Taxation Agreement (DTA) between Thailand and the UK provides guidelines on how pensions are taxed to avoid double taxation. Here's a brief overview: UK State Pension: Generally, the UK State Pension is not considered a government pension and is usually covered under the Pensions Article of the DTA. This means it is typically only taxable in the country of the recipient's residence, which would be Thailand if you are a tax resident there2. Remittance Basis: Thailand operates on a remittance basis for foreign income. This means that foreign-sourced income, including pensions, is only taxable in Thailand if it is brought into the country during the year it is earned3. Tax Credits: The DTA allows for tax credits to be claimed for taxes paid in the UK on pensions. However, pensions remitted to Thailand are still considered taxable in Thailand, subject to these tax credits. If you have specific questions about your situation, it might be best to consult with a tax professional who can provide advice tailored to your circumstances. Is there anything else you'd like to know? Even id DWP credit ones Thai bank account each month and an x1 code whatever that means If the UK Department for Work and Pensions (DWP) credits your Thai bank account directly each month, it simplifies things for you. The "X1" code on your Siam Commercial Bank (SCB) transaction typically indicates a banking transfer that does not use a Transfer Deposit or Withdrawal Nobook. This code does not necessarily mean it was an overseas transfer. In terms of taxation, if your UK State Pension is paid directly into your Thai bank account, it is generally considered non-assessable income in Thailand and does not need to be declared on your Thai income tax form. This is because it is considered a "frozen" pension and is not accessible income in Thailand. If you have any more questions or need further assistance, feel free to ask!
  5. Yesm nearing 4K posts and it is a shambles. Many hanging fire.
  6. Yes, been on the various sites and so many conflicting views and was asked that at my local Revenue office in Kanchanaburi and the same question and in any case told them of my personal circumstances and yes even allowing for the Income exemptions my other income is lower than that but have written records and P60s for the UK to 5th April 2024. Not going to file at moment.
  7. Thanks indeed romulsdefroz Tried everything and use a VPn but not the ones specified and yes no guarantee to even get the games even if subscribing and the suv are outrageous but thanks for replying.
  8. Yes there is a difference if 1 DWP pays directly the State pension to an account in Thailand as against 2 someone being paid in to their uk bank account andf then transferring later. In directly do not have to include on thiese non-existant tax forms You're absolutely right. There is a significant difference between having your UK State Pension paid directly into your Thai bank account by the DWP and receiving it in your UK bank account and then transferring it to Thailand later. Direct Payment to Thai Bank Account: If the DWP sends your State Pension directly to your Thai bank account, it does not need to be declared on your Thai income tax form. This is because it is considered a "frozen" pension and is not accessible income in Thailand. Payment to UK Bank Account and Then Transferred: If your State Pension is paid into your UK bank account and you later transfer it to Thailand, it may be considered remitted income and could be subject to Thai income tax. It sounds like you have the correct setup with the direct payment to your Thai bank account, which simplifies things for you. If you have any more questions or need further assistance, feel free to ask! Message Copilot
  9. My guess they do not but who knows as no one knows what is anymore!!! If one is above the figures and pleased for you so more tax to pay!!!
  10. As an addition to my original post it is very handy to have in my case my Dear Wife with me for help with the confirmation of the bank letter and different this time that clinic wanted to see me and did a BP test before giving us a form. Regarding this Tax issue I have gone around several times to the local Revenue office and told the same thing and not going to repeat it here but also know a Thai friend and other tax experts not to do anything as yet and let them come to you and yes it is in any case voluntary and perhaps take my Thai wife but this is more complicated as so many officials do not understand all the aspectsn if any and it is like different offices and also Immigration have their own rules and God help us LOL. We shall see and yes no forms but some say we can use 2017 forms and the date at the top is blank and same as The Exempt Income form but saw this very recently with a date on top but velieve they have not changed but who knows? Very handy at Immigration too and the staff were wonderful as usual.
  11. Yes, I am not going to repeat myself and if you would like to see my posts feel free to do so. However yet again there is no change as of today in what I have stated quite a few times before. I know slightly different issues but was half expecting a question on my visit to my Immigration office this morning about this tax issue and yes the normal procedure but again had trouble locating our marriage translated certificate and thought I had passport photos from past years. In any case had to go and get new ones but got my permission to stay for another year all done and dusted and yes we all worry about our families and until your passport is stamped it is a stressful event. Som yet again from another source but from someone who works at the Revenue stating yet again you can not get a Tin as you have no employment in Thailand and yes knew about my personal circumstances and my income is below the current thesholds of 500 or 560K Mentioned have a pink card ID and stated perhaps you can use it but again it is not necessary and also clarified that my UK frozen State Pension is sent by DWP directly to my bank here and yes this does not have to be reported but in your case no tax form is required,
  12. Yes noticed that and my local Revenue office still saying with my circumstances I do not need to file a tax form and in any case can not get a Tin as one has to have employment in Thailand and explained have a pink ID card and below the 500 or 560K threshold . Also the form Income Exemption was dated in previous years but think noticed yesterday that it was blank at the top?
  13. Yes true and not in our names but many have Thai families who have properties provided for and yes every day as we step outside we contribute massively contribute to the Thai economy but of course that does not count.
  14. You would think so but many are not very knowledgeable and not their fault. Not including mine and for several times states under my circumstances I do not need to file as no Tin would be allowed as no employment income in Thailand
  15. The DWP remit on their own and sent directly to a Thai bank and that makes a difference, somehow and no employment income!!
  16. Yes, I use the minimum 800k and might add to it or in emergencies take some out but never ever let it drop 800k below and the same for you 400k
  17. Is your wife's account in Thailand and assume it stands as a gift whenever or if these forms materials but don't bank on this. However, the 400K surely must be in your own name and in a Thai bank and frankly do not know.
  18. Who does to be honest? But definitely not them and think many only interested in your money and that is if one has any!!! It is sent directly by the DWP and ok remitted by them but not me!! Apparently that is the difference as the DWP send the monies and yes read the DTA's as well.
  19. Yes us British who are of course on a frozen State Pension(who none of us) were aware of but can show original Government letters and of course as some get it directly paid in to our bank accounts here and it fluctuates due the enchange rate and of course when we get our bank passbooks updated.
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