Phulublub

So half as often as DTV, or DTV gets same reentry permit which, if they do, will require a preeceding 90 day...) Then again I do both TM30 and TM47 online so take me seconds. You do what you want, let others do the same but FFS stop whinging. PH

If anyone on Non-O hops abroad once a year they also do not "need" to report TM47....just go abroad less than 90 days before your annual extension. Or ditch your Non-O and buy a DTV...this is an additional choice, not a restriction on anyone. Whingers whinging for the sake of it. PH

Your gut needs some atention. What possible motivation would there be for anyone to buy a 5 year visa at THB10K that only llowed a TOTAL stay of 360 days? Nonsense! As others have sad, it is a Multi Entry Visa, with a limit of 180 days per stay, which can be extended once then you have to leave the country but, just as with all other multi-entries, can reenter. Rinse and repeat. PH

maybe this is two separate things...those without access to the Natioanl Penson Fund can contribute up to 13,200 per year. In addition, any and all monies played on the lottery will be added to the person's National Pension Fund pot. These articles foten lack critical proofreading and consistency. PH

Thanks. Thailand following UK in wanting ALL pages of old passport. Why they want photocopies of blank pages is beyond me. PH

Not how I read it. seems pretty explicit to me. If you have (Assessable) income in the UK, on which you have paid UK tax, then you can use the tax paid as a credit against any tax due on that income that you remit to Thailand. PH

Which office? did they require any additional paperwork? PH

I believe paragraph 23 of the DTA covers this. The UK State pension and Company pensions fall into this area as (unike most Government Pensions) they are not exempt but are merely one form of Assessable Income that is potentially taxable in both Countries but individuals will be able to claim a credit in one for tax paid in the other. PH

Your example of a UK pensioner on the state pension. By definition, therefore, he will be over 65. Try and be consistent. Your table - which could be a useful resource if able to be amended as required to accommodate all possible allowances and deductions - fails to allow for his 190K over 65 allownace, hence your incorrect conclusion. PH

Nope. My £14 a month assumes no other deductions after his own personal allowances PH

After perosnal allowance, age allowance and zero band, remainder would be taxed at 5% - total about 7.5K. But can also make deductions for spouse, insurance premiums....so about £14 a month. Beware jumping into what may appear to be a greemner field without doing proper research. PH

This I know. The Thai definitions of assessable income have no real direct read across in many respects. Potentially, they treat remitted Captal Gains as income - I have not seen any discussion on how CGT paid would affect the calulations (but would suggest it would count as tax paid in the same way as any other). They treat remitted interest and dividends as assessable income. How do UK ISA holders fare in this regard? There are many grey areas and questions but to think they would exclude pension income as not assessable would be naive IMV. PH

Possibly, possibly not. The fact the TRD officer enforces filings from even low income employment, is telling, is it not. It's difficult for me to imagine the rules would be any different where the income is from other sources. Why would it? My UK pension is taxed as income.....do any countries not count pensions as income? PH

ANY income? My UK Military Pension is covered by the DTA and not assessable income. What is an "IRA account"? Something not applicable to most I would suggest PH

If he can obtain a statement of his savings as at 31 Dec 23, and only transfer those assets, then they will not be assessable income. The proceeds from his house sale can remain outside Thailand and are therefore not subject to these regulations.(perhaps opening a separate account so he can, if ever necessary, clearly demonstrate this). This assumes the house is his PPR and no CGT has been paid - if not that MAY be another avenue under which the UK/Thailand DTA MAY kick in (I have no idea, but might be worth investigating for him or others with properties they own but which are not PPR). PH

How many times does it need to be said that the vast majority of expats will have zero, or near zero, tax to pay and this new measure is not aimed at us at all, but at wealthy Thais offshoring income and bringing it back without incurring any taxes? We do need to be mindful that we follow the rules and understand our own personal circumstances wrt assessable income and DTAs, but that's about it. PH

Will do if I can find! Any chance of a picture (that could paint a thouseand words...) PH

Make your own....https://www.wholeheartykitchen.co.uk/homemade-baked-beans/ among others. You get to choose whether, or how much, sugar, salt and spice to add. And way cheaper than any store bought, even with the expense of imported Worcestershire sauce PH

Nonsense. Obtaining a TIN has nothing to do with paying any extra tax. Obtaining a TIN will allow you to pay any tax due, if it is - and we all have the same legal requirement to do this here just as we (mostly) do in our home countries; it will also allow those whose home country banks ask for it, to have it readily available. Thailand has only recently joined CRS so these changes will take time to feed through, but they will. If you have your tax affairs in order, then in all probability, the vast majority will have little or no liability here through a combination of tax already paid, tax allowances here, non-assessable income and DTAs. If it becomes a requirement down the line to show evidence of no tax owed for annual extension, already having a TIN (and maybe filing a return showing zero tax owed) will make this a smooth transaction rather than a last minute scramble alongside the hundreds of others in th same boat. Those who wish can, of course, go rght ahead and do nothing, wail and moan and shout they are leaving for greener pastures (where?!) if the authorities bring this in. Maybe they should ignore threads such as this? Others might make more prudent preparation. PH

This talks about exemption for Houses, not condos. There is a difference, but I have asked for definitive advice from a much more knowledgeable (Thai) friend. PH

https://www.tilleke.com/insights/new-land-and-building-tax-act-thailand/ New Land and Building Tax Act in ThailandThailand’s new Land and Building Tax Act B.E. 2562 (2019) (the “Act”) came into effect on March 13, 2019. Payment of land and building tax under the new Act will be required from January 1, 2020, onwards. The new Act revokes and replaces various pieces of formerly applicable legislation, including the House and Land Tax B.E. 2475 (1932) and its amendments; the Land Development Tax B.E. 2508 (1965) and its amendments; the Notification of the National Executive Council No. 156 dated June 4, B.E. 2515 (1972); and the Royal Decree Designating the Medium Price of Land for Land Development Tax Assessment B.E. 2529 (1986). Under the Act, both individual and juristic persons who have ownership, possessory, or usage rights over land or buildings (including condominium units), as of January 1 of each year, will be required to pay land and building tax to the local administrative authorities. Payment will be due in April of each year. The official assessed price of the land, building, or condominium unit, as determined by the government authority for the purpose of collecting registration fees under the current Land Code, will be used as the basis for calculation of the land and building tax. The actual land and building tax rate that authorities will collect will be announced by royal decree in due course, subject to the fixed maximum rates, exemptions, and transition period rates outlined below.

Who told you that!!! ??? Is a tax on the condo, nothing to do with who lives (or doesn't) there PH

QR Code doesnt work. But apparently can pay at Krungthai branch in Central festival which will be more convenient for many. Our condo juristic also gave out a link for direct transfer which I used, but cannot find details atm PH

Where are you resident? If you are resident "back home" then you are not resident here, but you seem to think you are resident here, so you are not residnet there. But if you are here for 180 days or more you ARE tax resident here; whether you have assessable income is irrelevent to that. If you are resident here, it is not only your home country bank(s) that will be able to use CRS to report your transfers - your thai bank will also do the same. Trying to play lever on one end will get you nowhere. PH

Which is why everyone should check periodically for their own personal circumstances to make sure they are getting a competitive transfer. And if making a one-off larger payment, double check as your usual method may be a lot more expensive than your usual transfers. Individually, neither the exchange rate or charges are important. ALL that matters is how much you have credited for the amount you spent. PH