higg1279

I read too that a Non Immigrant Visa is required, but then it flipped to Non O only on another website.

I guess it depends on the Immigration Desk at the time of the enquiry.

Cheers for the insight.

Joe, I'm currently on a B Visa, 90 days entry to expire mid April.

Do I apply at Immigration during this period for a Retirement Visa or have to leave the Country and return on a Tourist Visa or Non O Visa (per Siam Legal) to be eligible to apply for a Retirement Visa.

Good day,

Looking at applying for a Retirement Visa, currently holding a Non B Visa, without having to return to England to do so.  I'm informed by a third party as follows:                               

1) Leave Thailand and return on a Tourist Visa

2) Apply within Thailand for a Non O Visa

3) Convert Non O Visa to Retirement Visa

Can anyone confirm if this is correct and `direct' fees involved.

Cheers

6 minutes ago, Crisu said:

 

My hope is, if you just reclaim the withholding tax on interest from a fixed deposit account, its just a question of some min.
For that you first need interest from a fixed deposit and second have to wait until the end of the year.
This is what a lawyer told me about 3 weeks ago in patong.
I think i will give it a try next year.
 

 

Based on the information I've discovered, there doesn't seem to be much of a downside for having a TIN in Thailand, apart from submitting a Tax declaration Form at the end of March for a nominal amount. However applying for one and the application being accepted are a different matter. Initially to apply for a TIN based on overseas income, I was told I would require the following:

1) Thai Application Form

2) Confirmation of address

3) Copy of your Passport

On presentation of the above, I was then told I need more information, which includes the following:

1) Bank Statement

2) Landlord House Registration Documents

3) Landlord ID

4) Letter from the Landlord confirming I live at said address.

This time, I thought I had all my cards in order, presented them to the same Clerk, thinking only 10mins and I'll have my TIN. No... The Clerk or her Boss had moved the Goal Posts. Now they require the following:

1) Evidence that I've stayed in Thailand 180 days plus in 2017, with Visa Stamp confirmation within my Passport. NB If you have other Annual Visa's and are only just applying, they will ask what about your income for the previous year!

2) Income from Jan - Dec 17 highlighted in my Bank Acct or other evidence of income.

Bottom line is it's not a 10-15 min job in Phuket anyway (Nov/Dec 2017) and they are not giving away TIN easy, even if you advise it's for the Bank. The next question will be, which Bank!

I hope this helps people.......

We're slightly digressing here, however according to the Isle Of Man Bank (telecom this week) they do not share any Bank Acct information with Thailand, at present, as there is no agreement in place, to report parties who reside in Thailand and have Bank Acct held with them, to the Thai Tax Authorities. 

Therefore, if you complete the Tax Residency Application and certify you are living in Thailand, with a Thai Tax ID No, that will satisfy their requirement of self certification of living in Thailand for Tax purposes. If you don't, you maybe subject to further questions, like other people on this forum. Some have presented a reasonable defence and no more questions asked, others not so fortunate and been subject to the third degree of interrogation.

The Airport to Patong is 800baht. Patong to the Airport, you maybe able to get away with 600 baht, but that would be normally a Taxi from outside the Patong area coming to collect. Typically the Taxi's in Patong, Karon, Kata operate in a Cartel and won't undercut each other.

Back to the question, it will be 800 + baht , as Karon is a few miles further south than Patong.

Going to speak with an Expats Thai Accountant, about obtaining a TIN. The Application Form is in Thai and it seems, only a Residential address and Passport are required for the time being. Reason for Application will be due to Banking requirements. Will keep you posted!

I'd like to think that would be an acceptable answer, but the next question maybe where is the money coming from which is deposited into your account? Example if money is earned from trading on the internet outside of Thailand.

Thank you for the info Maestro, but the last article is purely between the USA and Thailand (The Income Tax Treaty Between the United States and Thailand), so of benefit for a USA resident here in Thailand, but not me fortunately. I also believe it doesn't matter where you reside in the world, the USA is looking to extract Tax from their Citizens for any revenue earned. Grossly unfair, but that's another topic!

https://www.isla-offshore.com/going-offshore/tax-havens-information-exchange/

Based on this article above, Thailand isn't on the list as a Tax Sharing information Country.

On ‎26‎/‎11‎/‎2017 at 6:22 PM, mahjongguy said:

"... I'll apply for a TIN and declare a nominal amount.  "

 

The application form for a TIN (L. P. 10-1) does not ask you to declare or estimate income. It only establishes your identity.

That's good to know. Is there a L.P.10-1 Form available in English, I can only find a Thai version.

Spoke with my Offshore Bank (I.O.M) and they don't have an agreement in place with Thailand to share Banking information. As long as a TIN is obtained (with evidence), that would be satisfactory for the Bank on completing the Self Certification Tax Form. 

16 minutes ago, ubonjoe said:

There is no requirement for you to have a TIN unless you have income generated here or are wanting to report income from outside the country.

They will not go back through you passport.

Thanks for the info.

a) I don't generate income from Thailand.

Under normal circumstances, it wouldn't make sense or be in my interest to declare money earned outside of Thailand.

I'll speak to the Bank (off the record) and see if they will accept `Legally not required', as an acceptable answer on the application form. If not and it will lead to further scrutiny, I'll apply for a TIN and declare a nominal amount. 

On ‎24‎/‎11‎/‎2017 at 1:25 PM, Tanoshi said:

 

It depends on individuals circumstances and whether apply for a 'TIN' is by necessity or choice.

 

I have a Fixed term deposit account, the interest of which is taxed at 15% as it's regarded as income obtained from within Thailand.

The tax paid however is below the allowable personal tax allowance.

Therefore I am legally entitled to reclaim such tax deducted, obviously I need a 'TIN' in order to achieve that.

In this situation obtaining a 'TIN' works to my advantage. There is no downside.

Reclaiming tax deducted from the previous years interest, is quick and painless, taking 30 minutes once a year.

Firstly my situation is not related to the USA or any IRS, as I'm not American.

My Offshore Bank is pushing for this info (TIN), advising there has been new rules and it's for the purpose of `Tax Residency Self Certification'. 

I spend most of my year living in Thailand, certainly more than 180 days. I have a Savings Acct in Thailand, Rental Agreement Contract in place, but don't receive an income from a Thai Employer, nor Intl Company based in Thailand.  I'm 50 next year, so can't really fudge the subject for 10 mths, with a Retirement Visa and hold a Non B Visa. 

The question really for me is what is the downside of applying for a TIN in Thailand? Are they likely to go through my Passport and look to see why I didn't have a TIN before?

TerraplaneGuy and all, Good afternoon! I'm new to the Thai Visa Forum, but not to Thailand. As this topic is of interest to most people now, myself included, I wanted to revisit this subject to ascertain if you or anyone have found a downside to obtaining a 'TIN', if they don't file a Tax Return and it was simply to appease new worldwide Govt Legislation, which includes having offshore Banks Accts, requesting a TIN now.