aldriglikvid

What are these Chinese restaurants mentioned in the article?

I had the prepared withholding tax document from my Thai bank and the withholding tax from my Thai broker with me. And a copy of my bankbook, TM30, visa and passport. I don't know how to make this much clearer: they wouldn't even entertain giving me or anyone else a TIN without showing my banking statements first. It was literally posted on the wall at several places. The post said: "Foreigner that want a TIN need to supply the following documents: Banking Statements 2024, TM30, Visa, Passport"

First, I want to send my appreciation for any thoughtful feedback provided. Thanks! But, perhaps I was a bit unclear in my original post. When I visited the tax branch I initiated the conversation, and asked for repeatedly, that I wanted to acquire a TIN and file my own taxes online. The very first words from the tax lady was: - "have statements? make transfers?" The entire tax office was filled with papers stating "you foreigner? want TIN? need bank statements". It was very, very confrontative from the first contact. I'm simply not confident to show this lady a transfer of 10m thb and then, hopefully, receive a TIN. They wanted nothing else but to see my banking statements, northing else was of their interests. So, appreciate your feedback - but I'm stuck at the "acquire a TIN" row as of now. With that said, I stumbled upon the Expat Tax Thailand" website and they can acquire a TIN on my behalf for a fee. If I acquire a TIN, would I be able to file online immediately - or do that new TIN need to be activated or any way greenlit by the local tax office in advance?

@Yumthai @NoDisplayName@petermik @Ben Zioner All very helpful. Thanks! Somewhat disconcerting situation altogether. To the best of my understanding, neither my transfers nor my local dividends (that has been taxed, and I seek no refunds/deductions), are assessable. What has been somewhat unclear to me, and what I essentially tried to settle today, is if it is an obligation to file altogether if no taxes are owned. The coming two weeks I'll try to get a better understanding if I need to file at all. I appreciate that link. If we assume Sherrings is correct here, that pretty much settles it. https://sherrings.com/dividend-income-personal-income-tax-thailand.html

Hi, Tax Situation: - Became a Tax Resident according to the 180 day rule late 2023 - Transferred a 8 digit number to acquire a condo in early 2024 - Said sum existed, and had been taxed, in 'home country' bank account and brokerage account pre-2024 (2020, 2021, 2022, 2023 etc.) - The only income in 2024 is dividends from Thai companies, held in a Thai brokerage - and which withholding tax has already been deducted From my understanding, there's no assessable income here. (there seems to be contradicting info: if the transfers are sizable enough, they need to be disclosed regardless earned pre-2024?) Anyhow. Went to the Tax Office today, in Jomtien (Chonburi). I was immediately asked for my banking statements to even process my filing or getting a TIN. She kept hitting this subject, aggressively so, about my banking statements for 2024. Furthermore, she asked if I owned property that I rent out - and if I traded crypto. Hadn't mentioned any of it. Very uncomfortable setting. Essentially, my experience mirrored the most cynical and satirical approach created on this forum. As I didn't have the banking statements printed (nor wanted to show them), the meeting was over. I'm now left with two options: - Not file at all. - Produce end-of-year banking & brokerage statements from my home country and hope that would be sufficient. My hesitation is rather large right now, after the meeting today.

Correct, I wrote too quickly. 10% has been withheld.

I had a look at the filing template - link: https://www.rd.go.th/fileadmin/download/english_form/2023/220367PIT90.pdf Circumstances: - Became a Tax Resident mid-2024 - Transferred xxx-sum in 2024 that was earned pre-2024 from my home country. Can proof end-of-year balance over this sum for 2020, 2021, 2022 & 2023 if necessary - Own a local thai brokerage account and received 200k in dividends from a Thai company - of which 15% immediately was taxed as per withholding tax. I'll ask for a TIN. If asked why, I'll say I became a tax resident last year and that I had dividend income throughout the year. From my point of view, my international transfers are not assessable and thus I will not bring them up or declare them when I file. I'll file that dividend has been received and taxed already. Complete? My "issue" is that - my remittance is not assessable (in my POV) and I don't want to bring it up, and "fight" that issue. Secondly, from my reading of the filing template dividends should only be filed if I want to deduct the already paid withholding tax with an income (an income which I don't have). My rather large remittance last year was to a condo purchase, and even though I can proof it as taxed pre-2024 I can't let go of the notion that the guy at the RD that will handle my application - would tax me a silly sum just out of convenience.

Bless! And in regards to be able to file online, I first need to apply for a TIN at my local RD office (and have a local ID, as well?).?

Anyone that has recently filed, where you forced to attach bank statements showing incoming international transfers - or was it purely self assessment?

A bit out of the loop here. All remittances done in 2024 in the clear?

Appreciate it. Unfortunately, the funds were withdrawn from my broker mid January and transferred immediately. I'll ponder on this. Thanks!

Not expecting advice, but I'd appreciate your feedback on my situation: I transferred approximately 10m THB to my Thai bank in January 2024. All those funds came from my local bank back home, and have been taxed for already (via investing in equites and the such). The purpose for the transfer is probably not relevant for the RD, but I'm disclosing it here for context: purchase of condominium. Even though I earned this sum prior to 2024, and could produce documents to show it, I'm somewhat "scared" to file a 10 million remittance to Thailand - and then claim it non-assessable (from my understanding here, isn't really a viable option on the filing docs just yet). I'm afraid that they will be unable to properly understand my local docs, or interpret them to my disadvantage. Perhaps a controversial take, but, I'm probably going the route of not filing at all.

Very clear! Appreciate it. From memory, the symbol I've attached below indicates that the shop/center is able to renew road tax (and make inspections and other things). Is it your understand that they can sell a "new" road tax sticker as well? Would save me a trip out to the DLT.

Hi fellas, I acquired Bike Insurance + "Compulsory Insurance" via Roojai and received, essentially, two different documents: 1 x Class 1 Bike Insurance @ ~3500 THB 1 x "Compulsory Insurance" @ ~650 THB Is the second one what's commonly called "road tax" (or similar)? I've not received any of those pink stickers and I wasn't sure if it was needed when I applied online, or if I simply acquired the wrong insurance. Thanks!

I'm currently on the Elite and I've been contemplating the LTR just to not face tax on remittances. Is it still the case that my transfers are exempt, on the LTR? Follow up Q.: anyone else on the Elite that have also acquired the LTR? Any immediate Pros/Cons? Thanks!