Mike Teavee

Apologies, I know better than to post links to Bangkok Post but hadn't realised that the others weren't allowed. Hopefully it's ok to suggest people Google "Myths about Thai expats and those income tax changes starting very soon" as it was an interesting article.

It does read that way BUT I think they're referring to Permanent Residents as even guys on a 30 day Visa Exempt can (or at least used to be able to, some offices won't do them now) get a Certificate of Residency for opening bank accounts etc...

I think you misunderstood, the 10 year age gap is to protect minors & only relates to under 18s... So a 17 year old Filipina could be with a 27 year old guy but not a 28 year old guy & an 18 year old Filipina can be with a guy of any age But there have been stories (I don't know how true) of guys being set-up by a girl bringing her <18 year old "Sister" to their hotel room, popping out to do something & the police raiding. 1 other fun fact about the Philippines is as there's no divorce there (only annulments which are expensive & take a very long time) if you go with a Filipina who was married then technically you & she are committing adultery so can be prosecuted & if you were to have a child together then technically the child is considered to be the husbands. Sound far fetched? A guy from Wales got into a lot of trouble over this with either him and/or the Filipina given a 14 year prison sentence. Google "Locked Up Abroad - 3 Forbidden Love" https://www.imdb.com/title/tt1961956/

No worries, I posted my reply before I saw @Yumthairesponse so Mea Culpa also :) I do think that the Gift Tax is a glaring loophole in the RD's plans to tax more incoming remittances from their main target (Thais with significant overseas incomes) so would be surprised if it didn't quickly come under a lot of scrutiny & get reduced to 1-2Million. Seems US has a 3Million THB limit on Tax Free Gifts, IIRC it's £3,000 (PA) in the UK which is about 1.33Million THB.

That's for Inheritance Tax... & what's interesting about it is that it seems Guys who are Permanent Residents could be subject to IHT. 2.2.2 Persons with non-Thai nationality All assets of individuals holding Thai residency pursuant to Thai immigration laws* are taxable. For any individual without residency in Thailand under Thai immigration laws, but receiving taxable assets in Thailand, these assets are taxable. Furthermore, the inherited assets situated in Thailand of foreign juristic persons receiving those assets situated are taxable. *Individuals approved by the Immigration Commission who have received a certificate of residence are considered to have residency in Thailand for inheritance tax purposes (section 41 of the Immigration Act B.E. 2522 (1979)).

Neither the PWC or HSBC articles I've read on Gift tax state whether the money being "Gifted" has to come from within Thailand or can come from abroad PWC: https://taxsummaries.pwc.com/thailand/individual/income-determination HSBC:https://www.expat.hsbc.com/expat-explorer/expat-guides/thailand/tax-in-thailand/#:~:text=Inheritance and gift taxes&text=However%2C gifts received from a,year) are exempt from tax. I guess the safest thing would be for them to send the money to their own Bank Account in Thailand (No Tax as they're Non Tax Resident) & then "Gift" it from there.

My Brother (Well technically his partner is the "Sub Post Master") leases a Post Office in rural Derbyshire & got caught up in this, it was really nasty & ended up putting his partner in hospital with the stress from it (There were other People caught up in it who ended up committing suicide from the stress). In their case it was all over a £1,000 discrepancy so it got to the point where my brother said he'd just pay the £1,000 to make the problem go away but they wouldn't accept anything like that so it went on & on with threats of court action & prison until the truth came out & they were fully vindicated. My brother hasn't spoken about it to me since (I think mainly he doesn't want to upset his partner but also he doesn't want to relive that <deleted>) so I've no idea whether they were compensated for it or not. Obviously I'm gonna watch the show to see what happens & I'll have a chat with him about it next time I'm in the UK (May).

I don't know about DLT but I do know that I had to go to Jomtien Immigration to have my photo taken when I did my last extension in August, as mentioned I use an Agent (for convenience) & last year they took my photo in their office so I don't know if there's been a general tightening up on needing to attend places for photos.

My last residency cert cost me 500B from Maneerat (Soi 13/2, directly across the road from the Post Office), the 1 before that cost me 300B doing it myself at Immigration (I was trying to sort out my Tax Identification Number at the Tax office across Jomtien 2nd Road so decided to do it myself as I was already in the area). FWIW I also use Maneerat for my Extension & it's 8,000B (Because I keep 800K in the Bank) + another 4,000B for 1 year Multi Re-Entry Permit, it would be 12,500B + 4,000B otherwise. Edit: If you want them to sort out a TM30 for you it would also be 500B. ... But 900B to save you the hassle of going to DLT to sort out your Driving License sounds like a Bargain :)

It depends on "Who" they're sending the money to, "What" they're sending the money over for & "How Much" they're sending, but based on current rules & the fact that there have been no announcements changing the "Gift" part of these, IMHO... If they're sending money back to themselves then there should be no tax liable from the Thai national as they're not Tax Resident. If the money is below 20M & being gifted to a Spouse or a Child for their use only & they get no direct financial benefit from it (e.g. the money could not be used to buy land/property in the Senders name) - No Tax is liable If the money is below 10M & a gift to a close friend/partner to mark a significant occasion (e.g. Wedding) or to provide support (Moral Obligation) & they get no direct financial benefit from it (again, couldn't be used to buy anything in the senders name) - No Tax is liable If the money is above the 10/20M thresholds & is a "Gift" then 5% tax to pay by the person receiving it. However, as has been discussed in the thread already, the 10/20M "Gift" loophole would seem to make a mockery of the new rules so although I believe it will stay in some form (maybe a reduced limit to 1/2M THB) I would image any such "Gifts" would be intensely scrutinised.

The 50K I quoted for an implant at The S Clinic in Bangkok included all the Fees, I know as I had 3 (all OSSTEM) done there.

The cost in Bangkok (S Dental Clinic in Sathorn https://www.thes-clinic.com/implant) is 50K, I've seen them advertised for 35K in Pattaya but it looks like that's for a lower quality implant.

You can "Gift" your child up to 20Million Baht per year & I don't think anybody would argue with you "Gifting" them 50K per month for living expenses... From @Yumthaiearlier post... https://taxsummaries.pwc.com/thailand/individual/income-determination Maintenance income derived under a moral obligation or gifts made in a ceremony or on occasions in accordance with established custom from persons who are not ascendants, descendants, or spouse, in the amount not exceeding THB 10 million throughout a tax year. From HSBC... https://www.expat.hsbc.com/expat-explorer/expat-guides/thailand/tax-in-thailand/#:~:text=Inheritance and gift taxes&text=In general%2C gifts are taxed,year) are exempt from tax. "In general, gifts are taxed at a flat rate of 5%. However, gifts received from a legitimate parent, child or spouse (up to THB 20 million per year) or in a ceremony or on occasions in accordance with custom and tradition (up to THB 10 million per year) are exempt from tax".

I know you can gift your wife 20M & I have read that parents can gift up to 10M for special occasions (e.g. a wedding) but I can't find it written anywhere that I could gift the GF 10M, do you have a link?

Maybe for the US (and even then you could be liable for tax in Thailand if the tax rate is higher here) but UK State & Private pensions are not covered by the UK/TH DTA. I do think you're right in that nobody should be getting stressed about it until we have more clarity but I do think people should consider bringing money over before 1/1/24 and delaying any planned remittances after that date until we have clarification.

No they're not, the onus is on you to file a return IF you have taxable income (which is exactly how it is today), the Revenue may or may not look at people who make large transfers but I can guarantee they won't look at somebody who sends <60K THB pa as they know there is no tax to pay. FWIW I doubt they'd look at anybody sending <300K as even if there is Tax due it's not worth their effort to collect the <5K tax you might have to pay on it.

It all depends on where the money came from. If it's from savings or income earned before 1/1/24 & you bring it in post 1/1/24 then there is no tax to pay on it... If its income (lets say rent from a house or capital gains) then it might (depending on your country's DTA with Thailand & subject to any allowances you're entitled to) be taxable. If I was in your position & only spending approx. 6 months per year here, I'd make sure I spent no more than the 179 days to make sure I wasn't tax resident.

You only need to file a Tax return if you have income that is taxable in Thailand. The simplest example is if you transfer <60K then there is no need to file a return as all Tax Residents have a minimum of 60K personal allowance.

My plan exactly... 235K THB for me 210K THB for her £8,000 (approx. 350K) in my pocket when I come back from the UK £6,000 (approx.260K) I give to my mate in the UK for him to invest there £3,000 (approx. 130K) that I pay for my mate's flight on our annual trip back to the UK. Should give me approx. 100K per month, the rest I'll just be taking out of ATMs when I'm overseas. I do love the fact that if this Tax does go ahead, every time I spend money on holiday outside of Thailand the Revenue Department sort of pays something towards it :D

In which case it doesn't matter how much money you remit into Thailand. But even if you were Tax Resident, there is no need to file a return unless you have taxable income & all this talk of "I'll need something from RD to do my extension" is nonsense, there is no way that the RD can cope with an additional 300,000 Expat Tax Returns never mind the 100,000s of Thais that will get caught up in it. Granted they could re-instate the Tax Clearance certificate that you used to have to get if you'd stayed here longer than 6 months (IIRC Philippines still has something similar) but in that case you would need to get one whether you remitted any money to Thailand or not.

No it doesn't... There is talk that they want to look at taxing Global Income but the current changes to the rules are focused on tax based on income remitted to Thailand.

You're ok remitting at least 210K (60K personal allowance & then the 1st 150K is taxed at 0%) after that it depends on your personal circumstances... Have Kids in Thailand, 30K per child can be offset against Tax Married & Wife doesn't file a Tax return, you can claim her 60K personal allowance Over 65, extra 190K allowance + up to 100K allowance against your pension Buy Health Insurance in Thailand? 1st 25K can be offset against Tax. Buy Life Insurance, 1st 100K can be offset against Tax. Am sure there are more but as a single guy my plan is to bring in 235K for me (60K PA + 25K for Health Insurance + 150K taxed at 0%) & 210K for the GF (Wired straight to her account from UK).

I plan on buying a condo in 2026 when I hit 60 & can take the Tax Free lump sum from my private pensions... Of course I also plan on taking a 6 month break from Thailand that year so the "Income" will be earned & remitted in a year I'm non-Tax resident.

I sat through this movie & wouldn't recommend anybody waste their time watching it but thanks for the link to the "Explainers", The fact that there was a need to "Explain" a movie plot sort off speaks for itself & even after reading the "Explanations" I felt like I'd wasted approx. 3 hours of my life... Shame really as I'd been looking forward to watching it since Netflix started pro'moing it. As always, YMMV, I've just finished watching "Bad Surgeon: Love under the knife" & really enjoyed it found it fascinating, but it's probably not everybody's cup of tea.

Everybody's happy...