16 minutes ago, Mike Lister said:

That pension will have been subject to the UK tax process but not taxed

I’d word this part differently…

“That pension will have been subject to the UK tax process & taxed at the 0% rate). 
 

1 hour ago, john donson said:

if your passbook has monthly updates, that is...

 

it is my first renewal after my initial retirement extension last year.

 

I was on other type non-o before (Parent of Thai child)Technically you need to show that… 

As this is not your 1st extension, (technically) you need to show that… 
   1. You maintained 800K in your account for at least 3 months after your previous extension. 
   2. You maintained at least 400K for 7 months after that 

   3. You have had at least 800K in the bank for the previous 2 months. 
 

So (Technically) a 12 month statement is required. 
 

Practically it depends on which Immigration Office you use, some want 12 months others might be happy with as little as 3 months, best to go in & check with them if you can. 

8 hours ago, roobaa01 said:

G' day

 

If I calculate a fiktiv Pension income Overseas of thb 490000 annually from Europe I would

receive the first then thb 150000 tax free, then tax rebate thb 100000 as pension receiver , another  tax rebate THB 120000 for being 65 + , then tax rebate thb 120000 for being married so it comes down to zero right. Hence why would I need to file a tax return?

 

Wbr

Roobaa01

Because the Revenue Department might want to check that you're calculations/allowances are correct E.g. are you sure you get another 120,000 for your wife? I thought this was 60,000 - But then again you haven't included the 60,000 that you are entitled to on top of the > 65 allowance.  

As an aside, I (via my accountant) have to file a Tax Return in the UK every year and every year it's either I don't need to pay any additional tax or they owe me a few pennies (literally like 12p or so) but it still costs me £240 for my accountant to file it :( 

22 hours ago, Badrabbit said:

I have 3 Pensions tottaling 75,000bht per month, London Fire Brigade, Tesco UK and the UK Government State Pension.

How do I get a tax Id code from, where do I go and will it cost me money.

You get your Tax Identification Number (TIN) from your local Tax office, it's free to get &  you'll need your Passport, Lease/Ownership Agreement, 2 Photos + Certificate of Residency with the stated purpose that it is for obtaining a TIN.

The Certificate of Residency is got from your local Immigration Office (300B) and will need your Passport, Lease/Ownership Agreement, 2 Photos + TM30 (Definitely need TM30 for Jomtien, not sure about other Immigration Offices), they will ask what it's for, just tell them it's to obtain a Tax Identification Number.

11 minutes ago, Badrabbit said:

I'm very very worried about this, I have always done the right thing here, wear a crash helmet, have a licence, have never been a problem to anyone.

I've been very very ill over the last 3 years, I've got no one to help me, I don't know what to do or how to do it, I'm feeling very low and scared about my future now, Im 68 soon, I pay tax on my pensions from the UK and have done since being here(16 years) I want to do what's right but my mental health is a mess, I'm confused, scared and feel like life is not worth living, no I'm not going to anything silly I'm just very worried and in constant pain.

I honestly wouldn't worry about it as Thai RD already know how to handle people who's only income comes from Pensions & you can be assured that unless you have a huge pension any tax due in Thailand will be minimal. 

I'm not sure which country you're from but if you're from the UK you should get an annual statement for your Pensions (P60 for private ones, not sure what the State Pension one is called) & this/these are all you'll need to provide to the RD should you need to complete a Tax Return... They will pro-rata these out for you if your tax year doesn't align to the Thai Tax year (UK being 6th April - 5th April).

It's people who have more "Complicated" income like Salary/Income from Businesses outside of Thailand, Royalties, Capital Gains, Rental Income etc... That might have a harder job in completing their return & may need to file Tax Returns in the other countries to provide evidence to RD.

6 hours ago, jayboy said:

I know of at least two people who have recently acquired a TIN not so much because of the recent tax change but because their banks in Jersey and Isle of Man were making ominous noises they would be trouble ahead if they didn’t have one.

I got one in Feb 2023 because my UK banks were making noises about needing one.

Having jumped through the hoops to get one, I filed a Tax Return to reclaim the withheld interest from 2021 & 2022, still haven't received the refund so am in 2 minds about whether to bother filing a return for 2023. 

22 hours ago, Danderman123 said:

I am vaccilating between 2 different strategies:

 

1) spend less than 180 days in Thailand

 

2) not transmit so much cash into Thailand that I am liable for filing a tax return. This entails me wiring a boatload of money to Thailand in 2023, and then only sending my US Social Security pension in 2024. And, using my US bank account to make major payments in Thailand.

 

I am hoping that the entire tax scheme goes away, however. I just can't see the hordes of retirees in Thailand filing tax returns in 2025.

(Technically) if you spend > 179 days in Thailand and remit > 60K THB then you're liable to file a Tax return. Doesn't matter that this income is covered by a DTA, that will just mean that there is no tax to pay on it & it will be a "Nil Return".   

The reality thus far is they've let people decided for themselves whether any of the money they've remitted is taxable & whether they need to file a Tax Return, I don't see this changing anytime soon for somebody who's just bringing over US SS, but somebody who plans on transferring a large sum of money whilst being Tax Resident should probably file a return even if they know there's no Tax due at the end of it. 

FWIW I have the same plan, I'll live on the money I already have over her until either the situation becomes clearer & I feel safe bringing in my UK Rental/Dividend income (I'm 2 years away from getting the 1st of my pensions so this is the only income I get) OR spend 2026 non Tax resident during which I'll transfer over the 25% Tax Free lump sum I'll be taking when I get my pension*. 

*This 25% will be used to meet the $250,000 investment I need to make to get the Wealthy Pensioner Long Term Residency Visa (LTR), unless things change between now & then, this will mean that I don't have to pay Tax on income remitted in the same year it was earned once I have the Visa

If your income is >$80K pa OR is >$40K pa & you're willing to invest $250K (NB Existing Investments in Thailand count, so if you already had a Condo over her in your name that would count towards the $250K)  then it might be worth looking at getting an LTR.

On 1/17/2024 at 4:34 PM, Danderman123 said:

So, I am lounging in Copacabana, Brazil, part of 6 months outside of Thailand, wondering if there is an update on whether I will be required to file Thai income tax next year.

If you spend < 180 days in Thailand & earn less than 60K THB income from work/assets in Thailand then there is no need to file a Tax Return.

My passport will expire June 2025 so my plan is to either renew it on my next trip to the UK (May) or wait until after that trip & renew it when I get back. 
 

Either way I’ll be renewing it before my next extension is due (Sept).

Received the reminder email from (Jomtien) Immigration on Monday morning that my 90 Day Report was due on 30th January, applied at 5:51AM  & received the approval email at 3:16PM.

Friend of mine's 90 Day was also due on 30th January, he did his 1st Online application on Saturday & it was approved at 3:30PM on Tuesday (also Jomtien IO). 

1 hour ago, thaibeachlovers said:

Why wouldn't it be God?

Dunno... 

11 hours ago, sirineou said:

This is crazy we are living under a new law, or a new interpretation of an old law. but we will not be told what that new law, or new interpretation of an old law  until later.What kind of BS is that? 

It is like getting into a football game and are told by the referees that the rules will be "interpreted different than they always were, but we will not tell you how until later.

Would you play under such rules? 

This is beyond crazy. 

 

The way I see this is,  whatever you were doing last year in respect of bringing income into Thailand that was earned in the same calendar year is exactly the same.  The only difference is that the "Same Calendar Year" now means "Any Calendar Year from 2024 onwards", so 2024 will be exactly the same. 

I think the problem for most people (& I certainly include myself in this) is that we don't fully understand the tax rules as they were before this change but have not needed to do so as we weren't bringing in income the same Calendar year it was earned, so I guess that if we did fully understand the rules prior to 1/1/2024, then we'd know exactly what the rules are now & how we'll be impacted going forward. 

Simple example, somebody remitting 100K pm from a private pension each month as the pension is paid, if they should have been paying tax on it in 2023 then they should be paying tax on it in 2024, 2025 etc... , if they shouldn't then they won't be paying tax on it in 2024, 2025 etc... The same is true of any income. 

So I guess the answer (to me) is that I need to fully understand the current rules as (to the RD) this is just a "Clarification"/"Tweak" to one part of the rules which they've already explained, so there's nothing more to explain. 

Now if I have questions on "What is assessable income", "How do DTAs impact my Tax Calculations", "Can I gift my partner money" etc... etc... etc... then nothing has changed in respect of these so I can't really expect the RD to think that they have to explain "any changes" to me. 

9 hours ago, Walker88 said:

Virtually every human society has manufactured deities

If God did not exist, it would be necessary to invent Him

Voltaire

17 hours ago, ezzra said:

One thing for sure, no one will complain about being too good looking, too rich or having too large penis...

1 hour ago, Guavaman said:

You can stop thinking and claiming that that some of your income is non-assessable.

Technically

Not sure why people would think there would be a list of "Non-Assessable Income" as all Income is Tax Assessable & the fact that there is no tax due on it can only be ascertained after assessing it for tax. 

E.g. If income from an Inheritance is not taxable Thailand, then that's fine the income is assessed as being from an Inheritance & not taxed... It's still Tax assessable. 

Another example, UK Government Pensions, US SS etc... are not taxable in Thailand, again the income would be assessed as being a Government Pension/SS & would not taxed... It's still Tax Assessable.   

Practically

I am not saying the income has to be or will be assessed, things like advisory notices from the RD & DTAs allow us to short circuit the process & not declare certain incomes, but if the RD came to audit you, any Inheritance or Government Pensions/SS will be assessed & if found to be such, deemed not taxable. 

On 5/15/2022 at 7:14 PM, Sparktrader said:

Looks great

Awesome pool

Laguna Beach Resort 3 (Maldives) stayed there for 5 nights via AirBnB, really nice place (awesome pool) but had to use Bolt to get anywhere as I don't have my own transport. 

On the AirBnB listing it mentioned a shuttle bus twice per day to the big Lotus at South Jomtien & Jomtien beach but the security guard looked at us like we were talking gibberish when we asked about it & I didn't see a single bus during our stay there. 

Oh & there were lots of Soi Dogs hanging around the streets outside, very placid during the day but I wouldn't want to be walking/riding a motorbike around there at night.   

Edit: Apologies I thought this was a new thread & it seems I posted exactly the same as the above  18 months ago!!! - At least I was consistent :) 

8 minutes ago, thaibeachlovers said:

I'll have to bow to your superior knowledge. As said I never read a word he wrote. All I know is that some people think he knows stuff.

A simple comparison would be when you think of Stephen Hawking, do you think "Author" or Genius who was so far ahead of everybody else with his thoughts on Time & Space.

I am comparing Nietzsche with Hawkins because, in his field, Nietzsche was so far ahead of everybody else.

Camus is a much easier read though (says he as he scoots to find the remote control so he can watch some Sherlock Holmes on New Years Day - Life is Good)  

Happy New Year :) 

10 minutes ago, Tippaporn said:

 

Sir Conan Doyle.

 

A remarkably perceptive individual as expressed through his character Sherlock.  He had a knack for eliminating the possibilities that couldn't fit and come up with the only one that could.

 

I, too, have read them all and love them dearly. 

Sorry one of my "quirks" is I refuse to use honorifics so he's "Arthur" to me :)

Brilliant Author & mind

42 minutes ago, thaibeachlovers said:

I've always been intrigued at why people have such reverence for people that wrote a book, as though the book was important, when surely it is the ideas that the book contain that are of importance? Isn't that why people think the Bible is important because they think it was written by God itself, and not by mere men.

 

Personally I have no respect for any of the great authors, not because they were wrong, but because I never read them, and their ideas have no part of my life. IMO if what they wrote was actually important to me I'd know about what they wrote.

 

When I was at school my reading was Lord of the Rings and Rider Haggard, not some esoteric tome by some scholar. Later I graduated to The Executioner ( excellent thriller series ), and Dune etc.

 

I'm not putting anyone down for reading that sort of book, but I just never had any incentive to do so. I guess I was always a doer and not a reader.

Now of course, the curse of the screen leaves little time for reading and if I do, it's going to be a Reacher thriller, not Nietzsche.

You seem to view Nietzsche as an Author & I'd never put that label on him even though he's written books. 

My favourite author has to be Conan Doyle, I grew up on Sherlock Holmes stories & love them to this day :) 

2 hours ago, ukrules said:

There's plenty of room for hearsay and anecdotes, after all we should remember - this is a discussion forum, not a legal review.

Love this post... Thank you for reminding us that "This is Thailand" & so everything we think we know, we don't.

30 minutes ago, quake said:

 

Simple example, I use the 65K pm income method remitting income as it accrues & am from a country that doesn't have a DTA with Thailand... I have always been liable for tax on that income in Thailand, few (I'd bet next to no) Expats pay it. 

This is why some immigrations offices are now asking for a tax certificate (or equivalent) when doing extensions based on the 65K pm method. 

And that's not "Scaremongering" it's a simple fact... 

 

( You above)

Please post a link to the government, immigration or revenue department,   facts of your  statement. 

( relevant part in bold )  and also state the immigration  offices in question.

Thanks 

Read my previous post, somebody posted on here that they had been asked for a Tax certificate, I can't remember when or in what thread nor do I care as I use the 800K in the bank method...

If you use the 65K pm method it's your job to find out whether it's true or not not mine.