Mike Teavee

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...

A few examples of where Thailand could tax US citizens (I'm British & don't even pretend to understand how US Tax works so please excuse me). Any Income you've "Earned" that is Tax Exempt, Thailand might Tax you on it Any Income that you've paid Tax in the US but Tax is higher in Thailand, Thailand might tax you on the difference Any Income that you've "Earned" & already paid tax on in the US but you remit in a later year, Thailand might tax you on it.

Not a Movie or TV Show, but a friend sent me this YouTube Video & it blew my mind... The guy (Ren) did it in 1 take (everything is live) & after Googling his life he's clearly talking about his battle with Psychosis & other ailments (recently hospitalized with Lyme Disease) Again, not for everybody but I thought it was a work of genius & he will be remembered.

I spent 38 years working for my bank (Barclays) & they know I’m not UK Resident as they were the ones who posted me overseas (India, then Pakistan & finally Singapore) so I’d rather not “Rock The Boat” by asking them for a new account. Especially as you can see from threads on here (& UK News) that they’re actively looking to close down expat accounts. Fly low & don’t get burnt…

100% agree 👍🏻, sorry if I misunderstood your previous post.

Wow, I wish I could do that but have you tried to open a Bank Account in your home country after being (Fully) Expat for a few years? I know in the UK you've got no chance... I personally wouldn't even talk to my bank about opening a separate account in case they decided to "Look" at my accounts.

NO... Let me explain this to you in simple terms... If you earn income in a year you're not tax resident in Thailand, no tax to pay If you remit income in any year you're not tax resident in Thailand, no tax to pay If you earn income when you're Thai Tax resident, take a few years break & bring the money over when you are again Thai Tax Resident, you need to pay tax on it. You get my point now?

For some reason it seems I'm not able to post a reaction to this post so what it's worth mine was a "Like"

Sucks to be you (I am joking here :D ) Seriously I think anybody who is on a small budget won't be impacted, anybody on a large budget will find (legal) ways around it & anybody on a medium budget needs to plan carefully... Unfortunately "Medium" budget is me, Fortunately I already know what I'm going to do so have the necessary "Plans" in place :)

Exactly... But the post I replied to does have a very valid point... Let's say I'm normally Tax Resident in Thailand & in 2024 take a lot of holiday's so I end up spending only 150 days here, so whilst anything I earn (& remit) that year is not taxable, the onus is on me to prove that's the case when if I were to remit any earnings from 2024 in a later tax year.

No Tax up to 20Million and then 5% tax after that...

I think you're wrong on this point... A country's "Statutory Law" is what counts, if that breaks an International Treaty then so be it, but no country is going to allow another country to dictate what it can & can't do.

Thailand has no claim to anything you've earned in any year you are not Thai Tax Resident... BUT you might have to prove that you you weren't Tax Resident when you earned that income.

<Rant On> Why does there need to be additional services & privileges? Does your home country offer these to non-citizens/permanent residents just because they pay taxes, I know mine (UK) doesn't.... Sh!t I pay Tax (& Voluntary National Insurance contributions) & I don't even get free health care, instead I get to pay 1.5X what anybody who's not British would pay... And people talk about Thailand's dual pricing! at least they look after their own. <Rant Off>

It seems anything you have (Income or not) before 2024 will be treated as savings but going forward they seem to be saying that if you had a 100K pension & only brought 50K over for the 2 years 2024 & 2025 and then brought over the 1.2Million you'd saved in 2026, then this would be taxed (approx. 200K)!

I'm sorry you'd have to ask them as they do look after my mate's tax needs BUT he also has a business here so it could be a "Packaged" deal.

I haven't personally used them but these were the guys who were recommended to me by people who have so I kept a note of their details... https://asiaaccounts.com/ They're based in Bangkok (Ekkamai area) but I don't see why you couldn't use them without visiting Bangkok as returns are filed online so the only paperwork you would need to sign would be with them & I'd be surprised if you couldn't do it digitally. When I have to sign anything with my Accountant in the UK it's either Docusign or if it's an HMRC form, a PDF that I edit to "Sign" it.

This would be a huge consideration as basically it would mean that instead of leaving it until the next Fiscal/Calendar year to bring (already taxed) income across, you would now have to bring it over in the same Fiscal/Calendar year as it was earned or you would be liable for tax on it again, even though you've already paid tax on it a previous year!

It was a Google Translate of the article in the Opening post of this thread. Just checked on Apple Translate & that shows it as 16/2556

Whilst the original article posted in the Thaiger (and other places) stated people from countries that have a DTA with Thailand will be exempt, the original statement from the Revenue Department quoted in the article makes no mention of this. Revenue Department orders No. P.162/2023 Subject: Payment of income tax under Section 41, paragraph two of the Revenue Code. For the revenue officers to consider as a practice guideline for inspecting and giving advice to those residing in Thailand. which has assessable income according to Section 40 of the Revenue Code In the past tax year Due to work duties or business conducted abroad or because of assets located abroad according to Section 41, paragraph two, of the Revenue Code The Revenue Department has ordered the following: Clause 1: Persons who are residing in Thailand according to Section 41, paragraph three, of the Revenue Code. who have assessable income due to work duties or activities conducted abroad or because of property located in a foreign country according to Section 41, paragraph two of the Revenue Code In the said tax year and brought the assessable income Entering Thailand in any tax year That person has a duty to include that assessable income in the calculation. To pay income tax according to Section 48 of the Revenue Code In the tax year in which the assessable income was brought into Thailand Article 2: All rules, regulations, orders, letters responding to consultations. or any practice that is contrary to or inconsistent with This order shall be cancelled Article 3 This Order shall come into effect for assessable income imported into Thailand from 1 January 2024 onwards. Ordered on 22 September 2023 (Mr. Lawan Saengsanit) Director-General of the Revenue Department Edit: Playing Devils Advocate you could argue that Article 2 could include the cancellation of DTAs, I don't know about other countries but Thailand simply has to give the UK 6 months notice if it wanted to cancel the TH&UK DTA.