Geir Rasch

Pension! 100k deduction on pension.

You forget the deduction of category 1: 50% of income, max 100k.

Depend on your deduction. If you are 65 year or older you get a deduction of 190k. This in addition to minimum deduction of 100k and personal deduction of 60k. There are more deduction if you provid wife and children and if you have life/health insurance. So it is minimum 350k deduction, may be more. Then after deduction there is no tax on the first 150k bath. Normal I would say that your yearly income in Thailand must exeed 500k before there is any tax to pay. Then the tax is progressiv, starting at 5% for the first 150k.

There is different system for US and Norway. What you describe is the normal rule for tax on salary split between two nations. But for pension there is a different system. The tax agreement betwenn Thai and Norway say that pension brought in to Thailand during the tax year can only be taxed be thai revenue dept. Then Norway must subtract pension taxed in Thailand from my total pension and calculate tax from the redused pension.

I have done that for several years now. No problem!

I think that most tax treaties say that only Thai government can tax pension brought to Thailand during a tax year for expat staying 180 days or more during a tax year. So when you pay tax to Thailand your home country must reduce tax by deducting your taxable income with what has been taxed in Thailand.

The hole case is reprehensible to a democratic state, but then, Thailand might not be?

I’m on a non-O visa, lived for 12 years. During this time I have travelled in Thailand and abroad many times. Never filed TM30 and never been asked for one. There was a time in early covid they demand TM30, but when asking imm. They said they did not want that extra work. What imm? I rather not say in case they did wrong and I do not want any changes.

Many years since I stopped filing TM30, can’t remember I ever did. I book rooms in my name, never had any issues with immigration about this.

Yes, if you dont show the pink card they will generate a different number for you. First time I paid tax I got a different number, but later I got it changed to the number on the pink card. So you can have same as pink card, or you can have a different number. Remember that your bank accounts must be connectee to your tax ID because the bank take 15% of interest i tax. With that number you can use that tax as part of your total tax.

If you have a pink ID-card, then that number will be your tax ID. If your country have a tax treaty with Thailand to avoid double tax, my guess is you then can pay tax to Thailand and get refund from your home country. My home country have a tax treaty with Thailand. That treaty say you should pay tax to Thailand for pension transfered to Thailand if you stay in Thailand for 180 days or more during a tax year. Personally I save a lot by pay tax to Thailand do to higher tax rates in my home country.

Every time this PM talk it gets more and more clear that this government tasks is not for the best of the masses, only for the few.

Being English or being fluent in English is not the same as being a teacher. I think to many English speaking people act as teachers in Thailand without being a teacher. Teaching is after all a profession.

And the instability and sporadic violence was part of the armys plan to take power. Other than Suthep there was not much instability and violence.

That is important information. I know some people who might get same problem with their 180 days if this is how Revenue Dept count days.

Not sure what you mean with tax-free capital gains. If that means that it is money never taxed, sure you should pay tax in Thailand. If the money is already taxed in USA I cant see how they will be taxed again in Thailand. This is money of a different world than what live in, so about this I know nothing. My consern is about pension and salary ????.

When immigration count your 90 days day 1 is the day you meet up, not the next day. So 180 days start when you enter Thaiand.

Anybody who makes way to much money may not be smart in any other subject ????.

Well, we may differ about his. If there is a tax treaty between Thailand and your country, that is to avoid double tax. Tax paid to Thailand for this year will be deduct from tax in your country. Savings from earlier years are finished tax in your country, so it would be double tax if it also was taxed in Thailand, and that is what the tax treaty are ment to avoid. So I do not think there will be any changes from todays practice. Time will show which of us are right ????.

Whatever a child must do, it is total unacceptable for a teacher to use violence. Such people should not be allowed to be a teacher. What is wrong with the teacher education in Thailans?

There is nothing new about this. Has been for many years: income you bring to Thailand the same tax year you earn it, is taxable in Thailand, savings is not. If there is anything new, that must be enforsing it. Some time ago I asked a person at RD why they didn’t cowork with immigration to ensure that foreigner (retired) pay tax. The answer was that few thai retired people paid tax, so they cannot use a more harsh practice for foreigners. May be that is about to change?

https://sherrings.com/personal-tax-d This is a good english page about tax in Thailand.

In the Thai-Norwegian tax agreement Thailand can tax any pensions transfered to Thailand the same year. It does not differ on different kind of pensions. The same amount will be deducted from Norwegian taxable pension.

I must correct myself: 0 - 150K = 0 150 - 300 = 150K x 5% = 7,5K 300 - 430 = 130K x 10% = 13K Total tax = 20,5K

The tax would not be 71.000, but 14.000. 65K x 12 * 780K. then you have a minimum deduction of 100K and a personal deduction of 60K. If you are retired and 65 years old or older, additional deduction is 190K.so your taxable amount will be: 780K - 100K - 60K - 190K = 430K. The first 150 is extemt, so you must pay 5% of (430K-150K) = 280K x 0,05 = 14K. With more deduction (insurance, wife etc) you can end up with zero tax.