jerrymahoney

Just thinking about him lately Mike Bloomfield here with The Electric Flag

3. ASEAN NOW is a privately owned commercial website. We reserve the right to remove or block any user, user created content or files from the ASEAN NOW forums for any reason and at our discretion.

Please post the link to that. :-) 5. You will not use ASEAN NOW to post any material which is knowingly or can be reasonably construed as false, inaccurate, invasive of a person's privacy, or otherwise in violation of any law. Topics or posts deemed to be scaremongering, deliberately misleading or which deliberately distort information will be removed. In factual areas such as news forums and current affairs topics member content that is claimed or portrayed as a fact should be supported by a link to a relevant reputable source. https://aseannow.com/forum_rules/

Thailand Tax – Foreign-sourced income to become taxable from 2024 It is also important to mention the taxpayer’s burden in providing proof of foreign tax credit. Where Thai domestic law is still silent about a foreign tax credit available for individual taxpayers under this circumstance, a provision under double tax treaties could provide relief from any double tax arising. However, the conditions, methodologies, and documents supporting the claim are still unclear. According to the Revenue Department, it will seek opinions from the stakeholders affected by the new rule and issue guidelines to provide more clarity. The plan includes an amendment of the personal income tax return form to facilitate the foreign tax credit claim. https://www.mazars.co.th/Home/Insights/Doing-Business-in-Thailand/Tax/Thailand-Tax-Foreign-Income-Taxable-from-2024

As a member of the 65k+ per month contingent, I got the marching orders way back on page 78: So I'm just waiting to hear the YOU FARANG!

I agree that self-appraisal and self-assessment may be the only practical solution. But then the Thai Rev folks have to acknowledge that there will be (I will be polite) fudging of opinions as to what deductions and exemptions to which some expats claim they are entitled.

Yes and re: Ms. Helmsley the Queen-of-Mean -- On August 30 (1989), Helmsley was convicted of one count of conspiracy to defraud the United States, three counts of tax evasion, three counts of filing false personal tax returns, sixteen counts of assisting in the filing of false corporate and partnership tax returns, and ten counts of mail fraud Following the appeal, which resulted in a reduced sentence, she was ordered to report to prison on tax day, April 15, 1992. She was released from custody on January 26, 1994, after serving twenty-one months. https://en.wikipedia.org/wiki/Leona_Helmsley

I agree. But seems to me at some point someone is going want to know how is it you have transferred last year e.g. 5 million baht into Thailand but have not filed any tax form. There will then also likely be a coterie of expats who will explain the DTA's and other exemptions to themselves whether they have them or not.

That's OK. He said that he is creative.

Yes -- Easy peazy if you have what you say. Some others do as well; some don't But in your post above you tell the IMM query your Thai wife is rich.

Presuming US Social Security is off limits, with the CURRENTLY available deductions on the remainder I would need to import, my Thai tax bill would be about $US 100 per year.

Great. Let's see HER taxes.

Agreed. I was just too lazy to go find it. And any time someone says (To wit) You with the 65k monthly boy are you going to be in trouble I react impulsively.

Thank you . I will. I know that this is important info for some or many but not for me.

And so what? At least they wouldn't have (many) questions as to what or where is the money that I use to live on.

With kudos to Mr. Lister, I have two sources of current income: US Social Security and what qualifies as an 'annuity' under Article 20 Paragraph 3 of the Thailand-US DTA. That's it. And the annuity is already on record with Thai Immigration via a source-of -funds letter for 65k+ baht per month retirement extension purposes. All this what year was your income stuff or capital versus savings or other gains or inheritance is foreign to me. And to those who might have to prove a convoluted source and timing of funds to qualify for exemptions and/or deductions, good luck to them. Not my problem

Not my problem. Immigration already has all my bank info and remittances and has for 4 years now.

Bribe.

Well at least as of right now, all the inter-connecting links that you list as to how someone might be found out, don't exist. I have mentioned before that one reason I do not use an agent for extension is the US Foreign Corrupt Practices Act. I know that really doesn't apply to me, but I choose to follow it in spirit anyways. Especially since my first real interaction with a foreign government was with the Chinese Agricultural Ministry. https://www.justice.gov/criminal/criminal-fraud/foreign-corrupt-practices-act

And as I have said, onus on the individual or not, there will likely be expats that, if they think they can get away with not filing, and do things like only using ATM withdrawals and other under-the-radar approaches, they will.

So the big question as I see it is -- When will anyone, for any reason, be told by someone in a Thai position of authority: You need to file a personal income tax form/return, but you didn't.

One of the few certain things right now is that, if you spend less than 180 days in any year in Thailand, you will owe nothing as you are not a Thai tax resident.

REDUX According to the Revenue Department, it will seek opinions from the stakeholders affected by the new rule and issue guidelines to provide more clarity. The plan includes an amendment of the personal income tax return form to facilitate the foreign tax credit claim. https://www.mazars.co.th/Home/Insights/Doing-Business-in-Thailand/Tax/Thailand-Tax-Foreign-Income-Taxable-from-2024

Whether I agree with you or not, this whole tax scheme as it involves expats, as opposed to Thai citizens, will only be successful if there is some downside recourse to not complying truthfully and completely.

I agree. And my income is already reported per monthly to Immigration. But my faith in these type matters regarding the expat population in Thailand as a whole is way down when a common attitude is "Catch me if you can."