jerrymahoney

Do you think Revenue would just be saying to Immigration: Please?

What is oft posted on here is that the agent set-up with Immigration allowing expats to bypass IMM 's own Police Orders -- that specifically require a Thai bank account -- involves just too much money to ever go the wayside. Except for one thing: The Revenue Department may soon have a dog in this hunt, as the Texans say, and right now, Revenue is not getting any of the money that could be taxed against those bank accounts, tangible or otherwise.

If the revenue folks really wanted a tax filing every year for the past 10 years they could have stationed an RD investigator at every decent size immigration office to buttonhole farangs as to whether they have submitted their annual tax form. And then they could have modified their system to identify those with extensions of stay but are 'excused' from ever showing up at immigration offices.

My financial plan -- 01DEC2023: deposit via SWIFT FTT 65K+ baht for extension of stay via retirement 02JAN2024: deposit via SWIFT FTT 65K+ baht for extension of stay via retirement Deploy DTA when and if necessary if possible Feliz año nuevo to y'all

https://sherrings.com/personal-tax-deductions-allowances-thailand.html click on PNG to enlarge

Other (b) No problem being involved in graft, be attached to an agent

Th simplest answer is that if age 65+ you get a 190,000 baht deduction and the first 150,000 baht for everyone is 0% so 340,000 baht. Then you get into if/then territory

So unless you are doing it for extension purposes, I don't think it makes a big difference if you show monthly FTT deposits to a Thai bank just that there is an annual amount.

What I think is that expats with straight forward government or private pensions where a reputable plan administrator can provide an annual statement maybe not be any big trouble. For those with more convoluted type incomes things, maybe more difficult.

All you would have to do is to stay ex-Thailand 4+ more months after your Brazil sojourn and you won't be deemed to be a tax resident.

I have done that for 4 years now with the FTT 65K+ baht monthly transfer and source-of-funds letter for the retirement extension of stay. Maybe have to get the thing(s) translated. If there might still be taxes to be paid, might only be about $US 100 per year after all the available deductions for this age 65+ guy.

That's why they are sneaky.

Because there would be 2 types of expats not filing: Those who would not be filing because they are below the minimum assessible income filing level and those who just do not file regardless because they consider themselves below the Revenue radar. i.e. the earlier topic: Living in Thailand using only ATM money for more than 6-months - tax consequences

... or repeatedly ponder the question: "How will they ever find out if I ..."

Sure but who would be a 180+ day tax Resident in Thailand who does not deal with an IMM office for extension of stay or deal with IMM at an entry point every 90 days on a one-year multiple entry visa except <self-deleted>.

I will guess this may be what happens in Thailand especially if the Form is modified to show 'Credits' (as per Mazars report) including non-assessible foreign-sourced income and some explanation why it is non-assessible. Else one could have 2 million baht foreign-sourced annual income deposited in a Thai bank account and claim no report required as it is non-assessible income. Scouts honor. Trust me.

If you feel the need to hide your ATM transactions then I guess a Joe Biden mask is as good as any.

Great. I will have my Thai girlfriend make the ATM withdrawals. Or wear a facemask So it would look that you would not just using foreign-sourced ATM withdrawals to avoid taxation but you would maybe feel the need to obfuscate those ATM withdrawals to evade taxation.

Guide to Personal Income Tax Return 2021 (ภ.ง.ด.90) For taxpayers who received incomes not only from employment https://www.rd.go.th/fileadmin/download/english_form/030265guide90.pdf

Howzabout with facial recognition -- every ATM machine in Thailand has a video recoding of the transaction ( I believe) And Immigration has phots linked to passport from their offices and at the airports of entry.

So this topic has morphed into, if and when the Thai Revenue regs, as hinted in the recent AMCHAM seminar is possible, require that ATM and credit cards as foreign based transactions are in fact reportable as income, how not to report them.

Well no problem, Ms. Sheryl. But I did not write that; I was just responding to someone who did.

So 12 years saving 1.2 million baht or average 100,000 baht per year going back to when you were still in your age 40's. Pretty expensive stuff. But as I have written before, coming up with an annual premium for insurance I can handle but my finances are such that coming up with a big lump sum payment for a major medical event would be difficult at best.

So some of it is factual information and some just plain entertainment. And some, as I noted, since President Bill Clinton put the US-Thailand DTA into force, we can just argue about what the meaning of 'is' is.

I'm not a mod. If they want to close it, no problem for me. But there are also parallel topics like living solely off ATM withdrawals or declaring oneself as a Thai wife's dependent (?) with no reported income.