jerrymahoney

Well maybe there will be some reaction from the US Embassy - Bangkok if/when the Thai RD says NUTS! to your US-Thailand DTA and we will be taxing all the US Social Security monies brought into Thailand regardless of SS being specifically exempted (only can be taxed in issuing country) in Article 20 of that silly DTA.

So in the Thai Examiner article linked in the OP, it contains this Thai image as below. Does the Thai guideline (?) actually say as in the OP: Also exempt will be those who have been taxed in a foreign country that has a standing Double Tax Agreement with Thailand.

... not to forget the Trilateral Commission.

Monaco. Sounds nice. Maybe I can rent an apartment near my yacht.

'Questionable insurers' is being polite. Some insurance that some use on here has been frequently and recently been referred to as a scam or an unsustainable business plan. In my case at least, I have a life insurance policy in Thailand that has a very nice medical rider available which can kick in up to the age of 90. ... such is part of my due diligence.

A large component of regularly posting knowledgeable people are 'self insured' i.e. they have no insurance.

For anyone who wants to remit IRA funds to Thailand. But that ain't me as I wrote.

OK I missed that on IRA. Why is it bad news?

ARTICLE 20 Pensions and Social Security Payments Article 20 deals with the taxation of private (i.e., non-government) pensions, annuities, social security, and similar benefits. Paragraph 1 Paragraph 1 provides that private pensions and other similar remuneration paid in consideration of past employment are generally taxable only in the residence State of the recipient. The phrase “pensions and other similar remuneration” is intended to encompass payments made by private retirement plans and arrangements in consideration of past employment. https://www.irs.gov/pub/irs-trty/thaitech.pdf

Yes and from PwC: Individual - Foreign tax relief and tax treaties Last reviewed - 12 July 2023 Foreign tax relief Foreign taxes cannot be taken as a credit against Thai taxes unless permitted under a double tax treaty (DTT).

Thanks Mr. Australia.

Fearmongering is when you enjoy getting a rise out of someone for something you post that may or may not be correct.

All I will say is that IRA is not specifically mentioned in US-Thai DTA technical manual. https://www.irs.gov/pub/irs-trty/thailand.pdf Personally, I will only be taking minimum required distributions from IRA as it is available as payable-on-death no probate to my Thai wife.

All my income qualifies under Article 20 US-Thai DTA and cannot be taxed in Thailand.

20 years full-time in Thailand including 16 years on extension via retirement 65k/month method and I have yet to file any tax return. Obviously only 3 years so-far on the full bank account detail method -- via US Embassy affidavit prior to that.

Well non-state employment related pensions are on the US-Thai DTA as I noted in case some Yank was casually reading this and not aware of the minutia. But as long as there is some hiatus here, I would just like to note I have been on the receiving end of 2 doomsday scenarios: 1. Immigration Officer: "You farang -- you have retirement income of 65k per month. Show me your Thai tax return for your visa extension of stay showing that you paid tax on income of 65k monthly. 2. Be careful mate. That will bring you to their (RD) attention. ... and it is always better to not get noticed by any Thai Govt person or office. I wish you scaremongers were better coordinated.

He was also referring to non-state pensions.

Early morning edit: Private employment related pensions is 1. in US-Thai DTA.

See 3. (click jpg to enlarge)

Halloween is coming up -- is this your practice?

Thanks for that.

Yes it seems you went to the RD to ask about your particular situation. I may go to the local RD office here and do the same rather than waiting for the lawyers and chartered accounts to offer their "it depends" opinion.

Yes I read the BP opinion peace this AM: It clarifies that the those retirees, among others, need clarification of double taxation and other issues so they can make their plans on the government's forthwith clarification among other issues that need to be clarified.

So sometime next year I maybe will take me Social Security statements and my Thai bank statement showing that 100% of my deposits are covered by the SS to the local Thai RD office and ask: Do I have to file?

So if e.g. you receive 50,000 baht per month in US Social Security and that is 100% of the money you transfer to Thailand as a monthly deposit in a Thai bank, there is no need to file a Thai Income tax form.