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If you asking whether the total gains+losses is the figure used for determining tax on assessable remitted income, the answer is a definite NO. Only gains are considered, any losses are invisible to the system. This is a big reason why worldwide taxation will be such a huge problem. Other countries allow losses to offset gains, tax loss harvesting, or selling to repurchase to reset cost basis, are methods to reduce taxes at home which will greatly increase the tax burden here. Capital gains from sale of foreign stock are taxable. Capital losses from sale of foreign stock are disregarded. Losses do not offset gains. If these are Thai stocks held in a Thai account, then irrelevant. Capital gains from SET stocks are not taxable.

Hope for the best, plan for the worst. Your method is sound. Thailand - Hub of Ambiguity!

I don't see it. The law is clear, at least on this point. Going forward, tax residents are liable for tax on income earned from January 2024 when remitted while under tax residency. Non tax residents are not liable for tax on remittances regardless of when income was earned. Practically and technically, taxing non tax residents on remittances requires a major change in the law.

That will be true for non-wealthy American expats as well. The IRS has established rules such that a single taxpayer may earn up to $60,000 per year (approx) in passive investment income and pay zero tax. These rules do not apply when filing tax returns with TRD, nor does Thailand allow capital losses to offset capital gains. A US citizen faithfully following IRS regulations could be liable for annual tax liabilities of $10,000+ if tax resident in Thailand under a worldwide tax system...........and no tax credits available. The current change to remittance taxation is manageable as tax resident. Worldwide income is not.

How did you come to that realization? In a year in which you are tax resident, you MAY be liable for tax on assessable income remitted to Thailand. In a year in which you are NOT tax resident, you are NOT liable for tax on any funds remitted to Thailand. Does this imply that NON tax residents may be required to file tax returns and pay tax on remittances? I'd need a citation if your claim were true, as if one exists it would be a real game-changer.

No tax evasion. US Sociable Security is not assessable. You set up a new/separate bank account to receive the funds, then remit them to Thailand, avoiding co-mingling with income streams. That provides a clear paper trail, if ever needed, to show that specific remitted funds were indeed excluded by DTA. You're opening a second bank account to deliberately SHOW non-assessable income to the taxing state (TRD in this case).

Right, that was at the bottom of page 2. Still have the two items on the first page where it appears that exclusion can be applied. Items 1 and 2.

Stay away. You've got a combination of Thai male inferiority complex, Thai male group dynamics, and Thai male alcohol abuse. They no likey foreigner, want to damage something that has value to you. Lucky it was only the guitar that was smashed. Next time you might see the kid with a broken arm or the mother with a black eye and busted jaw. If so, the rest of the family will blame you.

For PD90 in Thai, first page กรณีผู้มีอายุตั้งแต่ 65 ปีขึ้นไปให้กรอกใบแสดงสิทธิฯด้วย In case of persons aged 65 years and above, fill in the certificate as well.

This might help - Item #6 on the list of English forms. Income Exemption Entitlement Form to be used with ภ.ง.ด.90 for the year .... https://www.rd.go.th/fileadmin/download/english_form/2023/22036765year.pdf Page 1, under the title are two boxes, check the one on the right: Taxpayer (Including Disabled Person and Disabled Person who is a foreigner) 65 Years of Age or Older Now scroll down to the bottom of page 1 and also page 2. * Accumulated income exemption for disabled person or disabled person who is a foreigner under 65 years old or taxpayer over 65 years old (including disabled person and disabled person who is a foreigner) from all types of income must not exceed 190,000 baht The asterisk shows up in a couple places on the form. No. 1 Assessable Income Under Section 40 (1) (2) 1. Section 40 (1) Salary, wage, pension, etc 2. Less exempted income* There are three columns No. 2 Assessable Income Under Section 40 (3) Assessable Income Exempted Income* Income after deduction** of exemption to be filled in ภ.ง.ด.90 And then later on page 2 For No. 9 taxpayer has two options to pay taxes: 1. Where opt to include with other income, fill in the amount after exemption* in ภ.ง.ด.90 No. 7 7. 2. Where opt to pay taxes at a rate of 5 percent of the income, fill in the amount after exemption* in ภ.ง.ด.90 No. 9 And in this case would be deducted from PD90 ???? No. 7 Assessable Income Under Section 40 (8) Balance 7 or No. 9 Income from Gift (where opt to pay taxes at a rate of 5 percent on the amount which was not exempted under Section 42 (26) (27) (28)) ...........maybe?

"Hub of Whirlywinds"

That won't solve the problem. We need GPS tethers allowing for only restricted movement without official written application to move location submitted to appropriate authorities. Tourist landing and departure taxes must be raised to fund additional BMW smart cars.

Guide to Personal Income Tax Return 2023 (ภ.ง.ด.90) https://www.rd.go.th/english/65308.html I plan to forever remain in the assessable income < 60,000 camp, however I shall continue to spend 20 minutes each year filing online for refund of tax withheld.

Target is western ex-pats in Thailand now furiously researching tax treaties between Thailand and Vanuatu.

If you want to file online, then your pink ID number must first be registered in the system. Our district office was unable to do this, office manager had to contact provincial tax office in Korat. Otherwise, trying to log in to file tax or to set up an online account with TRD e-file will result in an error message. Maybe paper returns filed in person would be accepted.

Yes. Yes, it does. Back in January, this issue was still fresh with little real-world experience. Now we have multiple instances of expats visiting their tax office and being told that filing is NOT required given their unique circumstances.

The title was sculpted specifically to entice clicks from the legions of ICE devotees, providing confirmation of their presuppositional biases. It guarantees future traffic, as this article will be linked to in online debates as proof that EV's are dying.

You are referencing posts nearly half a year old. I did attend my district tax office a couple weeks ago to update my TIN card with a new address, but was informed that I now have a pink ID and use that number when filing tax. Wife and I asked about filing tax for 2023. Thai income about 6K baht (interest & dividends), remittances 310K baht. Tax office lady asked if remittances were salary or pension. When told funds were all prior savings, she responded that we do not need to file, that it was optional if we wanted to apply for refund of tax withheld. We did not demand a written statement signed and stamped by the tax official on department letterhead. No supporting documentation was asked for, but this amount was close to our exemption threshold. No opinion on whether a different officer in a different office with million-baht remittances would result in same outcome. This all relied on self-assessment of remitted funds. The term "savings" in this case refers to funds held outside Thailand (in whatever form) prior to January, 2024. Definition of "savings" has been covered in sensei Mike's other threads.

Your pink ID is your tax filing number. Visit your local tax office to have your ID number set up in the e-filing system. Help line 1161 may be able to assist with that. Set up your account https://efiling.rd.go.th/rd-cms/ File returns https://efiling.rd.go.th/rd-efiling-web/login You can file online 2023, 2022, 2021. Simple returns are, well, simple. You self-assess your remittances. If not assessable, then not entered. No document upload required. You enter your Thai income and tax withheld. You enter the payer tax ID (bank or broker) you received income from. You can request a refund, but only 2023 will be paid (afaik) by check mailed to your home address. If no tax due, then no late filing fee for 2021 and 2022. A 2023 return receiving a refund is charged a 200 baht late filing fee, paid by bank transfer within the system when you file. When accepted and approved (immediate for 2021 and 2022, next day for 2023) you can download final version of PD90 and tax receipt. YKMV

Can't we start with something a little more, well, realistic, if not achievable? Let's try for "Hub of Maintained Sidewalks" and if all goes well we can shoot for "Hub of Sewer Drains Actually Connected to Sewers."

Biden received five student draft deferments and a medical exemption Born in November 1942, Biden came of age amid the Vietnam War. But unlike millions of men of his generation, he never served in the military. Biden received five student draft deferments, first as an undergraduate at the University of Delaware and later as a law student at Syracuse University. And after a medical exam in April 1968, he received the "1-Y" classification, which meant he could only be drafted in a national emergency. https://www.usatoday.com/story/news/factcheck/2020/09/16/fact-check-biden-received-multiple-draft-deferments-vietnam/5809482002/ Gosh! If only Beau hadn't been consumed down to his erect leg hairs by cannibal cornpops in the battle box! Then we'd have a real contest.

He joined the Marines in 2003 and served as a combat correspondent – or military journalist – until 2007, Vance was deployed to Iraq for six months in late 2005. Based on his memoir, he would “attach to different units to get a sense of their daily routine,” escort civilian press, and write stories about individual marines. https://www.usatoday.com/story/news/politics/elections/2024/07/16/was-jd-vance-marine-military/74411600007/ He was deployed to Iraq as a combat correspondent for six months in late 2005.[13][14] There, he was assigned to the Public Affairs section of the 2nd Marine Aircraft Wing.[15][16] About his service, he commented that it "taught me how to live like an adult" and he was "lucky to escape any real fighting" https://en.wikipedia.org/wiki/J._D._Vance

Technically, yes.....he is a veteran according to the VA. a veteran is defined as anyone who served in the active military, naval, or air service and was discharged or released under conditions other than dishonorable. But no, not in the contemporary meaning of the word when used with the general public. He was not a warrior, he saw no combat, he never fired a shot in anger. He was a "military journalist" charged with writing patriotic propaganda puff pieces and shuttling VIP's around.

Sounds nice, but........ To qualify, applicants must demonstrate financial stability with a minimum bank balance of 500,000 THB and pay the required visa fee upfront. Still have to show 500K in a Thai bank. Does this have to be maintained at a certain level throughout life of the visa, and must proof be provided for extensions? Shirley, not at border bounces. Proof of employment with a registered company is mandatory and verifiable, ensuring eligibility for digital nomads and remote workers with appropriate documentation. The list of registered companies has not yet been provided, nor do we know what "appropriate documentation" will be needed.

That's if you stay in Thailand no more than the included 180 days. If you extend........................you've become a tax resident.