NoDisplayName

Huh? Bank interest is Thai-sourced income. Taxed at source. Absopostively assessable. You can exclude it from your tax return if not claiming the deduction. It's already been taxed, so does not need to go through the process again. To claim the refund, you simply enter the amount earned and the amount withheld in the appropriate blocks........on the tax form. Hmmmm..........interesting how they put the option to remove the already taxed income from the total prior to the PIT calculations. Fascinating.

It should not be a major story in Expat news circles, because it does not affect the vast majority of Expats. It only affects Expats that remit ASSESSABLE income into Thailand from overseas. Given that the vast majority of online Expats affected are living day-to-day on a meager non-exempt assessable pension, subsisting mainly on mama noodles, it makes you wonder why Thailand enacted it, in the 1st place. * There will be some Expats outside those that have gotten their finances in order.

Or.........remit only NON-assessable funds. Then you don't need to file a return, and you don't even need a TIN. You don't gotta do nuttin'!

The person that moved USD$300,000 into Thailand, without a plan? and stuck it in a Thai bank for nearly a year? with only one million baht protection? earning 0.5% interest? with 15% tax withheld on that? and doesn't utilize one of the useful visa options? That fellow deserves to pay a 25% stupid tax.

The ICC says...........ah, never mind.

Shirley, it must have been provided.........just below the paragraph where they stated that all non-assessable remittances must be declared on a Thai tax return because of CRS rules followed by Kenya, and making US social security assessable income in Thailand. Didn't you see the big, bold notice where the Thai embassy provided detailed instructions on how to deduct exempt income on the tax form with the specific procedure to take a foreign tax credit? Oh, wait............maybe they meant to consult Youtube videos posted by any random tax agency that clickbaits potential clients by using a web address disguised as the Thai Embassy!

Not only is there a genocide, but deluded supporters are permitted to deny it publicly.

Sure, but he made up for it by resuming the delivery of 2000-lb bombs to complete the genocide of gaza. Priorities.

The money has been sitting in your bank account for fifteen years. Where was the money 31 Dec 2023?......Sitting in your account, cash in the bank. Nothing remitted in 2024. Nothing to declare, nothing to tax. Bank has been withholding interest at 15% for 15 years. Why not file a null return for 2024 and get your withholding tax refunded. While you're at it, you can file 2022 and 2023 and get that tax refunded as well. You'll pay a 200 baht fee one time for the late filings. You'll need to provide bank withholding statements for each year, available from your bank free of charge. If you're notinthailandtoomuch now, file when you arrive.

That only applies to Thai social security payments. Foreign social security and foreign pensions are covered under the DTA's. They don't say that.

Should be fine on pavement, if you don't hit any potholes or rocks. Won't be comfortable though. Wider tires will be cushier. Goggle the specs for the rim, that should give you the max width. Hopefully, more like a 700x35 or even 38. Pick a tube (they usually come with a size range) that matches the tire. Should be stamped on the tire sidewall. As to the pump, is yours rated for high-pressure? MTB type won't pump up the thin, HP tires. I suppose a 12v plug in for 38psi car tires would struggle, as well. If you had a rim drilled for shraeder, you could get an insert adapter to use skinny presta tubes. It's possible to drill out a presta rim for shraeder, but....... That should be the stem length. Rims come in a variety of shapes, with the aerodynamic v-type requiring a much longer stem.

Look, it's a brand-new, 3-hour old video, the man is wearing a gold watch and a fancy jacket, for CRS-sakes! You have to want to believe. Otherwise, you might mention that the TRD website still lists the single payer allowance is 30K...................

I'm assuming only foreigners, and that Thais in foreign countries or with foreign accounts will have to identify their Thai tax jurisdiction on the CRS forms from the foreign financial institutions. My wife did not receive that email from Kasikorn, but she did have to fill out a W8-BEN, and I a W-9, when we opened Schwab Intl accounts last week.

Well, now we're all screwed! According to a fresh video released 2 hours ago from a recognized legal beagle source, we now will all have to get new TINs in order to file taxes! Yes, the TRD requires taxpayers to get a 10-digit tax ID number. He says it right there at 2:06 in the video. Plain as day. Friggin' TRD, changing the rules in the middle of tax season! I din't believe it at first, but gosh, it's a video on U-Tube, and the tax-spurt is wearing a jacket. And just look at that fancy tax-free watch! Could this be yet another CRS requirement? Personally, I think they made this latest change to correspond to the new 2024 tax forms expected any day now.

Because you..........have...........NOT..............filed. You are giving advice based on some rando underling giving you false information. You're claiming refunds your non-assessable tax credits can't cash. So, before you continue to give incorrect advice, why don't you head down to TRD and put your non-assessable remittances where your mouth is!

I've done 6 filings now, 1 in person, 5 online. Only documentation that has been requested has been for Thai bank and dividend withholding statements, and that because I was requesting a refund of withholding tax. I never, ever claimed any foreign source income, assessable or non-assessable. I gave the TRD lady a list of my remittances (Wise) last July. She asked if salary or pension, I said savings, she said no need file. No documentation needed. I can only speak from my 'sperience, that being documentation is needed when requesting a refund, but would suspect supporting documentation for simply claiming assessable income should not be necessary.....only if applying for refund or tax credit. Maybe she was trying to scare you off?

And tell us the results of your tax filing that includes non-assessable income in your PIT calculation, m'kay?

Not necessary. I'm shirley, not offended.

The bemusement might be that you are likely the first person ever in the history of the multiverse to submit ATM receipts and credit card statements when filing a null tax return. Just keep it simple, since your situation actually is. Your taxable monies are all from assessable pension and dividends remitted throughout the year. They don't need details of each individual transaction. Simply provide total assessable pension remitted, and total assessable foreign dividends remitted. You could supply a spreadsheet with all the amounts remitted if you choose, but don't indicate HOW they were sent -- just date sent, $ amount sent, and baht received. If they want more info, they'll ask. All that really matters is the total, as the individual transactions won't be entered on the tax form. And that won't be needed unless you're audited, which is unlikely. They're not going to question someone claiming assessable (taxable) income. After all, they don't question foreigners filing returns with zero declared assessable income. Here's the drill: -enter assessable pension in the (derived from) income block. -enter assessable dividends in the foreign company dividends block. -check the 60K individual allowance. -enter (50% up to 100K) in the pension allowance. -enter 190K on the allowances form if over 65 or handicapped. (separate paper form, but automatically rendered online) Run the calculations, tax due should be zero. Sign it, hand it over or push the "submit" button online. ***OPINION ONLY. NOT ADVICE.***

Strawman?

The only thing that changed is that hundreds of thousands, perhaps millions, of Thai citizens and foreign tax-residents have filed their 2024 tax returns omitting declaration of NON-assessable remittances. How 'bout you, hmm?

Reading comprehension. Eight months ago was July 2024. Last time I checked, 2025 was not Maybe try reading posts before replying. Similar concept to watching entire videos before posting a quote-mined cherry you've picked. As soon as you file your return.

You want examples? I have 2016, 2017, 2018 filings in Bangkok, none listing non-assessable remittances, all approved and refunded. I have 2021, 2022, and 2023 online filings from eight months ago, none listing non-assessable remittances, all approved and refunded. I have my 2024 tax return filed online three weeks ago, not listing non-assessable remittances, approved, with refund pending upload of bank withholding statement. YOU have an incorrect, penciled-in "draft" of a tax form from an uninformed underling in a backwater tax office, that you won't be able to file online, as the system will reject it as defective. Much like your arguments here have been rejected as defective. Come back after you've successfully filed a tax return, declared your exempt/non-taxable/non-assessable remittances, deducted your exempt/non-taxable/non-assessable remittances in the non-existent space, claimed your foreign tax credit in the non-existent space, Or you can continue to cherry-pick and quote-mine YouTube videos you think support your crusade, and wait for those new English forms to emerge from the quantum realm 12 parsecs before completing the Kessel Run. Good lucky.

My Thai brokerage wants a new FATCA-related IRS Form W-9 every January.

Well, he can list his non-assessable remittances on his Kenyan tax return, in accordance with bizarro world CRS rules. In Thailand and Singapore, we don't declare non-assessable remittances. But that is all speculation. The poster of which you speak has only ASSESSABLE income to declare. He can declare it on the tax form in the prescribed location under section 1(1), on the form, income derived from employment, he can take his 60K deduction, on the form, he can take his 100K pension allowance, on the form. He can pay his tax by bank transfer from within the system while filing. Fortunately, the poster did not pay tax on that pension in his home country, else he'd have a tax credit with no place on the form to claim it. Dodged a bullet there! He can't file in CRS land without a Kenyan tax ID number, and those are difficult to attain without being a certified Nigerian prince.