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Tax resident, remit assessable income after Jan 01 2024, it is assessable income, is included on tax returns, figures into PIT calculation, and is potentially taxable. Tax resident, remit non-assessable income after Jan 01, 2024, it is non-assessable, is not included on tax returns, does not figure into PIT calculations, and is completely exempt from taxation.

The way the game is currently played is the reverse. How would TRD know you have assessable income unless you declare it?

That seems to be about it. Few reports, if any, of anyone being questioned on that and having to produce documentation. For most instances, when the TRD lady asks if your remittances were "salary or pension", you say "savings" and that's the end of it. This is a new world order now, and Kenya has signed up for CRS, so who knows what will happen. Someone remitting a million baht every two months might somehow get on the TRD radar, and be questioned about their null tax return. At that point, they may need to provide more than their assurance that it was prior savings. Hasn't seem to have happened yet.

QA sessions are necessarily generalized. Wouldn't the assessability of retirement accounts depend on specifics? Blanket statements from Interviews on stage, off-the-cuff, can't cover all the possible factors. Regular IRA's are pre-tax contributions, so never taxed at source, but the withdrawals are taxable. Wouldn't you at least have a potential tax credit, even though you can't apply it on a Thai tax form? Roth IRA's are post-tax contributions, with tax-free withdrawals, so you do have a cost basis you can separate from gains, potentially making only the gain assessable. But then, I've converted my standard IRA to a Roth, so where does that stand? I'm not a tax advisor, nor have I stayed at a Holiday Inn Express recently.

You mis-spelled "remit assessable income"

Don't need to, unless audited. And that's a rare occurrence, indeed. Only two accounts on this forum, one was previously working in Thailand and stopped reporting, the other was running a business. Thailand taxation is an honour system. We self-determine which remitted income is exempt, non-taxable, non-assessable. We only declare non-exempt, taxable, assessable remittances (and Thai source income of course) on our returns. Exempt, non-taxable, non-assessable remittances do not appear on the forms, do not factor into PIT calculations. Unless you've actually filed a tax return declaring non-assessable remittances and lived to tell the tale...........so, umm, just how DID you deduct your non-assessable income from the calculations? Oh, I see. You still haven't filed. You're speculating.

Nothing to prove. It's not a remittance on this year's tax return. It's been cash in the bank for many moons.

Yes, of course. Your money in a Thai bank has interest tax of 15% withheld at source. You may file a tax return for a full refund (depending on other income amounts of course).

Yes. When I applied for my TIN in Bangkok in 2016, the tax lady mentioned that remittances might be taxable, to include the 400K/800K bond we deposit for immigration. It's just a remittance and goes into our own account, not transferred to anyone for anything. I told her it was from savings, she said not taxable, but if current income it could be.

It's an infotainment commercial. Note their disclaimer. ⚠️ DISCLAIMER: The information in this video is for informational purposes only and is not intended as professional tax advice. It provides general guidance on tax matters and should not be the sole basis for making personal tax decisions. Tax situations vary greatly, and tax laws may change. We strongly advise consulting with a qualified tax advisor for your situation.

This video seems awfully familiar, especially the second half. Yes, this clip was posted a couple hours ago, but I'm almost shirley that CRS guy posted an excerpt from it several days ago. This is just a longer clip from the same interview.

Good news! Individuals that have received expensive watches, no matter how many, as gifts, do not have to pay tax. Individuals who later sell those expensive watches, no matter how much they receive, do not have to pay tax. That's convenient.

and at 17:15 after white shirt details the four types of income (out of eight) that black jacket touched upon, foreigner guy says "So if all of these are remitted and transferred into Thailand, then after the (yes, yes) first of January [unclear] income, then they potentially have to file, like if it's assessable income, they potentially, depending on the double tax agreement, and (yes, yes) things like this."

Be careful with that there video. I noticed at first that Expat Tax turned off the comments. Why would they do that? Usually when they don't want to be annoyed with facts that would drive away potential customers. Later I noticed that the translations and/or subtitles are not all correct. The subtitles appear to be AI generated and do not match what is said due to poor pronunciation. Example at 15:39 Subtitle: "..excision for the high tax residence..." Speech: "...(unclear) for the Thai tax residents..." I can't say about the translations, but.............

But it says right here, only use assessable funds in the PIT calculations! Yebbut, Kenya joined CRS!

Is it? I was shirley 60K filing single, 120 filing joint. Isn't that 220K a joint filing with the 100K pension allowance included? But I'm not an expert, although I have filed....late, early, and often.

Not taxable = non-assessable.

Some semiconductors and a few random bits are produced in Taiwan Province and Souf' Korea, shipped to China where the world's factory produces most of the device components, assembles them, packages them. Then shipped to America for consumption. Only thing Americaland provides any more is the label, and extraterritorial taxation.

So Apple and others should be filing taxes in China where most of the value is created? Is this another of Trump's fun and easy to win trade wars?

China already has Harbin. No need Gleenrand.

Do you remember this from page 20? On 1/18/2025 at 9:43 AM, The Cyclist said: If they do remit foreign income into Singapore, some of it is taxable and some of it is not. I think you would have to declare it, to be on the safe side of what is taxable and what is not taxable. So just how does squeaky-clean Singapore comply with (geeze, not this again!) CRS? Generally, you do not need to pay tax or report overseas income received in Singapore, including income deposited into a Singapore bank account. However, you would need to pay tax on overseas income for the scenarios below. Overseas income that you pay tax on 1. You receive it through partnerships based in Singapore. 2. Your overseas employment is related to your Singapore employment (e.g. you need to travel abroad as part of your job). https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/what-is-taxable-what-is-not/income-received-from-overseas How dues CRS (and FATCAT) affect individuals? "your financial institution will ask you for information on your jurisdiction of residence for tax purposes,". https://www.iras.gov.sg/taxes/international-tax/common-reporting-standard-(crs)/basic-information-for-account-holders-of-financial-institutions I understand reading past the headlines is difficult, so try this official pictograph. https://www.iras.gov.sg/media/docs/default-source/uploadedfiles/pdf/iras-crs-brochure-(1pg).pdf?

Is this the one with the clickbait website masquerading as the Thai Embassy?

Sweetheart, 'twas YOU that posted the legal beagle video where the experts agreed US sociable security is non-assessable, and if that is the only remittance, then no TIN needed, no need to file.

If time not a factor, three bus companies run hourly from Chattuchak to Korat. Cost around 250 baht. I can't confirm, but I think the new red line stops at Don Muang and Chattuchak station.

Obviously run by our reptilian underlords from their secret base on the darkest side of the moon, accessible only by Trump/Musk's stargate installation, beyond the great ice wall buried underneath the golden Illuminati pyramid disguised as Santa's workshop by Harry Potter's cloak of festivus, and guarded by a battalion of Oompah-Loompahs in rainbow leotards.