
NoDisplayName
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Depends which conspiracy theory they're discussing. Covids was a thing. My wife and I were stuck in China for a few years, unable to return to Thailand. No hysteria in our part of China. We had a temporary "lockdown" that lasted all of two weeks. Just meant one person per household could go out daily to buy necessities. Of course it only affected those living in apartment complexes with gate guard security to enforce it. There were mask requirements in public spaces, but no government requirement to get vaxxed. That may have been required by employer, or for travel, but not mandated for everyone. We got the Sinopharm old-fangled vaccine. No mRna. No random strangers collapsing in the streets. But we maintained a stash of commodities, just in case....
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US social security is excluded by DTA. It is not taxable, not assessable, not to be included in PIT calculations. If that is your only income remitted, you do not need a TIN, you do not need to file. Tax ID, or completed return, or tax clearance certificate required at immigration for extension purposes is all speculation at this point. Possibly for extension some day, under some specific situations, but certainly not for visa application.
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Ummmm...................yes, it was directly answered. At 10:30 in the video, we were told we assess our remittances ourselves. Around 17:30 your experts said expats potentially had to file, but that depended on their DTA's. Then the money shot came at 28:00, where the actors clearly informed us that if remitted income was non-assessable, we don't need a TIN and we don't need to file, and that we file ONLY if assessable remitted income is over the 60/120 threshold.
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Not a bad plan. I filed three years late returns, and this year's. No assessable remittances to declare, so zero foreign income to claim, AND I got bank/dividend withholding refunded. Now I have a four-year history of accepted and approved tax forms omitting non-assessable foreign remittances. It's no real bother. It's just another facet of expat life in Thailand. Once a year, spend half a day at immigration getting an extension. Three or four times a year, take five minutes to file an online 90-day report. And now the first weekend in January, spend ten minutes to file my annual FBAR, then 20-30 minutes filing my Thai PN90. When I start to collect that juicy social security, I'll have it deposited in a dedicated bank account, and Wise it to Thailand monthly. That, in addition to my TEDA amount of remittances (all will be non-assessable, but worst case scenario, they are somehow considered taxable), I'll have more than I can ever spend here, and never have to pay Thai tax. All is well, until Thailand moves to global taxation. Then it's time for Plan B.
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Again with the "tax expert" who claims that US social security is assessable? You should go back to CRS fearmongering. Oh, wait, you just did! Wasn't that back when you claimed even Kenya had signed up to CRS, and mentioned Singapore as an example of how CRS will affect us? (Don't make me look through all these posts, please!) I recall I posted the Singapore tax authority's CRS explanation, along with a lovely downloadable brochure, detailing that CRS responsibilities for individuals consist solely of identifying themselves to a financial institution as subject to other tax jurisdictions when opening new accounts. They even stated directly that non-assessable, non-taxable remittances are not to be declared on tax filings. But permit me to repeat: You.....haven't.....filed. Why don't you actually put your claims into practice, video the process, take notes, teach us all how to: -include all foreign remittances on a tax form -declare non-taxable, exempt, income that is not assessable -deduct income deemed non-assessable from the PIT calculation -claim a tax credit paid to a foreign revenue service on the form Make a lil' booklet for us to download. Show us silly rabbits just how it's done! Don't just spend your days Dunning-Krügering us all to death.
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Lawyer criticised for opposing equal marriage in Thailand
NoDisplayName replied to snoop1130's topic in Thailand News
But he wasn't opposing equal marriage. The same number of men marry the same number of women. What could be more equal? -
Of course, if exempt, if not taxable, then the income is not assessable. I'll stick with that until we get clear guidance from TRD that we must declare all NON-assessable remittances, and have already filed thus. When reports start coming in of audits, or requests for more documentation, or informed TRD officials demanding foreign tax-residents' returns include social security or excluded pensions, we'll have some data points. Gosh, I'd like to see just one person that was told they must include non-assessable remittances, and then actually filed. I'd also like to see instructions on how to claim DTA benefits on the tax return AND how to claim a tax credit without manual intervention (in other words, just deleting the entries!) by the TRD officer. All we know so far is that under the law, we may claim a tax credit, but are never told how. The tax consultants tell us we may claim a tax credit, if we let them file on our behalf. This, to me, indicates no procedures have been established for this.
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Your situation appears quite simple. Your only remittance is an assessable pension, which is your only relevant source of income. You're here >179 days, remit > 60K/120K baht. You're tax resident, above the filing threshold. You get your 60/120K, your 100K exemptions, and 190K if >65, plus the 150K 0% tax bracket. You do not deduct non-assessable remitted income. You do not take a foreign tax credit. You file, you declare the total remitted, you pay tax. Use the short form PN91, as pension is considered derived from employment. You can file online if you have a TIN or activated pink ID number, should take 15 minutes if you have an assistant or can read Thai. Most of the form is pre-loaded, your return only needs you to enter numbers in a couple of blanks. Calculations are automatic. When you file, you can download your Thai language return digitally stamped as accepted by TRD, and your receipt for payment of tax. Every year, if no changes........lather, rinse, repeat. Super easy, barely an inconvenience! ***CAUTION: OPINION ONLY, NOT ADVICE. NOT FOR RESALE. NOT FOR INTERNAL CONSUMPTION. BEST IF USED BY (see label)***
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Here's a REAL tax expert. On the YouTubes, and he's wearing a collared shirt with long sleeves. At 5:30, he says.... "....then we look at what they bring into Thailand, so if they bring in pension income, we have to look at where the pension income's from. If it is from the US..., so social security money, umm, then that is not taxable. It's not assessable income, so for these people, if that's their only source of income, for your US listeners and viewers, if their only source of income is US social security, or military pension, or they worked for the US government, like a federal pension. This is not assessable income. They don't need to file a tax return for that income. They don't need to do anything." He then goes on to speak a bit on UK pension types, claims you CAN take a tax credit, but of course doesn't explain how. At 8:40, he lists some forms that are excluded, and are not assessable, and he repeats those people with only this type of income remitted do NOT need to file a tax return and do NOT need a tax ID. Those include US socsec, Canuck pension, and most DTA's cover government civil service and military service pensions. Look at that face. How could he be worng!
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I consider my non-O (for retirement) nothing but an annual tourist visa. Accordingly, I don't bother learning the language. On a good day, I can recite 6 of the numerals in Thai. As to writing, I can draw a fishhook. The End. If the locals want to speak with me, they can speak English. Or German. Or Mandarin.
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You can file three past years online. In person? Dunno, maybe same, maybe farther back. Last July, I filed online returns for 2021, 2022, 2023. Only one late filing fee was charged, paid online by bank xfer. Received refunds for interest and dividend withholding tax for all three years. that I had blown off as not worth the trouble to file for. I wanted to learn how to use the online system, and to have a record of filing returns...........just in case.
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Monday will be day 27 of the 2025 tax filing season. That's 30% gone. Soon to be 1/3 over. You still think new, revised forms, different than the already published Thai language forms will be coming out? And that tens of thousands, nay, millions of early-bird filers will have to re-file? My pixelated 8-ball says "Outlook Not So Good."
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Destination. Never remitted, never assessable. DTA's, royal decrees, tax regulations determine whether a remittance is assessable/taxable. TRD says assessable is taxable, and is used in PIT calculations. Non-assessable is not taxable, and is NOT used in PIT calculations. For the time being, we self-determine which remittances are assessable, taxable, and must be included in filing if over the 60K/120K assessable income threshhold. If US sociable security were assessable, every US tax-resident receiving social security would be over the limit and would be required by law to file a tax return, would have to claim exemption under DTA on the tax return, and claim credit for tax paid in the US on social security benefits on the tax return. How many US tax-residents have been told by TRD to declare their US social security? The "tax expert" said it's assessable! We got a YouTube video! That means it's truly truthy! "The first rule of assessable club is not to talk about remittances"
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Please relate YOUR experience of filing a tax return declaring ALL remittances, YOUR experience deducting income deemed non-assessable by DTA or royal decree or Thai tax regulation on YOUR Thai tax return, and YOUR experience claiming a foreign tax credit on YOUR Thai t......... Oh, wait. This is all speculation. You haven't filed a Thai tax return. You haven't declared assessable AND non-assessable remittances on a Thai tax return. You haven't deducted non-assessable remittances on a Thai tax return. You haven't claimed a foreign tax credit on a Thai tax return. You HAVE posted misinformation, though, so I guess that counts as something.