NoDisplayName

Under the present system, the taxpayer determines which remittances are assessable according to the tax regulations. Those that are assessable are included in the PIT calculations. Those that are NOT assessable are NOT included in the PIT calculations. Supporting documentation would be required if audited, but that doesn't seem to happen often. I am aware of only two forum members subjected to audit; one was running a business in Thailand, the other was employed for years, quit the job and stopped filing returns. No documentation normally needed if filing in person. The clerk will ask source of remitted funds, you say "prior savings", clerk says "you no file."

You mis-spelled "assessable income."

Great find! From 28:00-30:30 they confirmed that if your remittances are not assessable, you don't need a TIN and you don't need to file. If you remit assessable income over the threshold (60k), then you need to file a return, and may potentially owe tax. At 31:30 they tell us that pensions are assessable if not excluded. We know US social security is excluded, as are many government pensions, so check your DTA's, boys and girls. At 38:00 we're told we can take a tax credit on the tax form, but no detail given. ( Appears to be a miscommunication, unless someone can point out just how to take a foreign tax credit.) So this confirms TRD is only interested in assessable income, no need to declare all remittances to include non-assessable income. This is good news.

This hamburgler? But c'mon, man! Picking at the First Lady's wardrobe? Talk about petty.

Do you or wife pay life or health insurance premiums to a thai company?

Is your pension considered assessable income for Thai taxation?

This is not what would normally be considered a tax credit. I would expect that if you paid 39K equivalent in UK tax, then you would deduct 39K from your Thai tax due. Your method, by subtracting the tax paid from the total remittance BEFORE calculating Thai tax, merely gives you a 5% effective tax credit for what you paid in the UK. Had you owed tax, your tax credit as described would amount to a 2000 baht reduction on your tax bill.

Could you explain how the foreign tax deduction was claimed on the tax form? Was this just the tax official acknowledging that you paid some tax but not used in the calculations, or was it actually deducted at some point from your tax due?

"Penciled-in" a "draft" incorrectly to get rid of you. It won't be the first time a Thai official (tax, police, land office, bank, immigration) made up something, anything, to avoid saying "I don't know." Come back when you've filed and been approved. Until then it's, how you say,...........bupkis. Good lucky.

That would be your tax return. No, you have an incorrectly penciled-in "draft." You have nothing of relevant substance until you file a return.

Wife and I went in because I was trying to file online, but system would not recognize my old TIN or new pink ID number (not same). That was July 2024. I wanted to get a history of tax returns after reading about the change in interpretation of tax regulations concerning remittances, and before potential worldwide taxation legislation was introduced. The next week I filed three years of late returns. We got the pink ID activated, they canceled the old TIN, and I asked her about my filing requirements. I provided a list of all remittance amounts and dates, and the total was slightly over my TEDA for assessable remittances. TEDA never came into play, as no remitted funds were taxable.

So you have nothing. Just an incorrectly penciled-in "draft." Come back when you've filed. Yes, another poster has an ASSESSABLE pension. He does not claim a foreign tax credit, he does not deduct his non-assessable pension, he does not pass GO, he does not collect $200. If I remember correctly, after deducting TEDA and with the 150K zero tax bracket, he does pay a small amount of tax in Thailand. The PN91 is for income from employment only, it's the short form. The PN90 is for income from all sources. As you (surprisingly!) correctly pointed out, pensions are considered income derived from employment. If that's all the other poster is claiming, then of course he'd use the employment income only tax form. **EDIT** Poster in question is @samtam who stated on page 21: None of my assessable income is from employment, but from pension and dividends in 2024, all untaxed at source and brought in through ATM, Debit Card, FPS or Credit Card expenditure, all below my TEDA. So all assessable income, but not claiming tax credit or DTA benefits. Filing, but below TEDA, so no tax due. Not relevant to discussion.

Unsure if "tax-free" in home country is the relevant question. Is the money assessable by Thailand? Is it covered under your DTA?

Silly, the misteak was intended. I did visit my tax office. Showed the lady a list of my remittances. She asked "salary or pension"? I said neither, prior savings. She said non-assessable is not reported, no filing necessary unless requesting a refund of withholding tax. I filed online last year 2021, 2022, 2023 taxes, declared no remitted income, had them approved, and received refunds. I filed online (Jan 04) my 2024 return, declared no remitted income, had it approved. Got a system request to provide marriage certificate (filing jointly) and bank withholding statement (surprisingly not requested last year). I'll wait until next month to get the bank statement, no point in making two trips downtown. I've already filed. I've got an accepted return and an official receipt. Now tell us about YOU filing your draft.

Yes, you went to the tax office in podunk Pak Chong and put an uniformed oxygen sink on the spot, pointed out a misteak, and forced her to come up with something on the spot to avoid admitting her error. However,...............nothing she did at that point was in accordance with Thai tax regulations. She simply deducted the entire amount by plugging a number into a non-relevant blank. And yes, you posted a "draft" tax return. But you didn't file, did you? All your nonsense postings are based on a penciled in form incorrectly filled out by a frightened office lady who came up with something on the spot to get rid of the pesky foreigner. You did not file a tax return. Your story doesn't even rise to anecdote, let alone data. But first, I want you to provide specific instructions for how to: 1) claim foreign tax credit on Thai tax return 2) claim DTA benefit and deduct non-assessable income declared in section 1. Indicate which lines on the tax forms where I enter the numbers, and cite the tax code. You can't, it's unpossible. Go to the local tax office you report to and submit that "draft", have it accepted and approved. Then we'll talk.

Live updates Trump enters Capitol for inauguration as predecessors Biden, Obama, Clinton, Bush look on Politics Biden announces blanket pardon for his brother James, burying family influence-peddling probe for good https://nypost.com/2025/01/20/us-news/biden-pardons-his-brother-james-biden/ “I believe in the rule of law...... the mere fact of being investigated or prosecuted can irreparably damage their reputations and finances.” Biden added: “That is why I am exercising my power under the Constitution to pardon James B. Biden, Sara Jones Biden, Valerie Biden Owens, John T. Owens, and Francis W. Biden.

Biden pardons his family in final minutes in office https://www.cnbc.com/2025/01/20/biden-pardons-family-members.html Trust me, y'all, dey dindunuffin!

What does that mean before translation into English? If my country has a DTA with Thailand, then 1) I don't need to file (present) a Thai tax return at all? 2) I don't need to submit (present) a copy of my national tax return when I file a Thai tax return?

PN90 Personal Income Tax Return for taxpayer with income not only from employment PN91 Personal Income Tax Return for taxpayer with only income from employment under Section 40 (1) of the Revenue Code Only (1) Income derived from employment, whether in the form of salary, wage, per diem, bonus, bounty, gratuity, pension, house rent allowance, monetary value of rent-free residence provided by an employer, payment of debt liability of an employee made by an employer, or any money, property or benefit derived from employment. Makes sense. PN91 is the short form, only for employment income. Under the rules, pension is considered derived from employment. You have no other income streams? No Thai sourced interest or dividends? No remittances of capital gains or dividends from outside? Maybe you can answer some of our questions: Is your pension non-assessable, excluded by DTA? If so, if entered on your PN91, how do you deduct it? Do you pay any tax on your pension in your home country? If so, how do you claim a credit for foreign tax paid?

I hadda look it up, but the pardon begins from Jan 01 2014, which would include his drug abuse while in the Navy and his other than honourable discharge on Feb 18. Guess he gets to keep the benefits he lost when he was removed. Slate wiped clean. Like, with a cloth. Thanks, Big Guy®!!!!!

Haha. You funny, Joe. But tell me, what was Hunter's pardon for gun crimes, drug abuse and tax evasion based on? Wrongful conviction. Good behaviour. Change in law in relation to historical convictions. And which of these would justify a pre-emptive pardon for anything he might have done that hasn't been discovered yet, that coincidentally covers a time period starting just before his time at Burisma? 10% for the big guy goes a long way these days.

Thanks, daddy! I been a good boy!

It's amazing how broad the (p)resident's pardon power has become, essentially unlimited, now that it's not Trump potentially pardoning himself.

If you grew up in Virginia, it's still Lee-Jackson day.

What am I gonna do? Went to the seventy-leven today to pick up a suitable bottle to celebrate the inauguration. Will kick back and watch all the "trumper-tantrums" posted on Youtube. Life is good.