chiang mai

Then the following is the part that applies: "in the case of having income from other sources (with or without employment income) of THB 60,000 or less (for single persons) or THB 120,000 or less (for married persons)".

What is confusing you Redwood?

This is Asia, not Kansas or Brighton! Rat meat is widely eaten everywhere in Asia, bikes are a standard form of transport. In London it is said that you are never more than 10 feet from at least 100 rats in buildings and underground, at least here they are eaten and put to some use.

Savings is income after taxes and expenses. If your wealth was just that, fine. But if it was something else after it became savings then it is no longer savings.

Thanks, but I'm not reading any articles or watching any videos on tax, unless they are from the TRD or Big 4 tax consultants,

Trust me it's accurate. The first 150k is the zero rated tax band, it is not a deduction or allowance or have anything to do with tax filing thresholds. The threshold to file a return is shown above but that's not the threshold to pay tax, which varies for most people, once the zero rated tax band and all deductions/allowances are taken into account..

All persons earning income are required to file a tax return no later than 31 March of the following year for hardcopy filing and 8 April for online filing, except for individuals whose income from employment is THB 120,000 or less (for single persons) or THB 220,000 or less (for married persons) and in the case of having income from other sources (with or without employment income) of THB 60,000 or less (for single persons) or THB 120,000 or less (for married persons). https://taxsummaries.pwc.com/thailand/individual/tax-administration

Indeed pre 2024 income will always be exempt. But over time, people will need to make less use of that concession because funds will become exhausted and otherwise reinvested.

That's both reassuring and promising.

That is correct.

I'm pretty sure the effect of Por 162 and the impact of the pre 2024 tax exemption will diminish over time, it is after all, only a one time concession.

On the subject of DTAs: We heard months ago that some DTA's were being renegotiated but we haven't heard anything since. Whether that was true or not, I dunno, if it was, it's likely to be a lengthy process. Bottom line is, don't be surprised if you hear that the terms of some DTA's have changed.

The UK/Thai DTA is here: https://assets.publishing.service.gov.uk/media/5a80bddc40f0b623026953eb/uk-thailand-dtc180281_-_in_force.pdf

Tax residency is based on the number of days per year, it resets every year on 1 January.

I'm unclear what the point is of this exchange. The instructions were issued over a year ago and there has been no challenge and we are now nearing the end of the first tax year during which the rules were in effect. I don't see there's much else to be said in this matter, unless people want to grasp at straws that some white night with deep pockets and much influence comes along to challenge the TRD in the courts......at this late stage in the game I wouldn't bet even one satang on that happening.

FWIW I think that linkage is inevitable at some point.

If you don't have sufficient assessable income during the year, to breach the minimum threshold, no tax return is required.

Por 161 is a reinterpretation of an existing law, no new law is required. There was speculation one year that it might be challenged in the courts but no challenge has arisen since.

Your visa extension will almost certainly NOT be affected, next year, but who knows in the future.

No RW, those dates are the same every year.

Perhaps that's because the loss is not significant and that we over rate our Importance to the economy, yet again.

Tax filing time is 1 Jan thru 31 mar.

Give it a rest chivas! If you don't understand, just say so. Why would TRD be holding any of your HMRC details!

I don't know.

Thailand will tax you (or not), depending on what you declare (or not) in your Thai tax return, and they will do that accurately. The onus is on you, not on the TRD.