samtam

Sorry, I've asked this before, and apologies if it has been answered: If I want to file a tax return, where do I write in my ATM withdrawals and foreign Credit Card payments on the form? (Is there a new tax form for the new tax filing.) I know previously some suggested filing for ATM and CC monies was not required, but some said it was. What is the position, and if it's a "yes", where do I put it on the form? Thanks, as I reach for mt flak jacket.

The Thai Examiner article also seems to refer to those applying for citizenship. But as many have commented, too many assumptions based on no facts or details. As for all residents having to file tax forms, there do not yet appear to be new tax filing forms in circulation, AFAIK.

From an international paper in the region: Well the last sentence might "prick up their ears".

Olive oil

This exchange between "Suresh & Rex" is dated September 2020. Not sure if it is relevant now or not, but until RD produce new tax filing forms, and/or anything at all which answers the myriad of questions, we simply don't know. Will the new Finance Minister, (whoever that will be), do a complete volte face? (They apparently do not now need to find THB450 billion for the Digital Wallet, as the new PM - same as the old - has opined that it's a bad idea.)

Surely the Digital Wallet scheme was exactly why Srettha was kicked out. The elites (quite rightly) deemed it an economically dangerous idea, with little or no benefit to the Thai economy or those who were eligible to receive it.

I think "financial hub" is high on the list, (of "it ain't gonna happen"). Or rollout its digital wallet scheme, which crashed on day 1 of registration. The Ministry of "Thailand Aims" (and Misses)

...or becoming a financial hub

Thank you. Very helpful, and much appreciated.

That's why I questioned the OP's comment, that he only started paying at GBP17,000:

If the tax free allowance is GBP12,500, is the GBP17,000 (GBP4,500 above tax free) the minimum HMRC can be bothered to tax you? My spending pattern has already reduced accordingly, from 1 January 2024. I expect the uncertainty has made many others think similarly. I'm sure it has contributed to the declining property market, (along with the massive oversupply). Like the mythical "financial hub" fantasy, uncertainty is the last thing to encourage foreigners to buy property.

Obviously one wants to weigh up the options with the information one knows. Sadly "the information one knows" is very little, given the lack of clarity from the TRD. They may have said what something is, but they haven't said how they intend to implement it, so I suppose the thousands of questions have been an attempt to try and find out. Unfortunately the answers are opinions, interesting as some have been, and boring as most have been. I agree with you, that until there is a definitive detailed workable explanation, we have all wasted a great deal of time and angst. Mine (wasted time and angst), is an attempt to live and abide by the rules, which I know is a silly and novel concept in Thailand, where everything is flexible, depending on who you are, how much you pay etc. It's laughable, but not unexpected that one of the many aspirations of the current administration is to make Thailand a financial hub, as if that can be created from the mess that exists. No one in their right mind is going to buy financial products when goalposts are moved, rules and laws are "flexible", and the system is corrupt. Thailand will never achieve many of its multitudinous hub goals, but "financial hub" is probably the strongest candidate for neverland fantasies.

Thanks for the links. The TRD Hua Hin seminar mention in a video seems the least supported evidence or argument, (although I appreciate you don't have the time or interest to find the video), so it would be nice to have that from the "horse's mouth", if the TRD horse ever gets around to it. Anticipating that being definitive, I also asked: I'm not sure if this is the correct place to ask these questions, as I can't remember, having waded through a large portion of the thousands of comments, whether anyone in Bangkok has actually gone to RD Bangkok, and what the process is, as its processes are doubtless different to other offices. Perhaps they've used a tax accountant; MPG are apparently charging THB85,000 for that exercise. Also, if I am liable for paying tax after TEDA, I will start claiming refund of withholding tax, (paid on my THB800K deposit in a Thai Savings account for the last 17 years), but presumably I would only be able to claim for the YE 2024 to avoid a tax audit over those 17 years, so it is probably not worth getting excited about it.

I am quite willing to agree that I am absolutely baffled by what I have read through the thousands of pages of comments and opinions through these forum topics. It would nice to have the subject answered concisely.

Can you please clarify what you agree with. What has Expat Tax said on the subject, or TRD publicly? I'm unclear what HMRC's decision further strengthens. Thanks.

I think I may have read multiple times that use of foreign credit cards in Thailand is considered as taxable income. But I would be delighted to hear that I am completely mistaken.

In the Tax Computation sheet where does one show income from 1) use of foreign credit cards in Thailand and 2) ATM deposits in Thailand from ATM withdrawals on foreign bank accounts? Is it under "A - Salaries, wages, pensions etc". If I have a Thai (Pink) ID is that my TIN, or do I formally have to apply for a TIN, and how? Once I have completed my tax form, do I take in in person to the Revenue Department (I'm in Bangkok). Do I get a ticket and wait to be called? Is it then read and agreed, and I pay? Do I pay in cash? Sorry, this may have been covered a zillion times, and I have missed it. Has anyone been to RD in Bangkok and asked them these questions? My credit card and ATM withdrawals are from dividend income untaxed and UK state pension untaxed. These monies are generated within the current tax year.

Which is presumably why an ordinary police matter had the Thai Prime Minister and the Thai Interior Minister visit the hotel where the incident took place. In no other country would politicians show such an interest.

Another plan....the plan du jour, in the hub of plans. /s

At least in Singapore they really know how to make things pretty. And not only flora; they know how to build a pavement. In Thailand the streets are not paved with gold. They are just not paved.

Thailand is the hub of plans. It has a new one nearly every day. They usually amount to nothing. Or start, and then get shelved. (One can live in hope regarding to RD's new interpretation.) Or the even better strapline: "Buy one, get one", omitting the crucial "free".

I always struggle to know why pavements and other projects in Thailand are only ever half completed. It's "good enough"? The incomplete pavement will never get completed, and over a very short period of time, parts will be hacked up to install something vital that wasn't in the (not)plan. Is the safety the part where people trip on the unpaved section, and the convenience that a large portion of the pavement is utilised by the adjacent shop owner? I guess it all comes down to money, as in "how much to approve the half-arsed work". Still, at least it's a peony pattern, (apparently).

Seems to a lot of this* around... *"it was just somebody talking about some idea". Some might even suggest the head of RD reinterpreting the tax law, (all inward remittances irrespective of date), is just some idea, certainly without any Act. The present (and hopefully short-lived) government seems to be determined to undermine confidence in Thailand's financial system. On the one hand the clown-in-chief* spends an inordinate amount of time as Thailand's world class salesman, but so far without much to show for it. Whereas, as if to contradict that endeavour, endless "talking about some idea", (including the unintelligible change in condo % ownership law), also seems counterintuitive on the face of it . Anyway, the game board may be about to be upended when the 3 pending decisions are made by the Constitutional Court, (MPF, Srettha, and Thaksin).....plus the Bhumjaithai Chidchob case, (unless that has already been bought and paid for). In all likelihood Srettha & Thaksin cases will be resolved in the usual manner, (ironically, as the Srettha case is in relation to the money in the cake box method). Plus the Senate "election" seems to be a complete sham. Time for someone to make up something new to float along with the other unmentionables. Weed is still "floating", and not sure how those leaves have been interpreted. *At least someone isn't smiling inanely any longer. Perhaps he can get back to performing a magic trick on the dying property market, without killing the golden geese, that currently seems part of the schtick. By the way, a former Thai employee at Sansiri informed me that it's founder holds foreigners in disdain, so current actions fall in line with that.

That's good to know. I have the Pink ID, but no TIN, should I need to file.

I think this headline is yet another in a long line of brain farts emanating from this ridiculous government. Nothing is ever thought through to its critical conclusion. If this announcement was intended to attract foreign buyers it will have the opposite effect, when there is a lack of clarity about voting rights in a property you own 100%. The current 49%/51% ownership makes little or no difference in voting at AGMs. At our AGMs we barely meet the quota (30%) for the AGM to proceed. Thereafter, only 3 or 4 owners attend, the other 25% are proxy holders for the family that owns that percentage.