anrcaccount

Yes, I remember that poll. It was published in the Thai Enquirer a while back. And here's another interesting factoid, closer to home. In another recent tax thread, one of our flock, @MikeandDow posted: 'They will have to be knocking on my door before i fill out any of there (sic) BS'. That one post received 68 'I agree' emojis (1 of them was mine) and 37 other positive emojis. I think that's the biggest reaction I've seen on this forum for many a year. So we know what the sentiment is on this forum. It's right at the top of page 1. IMO it'll be more like 95% of expats who don't file a Thai tax return , and just like last year, and the 10 before that, there'll be no consequences.

Another example of WHAT NOT TO DO. If it isn't assessable ( savings, gifts, exempt for whatever reason) , do not even try to declare it. If you are set upon declaring it for some crazy reason, use a professional ( but don't be surprised that depending on specifics, they may advise you not to declare it!) .

You're getting a a lot of well intentioned but uninformed advice here. Your transfers of your pension, from your UK account to: Your wife's account Your sister in laws account Can definitely be considered gifts -provided you comply with the principles. You would have no Thai tax liability for these 2 transfers, and neither would your wife or sister in law as the recipients. The remaining remittance to yourself maybe assessable income BUT will likely fall under thresholds as described by others to you, meaning no need for you to file a Thai tax return at all.

The Thai revenue code has no specific provisions relating to foreign income. However most DTA's, including the Australia / Thailand one, have what's known as a non discrimination clause. That means Thai and foreigners are treated the same for tax collection. Therefore, the income equivalents, in terms of social security are exempt for Thais; and remitted social security is exempt for foreigners. The TRD offices, based on multiple real world reports, are simply considering the Australian Old Age pension social security ( which it is) , therefore exempt for tax in Thailand. Nothing absurd about it. Makes sense.

Hit the nail on the head. What about the tens of thousands of condos purchased in 2024 with 'technically assessable' income? ( None of it is being declared IMO) What about anyone who even bought a moderately expensive vehicle in 2024 with 'technically assessable' income , 2M THB let's say , I bet no one has declared that Ever heard of anyone paying tax in Thailand on foreign remitted capital gains? Don't even start on credit card transactions , doubt a single satang has ever been paid on those. Status Quo remains: only those who work or earn locally derived icome, pay Thai tax. Foreign 'remitted income' collection is little to non existent.

The SMS you received from Krungthai bank was in relation to this below. Have a read. FYI, it has absolutely nothing to do with filing for Thai tax, so your excursion to the tax office was completely unrelated. But , all good for you anyway.

Great report. Glad to be of service! No one should be worried about these forms, nor should they disclose any more information than they're comfortable with. In this case - you've given the bank nothing more than they had already.

Don't worry! For the same forms for KBank, spoke to several people ( Non-US Citizens, not working in Thailand,) who have had exactly the same experience: Go into the branch, ask for help with completing form. "Do you have work permit" - answered no. OK then, fill basic details, copy/sign your passport, bank book if you have it, done. No need to provide any tax ID, Thai or foreign.

As I stated on the other thread, no one else does this. Yet, you seem determined to be the first person to try and declare foreign ATM card and debit card transactions as income for thai tax. Let us know how you go - but again, as I said on the other thread, on the balance of risk - doing nothing is much wiser.

Your THEORY is incorrect, and the reality does in fact match the true theory as explained hereunder and in a previous post. In early January I posted my experience about lodging my Thai tax return, and made it quite clear for ALL aussies who have the Australian Aged Pension remitted to their Thai bank accounts that it was NOT taxable in Thailand, and it has NOTHING to do with the Oz/Thai DTA. The Thai Revenue Dept deems the Oz aged pension to be a social security payment, which technically it is, and under THAI tax law social security payments are NOT assessable and therefore NOT taxable. This has subsequently also been verified in several posts since, where the OP's have also been advised by their local TRD that the Oz aged pension is a social security payment and therefore not subject to Thai tax. Thanks for your comment. By THEORY I was referring to that of the Expat Tax agencies, who are clearly stating that the Australian Aged Pension is taxable in Thailand: Sources: ( at 32:25) https://www.youtube.com/watch?v=2R16EKozesU https://www.expattaxthailand.com/tax-residency-for-australian-expats-in-thailand/ "If you are deemed a Thai tax resident under the DTA, your Australian Age Pension and superannuation are only taxable in Thailand, and Australia does not tax them" However, your ( and others) real world experience with the TRD is showing they are wrong, which is one of the reasons why people should be very careful with these agencies.

If you want to be the first person to ever attempt to pay Thai tax on foreign bank atm withdrawals and debit card transactions, go right ahead........ On the balance of risk, IMO much better to do nothing.

Ha yes, I was being tongue in cheek, but yes, makes complete sense!

Yes, well said. Put it this way, that 600K THB has been theoretically assessable for many years now when remitted to Thailand same year, i.e. paid directly monthly. Have you ever heard of a single case of any individual paying Thai tax on their remitted pension?

Nice share, and no tax liability for you as the gift giver ( despite some of the ludicrous theories you can read here). The real question is, why aren’t you gifting her more to get closer to the 20M per year exemption? Surely she could find some use for the funds… maybe a handbag collection?

Only the OP can 100% confirm - but judging by his statement of “going back for 2 years”, one can safely assume it’s the normal Age Pension ( administered by Centrelink).

Thanks for your report. This is an example of where the THEORY does not equal the REALITY. THEORY: Your remitted Australian Age Pension is taxable in Thailand. REALITY : It isn't. However the predatory 'expat' tax agencies that have sprung up, will tell you to file with them and they'll declare this for you. A Thai accountant, files to the TRD, this isn't taxable. Anyone using these 'expat' tax agencies should really think twice, right?

Apart from one single report on here of some individual paying a small sum (about 3000 THB), I'm yet to see any reports of any significant amount of tax paid on remitted foreign income. I seriously doubt that even 1% of assessable foreign income remitted in 2024 will be declared, let alone taxed. Have you , or anyone else for that matter, ever heard of any cases of significant foreign remitted income actually being taxed in Thailand?

Do you seriously think that any individual has ever filed and paid Thai tax on foreign income remitted same year?

Let's all hope they disappear, and crawl back under the rock they emerged from.

CLASSIC! Flip - Flop

Yes, unless "one" works for the TRD, being the audience the internal directive was written for.

Because the Revenue Department didn't issue Por 161 & Por 162. He's correct - You're missing the point. Foreign remitted income has been taxable in theory for many years, in practice this has never been filed, or been enforced. The issuance of internal directives Por 161/2 has only changed the theory, it has not changed the practice.

Thanks for your report. However, yet again, we have another report of someone who conveniently, owes no Thai tax. Wake me up when someone pays Thai tax on their 30M THB remitted for a villa purchase, or even the 2M THB they remitted last year to buy a car. It's telling that we have not seen a single report, of anyone actually paying any significant amount of tax.

The treatt between the US and Thailand was signed in 1997 and article 20 was in effect then as well as now, the change in targetting remittance for 2024 has no effect on this treaty between two govt and says Social security paid by the US govt can ONLY be taxed by the US govt and not the Thai revenue dept. Don't you know how to read English? Don't you understand what a treaty means? The treaty says that if one party wishes to depart from the treaty they have to give 6 months prior notice. I haven't seen anything to that effect. If you have please advise where that info is at . My comment "with your logic" was referring to the original poster (OP) who decided to try and declare his non assessable income ( US SS) for some reason.

the dta with the Us was signed off on by us ambassador ITOH, I was assigned to the embassy during this period 1996 or 97. SIncxe then, that statement article 20 states that the US social security is taxed ONLY by the US govt. IF you doubt me, just read the document id on https://www.rd.go.th/fileadmin/download/nation/america_e.pdf btw, there is an "_" between america and the e.pdf I know, that's why I said " with your logic" . Meaning that, if he was trying to declare it this year, he should have also tried to declare it for many years previously.