anrcaccount

They're giving away this visa like candy. It's actually attracting new people to move to Thailand vs converting existing visa holders. Speaking of existing visa holders, It's a better option than retirement or marriage, for many . 5 year validity. It's been far more popular (due to being easier to get) than the LTR. Already surpassed the LTR in numbers apparently. They've issued thousands of these already, in only a few weeks. Watch this space.

Good point. So soon, it appears we don't have anywhere in the world that taxes foreign credit card spending ( India excepted, which is trying to introduce a heavily critiqued rule with many permutations regarding this) It's ludicrous to believe that foreign credit card spending will be taxed in Thailand. Anyone worrying about that, is worrying unnecessarily.

No such concept of remittance exist in Australia. Regarding your credit card spend for , income is taxed, not spending. "ATO ( Australian HMRC equivalent) looks at when you earn income, not when you use it". Residency is irrelevant. Source: https://community.ato.gov.au/s/question/a0J9s000000MSoN/p00183154 Personally I find the concept of taxing anyone's credit card spend as completely ludicrous and unenforceable. Does this actually happen in the UK, or is it just written in the laws?

Sorry I can't resist, but this is indisputably pot calling the kettle black here Mr! You're the No 1 contributor to pretty much every/any tax thread, and even some not related to tax, that turn into a tax discussion...........there is no contest. "Turn the volume down" would probably be a good advice for both yourself and most others who post on tax, I will include myself in this advice too.

Well said. There's almost zero comparison in terms of capability, operation and just about any other aspect you can name. You could say, the only thing these 3 agencies have in common, is Revenue in their name!

You will not get an answer from them, it's pointless you asking. There is no law on taxation of unremitted income. They are considering changing it, if they do, it will likely take many years before it comes into force. I'm not usually a defendant of Thai bureaucracy................ but it's unreasonable to expect them to answer a theoretical question, regarding a potential future law, that hasn't been passed.

We'll see. What everyone seems to forget is that for many years now, foreign income remitted in the same year earned has been liable for tax. Expats collectively have done this with abandon, and remitted large sums, billions of baht. No enforcement. Alongside this, the vast majority of non-working expats have never filed a tax return in Thailand. No enforcement. A single interpretation on timing of remitting foreign income changes, causing media and forum hysteria. No reports of any planned or actual changes in operational practices or enforcement. At this point, the most likely outcome looks to me- to be changes only in self enforcement! As you say, good luck to all.

In the case where a monetary gift is given and received to / from overseas bank accounts, between spouses, and then remitted to Thailand by the gift recipient, do you see a need for the contract / documentation? Especially since it was done overseas, logically cannot see how having it notarized by a Thai lawyer, in that case, would make sense? I expect the documentation is only needed, in the unlikely event this specific remittance is ever questioned. Assuming the gift is under the thresholds, it never gets declared, it wasn't given / received in Thailand. The proceeds were simply remitted to Thailand.

Clear, good stuff.

Right, so given my suggestion was to make the gift overseas, from his foreign account to another foreign account held by his wife............... the posters tax residency is then irrelevant, do we agree on this at least?

What an excellent comment - very well said. This is exactly how the best accounting and taxation professionals frame their advice. They're not about absolute letter of the law compliance, that's an extreme view. It's also very important to understand the reality, or as you put it well "the practical operation of the rules". In Thailand, this is particularly relevant vs most other jurisdictions. Then, chart your own course based on risk assessment. This assessment needs to not only include understanding of the rules but also the practical operation, enforcement or lack of, common practices and local nuances.

The posters tax residency in Thailand is highly relevant, depending on where the gift is made, in Thailand or overseas. If tax resident in Thailand and the gift is made here, there is a risk, depending on the nature of the funds that are remitted, that they may be assessable here, on him I sense you didn't read what I wrote above? I suggested the gift be given and received overseas. If the gift is made overseas, and then remitted to Thailand by the giftee, this means: - the only party remitting funds to Thailand is the wife (giftee) and these funds are a gift, non assessable and exempt from Thai tax - the giftor ( op husband) has not remitted any funds to Thailand, therefore their tax residency status is irrelevant to whether it's assessable in Thailand . It's not assessable for the giftor in Thailand, because it wasn't remitted by them.

Firstly, take professional advice, as there are likely multiple ways to do this successfully. But, since you are on a forum asking for amateur advice , here goes...... avoid much complication and do it this way, more airtight: Gift to your wife's foreign account ( assuming she has one, if not, get her one) >>>> Wife remits the funds from her own foreign account to her Thai bank account >>>> Done Your tax residency status in Thailand is irrelevant. Only your wife has remitted the funds to Thailand , these funds are a gift, and non assessable and tax exempt.

We have different definitions of enforcement. Yours is the law has an updated interpretation. Mine involves actions being taken to get people to comply with a rule. All good. I don't expect to see any enforcement now, neither do I expect to see any early next year. Time will tell. We will see.

There hasn't been any change to how the law is enforced. There have been no reports of enforcement, or official indication of potential mechanisms of enforcement, for foreign income remittances based on the new interpretation. If you know of any enforcement of this that has occurred, please share, as I'm sure that would be of interest. Additionally - If you know of any enforcement of the the foreign income remittance (same year earned) law that's existed for many years now, please share that also.

This started when you falsely claimed: 162,000 foreign skilled and professionals working in Thailand, that's not a handful! Each would need to obtain a Tax Clearance Certificate from TRD, before leaving the country. I then corrected this claim, your understanding of TCC's, and what documents Non B Visa / work permit holders are required to show regarding tax, which do not include TCC's. I have not changed my language - I never said TCC's have been rescinded. I said, while the law is still on the books, it's not operational and has not been for a long time.

Talk to any Non B Visa/ Work permit holder, agent, tax advisor or lawyer. If you know an Immigration officer, ask them. They'll all confirm that these are no longer operational. I'm not sure why you continue to try to refute this. Let me try to put it another way, maybe you can accept this. If this was operationally enforced , do you accept there'd be much more discussion or guidance about it on this forum over many years, like there is about every other minutiae of documents and requirements? There's nothing apart from the posts stating it hasn't been in force for many years, and now, your thought bubbles regarding it.

It's hard to prove something to someone who won't accept reality. Reality- the TCC document is not operational in Thailand, and has not been for a long time. One of the threads I quoted was from 2019. Here's what a mod said: "Over 15 years of living and working here (and paying tax etc) and leaving the country several times a year on business I have never once obtained or been asked for any tax documentation at the airport. Doubtless these things are still available but (at present) nobody seems to care." Here's what a member said (while they aren't technically correct as the law hasn't been rescinded, they are correct to say it's no longer in force: "The Tax Clearance Certificate regulation/law was rescinded about 20 years ago. It is no longer in force."

No, you are incorrect. There is no mechanism in Thailand linking the taxes paid to TRD with entries / exits to the country. An expat taxpayer will not be asked for anything relating to tax at the airport, when they leave the country. Immigration does not share any information with local TRD (unless specifically requested), regarding when a person enters or leaves Thailand. Source KPMG , top of page 8, if you don't believe it.

I'm sorry, but I don't agree discussion on TCC's was productive. Maybe for your own understanding, yes, but for anyone generally, it's irrelevant. Subtly speculating that an obscure regulation, still on the books but not operational for more than 20 years, might be used in the future...................... I don't see that as being helpful or providing any guidance on what might happen later. No, they are not operational , for any visa types. Again, I don't see how this is helpful to anyone's understanding. Here, again, you say "before the WP holder leaves the country" ........ why? There's no checking of taxation by immigration of any visa holder (or visa exempt for that matter) when they exit the country. It's already been clarified that, for Non B visa holders with associated work permits, taxation proof ( not TCC's) is required on extensions. This isn't ensuring taxes are paid "before they leave the country" , it's ensuring they are paid so they renew the right to stay in the country under the visa type and associated work permit.

A more measured response, now that I am home once again: D’man said that only a handful of work permit holders need to prove their taxes before leaving the country, the UN report says there are 170,000 foreign skilled and professional people here which is considerably more than just a handful. You are mixing things up. Sure, there are more than a handful of work permit holders on Non B visas. Agree. None of these need to "prove taxes before leaving the country". There is a requirement for a tax return to be shown upon an extension for Non B work permit visa holders, nothing is required to be shown when leaving the country. Immigration do not ask any of these people for a "tax clearance certificates" before leaving the country. Tax clearance certificates are not operational. See below for more on this. There are thousands of these holders coming and going every day, and have been for many years. If there was a need for them to obtain a TCC , it would have been evident, discussed. I'll refer you to this thread , have a look and you'll see the founders and established mods of this forum state the same, that TCC's are not in force and have not been for many years, looks like 2003 it was stopped. Here's another link stating the TCC isn't operational, from the forum founder: I'll say something we can agree on, these 170,000 are paying tax, yes, and they do tax returns and show them to Immigration each year as part of the extension process. But the TCC isn't in operation. I'll just leave this one here.

If you think that's wrong, provide proof from the TRD that it is. Section 4 of the TRD Code applies: https://www.rd.go.th/english/37695.html I have spoken to multiple Non B holders with work permits, none have ever been required to produce a tax clearance certificate when leaving Thailand. If anyone on a Non B working was been asked for this, surely it would have come up as a topic for discussion in these threads or sometime in the last few years, and agents would also know about it. As I said, tax clearance certificates are not operational in Thailand today. That's common knowledge. So while the law is on the books ( I didn't say that was wrong, and yes you provided the source), you stating that: "Each would need to obtain a Tax Clearance Certificate from TRD, before leaving the country." is not correct. IMO, that type of statement builds unnecessary fear and concern amongst readers.

Correct me if I'm wrong, but Non B Visa holders with work permits are not required to show Tax Clearance Certificates to Immigration when departing Thailand. They are required to show Tax return on application for extensions. Tax Clearance certificates are not operational in Thailand anymore.

This article makes zero sense. How does upgrading piers on Koh Yao Yai and Koh Yao Noi reduce the travel time from Phuket to Krabi? To do that, they need to upgrade piers in Phuket and Krabi, and put car ferries on that route.

There have been only 2 official releases by TRD - POR 161 and 162. There have been no "announcements" by TRD. Regarding worldwide income, there again has been no "announcement" , and certainly no "new" announcement. There's been one media report in June where the TRD director shared they were considering worldwide taxation, and this weeks report with effectively the same details. Both have kicked off similar hysteria on here, the concern is caused by the reporting and the associated speculation, rather than anything concrete, at this point. All of this should be seen through the lense of how TRD has operationally enforced taxation to date, as again, we have no clear indication this is going to change. Any possible change in practice is again, complete speculation at this point - discussion on this is also creating unwarranted concern.