
CharlieKo
Advanced Member-
Posts
954 -
Joined
-
Last visited
Content Type
Events
Forums
Downloads
Quizzes
Gallery
Blogs
Everything posted by CharlieKo
-
Expat Tax Twists in Thailand: Navigating the New Landscape in 2024
CharlieKo replied to webfact's topic in Thailand News
I know a Thai guy who works for an American company here in Thailand his wages are sent from the US. His local RD contacted him about him not paying any tax. He was able to show he was taxed in the US. So actually if the RD think you should be paying tax. They know where to find you! -
Expat Tax Twists in Thailand: Navigating the New Landscape in 2024
CharlieKo replied to webfact's topic in Thailand News
I am registered as non resident, I get the state pension and was getting an income up to a couple years ago from assets. Sold those assets a couple of years ago. But I gain interest on what is now savings in the bank. I get that as a gross amount not ta deducted. My accountant told me that HMRC have said I do not need to make a UK tax return in the future. Or they will contact me if they think I need to submit a return. I suggest that what my post said is essentially the same as what you mentioned " you must still pay UK tax on any income that arises there". As a side note. I am not sure if HMRC expect me to declare the interest earned on savings to the Thai RD. When Thai RD would only be taxing income brought into the country! But and this is something I need to find out. With the Pension and interest earned, it takes me over the tax free threshold. So I am aware I may have to pay tax on that in the UK. But that would then negate paying taxes here in Thailand as my state pension would also have been taxed. Having been to my local RD when applying for a TIN, they said as long as I pay tax in the UK, they weren't interested in collecting taxes from me. That is my experience. -
Expat Tax Twists in Thailand: Navigating the New Landscape in 2024
CharlieKo replied to webfact's topic in Thailand News
***Removed by Moderator - UK State Pension IS regarded as income under Thai tax rules *** Also just how many of you are exempt from paying tax in your home country? Did any of you notify the tax authority you do not live in that country permanently? Unless you are recognised as tax exempt in your home country. You could still be liable for tax in that country if you gain income from any assets. This may also be a reason why Thai RD may no be interested in taxing your pension regardless of any DTA. They don't want to waste time on a tax return where there is not tax to collect! You all need to go speak with your local RD and see what they say. There seems to be too much confusion on this topic. -
A Jew by birth, yes. But a Jew who's daughters were baptised. So how much of a Jew is he?
-
So you support The US giving aid to Nazi's?
-
DWP are right. Your pension is set on the day you become eligible to collect it. You then left to a country where your pension gets frozen, no longer entitled to annual increases. When you return the increase in the pension is still based on the day it was set (based also on Contributions). So if you go to a country where your pension would be frozen again. You would revert back to your frozen pension amount. You lose the increase because you are no longer living in the UK.
-
But what of the future? You say you retire in a few years. Will your pension be enough to support you both. It will take a few years for her to get citizenship. by which time you will be retired. So is she going to go out and work? I think there are too many obstacles in the way for her to be able to come to the UK. What if after a year or two she decides she doesn't like it in the UK. You say you are thinking with your head, not your dick! Then actually sit down and work out what you would need to do to make it happen. All this talk of marriage after a two week holiday, is a red flag from the off. Take a couple years to get to know her. Then if alls OK try and get her back to the UK. But I think your age and situation will be a problem for getting permission to bring her to the UK. If you have a property you can rent out in the UK, then give some thought to living in Thailand so you can get to know her. But so far not just her situation but your own approach to this relationship is throwing up red flags. You are lining yourself up for problems from so many angles. That is why you are getting negative responses.
-
You should check out the requirements for bringing a foreign future wife to the UK to live. Especially the financial requirements. If you can't meet those requirements you can forget about bringing her to the UK. I think your situation depends on that alone.
- 138 replies
-
- 13
-
-
-
-
Spread the word! More Brits in Thailand can now vote in the UK
CharlieKo replied to webfact's topic in Thailand News
Yes Brexit in name only, Now they are looking to get back in again. -
Spread the word! More Brits in Thailand can now vote in the UK
CharlieKo replied to webfact's topic in Thailand News
And you really think Reform will do what they promise? Take The illegal migrants for example. The government make a big show of wanting to send them to Rwanda. But may have to listen to the high court to get it through or not. Yet it is well know secret that the high court is controlled by the government. So it's all show. Why else would Julian Assange still be in a high security prison when they could keep him in a normal prison. Waiting for the Yanks to extradite him. Because the government being a good little lapdog follows what the US wants. Even with taxes, they promise to cut taxes. They give with one hand while taking it back with the other hand. Not to mention they have absolutely ruined the UK with sanctions that no one other than the politicians wanted. Our vote never counts! -
Probably more to do with exchange rates.
-
Actually I think your post is very confusing! Even for a retirement visa you would need to show you have funds in a Thai bank. If by chance you did get another re-entry permit it would be valid for all of 2 days, up to the 28th when your Non-O visa expires. If you are married why not just apply for a Non-O based on marriage you just need 400,000 in a Thai bank two months prior to applying for it. Read this, from The Thai embassy website. https://www.thaiembassy.com/thailand-visa/retirement-visa
-
Trump wins Iowa caucuses, cementing frontrunner status in 2024 race
CharlieKo replied to webfact's topic in World News
Lets forget about the Russia Russia hoax the Democrats perpetrated! -
Trump wins Iowa caucuses, cementing frontrunner status in 2024 race
CharlieKo replied to webfact's topic in World News
For which you should be eternally grateful! -
Can i keep my family in home country from knowing if i die?
CharlieKo replied to Pouatchee's topic in General Topics
If you are worried that your estranged family might try to get their hands on your estate here in Thailand. Make sure you have a will leaving everything to your wife. -
Can i keep my family in home country from knowing if i die?
CharlieKo replied to Pouatchee's topic in General Topics
The hospital inform the police, who inform the embassy. -
Legal Tax minimization for foreigners
CharlieKo replied to smokie36's topic in Jobs, Economy, Banking, Business, Investments
I'm wondering if This is a loophole! If giving your wife these funds as a gift, would this negate having to pay income tax. As long as it's not more than 10,000,000 BHT it is free of any tax. There is no minimum. It's probably a long shot. -
Legal Tax minimization for foreigners
CharlieKo replied to smokie36's topic in Jobs, Economy, Banking, Business, Investments
From an earlier post which I edited:- If you mean sending fund to Thailand while not in the country? you may have found a loophole or it doesn't apply as you have the benefit of using those funds when you are here, So a possible tax event. You would need to seek advice from an accountant on that one to be sure. Also if you paid tax on those funds in your home country. Then you wouldn't be liable for tax here if your country had a DTA with Thailand. -
Legal Tax minimization for foreigners
CharlieKo replied to smokie36's topic in Jobs, Economy, Banking, Business, Investments
If you are not in the country for more than 180 days in any tax year. You are not liable for Thai taxes. Spend 181 days or more here in any one tax year then you are liable. If you mean sending fund to Thailand while not in the country? you may have found a loophole or it doesn't apply as you have the benefit of using those funds when you are here, So a possible tax event. You would need to seek advice from an accountant on that one to be sure. Also if you paid tax on those funds in your home country. Then you wouldn't be liable for tax here if your country had a DTA with Thailand. -
Legal Tax minimization for foreigners
CharlieKo replied to smokie36's topic in Jobs, Economy, Banking, Business, Investments
You may have made a rod for your own back. LOL. -
Legal Tax minimization for foreigners
CharlieKo replied to smokie36's topic in Jobs, Economy, Banking, Business, Investments
I'm sure some one will correct me if I'm wrong. But only funds remitted to Thailand are taxable. This is not a tax that includes global income. As long as you don't spend more than 180 days in the country in any tax year. Then you are not liable for tax. -
Legal Tax minimization for foreigners
CharlieKo replied to smokie36's topic in Jobs, Economy, Banking, Business, Investments
It is not income if it is savings. -
Legal Tax minimization for foreigners
CharlieKo replied to smokie36's topic in Jobs, Economy, Banking, Business, Investments
I appreciate rules are rules. The point is the RD have enough on their hands getting Thai people to file tax returns. As I am sure farmers not filing tax returns is just the tip of the iceberg. There being many Thai's who earn more than 120K per year who work under the radar! That is not to excuse anything. It is a shame that the RD haven't come out with clear information about the new tax rules. I think they have their work cut out for themselves, just dealing with Thai nationals. It may very well be that having submitted a Nil tax return once, we will be informed that we do not need to submit future returns for nil tax due. But until the Thai RD give clear advice on the subject. I personally think it's best not to rush into filing a return. Not to mention that there are probably many expats who do not have a Thai tax number, and may not even be aware of these new rules. The RD would need to contact those they think should be paying taxes. This isn't about avoiding paying tax. But at the same time I'm not volunteering financial info unless I am asked to by the RD. Besides with the new global reporting of large money transfers, it shouldn't be a problem for the RD to know who should be paying taxes on inbound funds. -
Legal Tax minimization for foreigners
CharlieKo replied to smokie36's topic in Jobs, Economy, Banking, Business, Investments
With respect unless you are an accountant or Lawyer registered here in Thailand, you don't know that for sure! For one, there are many Thai farmers who earn more than the 120K per year who have never filed a tax return. Even if after deductions they don't have to pay one baht in tax. Second, I know of a Thai person working for a US company here in Thailand, who was contacted about paying taxes here in Thailand. Once he showed he paid US income tax on his earnings. the RD accepted his situation. NOTE that he was contacted by the RD. Thirdly, As I no longer have an income, I am not expected to file a tax return in the UK, all I get is the UK state pension. My point being, that I doubt very much that the RD want expats to be filing tax returns when there is no tax due. I don't know how many expats live here in Thailand, but if we say it's about 300,000. That is an awful amount of work the RD have to do for no tax due! Again If HMRC don't want to be bothered with tax returns where no tax is due, Why would the Thai RD be bothered to waste their time doing that? Note that expats working here in Thailand and have a tax id are probably already in the system so this doesn't relate to them, Just expats who have a pension and savings. I shall wait to be contacted by the RD if they think I must pay tax on my pension. As I think it quite reasonable that if I must pay taxes here in Thailand, That the RD contact me first. I think this is a reasonable approach. -
do they have this prescription medicine in Thailand
CharlieKo replied to Koratdave3's topic in Health and Medicine
Try Chulalongkorn Hospital. https://chulalongkornhospital.go.th/kcmh/en/ec/ศูนย์ความเป็นเลิศทางก-24/