TroubleandGrumpy

Good to know - thanks - get it done ASAP. The question is will that still be the same later this year/next year, when this is fully implemented?

Technically you have to declare any amount over 10,000USD, and yes it is 'assesable income' if you are a Thai tax resident in the year you brought that money into Thailand. Can you get away with it - Yes. Can you get caught - Yes. Is it worth it - up to you.

Yes indeed - it could be read either way. In the Details section of the DTA it also states:- australia : article 1-5 | The Revenue Department (English Site) (rd.go.th) ARTICLE 4 RESIDENCE 1. For the purposes of this Agreement, a person is a resident of one of the Contracting States: (a) in the case of Australia, if the person is a resident of Australia for the purposes of Australian tax; and (b) in the case of Thailand, if the person is a resident of Thailand for the purposes of Thai tax. Given that I am a tax resident in Australia and lodge a tax return every year, then I am both, and therefore only Australia can tax any pensions or annuity IMO. Howevber, there are lots of addiitonal definitions and situations listed in the DTA and who knows what ones will apply to any individual. Mate this thing is extremely complex - I know the Aust Tax Rules and they are fairly clear - plus you can use the ATO provided references and definitions and examples. The Thai RD site is very basic and often wrong - as an example it lists the tax rates that were applicable in 2013-2014 - I can only imagine how many other errors and ommissions there are. But I can say that there is no 'advice' section whereby clear and definitive advice in detailed circumstances is provided in English that I could find.

A lot of us feel the same. But I am still here and will wait until this thing pans out - despite being extremely angry about it too. Hopefully in 2024 it will all become clear one way or the other.

Under the Thai/Australia DTA it states: ARTICLE 18 PENSIONS AND ANNUITIES 1. Subject to the provisions of Article 19, pensions and annuities paid to a resident of one of the Contracting States shall be taxable only in that State. australia : article 16-20 | The Revenue Department (English Site) (rd.go.th) IMO that means that only the State that pays a pension or annuity can tax that payment. In Australia the Age Pension is taxable income for the purpoises of calculating a person's total taxable income - however there is no taxes applied to the Age Pension payment, even though it is above the tax free threshold. When you get the chance could you please provide more details about exactly who and what was provided to you to make the statement that the Australia Age Pension is taxable income in Thailand. I will chase that up and try to get some clarity about the matter. May I also suggest that going forward you/Charlie provide a link to the latest updated statement, for when things are changed/updated. Not a post that ends up with hundreds of replies, nor an update within a thread that gets lost within all those replies. Is there a facility to provide that on AseanNow?

Yes but only if that money is deemed to be income earned and was earned after 1 Jan 2024. It looks like you will have to lodge a tax return in 2025 and state that it is not income, but dont ask me how you would prove that it is not - maybe Mike knows. @Mike Lister

Fair enough Mike - this thread is answering more of my issues than all the others together. Not great and not all good - but there is much more information to work through.

All good Mike - another person has sorted me out and corrected me on that point. Take care - hope all is well at hospital.

ooops - my bad - Assessable Income is the correct term (and what I meant).

Several thousand?? I saw a figure of 200-300 thousand Expats in Thailand that will now be expected to lodge returns? If it ainbt in English and available - unlike the 90 day reporting is frequently - then what happens? We have to get our documents translated/certified to Thai and lodge it manually?? This thing has more and more 'hairs' on it.

Mate - I feel exactly the same way and could add another 6-10 examples to your list. Likewise I am only bringing into Thailand the Age Pension payments in 2024 - I brought forward additional funds in December already. If I have to pay income taxes on that Pension then we are out of here. Hopefully the cliams made in this post that I can get 500K deduction in taxable income will pan out. And hopefully going forward Thailand will sort this all out compltely, and they will never force me in the future to prove that the 5 million baht I brought into Thailand that year is not taxable income - but if I am required to do that, then I must be totally confident that my 'proof' will be fully accepted, or it aint gonna happen - which m,eans we are out of hear. Some think I am being 'negative' - you should hear my Thai wife talk about what she thinks of me having to pay income taxes to the people running Thailand - especially given all the sheite they put me (us) through to stay here and the costs they charge me (us) for everything they provide me (especially medical services).

Mate - you have serious issues and need help. That response of mine you quoted was to Mike not yourself. Get a grip - relax - and then move along yourself mate. No wonder so many of us avoid other Expats in the streets. We saw a bloke today and he looked very weird and strange - and it is clear you are the same.

Can you provide any link/advice as to how this is true Charlie? Has the Thai RD provided a ruling in this matter? Maybe answered already - I have not read all the pages yet - will do soon as possible

Technicality BUT it should read - "taxable income over 120K". Having income over 120K does not mean you have to lodge a tax return. 120K income is not 120K taxable income - if you have exemptions, allowances, offsets, and other deductions.

That was me laughing Mike. You remind me of the bloke that throws the two coins up in the air on Anzac Day.

The thing with agents that I found is that you should get one that operates in your Province because they know all the IOs thgere and know how that Office operates. I know one in Bangkok I used years ago - if you are in Bangkok DM me. If not, then maybe go to the local Immigration Office and watch them - they are the ones going around organising everyone - get there early.

Get real Danny Boy and grow up - part of which is admitting when you are wrong. You were and are wrong.

If you were talking about women I would call you a simp Mike. I will point out that very few Expats are happy to pay income taxes in a country that treats them like Thailand does. If they offered me residency (not full citizenship) in an easier to get and realistic format (like my Thai wife when she was living in Australia), gave me full legal rights (like you know who), gave me medical services (like you know who), did not require 3 monthly reporting to Police and annual begging/requests to stay (like you know who never had to), same pricing for everything (like you know who), and so many other rights and services available to all Thais, who pay or dont pay income taxes, then I would be happy to pay income taxes - mate. Yes - that statement clearly states that they expect foreign companies, residents (expats), and tourists, 'to foot more of the bill'. Wake up Mike - Thailand wants Expats to pay even more taxes than they do now, which is way more than the average Thai (VAT, Sales excise, Customs duty, etc.), and charge them extra for all Government services provided to them (Parks, Hospitals, etc etc) - but will give them nothing for that. If this was a Government wide campaign to provide Expats with benefits in return for taking more of our money as income taxes, then I would be more positive about this. But like so many other Expats who have 'put up' with all the inequity and unfairness dished out, because of the many advantages of living in Thailand including paying no income taxes, this is really leaving me with a bad taste about Thailand as a place to live. And please dont be an ignorant idiot and say 'then leave' - because that is what myself and many other Expats will do if they impose income taxes on me. As I have said many times - I have calculated that I have no income tax due to Thailand RD. But how do I know that will be accepted - what happens if they disagree - what idiot will bring in 5-10 Million Baht in a year to buy a property and a new car on this basis?? Get real Mike - this is a clusterphar...

Well said mate - and a totally rational and logical statement about the illogal and irrational 'thing' that is the Thailand Bureacracy and Government. May I add to your list - cannabis reform, TAT and their predictions, annual extensions, health insurance, tourist tax on arrival, building new airport buildings, roads and monorails, dealing with the smoke problems, the last election, and ........... there is so much more, but enough for now. This place is a totally disorganised rabble of rampant corruption and nepotism - the odds of them getting this new tax rule correct and not absolutely screing it up - are higher than Man Utd winning the Champions League this year. Plan well folks and be ready - who knows how this will end up - could be great (through sheer luck), and it could be an absolute clusterphar..........

I hear you - but what you wrote could be read by someone who does not know what you did not say, and thiunk it means that they dont have to file a tax return under a DTA (if that is required by Thai RD). Your last claim is wrong for things that are taxabale in both countries. Where the 'host' country has taken taxes, those paid taxes can be used as a credit, against what taxes may be due in the country where a person is resident. You can be taxed in both countries for some things - but not for things specifically excluded in that DTA - like Govt Pensions.

I have had very few good interactions with any agent in Thailand. It all depends on the person you get in contact with - that includes every one of those mentioned here.

Go see a doctor and get tested - maybe something you caught.

Until the Thai Police actually enforce the laws on the roads, rather than just turn up after the accident, nothing will change in Thailand.

Find a good honest Visa agent

Visiitng Russia - not a good idea - or Ukraine.