Mike Lister

I do not agree. A Thai citizen is taxable on income where ever and when ever it remitted, they cannot suddenly decide to avoid that reasonability. A foreigner is different, they can sever their relationship with a foreign country at any time and then reinitiate it later.

Krit, I'm a Brit., if I go back to the UK to live for a year, my connection with Thailand no longer exists and because I have no income that arises in Thailand, I have no obligation to file a Thai tax return. If during that year, say after 9 months of being in the UK, I decide to transfer some funds to an account in Thailand, I am under no obligation to file a Thai tax return because I am not a Thai subject and I am not tax resident in Thailand. Now, are you seriously suggesting that the money I have transferred under those circumstances described above, are taxable in Thailand and must be reported on a Thai tax return....I don't think so. The fact that a transfer has been made is not an issue in itself, the subsequent reporting of that transfer might be, based on the source of those funds, AND, based on my tax residency at any point in time. If, following the transfer described above, I decide to return to Thailand but only remain for 175 days in that tax year, I could chose to spend those funds but not report them on a Thai tax return, because I was not tax resident in Thailand, when the funds were transfered, nor when they were spent.

Are you bored, lonely, ever considered a hobby!

Yes, for Thai nationals but not for non-citizens.

That would be unusual since every other country I file taxes in or have ever filed taxes in, does.

1Q23 growth was 2.6%, 3Q23 growth was 1.3%, of course the debt ratio increased but not all of that increase was down to new loans.

1) This is not just about you and your circumstances 2) As I have told you previously, I do give ALL my numbers to the RD when they enter them into the system, assessable and non-assessable. This is because there does not appear to be anywhere on the form to notate non-assessable income but I don't know if that's true of the online system since it's all in Thai. The other reason I do that is because I don't deem myself to be a tax expert, nor an arbiter of what is assessable or not, under any DTA that may exist so I leave it to them to decide. If when they are finished entering my data, their bottom line agrees with me, there are no issues to discuss. They always agree. 3) Yes I do think Thai's are interested in numbers that don't result in tax revenue, I think they want clarity as to what transfer are for et al. If this was not true, why else would they go to the trouble of entering all my data into the tax system when the result is no tax due.

The slide presumably refers to a Thai person or citizen, in which case it is correct, it is not however relevant to non Thai citizens or foreigners.

Thanks, I actually got there courtesy of a helpful post from somebody else earlier but thanks for your reply anyway.

Really? So if you reclaim tax on interest paid and fail to report assessable overseas income, that's OK? How about if you only report half your assessable income and ignore the other half, I suppose that's OK too!

It now seems that the combination of allowances, deductions and the zero rated tax free band, for the average over 65 year old expat pensioner, is z minimum of 500k per year, almost the same level as the UK Personal allowance! 60k - Personal Care Allowance (up to) 100k - Pension Income Allowance 190k - over 65 years old allowance (first) 150k - zero rated for tax That's good news for us but it does seem very high, given average earnings here. That's around THB 46k a month, it's doable for many pensioners.

Careful, All India Institute of Medical Sciences, Delhi is one of the highest rated medical training facilities in Asia, he may know what he's talking about. :))

I agree, except the maximum age is 65 as I recall.

Nonsense, income of non-residents/non-citizens is not assessed on when it arose but on when it was remitted, that is perfectly clear from the tax regulations and is explicitly stated as such. If the tax filer was not resident when the funds were remitted, he/she has no obligation to file a return in that year and declare the funds.

I don't know the answer but I do know that in the case of the UK, where the credit card bill is paid determines whether or not the spending is potentially taxable. Somebody posted a link to this subject in a different thread on tax.

Once again, that was not what was intended which I think you well know. In that quote above I was trying to reference a separate conversation with a third party rather than provide an answer, which I also think you well understand. Are we done yet!

Yes I agree. But that doesn't change any part of what I wrote, you still have to declare that income, not just the part to reclaim the tax on bank interest.

Thanks for bearing with me, I think I'm finally on board with this.

The point I was making in that previous exchange was that you cannot file a Thai tax return to reclaim tax paid on Thai bank interest income alone and ignore other income received from overseas. You either report all your income or you don't report any for the reasons you have set. To only partially report income is fraudulent. The RD rules state: WHO HAS TO FILE ภ.ง.ด.91? 1. Residents of Thailand If you stay in Thailand for the total of at least 180 days in the tax year, you are considered a “resident of Thailand” for tax purposes. You have to file a return on the income that you received if you meet one of the following conditions: (1) Your total income exceeded 120,000 baht in the tax year.

I don't believe I have ever said it must be an uninterrupted period of 180 days, if I have ever implied that I did not intend to.

There is no option to complete only the parts of a Thai tax return that you want to complete, you either file a tax return or you don't and if you do, that means the entire return or the parts of it that pertain to your circumstances. Therefore, you cannot just complete the part of the tax return that relates to interest income and not complete the part about other income, if indeed you have any.

No, you can only be tax resident in one country but you can of course be obliged to pay taxes in multiple countries. Tax residency is based on the number of days per tax tear. The requirement to pay taxes is not based on tax residency but on tax rules. I for example am tax resident in Thailand because I live here year round. But I also pay UK tax under HMRC rules which I would have to do even though I spend zero days there each year.,

I have filed taxes here for several years already, I know how to file taxes, I just don't understand this deduction that you claim exists which I don't think is real for foreigners in receipt of an overseas pension in Thailand. You clearly don't know the answer to the question and are trying to convince us that you do. You've become boring, I'm putting you on my ignore list because your contribution is extremely unhelpful for everyone. Byee.

How is the Thai economy joined the hip with Thailand, where and in what ways? The current phase for international tourism favors the Chinese market but that changes every few years as different countries come in and go out of favour. China is the second largest export destination for Thailand and right now it's a long long way behind the USA.

Oh please! What is the pension expense that the taxpayer has incurred to warrant the deduction, it's a simple enough question? Expat pensioners in Thailand who recieve pension income from overseas, there is NO expense involved so why is there a deduction and for what? If you don't know, don't tell everyone to read copious pages of RD documents and try to decide the answer for ourselves, an answer that you clearly don't know, otherwise you would have posted something along the lines of: The person who is in receipt of a pension is entitled t deduction for expenses such as, a)...example b) example etc etc.