Mike Lister

Yes

You are correct. Deduct 190k from total income, then deduct 60K personal care allowance, along with any other deductions you have. Then, apply that amount against the tax tables, of which the first 150K is zero rated so tax free. Tax the remainder according to the bands, the next 150,001 to 300,000 at 5%, and so on up the scale.

You confuse visa and tax residency. Anyone who remains in almost any country for more than 180 days, is tax resident. Visa's are a totally separate issue. But I do agree we are not Residents, we are resident perhaps but because of the long stay visa issue, we are not Residents, not that that changes the tax position..

Just because I don't know what the DTA reclaim process is and just because I have never needed to do it, doesn't mean that it wont be a simple process! Returns will still be done online, that is certain. Whether or not the online system will be modified to cater to the DTA process is far too early to say at this juncture. Personally, I expect the process might simply involve a declaration rather than any long detailed process where lots and lots of data is supplied to satisfy the terms of the DTA. I further expect the RD to test some of those declarations but we're now into guessing the future.

I'll stick this here because it may help somebody. I was health insured with CIGNA Thailand, the cost of the policy was 130k per year, coverage was 32 mill. but the deductible and co-pay was about 450k. I am 74 years old with pre-existings that were excluded under policy. In June CIGNA wrote to say they would not renew my policy in November, because the company had been taken over by Chubb. I turned to CIGNA Global who put me in touch with CIGNA Dubai who said I could easily continue with them. The policy will now cost me 138k, the deductible is UK 5k Pounds and coverage is 9 million. No new medical or underwriting is required, the existing underwriting will be transferred across. The policy/process is known as Step Up. The new policy is under the jurisdiction of the Dubai underwriters, which is not dissimilar to the UK.

It's an interesting thought that a foreign retiree, living here on say a Non Imm O extension, paying Thai tax on overseas income, is entitled to Thai benefits but I don't know what they might be. The fact the retiree hasn't made payments into the SSc fund eliminates the possibility, in my mind, that they would be eligible for any SSc benefits. The Thai SSc system is already coming under stress and with an increasingly ageing population, the last thing the country needs is several hundred thousand expat pensioners entering the system. You then have to ask whether there is any reason why the government should provide quid pro quo benefits when all it is doing is following accepted international conventions of taxing a person where they live. If you turn the question on its head, ask yourself for example, if foreign pensioners living in Thailand should be eligible to buy diesel fuel that has been subsidised by government when the (substantial) cost of that subsidy, the Fuel Subsidy Fund, comes out of taxes. Perhaps it's things like that which are the indirect benefit......dunno.

Yep, you're right. I joined specifically to find recommendations for a cancer surgeon in the North, having done that I got engaged in a discussions about the mechanics of taxation and somehow, don't ask me how or why, I ended up here as stocking filler whilst waiting for answer to the first part. But now, we are done....byee.

I'm not going to provide entertainment for you, is what I'm not going to do. My words are out there for any/everyone to read, including the OP, who I seriously doubt disagrees with me.

This is a forum, not a court of law. People in all walks of life in all forms of communications, use embellishment and literary license for effect all the time, it's not necessarily a bad thing.

As I said at the beginning of the thread, it appears several posters have a history here, I don't. I'm not going to go searching for and read his past material, I don't need to, I don't care if he's a nice person or not, why would I. All I care about is the question he raised. And I haven't passed comment on the interactions with older people that he talked about, as far as I'm concerned that's just an embellishment to get the question out there and attract interest and he's certainly done that.

I don't know if he's a nice guy or not, I don't know him and haven't read much of what he's written. But I do think he raised a valid and interesting issue, even if others do not.

FWIW I'm certain the OP has made some people think, even though there is no immediate tangible evidence of that, a person would have to be either simple minded or naive to believe otherwise. But I totally agree with your last para, I also wish more people would do so.

It's just that you seem to be trying to measure the benefit of the OP's post and that you're trying to do so statistically based on positive and supportive posts in the thread alone. The OP said his objective was to make people think, not necessarily post and I think he's done that.

And how do you propose to count the members who have read the post, started to think about it for the first time but not shared their thoughts with the forum!

Yes, why?

You'll forgive me for saying so but that was pretty shallow.

Well done that man.....many thanks

New benefits? I wouldn't hold my breath if I were you! Social Security eligibility here requires regular separate payment into the SSc fund., it's not income tax linked.

And now I'm uncertain having read posters @Yumthaipost! On balance, I don't think it's in "instead of". The first 150k is neither an exemption nor a deduction, it's a zero rated band of tax on the tax tables.

Ummmm, I don't think so but I can't be 100% certain of the details of the new rules because they remain unclear. As long as the savings weren't earned in the year they are remitted, you should be OK. So if you remit in 2023, make sure they were earned in a prior year.

Technically speaking, anyone who has assessible income of over 60,000 baht in a tax year, is required to file a tax return. https://taxsummaries.pwc.com/thailand/individual/tax-administration#:~:text=Individuals engaged in most forms,their spouse%2C whichever they prefer.

Please see, the link below, bottom of the page, The Director Generals Instruction Por 161/2566 https://sherrings.com/assessable-income-foreign-sources-thailand.html

I've never had to hence I don't know, sorry. But I do recall seeing that money reclaimed under a DTA with Thailand is in the form of a credit rather than a repayment.

Why tax the principle, it came from savings surely, mine did.

Take your pick: https://www.acronymfinder.com/CRS.html I rather like, Cosmic Ray Subsystem