Mike Lister

Sorry, missed the first part......bad Mike, bad! 🙂 But I don't agree with the second part, I've been able to repatriate funds on a couple of occasions, the last time in 2019 when I went back to the UK for 4 months, UOB had no problem with it.

Yes, I agree with ES above, it's a BOT requirement. I don't understand how you were allowed to remit the funds in the first place, without stating the reason. If you say Living Expenses, that money will be deemed to have been spent and in the future it may be difficult to refer back to it in case you decide to try and expatriate the funds overseas. BBL on their web site says this: "To guard against fraud and money laundering, the Bank of Thailand’s regulations state that all banks in Thailand must obtain specific reasons for funds transfers before they are credited into an account in Thailand. Transfer purposes may include paying for goods, buying a condominium, investing in a business or living expenses. Bangkok Bank will report the purposes for all incoming funds transfers to the Bank of Thailand on your behalf". https://www.bangkokbank.com/en/Personal/Other-Services/Transfers/Transferring-Into-Thailand/FAQs

I'm describing the law, you're describing tax evasion.

Nice, thanks, yes I will.

Agreed/ I also think inheritance is playing a role, the younger set now have mum and dads money and are putting it to work because they don't trust the banks.

It used to be that nana and soi Cowboy were swarming with them, even in the farang areas of Chiang Mai they were plentiful. Many of them today have taken on an air of respectability and have Thai partners and accommodation addresses in Bangkok but the game is still the same.

This has been common place here for at least 20 years, particularly Brit so called independent IFA's who claim to sell regulated products. The products may be regulated but not him advising and selling outside of the UK!

1. The filing date for Thai tax returns ends 31 March so you are too late to file for last year, without penalty. I don't know yet how the UK rebate will work, as a credit or a refund. 2. No, and I've been dying to say this, it's up to you. 🙂 You file the return, you pay and if it's wrong they will let you know, depending on whether it's checked or not and depending on who owes whom.

I also use a fixed deposit for this purpose but it's only 400k, it's on a rolling year by year fix in an account all by its lonesome. I use an agent to manage all my Immi interfaces and thus far he's not asked for anything further. But he also knows I keep high 7 figures in Baht in other accounts here, which will be my fall back response to the living expenses question, if it's ever asked, rather than screwing around with tax returns and statements et al.

I hadn't come across Area Office before. My previous understanding was that the country is divided into Regions which are then subdivided into Districts, a District being equal to an Amphur. Looking at the TRD org chart is seems Regions are subdivided into Area Offices and Area branches. I interpret this to mean that the old District Offices are now Area offices that may not map directly onto Amphurs in every case and that more remote locales have Area branches! Regardless, the largest and most capable office in any area is the Regional Office but the District Offices (now Area offices) are where to file a return. https://www.rd.go.th/english/6015.html

Here's a screen shot from the TRD e-filing system listing agents in your area. There's nothing in Rayong so I used Chonburi and Siracha, are these of any help?

Attached below is member Guavaman's sample of how to complete a simple PND91 tax return. 500k-230366PIT91.pdf

I agree that the method of accounting aspect is still open but I do not agree that the documentation of the feeder accounts is not important today, the fact the TRD accounting method is not known doesn't change that need. If, for example, a person generates income from high interest savings, equities investments and employment, and funds from each of those three areas are commingled into a single account, that person will understand and be able to prove, what amount each one contributed and when (assuming adequate documentation is retained). If that person then remits X to Thailand, they are able to declare the source of those funds and provide a paper audit trail that confirms that. At some point, the TRD will make it known what accounting method they utilise, in which case the documentation of the feeder accounts is essential. Or they may not. It may be that the TRD will not want that level of granularity and will be happy that in the event of an audit, the person can provide a paper audit trail and that is sufficient. Either way, the documentation relating to feeds is very important, either now or later.

If you can access the site in English using google translate, the TRD e-filing site contains links to businesses all over the country that are allowed to file tax returns electronically for clients and all them are tax and accountancy businesses. Look at the link below and then the bottom right hand corner of the first page, see Representative Accounting Offices and click on that, then enter your location. https://efiling.rd.go.th/rd-cms/

Attached is an example of how to complete a PD91. 500k-230366PIT91.pdf

It's one of those days I guess! Here, try this: https://www.rd.go.th/english/65308.html I think I've fixed the link in the document also.

Below is the email address of the e-filing help desk. [email protected]

I get an automatic translation into English using google, the Representative Accounting Office link is on the right hand side at the bottom of the page. You have to enter your location into the box before it will search and return a list of agents, if you tell me where you are located I'll do it for you..

The TRD link above is already embedded in the tax guide in para 78.

Please see below, member Guavaman's sample form filling of the PND91 form, dated December last year. The sample was, until recently, part of the simple guide but had to be removed because the graphics character was the source of many problems in displaying the link. Linked below also is the TRD e-filing income tax forms and instructions for 2023 where all forms and instructions can be downloaded: https://www.rd.go.th/english/65308.html

Fair enough, that statement is based on a number of factors, some of which may not apply to everyone: 1) I live in Chiang Mai where the TRD office staff are super helpful, this may not be the same elsewhere. 2) Taking a spreadsheet with your numbers to the TRD office and asking them to enter the numbers into their system is, I believe, "a simple affair", this ought to be very similar for everyone else. 3) In the earlier days of the tax threads, a member posted instructions how to complete the tax form and they were pretty simple, I'll go in search of that example and repost it and I'm certain you'll agree. I have PM'd the person who posted that example and await his reply.

Somebody asked for the address of where to send the completed returns, my response to which was, your local District office rather than the head office in Bangkok which is not really geared up to receive large volumes of tax returns. There is also an issue with the mail service and its reliability. The TRD e-filing link below allows you to search for TRD approved agents in various parts of the country and they are authorised to send the return on your behalf. The agent search facility is under the heading of Representative Accounting Office. https://efiling.rd.go.th/rd-cms/

Yes, I saw your question but was waiting to see how others respond, it's slightly telling that nobody has! For my part, I have never used either form! During my past three filings, I have taken my numbers to the TRD office on a spreadsheet and sat with the TRD woman who entered them directly into the system. If you or others are going to file using paper based copies, you will of course need the correct form, otherwise no form of any kind is necessary because you can simple tell the officer. When the electronic filing is complete, she will print off a receipt stating who owes who how much and acknowledges that the return has been filed. The amount on the recioet needs to tally with your spreadsheet, otherwise don't sign. We'll leave the question out there to see if anyone does respond, now that it's been formally asked, just to see what is said.

Unless/until the tax return form is redesigned and reissued, there is nowhere on the form to report excluded or exempt income which I don't believe they want to see reported anyway.

OK, each to their own. This thread is about providing answers and information, not mandating or dictating an approach.