Mike Lister

"when in fact none of them are". You can't possibly know that, any cases you are aware of are purely anecdotal. I know of one anecdotal example, my next door neighbour. The farang with Thai wife own the property but have gone back to the UK to live and now rent it out, the adult children manage the rental. The house was leased to a Chinese woman who rented it out to a third party who is also Chinese. The tenant in turn rents part of the property to a fourth party, also Chinese. The rent flows through several people and ends up in the adult childs hands, in cash. Simple? I don't think so.

Well, there is a very firm link between the Revenue and Immigration when it comes to certain visa types because a tax clearance certificate is required for them. There is of course a law on the books requireming all foreigners to obtain one, before leaving the country albeit the rule is not enforced across the board. https://magnacarta.co.th/home/faq-section-2/thailand-tax-clearance-certificate/#:~:text=Thailand Tax Clearance Certificate is,compliant and of good standing. There is also a very firm link between the Thai banks and Immigration because the banks supply the financial information, needed for the visa applicant to obtain or extend their visa. That financial information comprises details of overseas funds transfers into Thailand. And of course, there is a very very strong link between the Thai banks and the Central Bank, because the banks are required to report all foreign currency exchanges to the BOT. By all means think of it as assumption bias, I prefer to think of it as fact.

I have decided it is time to relinquish my role, both as a driver of the Simple Tax Guide and as a Moderator. We have accomplished what I wanted to achieve which is to produce a readable guide and to make members aware. It will now be down to others to drive the work forward, as and when the situation changes in the future. Many thanks to all of you who supported the work both in the forum and behind the scenes.

Correct

Thailand’s cabinet on Tuesday approved a tax exemption for crypto earnings to encourage fundraising via investment tokens, multiple local news outlets reported. Under the exemption, holders of investment tokens that have had the 15% capital gains tax withheld don’t need to include the profits when calculating their income tax, essentially ending a scenario of double taxation, according to one report. https://www.coindesk.com/policy/2024/03/13/thailand-greenlights-income-tax-exemption-for-investment-token-earnings-report/

Thailand’s cabinet on Tuesday approved a tax exemption for crypto earnings to encourage fundraising via investment tokens, multiple local news outlets reported. Under the exemption, holders of investment tokens that have had the 15% capital gains tax withheld don’t need to include the profits when calculating their income tax, essentially ending a scenario of double taxation, according to one report. https://www.coindesk.com/policy/2024/03/13/thailand-greenlights-income-tax-exemption-for-investment-token-earnings-report/

A baiting post removed. I did say, there will be no further debate on this!

As things stand presently, seemingly authentic correspondence has been posted that confirms most peoples suspicions or beliefs that claiming the state pension increase whilst living overseas, is against the law (except selected countries). We have only your word that the letters are not authentic plus we have some amateur lawyer interpretations of the DWP rules to support your claim. None of those things pass the sniff test as far as I am concerned and they are a very long way from being conclusive. If you intend to pursue your argument, you will need to post authentic counter claim letters, from a highly reliable source, confirming your view, anything else will be deleted. This thread is about UK pensions, which attracts lots of pensioners seeking information. This is not a thread about whether claiming the state pension overseas entitles you to the uplift although you could start such a dedicated thread, if you so wish. There will be no further debate on this point.

There's a link to a Thaiger article earlier that mentions the numbers come from Immigration so that would account for the volume of people entering the country, presumably they are classified by visa type. But TAT also has a fairly sophisticated sampling system whereby they collect the same tourist related information, from the same businesses, every month, in total they collect thousands of samples nationwide. If sampling sound s like it's hit and miss, it isn't, it tends to be a very accurate and used to great effect globally to calculate volumes and outcomes.

You seem to want to keep pushing this message that there is no penalty for giving DWP false information and living overseas whilst collecting the State Pension whilst pretending to live in the UK. About one week ago, this subject was done to death and culminated with one member posting copies of his communications with DWP for this very offense. That member was financially penalised and as I recall, taken to court. Perhaps others who remember that thread, can point you towards it. In the meantime, I strongly suggest you stop trolling other members on this subject when I suspect you know full well that it is against the law.

Topic moved to support forum and locked, it has nothing to do with the Chiang Mai Forum.

Baiting post removed, again, next one earns a holiday.

As posted previously in this thread: "It should be mentioned that the TAT don’t run around counting heads but get their figures from the Thai Ministry of Sports and Tourism which collate the statistics from the Immigration Department reports". https://thethaiger.com/hot-news/tourism/survey-do-the-tat-invent-their-statistics And if the numbers today include unwanted non-tourist categories, they always have, the way in which people are counted hasn't changed.

Bickering and flames removed, stop it.

Thailand’s cabinet on Tuesday approved a tax exemption for crypto earnings to encourage fundraising via investment tokens, multiple local news outlets reported. Under the exemption, holders of investment tokens that have had the 15% capital gains tax withheld don’t need to include the profits when calculating their income tax, essentially ending a scenario of double taxation, according to one report. https://www.coindesk.com/policy/2024/03/13/thailand-greenlights-income-tax-exemption-for-investment-token-earnings-report/

There's one big difference, lots of income in the UK is taxed at "source", unless requested and approved otherwise, savings interest, dividends, rental income etc. Also, UK CG must be filed within 60 days of the gain arising, not at year end with the tax return.

A TIN (Tax Identification Number) must be applied for from the Thai Revenue before you can file a tax return. The poster might be hinting that if you never get a TIN, you can transfer the money and they wont know who you are so you wont have to pay tax or file a return. (like your Bank and Immigration don't know!!!))

Fellow Aussie poster @TroubleandGrumpy may be up to speed on this, I have no doubt he'll be along soon.

Not a valid assumption at all! Read the tax guide, plus you'll need to understand your DTA. I strongly suggest you join the thread in the second link I gave you and ask your question there where fellow Australians will be able to help.

No

There is no relationship really between making bank transfers and taxation in Thailand, they are different and separate processes. You can make transfers all day and night and nothing has changed in that respect. You just need to understand whether that money you are transferring is taxable or not, only you can know that. Once the transfer is made, the money is in the country and if it is taxable, you can't undo the process later.

You could start by reading the document in the OP below which will explain the tax requirements. In a nutshell, you will need to determine what parts of the funds that you transfer are assessible to tax in Thailand and which parts are exempt and then potentially file a Thai tax return on the assessible income. There is an active thread about tax where you can ask questions as they occur to you, that thread is linked below also. The Tax Guide is Here: The Thread to Raise Issues is Here:

Closed per op request

If you have concerns about your personal tax situation in Thailand, please feel free to raise questions here or to PM me directly and we will try to help. Poster @JimGant is a retired CPA from the US and also has a wealth of US specific knowledge.

Bickering posts and a nonsense video removed.