Mike Lister

This thread is specifically NOT for discussion and is reserved for fact relating to Thai tax rules. But since you've ignored that and had your rant, and because I seem to be correcting misperceptions anyway, let me address what you wrote. There is a document in the OP that outlines the Thai tax rules, I suggest you read it. There is a Dual Tax Agreement (DTA) between Thailand and most countries, there is a DTA between Thailand and the USA. The DTA prevents double taxation or taxation of the same things by two countries. If your income is taxed in the US, the chances are that there will be no tax to pay in Thailand. If you read the document in the OP, AND you read the US/Thai DTA, you will understand what your risk of Thai tax is. If there is no risk, you wont need to rearrange your life unnecessarily and pay large amounts in travel and accommodation expense (which is likely more than any tax that might be due), without good reason. If you have questions afterwards, you might field them in the long tax thread linked above, BUT NOT HERE.

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Post removed: 29. You will not discuss the specifics of prostitution.

The purpose of this thread is an attempt to explain the Thai Revenue Tax system to foreigners so that readers will understand what is required of them and how to set about managing their tax affairs in Thailand. The document in the op is the culmination of various debates across many threads, combined with research and input from tax experts and other external sources. It is a document created by AN readership rather than by any one person and has been extremely well received, despite a handful of complainers with personal axes to grind. To date, the document in the OP has been viewed over 53,000 times and the various threads have helped scores of readers address Thai tax concerns. My role is to keep the construction of the document on track and constantly moving forward. My job is also to keep this thread as a "fact" thread, which is why most of the chatty back and forth posts are deleted, because we want to leave the facts easily readable by new readers. Debates about Thai tax can be had in the long thread, which is linked above. There is no question regarding whether or not what is being discussed is going to happen, it is happening as we speak. The Thai Revenue Tax Code has been in situ for decades, the Thai Revenue has been collecting taxes for as long. One small change was made in September to one tax rule (Por 161) and that change has impacted foreigners in Thailand. Is it possible the rule could be set aside or changed? Of course, most things are possible, but the likelihood that is will be, is very remote. Por 162 was granted as a concession, after the fact in November last year, that tweak resets the income clock at 1 January 2024, not many people are expecting further concessions. Foreigners in Thailand will not be granted new rights as a result of the Thai Revenue implementing the rule and conforming more closely with international tax law. There will be no free health care, no end to dual pricing and certainly, no automatic eligibility for Thai citizenship as a result of paying taxes that are owed.

Probably not the best thing but each to their own.

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I don't know, something like living expenses or family support I guess. There is no relationship per se between the reason you give to Wise for your money transfer and your tax return, the two things are quite separate. The reason you give to Wise for sending the funds to Thailand, is useful if ever you want to repatriate those funds, at a later date but they don't have any bearing on tax. You will still need to provide proof later, if ever asked by the Thai Revenue, that the funds you transfered are from savings.

A flame has been removed. The word deranged is much better than saying idiot but it's still the wrong side of the line, please try harder.

Some posts that describe potential witnesses to a crime have been removed, at the OP's request. Let's be careful what we post, shall we.

Cool! It looks like most of the money would be from savings, presumably, the majority of it would have been earned before 1 January 2024. If that's the case, there's no Thai tax to pay when you bring those savings into Thailand. But any UK interest that is earned on those savings, from 1 January onwards, may be assessible to Thai tax, unless they are taxed in the UK, in which case the UK tax paid can offset any Thai tax that is due, probably resulting in zero tax due here. Clear or did I not explain it well enough?

Moved to Banking and Finance Forum

OK good, perhaps you can answer a few questions first, yes, no or short answers are OK: 1) what country is the money coming from? 2) Do you live in Thailand year round? 3) How was the money earned, savings, income, rent, dividends sale of property etc? 4) How many children do you have in Thailand 5) Was the money that you want to send to Thailand, taxed in your home country?

Agreed, but suggest doing so at a District Office rather than at a Tessabahn office, which is generally very small with limited capability.

How can we help clarify? Ask a question perhaps?

I don't believe that Sherrings is a rep of the RD, I think Sherrings is an independent tax consultancy that has contacts within the RD, as might be expected. No, I don't believe that tax credits will only flow one way, I've never thought that, I would expect tax credits to be two way. I do believe there will be no double taxation, which is what Sherrings and their Q15 in the linked Q&A confirmed. I have no particular expertise in understanding global DTA's, I especially have none when it comes to the US/Thai DTA. That is a matter for individuals to research and I have always viewed your expertise in that area to be useful to people doing that, which is why I have always referred US citizens with tax queries to you. If you ask me about it, I will suggest that where the tax arises is key and fundamental. Income that is taxed at source in the country where the asset or source exists is primary, what comes afterwards is squabbling over differences. You sell an asset in the US and you pay tax at source, the IRS has possession. When you import those funds to Thailand and declare them on your Thai tax return, the Thai RD notes (potentially) that it is owed tax money on that transaction that has already been paid to the IRS. The TRD doesn't ask the taxpayer for the credit, it raises a request to the IRS and either gets paid or doesn't. .

I don't understand where you're coming from, you're asking me about a statement The Cyclist made a month ago regarding double taxation. Cyclist's response was that you should take that up with Sherrings because it was their Q&A that said there would be bo double taxation and I merely repeated that. Now you're asking me if I am in contact with Sherrings, the answer is no, I'm using the same published inputs as everyone else: gs,

Please do not call other posters, vulgar names, it makes it appear that you have a limited vocabulary and poor debating skills.

If you say so, I very much doubt it. But if it does, does it really matter because the numbers have always included those people hence the method of accounting hasn't changed.

If you doubt the stats, you'll love this, chapter and verse on TAT forecasting: https://link.springer.com/article/10.1007/s44199-022-00041-5

"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

No, you are not wrong, society is turning out far too many insecure and troubled people of late.

I've removed an illogical post recommending against a particular Thai bank for SSc direct deposit purpose. I asked the poster to clarify but he did not. My experience of setting up a US SSc direct deposit to a Thai bank is that SSc Manilla requires that the bank sign the direct deposit form (SSA-1199), a copy of which is kept by the bank whilst the original is returned to Manilla. This process appears to be true of all Thai banks where enrollment in the IDD scheme is done manually. All Thai banks report to the Central Bank and to the Thai Revenue in the same way, the same information is required of all banks. In those respects, there is no difference regarding which Thai bank is used to receive the US SSc deposit, certainly not from a bank reporting or tax reporting standpoint.

I agree completely.

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Political meme removed by Moderator.