Everything posted by The Cyclist
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
Why ? The forms for filing a tax return are available in both Thai and English. They are currently ammending the forms to include an extra Section to list income that is covered by a DTA. Where people might need the services of a tax consultant is if they are having difficulty with certain aspects of the income that they remit to Thailand. I'll leave you to work out what those difficulties might be.
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
I got as far as The word ' suggests ' was enough for me.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
No idea who these people are, but they do seem to confirm something that I have said all along. Anyone from a Country with a DTA with Thailand will probably not be hit with Thai tax when they remit income from that Country if it has already been taxed in that Country. Worse case scenario, I might have to go and get a TIN and file an annual Nil return, with DTA covered income filled in on the addition to the form that the Thais are currently working on. Sounds like a lot of work, I might have to flee Thailand instead ( The last sentence is sarcasm, for those that currently have a broken sarcasm meter )
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Change in the tax law does target expats living in Thailand and extends reporting obligations
Do you include the UK in ' Sophisticated Western Nations ' ? A Nation that does not have a clue who is actually in the Nation and has a massive Black Economy. Sure, if you are PAYE in the Uk, you probably pay the appropriate taxes, for anyone else it is a different story. Hardly a Nation to be held as a model of anything.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
How some of them can crawl out of their safe spaces and let go of their comfort blankets long enough to type unadulterated nonsense is beyond me.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
I asked you 3 days ago what facts that you know that have escaped other people ? The sound of silence from you was deafening. Yet you manage to come up with another comment that adds nothing to peoples understanding of the facts , certainly the facts that you appear to be aware of, but seem unwilling to share them. You carry on being a Doomer & Gloomer if that is what floats your boat.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
Perhaps it will be, I have no idea of the numbers involved. Neither will I have much sympathy for those involved.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
Yes It is amazing the different sources of information that are available, yet another day dawns and another round of the same absolute crap begins. Quite bizarre, how the same Doomers & Gloomers manage to miss all the information posted. See the headline and go into total meltdown, inventing scenarios that will make them flee Thailand Not only is it quite bizarre, it is hilarious.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
Must be fake noos, some moonhowler has already been shouting about auditing covering the past 10 years
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Change in the tax law does target expats living in Thailand and extends reporting obligations
Why does filing a tax return concern you, if you are a tax Resident in Thailand ? I've never filed one, but have no issues filing one if it becomes necessary. It's not as if I am busting a gut a work and will struggle to find the time.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
AND anyone lodging a DTA exemption will probably have to do it in Thai and though a Thai certified accountant/lawyer. On the other thread, Someone very helpfully provided a link to the forms for submitting a tax return, Forms supplied in both English and Thai. That person also ( and I read it elsewhere ) that the RD is currently ammending the forms to include a Section where you declare income covered by a DTA. Therefore, should the need arise ( Awaiting clarification ) it will not be difficult to fill in the English version and have a Thai transcribe to the Thai version and deposit both versions with the RD.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
I suggest some people read this https://mahanakornpartners.com/the-revenue-department-closes-loopholes-tightening-tax-collection-on-foreign-income/ Here are the pertinent parts Why is Thailand doing ths The only Doomers & Gloomers that need to be concerned are the Doomers & Gloomers that have been flying below the radar and not paying the appropriate taxes.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
Is it beyond you to understand that what they might read and what they actually do might be 2 different things ? Which is why have to keep reminding you and others, wait for the details to come from the Thai Gov / RD. By the time I mature enough to claim the State Pension, the UK will have raised the age limit again, I will already be dead, or Thailand will have issued clear direction. So keep posting doom & gloom about the State Pension, I am not old enough to care about it, far less worry about it.
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New member
Ah, someone stole your R
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Change in the tax law does target expats living in Thailand and extends reporting obligations
2 words Wait out ( For further clarification ) 2 words Most likely.
- New member
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Change in the tax law does target expats living in Thailand and extends reporting obligations
If Thailand is making changes on 01 Jan 2024 in order to Kinda blows your take on it right out the water. Just like most ( if not all ) the previous Doom & Gloom, across multiple threads, will be blown right out the water.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
I'll just leave this here https://mahanakornpartners.com/the-revenue-department-closes-loopholes-tightening-tax-collection-on-foreign-income/
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Change in the tax law does target expats living in Thailand and extends reporting obligations
I think that is exactly what I said, right here.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
Can you give me your interpretation of ' Article 6 ' applying to a UK State Pension ?
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Change in the tax law does target expats living in Thailand and extends reporting obligations
Ok, thats fine What matters is how the RD considers it.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
I haven't mentioned tax credits. I am of the opinion that as things stand today, income remitted after 01 Jan 2024 will mostly likely be * Non taxable in Thailand if already taxed. * Liable to be taxed in Thailand if not taxed already * Subject to DTA's and what clarification comes from the RD. Things like tax credits etc, will have to be dealt with by individuals in conjunction with RD, very few peoples circumstances will be exactly the same, which is why I can see a blanket statement covering expats in the not too distant future. Something along the lines of " If you are from a Country that has a DTA with Thailand, income already taxed in that Country will mot be assessable for income tax in Thailand " That will then leave individuals to prove that their income is already taxed or covered by a DTA.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
I dont think I was, but to clarify. 1. UK Government Pensions - Taxable only in the UK. ( Covered by DTA ) 2. UK State Pension * Not covered by DTA * Not taxed in UK as below tax threshold ( But will be when combined with other UK earnings ) The point I was making regarding the UK State Pension is what will the RD classify it as 1 - A Government Pension as it is paid by the Government. 2 - Just a pension, not covered by a DTA and subject to being assessed for Thai taxation. The UK State Pension does not apply to me and I cannot remember what the DTA said ( if anything ) specifically about State Pensions.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
I neither agree nor disagree with the 0%, i used it because other posters were using it. The State Pension ( in most cases ) falls under the £12570 PTA where tax becomes applicable. Whether this constitutes being taxed at 0% or ' Tax Free ' would need a tax expert to answer.
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Change in the tax law does target expats living in Thailand and extends reporting obligations
The only pensions covered by the UK - Thai DTA are what are termed ' Government Pensions ' whether the RD classify the UK State Pension ( Paid by the State / Government ) as coming under the banner of ' Government Pension ' comes under wait and see / further clarification needed.