The Cyclist

Is that right - You, and others, done an awful lot of pontificating to the contrary previously.

Read the article again This looks like a tax free ( 18 month window ) for rich Thais to repatriate their money into Thailand before global taxation kicks in, in 2027.

I'm out. The thread is about the article Not what has been repeated ad nauseam across various other threads.

😀😀😀 Yes, of course. There are various legal methods of reducing and minimizing your personal tax liability. Hoping, praying and clutching straws are not listed in those legal methethods.

There are clearly some people who are praying / clutching at any straw, hoping that they can escape the tentacles of the tax man.

It will have no effect Until the proposed draft legislation is passed and published.

i would interpret that article to mean that there is now an 18 month window ( for mainly Rich Thais ) to get their money moved back to Thailand before world wide taxation kicks in in 2027. Which the OECD are pushing for.

Not a great picture in the Op Here is a better one. It's called humiliation Off you pop, loser.

Best to do nothing Henry, and ignore it all. Head in the sand Policy, is always the best Policy.

Yes, 1 of the online videos explained it. Apparently when you file online there is a section where you can attach documents, and this is where you attach things like DTA exemptions, tax already paid etc. Whether this is available to individuals or only to authorized tax accountants I have no idea.

I've just spent 3 months in the philippines with a view to setting up a permanent address there over the next couple of years. SRRV Visa is simple and straightforward. $10,000 and a pension of a minimum of $800 Private Pension and State Pension paid direct to the Philippines. * No tax * Annual State Pension increases. Leave the Government Pension coming direct to Thailand and spend 6 months in each Country. More investigation required, but that looks like a route I am going down.

There is no Reference to DTA's on the RD website, because the RD website covers Thai Domestic Tax Policy. Foreigners who are Thai Tax Residents fall under Thai Domestic Tax Policy. DTA's are Bilateral International Agreements, that are outwith Thai Domestic Tax Policy. It is really quite simple. As a Thai Tax Resident ( Over 180 days a year ) you comply with Thai Domestic Tax Policy. By dint of a totally separate Bilateral International Agreement ( DTA ) you may, under Thai Domestic Tax Policy, * Be exempt from paying Tax in Thailand. * Tax Credits may mean you have little or no tax to pay. * Some forms of income will still be subject to taxation in Thailand. A DTA, does not stop a foreigner, who is a Thai Tax Resident, complying with Thai Domestic Tax Policy / Law. From recollection, income prior to 31 /12/2023 is exempt taxation ( as long as you have paperwork to prove it ). Enforcement

Sensible. No point in being bitten on the @rse, by being in denial.

Not sure, but it says 26 March 2025 here https://www.rd.go.th/english/67692.html I suspect that tax year 2024 will be a bit of a grace year, and it will kick off at the end of 2025.

The point was. The TRD website has been updated, and contains a handy guide. Whether you can read it or not, how you wish to interpret it, is your choice.

That comes as no surprise.

Thai Domestic Tax Policy - Which covers all Thai Tax Residents is Different from a DTA agreement, which is a bilateral International Agreement. As I said many times. A DTA might exempt you from paying tax in Thailand. It does not exempt you from complying with Thai Domestic Tax Policy if you fall under the bracket of being a Thai Tax Resident. In any case. I was posting it for the poster who continually howled about the DTA website has net been updated. Well it has now, and the handy guide tells you who and over what amounts, someone is required to file a tax return.

I didn't post for the benefit of Non-residents Try looking at the Para for Thai Tax Resident, then looking at what is assessable income under 40 ( 1 )

are we all aware that the TRD website has been updated ? You should all have a read of this https://www.rd.go.th/fileadmin/download/english_form/2024/GUIDE_90_67_Complete.pdf Make up your own mind whether you need to file ot not 😀😀

I take it that information in the post above, given by, I assume, a fellow American, is sufficient. In addition, under CRS, your Thai Bank will report information on that account to the Thai RD. Low value accounts becoming reportable as of the 01 Jan 2024.

I am open to be corrected, but isn't the Revenue Code Thai Tax Law ? Within which, all the questions that Ben asks are answered.

Good luck doesn't come into it. File, don't file, I could not care less. I just don't want to be in a position to be bitten on the **** at some date in the future. Be academic anyway, if Thailand goes ahead with the reported Global Taxation, I'm off.

I have just booked my Interuptor for a lunch date tomorrow, followed by a visit to my local TD Office to ask the question ( Again ) * The last time I asked, I was told yes, and given a pencilled in PND 91, to use as a template. Lets see what I am given tomorrow.

Perhaps, because at this moment in time I do not have a TIN ? And it would be pretty stoopid doing what you suggest without one. A good enough reason, or would you like to open your mouth and let your belly rumble some more ? Not very bright, are you.

What do you think foreigners remitting foreign funds into a Thai Bank account would be classed as ? It's all part of the being tax compliant and not engaged in Tax evasion process.