The Cyclist

Catch yourself on.

Whats the date on that video. Matey, Ive heard it all before, and just do that you are aware, I was previously informed that I did not have to file my Government Pension. 3 weeks ago I was told different by the RD Office. The Head of the RD Legal Department also said differently, in a video posted yesterday. POR 162 also says differently. As does KPMG As does Siam Legal. And here is an Aus specific one for you https://www.austchamthailand.com/new-rule-for-taxation-of-foreign-income-from-1-jan-2024/

You work for the Revenue Department? Or are you talking out the wrong orifice ?

Keep believing that nothing has changed POR 161 / 162 are figments of the imagination. The head of the RD Legal Department is talking out his **** It's all a massive wind up.

Rewatch it. The answer given is still need to file and potentially taxable. * A DTA will make not subject to Thai Tax * Using the Tax Credit system, no tax, or very little tax will be payable. Makes you wonder why they are saying need to file, when they are potentially going to gain very little to nothing in tax revenue. Perhaps, it really is, very little to do with monies raised ( or not ) through tax.

And there we go, the where does it go on the tax form strawman makes an appearance. Perhaps on the form that has not been updated / uploaded yet. As I have said previously, I would not be surprised if PND 91 / 92 do not get updated and a whole new form covering overseas income, taxes paid, DTA's is forthcoming. Something similar to a UK SA 106.

POR 162 says differently. The head of the RD Legal Team says differently. All income earned after 01 jan 2024 and remitted in 2024, is assessable income.

Let me explain something to you The past is gone. 01 Jan is ground zero day, when everything changed.

Yes, I would. The important date is written in 161 / 162 and that important date is 01 Jan 2024. So to take your education a step further POR 161 says Any foreign sourced in brought in from 01 Jan 2024 onwards would be subject to Thai personal Income Tax Por 162 says So savings prior to 01 Jan 2024 would not be subject to Thai personal income tax Everything else, earned from 01 Jan 2024, remitted in 2024, would be subject to Thai personal income tax. And that is where your bank statements, DTA's, Tax Credits, fancy Visa's come into play

What does POR 161 / 162 say ? And why is 01 Jan 2024 stated on them ? Because what happened in the past ( or did not happen ) makes no difference. The important date, as printed in both POR's is 01 Jan 2024.

I am asking you ro explain to me, what you think I do not understand. I believe I understand POR 161 / 162 very well, I do not think you do, which is why I am asking you to point out my misunderstanding. I have a feeling that you just might be struggling.

Explain it to me. What is it that I do not understand ?

Really How about all the Americans and their US SS ? How about you and your Canadian Pensions ? I have said my UK Government pension, the UK has exclusive taxation rights. I have also said, that does not exempt me from filing a tax return, as a Thai Tax Resident. This is the part that seems to confuse you.

Indeed it is. It does not matter a jot what is on previous tax forms prior to tax year 2024. These changes only apply from 01 Jan 2024

Utterly bizarre comment, as well as very stupid. Thread after thread, including this one, people will tell you that income specified as being under exclusive taxing rights was not assessable income. The past 15 years, nobody gave a monkeys, nobody chased anything up and nobody cared. That changed with * Royal Decree of 31 March 2023. * The push on Tax residency * 01 Jan 2024.being the day that it all changed.

I disagree with your thinking that a Royal Decree exempts you from filing a tax return, as a Tax Resident of Thailand. I do agree that it will exempt you from paying tax in Thailand. So you can bang on about Royal Decrees to your hearts content. You seem to have a difficulty in understanding that if Thailand wants Foreign Tax Residents to file a tax return, that is what will happen. That does not mean that those foreign tax residents are going to have to pay thai tax. And that, in essence, is where we disagree. And I think I will listen to the head of the RD legal department ( Yesterday ) than some anonymous poster on the internet. Sure, some foreigners will not need to file a tax return * Less than 179:days * Remit no income in 2024 * Remit less than the filing thresholds in 2024 Immediately spring to mind.

Not in the slightest. All prior to 01 Jan 2024, as I stated. Head of the Legal Department. Thai Tax Resident - Check Remit income from 01 Jan 2024 - Check Then that income is assessable income - Check 2024 tax filing season does not end until 31 March 2025 - Check.

Thats brilliant, absolutely stupendous. But for the brain dead who walk amongst us, that is all prior to 01 Jan 2024. It means absolutely nothing. Head of the RD Legal Department. Thai Tax Resident - Check. Remit income after 01 Jan 2024 - Check. Then it is assessable income. * Assessable does not equate to being taxable ( For multiple reasons ) Go argue with the head of the RD Legal Department.

I will let Mr Hart explain it to Assessability does not mean liability. Now go and watch the 1st 10 minutes of the latest video. Thai tax Resident - Check Remit income after 01 Jan 2024 - Check. That income is assessable income. There are various ways, as explained in the video yesterday, as to how this income has no tax liability. * Bank Statements to prove prior 01 Jan 2024 Savings * DTA's to prove that other Country has exclusive taxation rights on that income. * DTA's and tax receipts to prove that the income is subject to tax credits, * Some Visas exempt your income from Thai tax.. As examples. It is laid out in simple terms by the Expatthai video with the head of the RD Legal Department. But mentalists think they know better than the Head of the RD Legal Department. And while I'm here, Does any of the Section 42 ( Exempt income ) apply to you ? 29 different types, any that you could manage to shoehorn onto a tax filing. Just another example of why I think your understanding of exempt income is wrong.

Yeah, you're confused UK - Thai DTA covers my income. I can read from that DTA that the UK has Exclusive taxation Rights, therefore cannot be taxed in Thailand. What that DTA does not say, is that if I am a Tax Resident of Thailand, I am excused, exempted, no need to comply, should Thailand want Tax Residents to declare their income. And it is clear from yesterday's video ( Right at the very start ) If you are a Tax Resident of Thailand, remit income from the 01 Jan 2024, that income is considered Assessable income. Further on in the video, it also makes it clear, what paperwork / evidence, is required to ensure that you pay no Thai Tax on your income. You are free to believe whatever you like. I believe that the LTR, the same as a DTA will exempt you paying Tax inThailand, It does not exempt you from filing a tax return, if you are a Tax Resident and remit income from 01 Jan 2024. I expected to see a Ranty video this morning from Mr Benjamin Hart, ripping into yesterday's video, After all, surely it is a video that is fearmongering, passing falsehoods, by people who should be arrested for delving into restricted occupations. Would that cover the head of the RD's Legal Dept ?

Low value accounts became reportable from 01 Jan 2024. You getting the pattern yet about changes becoming effective 01 Jan 2024 ?

Thai Banks need to report held accounts by June every year to the RD. RD have to consolidate and report to ( BoT ? ) by September every year. The RD knows every foreigner that holds an account in a Thai bank.

No idea what you are talking about.

Based on today's video. Tax Resident, remit income from 01 Jan 2024, it is assessable income. 2 things happen with assessable income 1. Below 120k Baht, no need to file a tax return. 2. Above 120k baht, required to file a tax return. The UK - Thai DTA will prove that my Pension is not subject to Thai taxation.

Bingo Even though I know 120% that my UK Government Pension is not taxable in Thailand. 2 Agencies I am going to go out of my way not to upset, Immigration and The RD.