The Cyclist

Nooooooooooooooooo It is nothing to do with closing a loophole that rich Thais have exploited for years to avoid paying tax. It is a Thai Government directive to the RD to hound expats on already taxed pensions to get them to flee Thailand ( Heavy sarcasm may have been deployed above ) Take note @stat

Comedy Gold Your setting your sails for the Philippines which you might not even like due to a clear as mud announcement and the follow on doom-monger speculation. Hollleeee Christ

Glad to hear that the part in bold has finally sunk in. Took a while 😂😂

I agree with your sentiment, however it will become a DWP problem if State Pensioners start inundating them with claims for tax credits. No idea how many UK State Pensioners there are in Thailand existing solely on a State Pension, but there will plenty who have other occupational pensions and their State Pension is taxed in the UK.

To be fair. If I was trying to exist solely on a State Pension I have no doubt that I would probably be trying to game the system also. If the Government can fork out a reported £ 5 - 8 million a day for hotels for people who have never paid a penny into the system, then they can unfreeze the State Pension for all State Pensioners.

Thanks Ricardo Depending on what happens after the 01 Jan, the DWP might have to extract the finger and start sending P60's to State Pensioners overseas, to assist them with overseas taxation. Which might catch some people out, who might possibly be still claiming to be in the UK.

Jeses H Christ I'm still waiting for you to publish the emails your 2 tax experts sent you. What do these tax experts that you speak of, know that the rest of us do not know ? Have they had a separate briefing to clarify the previous clear as mud announcement ? Holy Christ, I'm amazed that you can actually leave the safe space of your bed and comfort blanket long enough to reach a keyboard, never mind get to your local RD Office, should it ultimately be needed. Every tax expert, and other other kind of expert can can express an opinion, which means nothing until the Thai Government / RD issue clarification.

Only Doom & Gloom moonhowlers on the other thread were getting their knickers in a twist claiming that overseas remmitances would be taxed by the receiving bank. The Thai RD can certainly tax income from overseas that lands in a bank account in Thailand.

Just as well that they are not asking, nor has it even been suggested that they will be asking for, or demanding information about foreign bank accounts. ' Rumour, innuendo and lies get halfway round the world before truth gets its knickers on ' Don't book a seat on the escape plane just yet.

No idea what other Countries do. However, when I was previously using an accountant, he sent me an all inclusive Earnings Xxxx Tax payable xxxx Which I doubt would be much good in a discussion with RD if you were trying to fight your corner on what income had been taxed and what income had not been taxed. On that note. Could any of the UK expats claiming the State Pension confirm if the DWP also send you an annual P60, bearing in mind that when I get too that age, and claim it, it will also be skelped for UK tax.

Mine take on average about 7 weeks coming by ' Par Avion '. Sadly no date stamp for posting so cannot confirm how long it actually takes. Sending registered mail back to the UK usually takes about a week, so a bit of a toss up as to where the delay occurs, Thai side or UK side.

Yes I would want to put a humdinger of a holday on my CC and laugh like a lunatic as I maxed it out.

Indeed I always wondered why my pension providers sent me annual P60's all the way out to Thailand 😂😂

I would break them down as Some tall ones Some short ones Some fat ones Some thin ones Some light skinned ones Some dark skinned ones And all the rest somewhere in between. Job Jobbed.

Scratches head 😀😀 I think I might have said a few times on this thread that income taxed in your home Country will probably not be subject to Thai tax ( especially Countries that have a DTA ) The tricky part ( for some ) will be proving that money has been taxed in Home Country before being remitted to Thailand.

I have no idea what the current UK rules are. I am still a resident of the UK, but I am non - dom for tax purposes. The benefit for me is that my overseas income ( O&G ) would not be taxable inthe UK, but income derived in the UK is still taxable in the UK. When I became non-dom the rules were 90 days or less a year in the UK, averaged over 5 years. There was slack in the system. About 2012 the rules changed to a straight 90 days a year or less. What the rules are today I do not know ( or care 😀😀 ) I officially retired in 2019 and no longer have overseas income. Only speculation on my part, but when the muddy waters are cleared, I think that income taxed in your home Country and then remitted to Thailand will not be subject to Thai taxation.

Absolutely no new information in that video. However it did highlight a point I made a couple of times on the thread. " To close a loophole and is mostly aimed at Thais "

Is that not usually called a funeral 😁😁 Wouldn't fancy eating it tho, cows, sheep and pigs on the other hand

I usually have a choice of 3 other systems for drinking, Lotus, Makro or Big C 😂😂

It's not nagativity on their part, people like you, me and others are far too positive in our outlook 🤣🤣

Yes, they have closed a loophole that was being exploited. What is not clear. for ius farangs is if Thailand is going to tax foreign income, in our case, UK income, which has already been taxed by HMRC. So for the time being I will continue to have my Government Pension ( taxed in the UK and covered by a DTA ) remitted to Thailand. Until clarity is gained, I have stopped my Private Pension ( Taxed in the UK, not covered by a DTA ) from being remitted to Thailand. That is my bases covered until the powers that be clarify things and drain the muddy water.

Oiiiii you Don't spoil his Doom & Gloom narrative 🤣🤣

Ohhhh my gawd, I'm absolutely gutted and distraught. Whats wrong petal, not handle people laughing at your speculation.

Actually, I didn't I said $$$ 7 figure income people do not spend $5000 a year travelling to save a bit of money on some tax. Sure it is. How many $$$ 7 figure income people do you know that travel cattle class, rent $ 100 a month apartments and live on noodle soup ?

Everything on this thread is speculation, until such times as the powers that be issue another edict to bring clarity. It would be wise to look at your own personal circumstances and take active steps to mitigate getting rogered by the Thai taxman, rather than speculating on what might be.