The Cyclist

And the PWC article highlights something that has been said many, many times If your money has already been taxed prior to remitting to Thailand, it is highly unlikely that it will get taxed again in Thailand. If your money has not been taxed, or you cannot prove it has been taxed, you will probably be up <deleted> creek without a paddle.

Until clarity is provided by the RD, know one knows and all you will get is speculation. Work on the basis of Remittances to Thailand will be subject to Thai taxation from the 01 Jan 2024 ( Let the grown ups 😀😀 argue the toss over exemptions and DTA's and thrash out the details ) The answer to your specific question should lie somewhere in where that offshore Company is registered. I have a small company in the UK, all relevant taxes are paid in the UK, income from that business is taxed in the UK, no money from that business is remitted to Thailand, I therefore consider it nothing to do with Thailand or Thai taxes. No doubt some gloom & Doom advocate will come along and tell me that I am totally wrong.

Sure, that is not in doubt. However, I do not think I will be the only one raising an eyebrow over this, especially when there are less than 4 million Thais paying income tax in Thailand, out of a population of some 7O odd million.

I can see conversations being held behind closed, particularly by the 61 Countries who have DTA's with Thailand. Along the lines of ' You have less than 4 million Thais paying income tax, suggest you sort our your own internal affairs, before thinking about taxing Citizens of other Countries '

Some bright spark once penned something called the ' Serenity Prayer ' It's a good way of living your life. Dont stress stuff you shouldn't be stressing, the stress will killya.

Thank you. That was all I wanted to know. I don't really need if's, could's or might's thrown in.

Excerpts from both the US and UK DTA have been posted. Makes no difference to the sky is falling in crew. They are all mates of Ekniti Nitithanprapas, have coffee with him on a daily basis and he fills them in on whats happening 😂😂

Ditto Baht 320.80 discount. I'll keep that safe incase the Thai Taxman demands it next year 😀😀

I don't think that you even came close to understanding my comment. I suppose I should not be surprised when you consider this to be a narrative. To the best of my knowledge, Pensions are normally taxed in the Country where the pension originates. Suggestion, only a suggestion, not a fact or an interpretation of a soundbite, is not, and never will be a narrative.

I would go a step further and suggest ( only a suggestion, not a fact or interpretation of a soundbite ) that any pension that is taxed in Home Country will not be taxed in Thailand, whether covered by a DtA or not.

Wasting your time. The Doom & Gloom squad do not believe / cannot understand / misinterpret anything that might contradict the sky falling in.

Or do the sensible thing, and await clarification from the RD as to * what constitutes assessable income * what requirements / actions / paperwork are required for income covered by a DTA's Or perhaps one of the regular attendees at the DTA headsheds monthly briefings, could provide an update on Now that would be really helpful.

What is the purpose of a DTA, and by extension, specific items covered in the DTA ? UK State Pension have been covered repeatedly, as has Government Pensions. Just for a laugh, lets play the doom and gloom game, even though the UK State Pension is not specifically covered by the DTA, who says Thailand is going to tax UK State Pensions ? Do you have written confirmation from the DTA headshed ? After all, if they can decide to tax rental income ( tax paid in the UK ) they can also decide not to tax UK State Pensions, if they so choose. Yet again I have to repeat myself. Best wait until the DTA confirms what exactly comes under assessable income, before getting knickers twisted and doing yourself damage.

If the thought exercise comes to fruition and Thaland adopts the UK system then @bugger bognor is absolutely correct and we have had a 100 and odd pages of crap. Which brings us on to the UK / Thai DTA Income from property situated in the UK. Article 7 ( 1 ) Income from immoveable property may be taxed in the contracting State where the property is located. Which means that if you are paying tax in the UK on a rental property it should not be taxable in thailand. Article 19 ( 2 ) (a ) Any Pension paid by the contracting State ( Blah Blah Blah ) shall only be taxable in that State. https://assets.publishing.service.gov.uk/media/5a80bddc40f0b623026953eb/uk-thailand-dtc180281_-_in_force.pdf Article 19 Is referring to Government Pensions. I make no comment on whether a State Pension is classed as a Government Pension. But that in itself throws up another interesting conundrum for the people who are claiming the State Pension and being taxed on it in the UK due to other Occupational Pensions.

How difficult is this to understand . I am not deciding anything. An intergovernmental body has came up with the UK / Thai DTA, as part of that DTA and decided my Government Pension is only taxable in the UK. The Thai Government can cancel that DTA in writing to the UK Government, giving 6 months notice. As of today I have nothing that suggests that the Thai Government has done so. I did not even read the rest of your comment. If you cannot get the basics correct in your opening sentence, then there is not much scope for anything else in your comment being correct. As I said previously, you can either whinge and bitch over the unknown or you can be proactive, read and digest your home Countries DTA with Thailand and take the appropriate steps to avoid being whacked with a Thai tax bill.

Ditto The UK / Thai DTA.

I am stating that under the UK / Thai DTA my Government pension is not taxable in Thailand. I can provide annual P60's and Statements of Future Payments to the RD if they wish to inspect them. My Private Pension does not appear to be covered by the UK / Thai DTA ( Even though it is taxed in the UK ) This is why it will no longer come into Thailand after the 01 Jan 2024. Proactively removing a potential source of conflict with the RD. Could you tell me where I have misunderstood the UK / Thai RD ? The only confirmation that I require from the RD is whether I need to submit an annual ' Nil Return " or if I am exempt.

I do not think that there is many who are declaring ' This will not apply to me ' The issue at the moment is that we do not know ' what will apply to whom ' As has been pointed out repeatedly. DTA's will apply, and what is covered is covered is dependant on the Your Country / Thailand DTA. Thailand has 61 DTA's with other Countries. Which will encompass a barrowload of work for the RD when they have to go through those DTA's for every single expat covered by a DTA. So it would come as no surprise to hear a blanket statement being issued stating that X, Y and Z incomes ( probably pensions / social security etc ) are exempt for people from those Countries are exempt. As I said yesterday. It would be prudent to abide by your Country / Thailand DTA and limit your exposure before 01 Jan 2024 to potentially being skelped with Thai taxation. You do not require a further announcement from the RD to put this into practice. Common sense tells you to continue remitting to Thailand income / money covered by a DTA and stop remitting income / money to Thailand that is not covered by a DTA. Absolutely no point in typing a 3000 word dissertation above about what you are going to do if Thailand does X. Take proactive steps to reduce the risk of X.

The minority in the UK's black economy is estimated at over £200 Billion. What is the size of your Countrys black economy ? Compare and contrast with about £3 Billion in tax avoidance and a further £ 5 Billion in tax evasion. That minority is rather sizeable in monetary terms. I agree, Thailand needs to sort out its own internal tax problems, but lets not pretend that every other Country is squeeky clean.

Does no-one in your home Country work cash in hand ? Does your home Country not have a ' Black Economy ' ? I find it difficult to accept that any Country does not have some sort of combination of the above. The UK's ' Black Economy ' is estimated at over £200 Billion a year.

There is a massive difference between participating and posting hundreds of posts containing unfounded doom & gloom. It is not difficult to read your countries / Thai DTA and coming up with a very good idea of what you will / will not be taxed on when remitted to Thailand. You also have time, before the 01 Jan to take the appropriate steps to mitigate what you judge you might be taxed on after 01 Jan. A further announcement from the RD / relevant authority should only be clarification on what you have already deduced.

Yes, it is astounding that in 15 years I have never been subjected to any of the nonsense claimed by others regarding Immigration or the Thai Police. Which is why I poo-poo the doom & gloom merchants on this thread. Are things going to change come 01 Jan ? For some, yes. For others probably not. Until further details are promulgated, read, digested and understood. There is pages and pages of crap being posted. Post number 02 on the 1st page sums it up perfectly and the thread should have been temporarily closed until a further announcement is made.

Thanks for that. As Iam not in receipt of the State Pension I have no idea what the credit entry is, or would be. It is not I, who thinks that the UK State is a Government Pension, but clearly there are posters who believe this to be the case. Having said that, it will really come down to how the RD interprets ' State Pension ' and if they deem it as taxable in Thailand then I think some people are going to be really disappointed and up s**t creek without a paddle, if that is their only source of income.

This, for a variety of reasons. Some of those reasons have nothing to do with money or a lack thereof. Sure, they are the people who can identify that their homeland is crap or heading to the dogs. It's called experience, and if you do not have any experience, you will not know any different.

Indeed, thanks for posting. Hopefully further information will be forthcoming in the not too distant future, that will dispense with a lot of speculation and bring absolute clarity. No issues with filing a ' Nil Return ' or something similar should it be required.