The Cyclist

The whole thread, consisting of 161 pages is mostly speculation. Having said that. Did they amend any Laws to make the changes that are starting on the 01 Jan 2024 ? Pretty sure they simply changed the meaning and never ammended anything. Our realities mean jack ****. The OECD on the other hand is a different kettle of fish. Whether we like it or not. These changes are being introduced to close loopholes that have allowed people to ( legally ) avoid paying tax. Up to 20 million baht tax free ' Gifts ' of untaxed income is the epitome of tax avoidance.

None of that is in doubt. Neither is the reason for this rule change starting on 01 Jan 2024 in doubt. But when you want to play by the big boys rules ( OECD ) then you abide by the big boys rules, and there is no way the OECD oversight team will be allowing tax free ' Gifts ' of up to 20 million baht a year from untaxed income remitted from abroad. Every single contributor to this thread could simply ' Gift ' their income / pensions / capital gains / any other to their other half / next door neighbour / special friend and this thread does not exist, tax lawyers / accountants are redundant etc, etc. Neither would there be a need for the RD to be employing additional staff up and down the Country. I'm not insinuating anything, I am giving you a cold hard reality.

Yumthai, what is the whole purpose of the changes that will take place from the 01 Jan 2024 ? I suppose it never occurred to you that this ' Gift tax ' will stay in place for ' Gifts ' that are gifted within Thailands borders. To allow ' Gifts ' of up to 20 million Baht, remitted from overseas to remain tax free is defeating the purpose of the changes coming into force from the 01 Jan 2024. Might as well not bother with the changes, as most peoples overseas income will now be converted to ' Gifts ' to continue with Tax avoidance.

Are you confusing a State Pension with a Government Pension ? My Government Pension increases by CPI every year, regardless of where I am in the World.

But they will do, if it is remitted from overseas. You know that loophole that they are closing, where people hold money offshore to avoid paying tax. I would really need some assistance in finding a ' moral obligation ' for a farang to gift his TG up to 10 million baht a year to do whatever she pleases with it, and it can remain tax free.

Not going to happen with any UK derived income. It is added together and then taxed appropriately at the going rate after PTA has been deducted. Income from the UK that is above the PTA, taxed on it you shall be, until the day you die.

And the point I am trying to get across Maintenance Income. Does the new interepretation of the rules effective from the 01 Jan 2024 not make all income remitted to thailand assessable for income tax for all tax residents of Thailands ? Perhaps it is just me. But I would think that tax free gifts of up to 20 million baht a year would be exactly the loopholes that they are trying to close.

Sure, although that could change from the 01 Jan It doesn't matter who the tax liability falls on. Tax will still have to be paid if it is not for * Education * Religion * Public benefit So I very much doubt that @Mike Teavee would gift his girlfriend 10 million Baht so that she can then donate it to one of the above.

It might be a bit difficult proving to the RD that the money was used for

That is what I thought and why I asked the question. Not just me that thinks that way then

Yes, I understand that you are talking about Thai Nationals. I am asking you if the they will pay tax on tax free ME salaries if they are non resident for tax purposes, ie, spend less than 180 days a year in Thailand. Just like Nationals of most Countries keep tax free earning tax free by sticking to their Countries rules. Remember this new interpretation of the rules affects people who are tax residents of Thailand, above 180 days in a tax year.

Are you sure ? Will they really pay Thai tax if they are not residents of Thailand for tax purposes ( Over the 180 day residency threshold ) ?

The same thing, Until I knew for sure what my tax liability was going to be. Doesn't really matter if it is between 0 and 80,000 or 0 and 800,000, it is all relative. You might have noticed ( but probably not ) I made a conscious decision to limit my income remiited after 01 Jan 2024 to a single source that might incur a Thai tax penalty of between 0 and 80,000 Baht. Nothing stopping anyone else doing the same thing.

Just a guess, but I would think it will be the DTA that matches your passport. Otherwise people would try and use whatever DTA suited them best.

Best place to be. It is what it is, no point in stressing over it.

That depends on what you think this new interpretation of the rule, starting 01 Jan 2024 is intended to do. 1. Close a loophole that has been exploited by Thais. or 2. Target the miniscule amounts of Expats / Retirees in Thailand. As the answer is most likely to be option 1. Then immigration / annual extensions do not apply to those people.

I might worry about that when it actually happens. Until then meh. By focusing on what I do know. Limiting my remitted income to my Government Pension. I might be hit with an annual tax bill somewhere between zero baht and 80,000 baht. To give that some perspective, I could do 179 days in Thailand and save myself somewhere between zero and 80,000 baht. Spend the rest of the year in the UK and fork out, Accommodation costs - zero Emirates return flight - 50,000 baht. Hire car UK - Conservative estimate, 30,000 baht x 6 = 180,000 Baht. Fuel - Almost double the Thai price. Household utilities - At least double Thai prices. Way more than any potential Thai tax bill. Or I could bounce around SE Asia in nearby Countries - Which is also going to cost way more than any potential Thai tax bill. Or I could save money, by accepting that things have changed, and at about 80,000 baht a year, I still think it is a good deal.

If you had bothered to actually look at the forms, you will see that they are in both Thai and English. I deduce that should do a little more research, and educate yourself. Why are you inventing stuff ? Crack on.

Calm down and await concrete details from the RD would appear to be a good solution at this stage.

Yes, you can Yes, they are.

Posted many times on the thread. Some people cannot see it, or cannot understand it I sat with a beer last night and worked out that by limiting my remitted income to my Government pension, I will pay somewhere between Zero ( Taxed in UK and covered by a DTA ) and 80,000 Baht a year ( Before applying any deductions ) To give that a bit of perspective, 80,000 Baht would hardly cover my CouncilTax bill if I was to flee back to the UK.

U tink 2 much

Despite 280 posts on this thread of hysterical doom and gloom, 10 minutes ago you post this Comedy Gold.

I have no idea what your major malfunction is. Yes, I know it is happening, I also know that it is real, and I also know that it starts on the 01 Jan 2024. Hope that is clear enough for you to understand. I have tried to keep it really simple. What no-one is clear on is how it will effect them as it is not yet set in concrete and liable to further changes. As highlighted by the lawyer from about the 9 minute mark. Is that clear enough for you ? Is there anyway that I can make that even more simple for you to understand. But I do, that is why I have stopped my Private Pension being remitted to Thailand, until I get further clarity on whether it is going to be taxed in the UK and then taxed again in Thailand. What I do not care for is the doom & gloom from some posters, which is absolutely unwarranted as no-one knows the details and the ones we think we might know, are liable to change. Your issue to deal with if you think that is argumentative.

You then have another 180 days of 2024 before any of it affects you. Plenty of time to come up with a plan and then execute that plan. Took me about 10 minutes to decide to stop remitting certain income to Thailand and about another week to get the paperwork, fill in the paperwork, send back the paperwork. And unless some drastic announcement, that is yet unknown comes forth from the RD, that will be the limit of any decisions that I need to make.