The Cyclist

If you have P60's covering funds coming from the UK into Thailand, I think you will be safe from Thai taxation. I have 2 pensions coming into Thailand and have P60's and Statements of future payments, The P60's show annual amount of income and tax paid. The Statements of future payments show the monthly amount and the tax deducted. State Pension, I have no idea as I cannot claim it yet. Any monies remitted to Thailand that has not been taxed, or you cannot show where it has been taxed, will most likely incur Thai taxation. O&G workers for example, working in tax free places and having their wages paid direct to Thailand. I think many people are panicking and doing Chicken Little impressions over nothing.

A Brit here and his viewpoint There are some headless chickens on here that protest too much, or are trying their utmost to spread fear and panic. For reasons known only to themselves. New tax law from 1st Jan 2024 Deposit account with extension money, no deposits and no withdrawals since 2010. New tax law will have no effect on this account $ account. No deposits since Jan 2020. New tax law will have no effect on this account. As all deposits made prior to 01Jan 2024. Main account. 2 x UK Pensions paid direct from the UK, both taxed in the UK and land in Thailand to the tune of around Baht 115k a month. Pension 1. Government ( Forces ) non taxable as per DTA. Pension 2. Private and apparently taxable according to the DTA. Pension 2, I have just emailed a change of bank details. Last payment to Thailand will be on the 15 Dec. Therefore ( as best as I can tell ) I will have no tax liability in Thailand after the 01 Jan 2004 as the only money remitted to Thailand after this date will be my Forces Pension. For those worrying about proofs. Both my Pensions send me annually a P60 and a statement of future payments. The P60 contains the annual amount and the tax paid. The Statement of future payments contains the monthly payment and the amount of tax deducted. I am quite confident that the P60's and Statement of future payments will be more than adequate to satisfy the RD.