black tabby12345

Thank you for your time and energy devoted to answer my question. I am not a US national. But I found your advice sounds very useful. Please allow me to forward some more queries. 1-Don't I have to apply for TIN until I really need it? The dramatical change of my personal circumstances is unlikely though. 2-No penalty for a tax resident not having TIN(not proposed)? 3-How long does it take, from the application to the actual issue of that number? 4-Is it easy to sort out tax return on your own(not relying on an accountant)? 5-When I lodge tax return in Thailand, do I have to declare my whole annual income back home(including the amount not remitted to Thailand)? 10% non-resident tax is taken from my interest income. Do I need to submit any papers to prove it is already taxed home? 6-Once you get TIN, does TRD contact you periodically? I thank you again for your kind reply.

Amount of the interest earned back home is now less than USD4000. Rollover timing coincided with the lowest interest rate period in my country(2020-2021). Amount will improve for the forthcoming years though. Yes, I have been living on the money that is already here.

Hello, Mr. MIke Lister, I have been in Thailand as a retiree(on Non-immigrant O by fund-in account method) for more than 10 years. My personal circumstances: 1-I usually stay here for full year. 2-Income: Interests from: Thai bank(annual amount less than THB30000-.15% Withholding tax applied). Home country(10% Non-resident tax deducted). And the country of my citizenship has a tax agreement with Thailand. Therefore no double taxing on one same income. No other income sources from elsewhere. 3-Not receiving any pensions. 4-I have not remitted any money from home this year. And unlikely to do so for the next few years. Currently living on the fund transferred to Thailand in the past. In such a case like this, Do I need to apply for TIN/lodge a tax return in Thailand? I contacted a few tax agents(for foreigners) in Thailand. And explained the above details. But they are keen to avoid definite answer(intending to charge hefty consultancy fee from the advisory meeting they are willing to arrange).