JJ-Thailand

I understand it as any tax year in the future. Case 1 according to the official document by Thai revenue department.

Just make sure to save all statements, transactions and other documentation. However, I would be surprised if there will be any penalties for foreigners this tax year as the authorities have not yet updated the tax return guides and forms. They have also failed to educate the personnel at the local revenue offices. It is still a mess.

It is already implemented in Thailand; they got it all working last year.

A tax rate of 0% = No tax has been paid at source. It is not only about Thai regulations as double tax agreements override the local regulations, you'll have to read your county's tax agreement with Thailand. Download here: http://www.rd.go.th/english/766.html

They mean that any assessable income earned from this date and sent over to Thailand should be declared in your Thai tax return. Pension, dividends, capital gains, interest etc. You can claim tax credit if you have already paid tax at source, the double tax agreement between Thailand and your country will state which of the two countries has the right to tax each of your specific assessable income. All tax agreements with Thailand can be downloaded here: https://www.rd.go.th/english/766.html More, whatever was in your bank account on Dec. 31 2023 according to your bank statement can be sent over to Thailand anytime in the future without declaring it in your tax return. Make sure to save all proof in case they knock on your door in the future.

Do foreigners need to pay tax in Thailand? Read more in the only official document produced by Thai Revenue Department regarding the new tax definition regarding foreigners. https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf

The only official information provided by The Thai Revenue Department might give you some answers. https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf

Prostitution in Nana area, what a surprise. 😇😂😂😂

Looks like they don't act equally in the local revenue offices over the country. We will have to follow their advice, I guess.

I'll tell you why so many foreigners turn up at the local revenue offices around the country: The information from the authorities regarding the new definition of the existing tax code is lousy at the best. It is a disaster, and people are trying to understand what the hell is going on and what the rules are.

Why do they never stop at Zebra Crossings? Lack of common sense.

She might be wrong, check again. I asked at the Revenue Main Office if I could use the space at page 4, section 11, line number 13 for my tax credit and they said no. When I asked where to claim my tax credit they answered that the forms have not been updated yet and will not be until next year and gave me the advice not to file but keep all the documentation as proof that I have paid tax in another jurisdiction and that's what I did. From their official guide: No. 11 item 13. Withholding tax credit and tax credit for tax paid in accordance with ภ.ง.ด. 93 and ภ.ง.ด. 94 When you received income during a tax year, the law requires the payer to withhold income tax for some types of income. In some countries, this is called “pay as you go” or “pay as you earn”. In Thailand, it is called “withholding tax”. The payer is also required to issue you a withholding tax certificate similar to this picture. If the payer refused to issue a withholding tax certificate, the payer is subject to a criminal penalty. You may receive many withholding tax certificates if you have received income from different payers. The form should tell you how much of income tax was withheld. The withholding tax can be used as a tax credit. Other items may also be used as a tax credit, such as: 1. Income tax that you have paid using ภ.ง.ด. 94 (half year filing). 2. Income tax that you have paid using ภ.ง.ด. 93 (advanced filing). 3. Dividend tax credit (only in the case that you have filled in No. 3 item 5. and item 6. The amount is the same amount in No. 3 item 6. Please add up all the creditable tax in No. 11 item 15. This amount will then be deducted from your tax payable in No. 11 item 14. You will have to provide documents to the Revenue Department to prove the amount of withholding tax.

They are wrong, get it in writing and don't file. It is a mess.

Unfortunately, they'll be back.

To file or not to file has nothing to do with if your personal allowances are greater than your income. It only means that you don't have to pay tax, but you may still have to file, which depends on how many days you have been in Thailand in one calendar year AND the size of your assessable income.

There was a similar story with a half-finished monster building on Patong beach in Phuket many years ago. I don't know how that fiasco ended as I never went back. More money but in other pockets?

I was contacted by a broker that recommended Regency Assurance, he said that they were likely to accept my application but exclude my pre-existing conditions.

The same happened to me regarding dividends sent over to Thailand (tax already paid in US). They said that their forms have not yet been updated to include tax credit and told me not to bother if I had already paid tax somewhere else. Maybe next year.

The forms have not yet been updated. A lot of stuff is missing, maybe next year.

How about an offshore company registered in Hong Kong and a DTV in Thailand?

How about visiting a large private Thai hospital, they'll find out what's wrong.

Hopefully.

A white foreigner in Thailand calls another white foreigner for "Farang" is the same as when a black US guy call another black US guy for "Ni***r".

Do they speak English?

This government never fail to surprise me.