Ricohoc

Go to your branch and tell them you want to migrate to Biz Online. They'll set you up. A friend who was using the app wanted to migrate. Went to the branch. He used his account number and the temp password they gave him to log in, and then changed his user name and password to ones that he wanted. Nothing to it.

Me. I'm over 70.

Krungsri Bank is doing a fantastic job of migrating their customers into Biz Online who want to continue doing their banking from their PC. Within about 5 minutes after sending them an email requesting a temporary password for me and my wife, the phone rang. Very helpful bank representative walked us through the process over the phone. DONE. IN. Hat Tip to Krungsri Bank. I closed my account with SCB two years ago because they could not accommodate me doing my banking from home on the PC. Thank you, Krungsri Bank!

I've read about the Krungsri Bank allowing this migration, but I can't find any information on HOW to do it. I HATE using my phone for banking business. I do it all from my PC. SCB did NOT give me an alternative to migrate to their online Biz accounts. That's why I closed my account at SCB a couple of years ago and went to Krunsri. If you find out HOW to migrate to Krungsri Biz, please post it. Thanks.

Everyone with critical thinking skills understood THAT unintended consequence.

After watching things play out in an unserious way over several months, consulting an attorney and looking at my deductions, I stopped sweating any of this taxation in January 2025. But this good news certainly reinforces all of my thinking on this issue. Thanks for the heads up.

Did your attorney also have that view?

The Treaty of Amity states that Americans are to be treated as Thai Nationals. American pensions are not to be taxed just as the pensions of Thai Nationals are not taxed. Which attorney advised you?

According to the attorney, the Treaty of Amity, which only applies to Americans. According to the Treaty, Americans are to be treated in the same way as Thai Nationals. Pensions are not taxed.

The attorney I contacted in BKK was very clear about this as it applies to Americans here. My meeting with him was worth the minimum cost and consultation. Unless Thailand decides to throw out the DTA with the US and The Treaty of Amity with the US, I will not owe any income taxes on my pensions before I even calculate any deductions allowed in Thailand. I appreciate you outlining this well.

Absolutely correct. Little to no guidance at all; and every local office has a different answer.

Apparently so.

As those of us all know who have lived here for awhile: TIT. Keep your head on a swivel. Anything can materialize instantaneously out of thin air.

Probably bit off more than they could chew. Again.

You're correct, and there are several other scenarios that would produce the same result of NO TAXES OWED. I agree that requiring tax paperwork when nothing is owed may be a headache for immigration. Unfortunately, we're still faced with TIT; and there is no telling what may happen down the line to transfer the headache to us by requiring us to go to the local TRD and get a letter saying we don't owe anything. Of course, that would then require us to undergo an "audit of sorts" by TRD to prove/determine whether or not we owe. If that ever happens (and I don't think it will happen) I'll do what I need to do. It's part of just having a plan A, B, C etc. Head on a swivel.

Thanks for that info. After investigating my situation further, I won't need that deduction. All of my ATM withdrawals for at least the next 5 years or so are coming from savings prior to Jan 1, 2024. If that changes, both of my pensions from the US are covered in the DTA. So I'm free and clear until they find another way to get me. Thanks again!

Fortunately, I can show funds coming from pre-1-Jan-2024 savings for a dozen years. After that, social security and deductions will take care of all the years after that if current laws remain the same; but I'm not counting on it.

100% of what I brought into Thailand via ATM withdrawals came from savings prior to January 1, 2024 (and I have the receipts to back it up). If savings prior to January 1, 2024 is not a deduction, then the other current deductions and Social Security will zero out anything that I may owe. The US/Thailand DTA shows that both Social Security and state pensions are exempt. If that is honored, then that will zero out anything that I may owe. Looking forward to getting some more specific guidance from Thailand's RD, but I'm not optimistic in that regard.

End-of-year statement 2023 secured and waiting.

An end of year statement from my US bank will confirm funds held (millions of baht) in savings. As long as savings prior to Dec 31, 2023 are proven by bank statement, they're savings and not taxable under the current information.

Thanks for this. It seems to be different everywhere regarding the acquisition of a TIN, whether or not anyone owes tax, etc. from province to province. It's all very much like the differences at immigration offices. SO MANY unanswered questions by the Thailand government makes all the inconsistencies infuriating; and here we all sit.

Still way too much not specifically addressed in this effort to tax foreigners on funds brought into Thailand. There isn't even any kingdom-wide information on whether or not everyone needs a TIN and must file whether they think they owe taxes or not. - I have millions of baht on hand offsite in a vault. - I have millions of baht in US banks overseas prior to 2024. - I don't even deposit any funds in my 2 Thai bank accounts that exist only for visa renewal. - Funds brought into Thailand come through an ATM and remain in cash. Whether they tax us or not, I'm not anticipating having to pay any tax for a long, long time.

This reference to "living expenses" is something I have never seen before in these discussions. That is in the current tax law? That's the only reason I bring any funds into Thailand every month, and almost 100% of it is food, utilities, auto fuel, home maintenance. No rent, no loans of any kind to pay off, etc. Debt free.

After speaking to a representative at my local TRD office on Friday, as a tax resident, we are expected to file a return whether we have assessable income or not -- whether we owe or not -- if we are here 180 days or more each year.

I am 99.999% sure that I will be tax free -- unless there's a new wrench thrown in the mix -- but I'm investigating northwestern Laos just in case.