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What are the latest requirements for the 800000 baht renewal of the retirement extension 

2 minutes ago, DrJack54 said:

Yes FTT is a BBL code.

Folk need to check with their bank after obtaining their 12 month bank statement.

If any monthly transfer (for income method) is not shown as from abroad then they will require credit advice.

I use Kasikorn. I fully expect some of my WISE transfers would be sent to BBL then as a Thai bank to bank transfer.

 

Kbank uses says they are a foreign transfer but only in the Thai version of the statement 

1 hour ago, KhunHeineken said:

In most cases regarding foreigners here, the wife is "the child support." 

Understand but I have court order giving me 100% custody 

Another case would be if the mother is dead and the father is looking after the child

Simple question the 120000baht figure is for a married couple, if not barrier but have a child to support would that figure be 90000baht

53 minutes ago, KhunLA said:

I don't think so.  They want it 'from the bank', with a bank stamp & signature.   That's what the Imm offices want why I extend.

 

3 different things from the bank ...

... record of deposits, (credit advice) 12 months, if doing the 65k monthly route.

... print out of yearly statement

... statement of current balance.   With that, you should make a transaction and update bank book, so they again, on the day of applying or day before.   Imm office dependent.

Are you saying that you still need to do  the account details the same as doing the 800000baht as well as showing 65000baht every month

I have just downloaded a statement from my computer in Thai, i then did a Google translate and it translates as a foreign transaction, so maybe a translation problem 

Will the immigration accept a statement downloaded from my computer in Thai

Hua Hin 

I have just got a statement for my renewal from Kbank. I notice they changed the title of my foreign deposit from FTT to Trade Finance, is this ok with the Immigration 

6 hours ago, chiang mai said:

No a little, a whole bunch!

 

Suggest you read the introduction to Thai tax.

I thought a simple question might get a simple answer

I am a little confused to what is going to be taxable in Thailand

Is it money brought into Thailand or only taxable income in the UK

And any interest received on savings from before 2023 is not viewed as taxable in Thailand

Went to Kbank Blupot Hua Hin all that was required was NI number, post code and passport

I took a timed photo of the lady that did me form all finish in about 10 minutes 

As anybody had an E-mail from Kbank asking to fill out 3 forms and return to them

Or is this a scam

22 minutes ago, BritManToo said:

Or spend under 650kbht a year in Thailand and only risk a tax liability of 3kbht.

 

(Personal allowance + wife's personal allowance + over 60s allowance + child in school allowance + pension income allowance + 2% tax rate on first 150kbht of taxable income)

 

That's if they even bother to try and tax retired foreigners living in Thailand, which I seriously doubt will ever happen.

If you have any saving before 2024 why pay any tax.

I will say 500000baht (my tax free  allowance is 555000baht) is related to my tax income the rest from my savings before 2024. That way it leaves me with enought Thai tax free allowance to claim back my Thai savings with held tax

I have also have received a letter from my UK bank stating what my savings we're before 2024

15 minutes ago, chiang mai said:

 

Yes, I am aware of those dates. The Thai Revenue permits an extension past 31 March, for people who file their return electronically, I think it is until 8 April.

 

The point of all of this is that by end March, early April, UK expats will be in a position to file ther Thai and UK returns with current and complete data. The poster asked if the overlapping years presented a problem and I don't think it does. I file both returns and I know by early March, what my numbers for both returns will look like.

 

Are you saying that you are going to file the same tax figures you get from the UK on your Thai return 

8 minutes ago, chiang mai said:

Not really. The UK ends 5 April whereas Thailand filing period ends 31 March, a five day difference. 

I think you will find that March 31 is the last date to file for tax, the Thai tax year ends 31 December

Will the UK and Thai tax years being different create a problem with the DTA

Also check other banks some of same interest 

Why are people worried about how to bring money over I thought it was only taxed on money earned and brought over, not all money transferred 

3 minutes ago, Phulublub said:

You can certainly state that - I will be doing much the same, but with the addition of non-assessable income (Government pension).  BUT I have statements of my assets as at 31 Dec 23 and will be maintaining records of what I transfer so, if I am ever audited by TRD will be able to clearly show that my stance is correct, legal and I have no tax to pay.

 

PH

If I bring less than my allowance will I be able to claim tax back from my savings in Thailand 

I think that I understand that tax position is it that any money earned and brought into Thailand is taxable

What if I state that I only bring into Thailand the amount of earnings that is covered by my tax allowance and the rest of the money is from my savings from before 2024 would this mean I will not have to pay tax 

7 minutes ago, KannikaP said:

Yes, totally agree, so that's why I asked the question.

A bit silly that a baby needs a passport, and it is valid for 5 years, using the same photo. 

I think they use the eyes mostly for childrens passport recognition 

I do not have anybody to countersign my photos for a UK passport renewal. Has anybody renewed their passport without photos being countersigned 

Does anybody know if you bring more than 120000baht into the country whether you are required to submit a tax return 

26 minutes ago, Mike Lister said:

https://www.rd.go.th/fileadmin/download/english_form/220364guide-allow.pdf

 

 

Sorry I have looked through this form but I cannot see where it says school fees are deductible only say a child allowance of 30000baht

4 minutes ago, Mike Lister said:

Educational fees are, I don't believe Gifts are or even should be.

Are you saying school fees are a deductible in full or is there a limit