oldcpu

Neither is there any Capital Gains if a large amount of the money was held in cash.

The Thai RD web site also gives this very similar looking PDF (its in a slightly different directory - it could be identical): https://www.rd.go.th/fileadmin/tax_pdf/pit/2566/271266PIT95.pdf Which also states "Highly Skilled Professional". Those forms do NOT appear to be intended for any LTR visa holder other than the LTR Highly Skilled Professional , but I don't know. I am no expert. And this is what I found via an "LTR" search. For all I know (or don't know which is likely more accurate) there could be other items which don't show up in such a search. It makes sense to me that LTR Visa Highly Skilled Professionals should be 'singled out' for a tax form, as I believe the Royal Decree indicates they (Highly Skilled Professional) need to submit a tax form. .

I don't know anything about this. After reading your post I went to the Thai government Revenue Department web site, and using their 'search' function I did a search for "LTR". It provided this PDF link: https://www.rd.go.th/fileadmin/tax_pdf/pit/2565/271265PIT95.pdf ... so yes, there does appear to be a tax form that mentions LTR visa ... But frankly - I need to 'digest' this a bit as it is not clear to me if this is applicable to all LTR visa holders. It might be. It might not be. It does state "Highly Skilled Professional" so maybe it is only applicable to such. I don't know (yet)

I have a yellow Tabien Baan. That is what I had in mind when I typed " where the person (Thai or farang) is the owner and registered as living in that property" ... I did not think it possible for a foreigner to register in the local city hall against a property (as their primary residence) without one having a yellow Tabien Baan (unless one is a permanent resident to Thailand). I guess I should have been more specific.

To the best of my knowledge, if a property (such as a condo) is one's primary residence in Thailand where the person (Thai or farang) is the owner and registered as living in that property, then no property tax for the property (condo for a foreigner) is due.

... and if they were 100% in cash on 31-Dec-2023? Do you still hold that opinion? How about 95% in cash? Do you still hold that opinion? How about 85% ? 75% ? 50% ? 25% ? I think you see my point.

Some years back I went for a Type-OA one year extension at same time my 90 day report was due. This was at Phuket Immigration. I didn't have to say anything. The IO immediately noted this, he entered some things in his computer, and handed me a slip of paper when next 90 day report due. So perhaps as suggested this is Immigration office specific or maybe even individual IO specific.

There are reasons. Instead of 90 day reports, one year reports. Access to fast track / priority line at airports immigration in Thailand, bypassing the economy class crowds lined up at immigration. Cheaper than a typo-O (with multiple re-entry) over 10 years. And in case of typo-OA additional advantage of self insurance and foreign health insurance acceptance (not possible with type OA). Of course the assumption is for LTR is one has the right financial status. If one doesn't have that then the LTR is not applicable.

At the 10 year point, when considering another 10 years I suspect advanced age or no future intent to reside in Thailand for many years ( where one doesn't expect to be alive or stay in Thailand another 10 years), or a negative change in one's financial status. Don't get me wrong. I prefer LTR over type O, but things can change in one's life.

It may be a bank tax ID number.

My view is to not worry about it. Others may have a different view.

No need to distort anything.

In Phuket , for my Kor 22 (foreign marriage registration) the update had to be done at the Phuket Municipality office. My wife uses the Thai word: เทศบาล

Further to this - I had this done during the days when COVID was just starting, so I disliked the idea of travelling to Bangkok (as travel inside Thailand was becoming difficult). It turns out (for foreign marriage certification) there was a translation service company in Bangkok that offered this service. I had to provide them limited power of attorney, courier a bunch of documents (passport copies, original marriage certificate, wife's ID copy ... etc.. ) and they DID ALL THE LEG WORK - going to Canadian Embassy, going to MOFA, doing translations ,etc ... and courier back all official completed/approved documents. Prior to sending such to Bangkok, and I was griping/bitching on this forum that it looked to be a PIA, and Ubon Joe (rest his soul) set me straight, advising me to look for a translation service which for a nominal amount of money would handle all of such. Is that applicable to you? I don't know. Perhaps you tried such already with a service which did not know how to properly do this? or perhaps its not practical. Before doing such my Thai wife and I did carefully communicate with the translation service to confirm they knew exactly what had to be done, and after, before proceeding, that we double checked to confirm what they stated was correct (ie contacted both the Canadian Embassy and MOFA prior)

In Phuket , when I used to be on a Type-OA (and later a Type-O) non-immigrant visa, for my annual extensions, the map I had to draw was directions from the local Immigration office to the Phuket condominium unit where I lived. In the case of Phuket immigration , the Phuket immigration volunteers note on their web page that Phuket immigration asks those going for an extension to provide: "Map to Residence with GPS coordinates"

It puzzles me because on a different matter getting my marriage (in Canada) to my Thai wife registered in Thailand, i had to: (a) have our Canadian marriage certificate officially translated and certified at the Canadian Embassy in Bangkok (possibly not in that order), and (b) have my Canadian passport (!) officially translated to Thai (c) the above documents taken to a the Ministery of Foreign Affair (MOFA) in Bangkok for their certification of the copies. (d) and other some local detail - not relevant to this thread. The point I want to make, is a Canadian document had to be certified by a Canadian government organization (in this case the Canadian Embassy in Bangkok). I don't understand how the Thai Embassy in London would be qualified to certify a British document. it make more sense to me that a British organization would have to certify such. But I fully concede - i don't know what goes on between Thailand and Britain, and those who have done this before are the best one's to answer. Best wishes in your efforts. .

Don't forget there is the Thai Revenue Department (RD) documents Paw.161 and 162, where my understanding is they state that any income/savings from before 1-Jan-2024, if brought into Thailand anytime in the future is not taxable (and I believe not assessable income). So if you have enough money in the UK, you don't have to dip into year 2024 nor 2025 income as the money you bring into Thaliand is pre-1-Jan-2024 money. Having to have something certified at the Thai Embassy in London reads strange to me. Are you certain that is not having it have it certified at the British Embassy in Bangkok? .

Ok - apologies - and perhaps topic for a different thread but ... Short form: Have you checked with the French pension office to see if you can change this by a small OFFICIAL pension payment? Long form: I worked for just over 4.5 years in Germany in a Germany registered company, and I initially only contributed to the German pension system for those 4.5 years. One needs to contribute to the German pension system for 5 years (in addition to working for some TBD period (I can't recall details)). I went to the local German tax office (with a German friend who could translate if needed - but as it turns out a translator wasn't needed). The German pension official was very helpful. He noted because of an agreement between Germany and Canada (where I worked for 27 years in Canada) that time working in Canada qualified me for a German pension , IF I would have contributed for 5 years to the German system. The German pension official then did a calculation, and advised if I sent the German government some amount of money (to bring my contribution from ~4.5 years to 5 years equivalent). He printed out on the spot an official letter advising me of this. As soon as I was home that night, I immediately transferred money to the German government, and within about a month or so I started receiving a pension. A few months of pension payments PAID for the amount I gave to the German government. Mind you, I was 20 years older than you. So ok ... at age-45 you are not old enough to receive a pension ... but keep your records here ... and when you have the chance , dependent on your circumstances, it may be worth your while the next time you are in France to visit the government office to see what if anything can be arranged. And if you have already done such - my apologies for (1) suggesting an investigation you have already done , and (2) apologies for slightly side tracking this thread.

If the money you transfer from outside of Thailand can be credibly shown to have been in place before 1-Jan-2024, then I believe per Thai Revenue Department documents PAW.161 and 162, the (in effect) savings you bring into Thailand is not only not taxable in Thailand , but I believe it is not treated as assessable income. i.e. no Thai tax return needed. No Thai tax ID needed. There are also DTA (Double Tax Agreements) between Thailand and the source country of you income which may mean no assessable income (and it may not - the DTA needs to be examined). As noted , if your money you bring in is from before 1-Jan-2024, then there likely is not need to even think about visibility of such transactions - as I suspect it would be irrelevant. BUT - I am far ... very very far ... from being an expert on this Probably a good approach. Maybe (??) in the next 6 months this should become very clear. I believe many expats are still waiting for the year-2024 Thai tax return forms to show up, so we can see if any important to changes to note, in comparison to the 2023 tax return forms , ... which may provide the clarity we seek (to satisfy ourselves) on this situation. https://www.rd.go.th/english/65308.html I keep checking but I have yet to see an English language 2024 Thai tax form. That is a good 5 years before me. I purchased a USED (not new - USED) Apple-II+ (6502 cpu) back in March-1981. 64 kb RAM and 2 floppy drives (128 kb each). I paid $2,500 CDN$ for it. Even thou used, it felt like a power house at the time.

Do you have a Thai spouse? Dr.Jack54 is FAR more knowledgeable than myself here, but at age-45 I think you can only go for a Type-O if you have a Thai spouse?

If the the OP goes for a type-O retirement extension, would the OP not be required to stop working briefly in Thailand, until they switched back again to a Type-O marriage extension?

I don't know if i am fully correct either. I simply try my best. I did decide for the next few Thai taxation years NOT to bring money into Thailand. I have the luxury of already having savings brought into Thailand such that I can do that. My intent is to wait and see what transpires in the next few years - and hopefully it will be VERY obvious then as to what absolutely without question, without debate , must be done. Then again - This is Thailand ... so perhaps one never knows. No. Such transactions are NOT something I delve into. When I travel outside of Thailand in different foreign countries, I use my Wise debit card (where I fund that card from money saved in Canada and/or saved in Germany). When in Thailand I use a Thai credit card ( and I obtain points plus other perks from that Thai credit card). I suspect my situation is very different from yours.

I live in Phuket. I don't have any advise. I have some experience, but my situation is very different from yours. My Thai wife, thinking I should get a Thailand tax-ID, applied online for me to get a Thai tax ID. That online application goes to Bangkok based RD office and Bangkok forwarded it to the Phuket RD office. A Phuket RD official phoned our place, my wife answered the call and all the talking was in Thai. My wife told me later she was asked am I staying in Thaliand for >180 days in a taxation year (she answered yes) and what was my income source? My wife says replied I had no Thai income, and only foreign pension income, where at the moment (since before 1-Jan-2024) I was bringing no money into Thailand. The Phuket RD official advised if I had no Thai income and if I was bringing no money into Thailand, I did not need a Thai tax ID number. So he stated he would not give me a new tax-ID. When my wife asked if my pink-ID # could be used for an online Thai tax return, the RD official advised that was possible but that the pink-ID # had to be activated first as an online tax-ID # (to be used for an on-line tax return submission). I am also on an LTR visa and my wife asked if on an LTR visa, and if I then bring current year income into Thailand, can I then get a tax-ID and need to file a Thai tax return? The Phuket RD official advised he never heard of an LTR visa, that he would look into this, and phone back. The Phuket RD official NEVER phoned back. So I can only suppose he (and the Phuket RD office) either doesn't know yet, or they know but can't be bothered to phone me back (possibly - I hope - because on an LTR visa I won't need a Thai tax ID), or possibly because he has been busy and thus forgot about the promise to phone back. My suspicion is the later (he forgot). As for your situation, you ARE bringing income into Thailand. Assuming that you stay >180 days in Thailand in a taxation year , then I believe you need to familiarize yourself with the Double Tax Agreement (DTA) from the source country where you receive your income. That may give further clue as to what your requirment is here in regards to whether you have adequate assessable foreign income to need to get a Thai Tax ID and file a Thai tax return. That is my experience. I suspect you could also go down to the Phuket RD office and simply sit in their office to get 'official' advice. You may need to sit for a long time. I may do the same some time in the (distant) future. Good luck and best wishes in your consideration.

I did a double take on that (working on a Type-O visa) , and then I recalled that those on a Type-O visa, are allowed to be employed in Thailand if they are married to a Thai citizen. Hopefully my recollection is correct. Be certain if going for an extension on your type-O visa to go for a marriage extension (based on being married to a Thai person). Note the approval process for a marriage extension can take a long time (compared to that of a retirement extension - where those on a retirement extension are NOT allowed to work in Thailand). So if you elect to go for an extension, apply as soon as it is possible/permitted to apply. And if my understanding is wrong here, I hope others chime in and correct me.

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