oldcpu

5 minutes ago, giddyup said:

No, I believe 100% what he said is true. I thought the tax year was from Jan 1 2024 to Jan 1 2025? 

Yes, but that is not the last 12 months. Last I checked this month is March.  Past 12 months is Feb 2024 to Feb 2025. If  your friend brought money into Thailand in Jan 2024, that is not past 12 months,  but it is still part of 2024 tax year.

29 minutes ago, giddyup said:

Just spoke to next door neighbor, who is French, he went to revenue office yesterday and even though he has not transferred any money from France in the last 12 months he was still charged 5000 baht. The Revenue officer started at 11,000 baht and my neighbor negotiated his way down to 5000 baht. It seems pretty obvious to me that this whole procedure is open to corruption.

Taxation in Thailand is by calendar year. Not by past 12 months. Also local income needs to be considered. Likely there is more details that you were not told.

18 hours ago, KannikaP said:

Aunty Edna does not have a Smartphone. Dunno why?

Believe it or not, it is possible with Wise to have the verification for a PC login to be sent to a smartphone, before the PC loggin allowed. If the OP set something like that up in error, it would cause them an issueif they have no smartphone.

Wise is working fine for me .. I have logged in multiple times in the past 3 weeks from Thailand,  Singapore and Australia.  I can log on both with an Android  smartphone Wise app and also from my laptop PC ( running GNU/Linux).  When I use the PC to log in, it sends a verification request to my smartphone for me to confirm it is me.

For the OP, are you certain a verification request is not being sent to your smartphone?

On 3/3/2025 at 5:21 PM, Desmond77 said:

Thank you very much. 

 

Certainly no regrets for us. Enjoying the tax free, hassle free life of being a LTR holder. Just filed my taxes for last year with the TRD. They have given me a tax refund and informed me that I am no longer required to file any taxes till my LTR expires in 2035.

That is interesting to read. Were you informed verbally by an RD official,  or did they provide such by other communication means? ( email, social media,  postal mail?).  I presume they included a caveat saying that was the case ( no tax return required) as long as any local Thai income you might have ( from investments) did not exceed a certain threshold. 

On 3/11/2025 at 11:16 PM, Patong2021 said:

Phuket is a bubble waiting to pop. If it hadn't been for the Ukraine war and sanctions on Russia, it would have popped  years ago. The Chinese are no longer there. The place owes its current prosperity to the presence of the  growing Russian and  Middle Eastern communities. That's who is buying the overpriced  new builds.

Phuket is 'cheap' relative to Bangkok.  But I suspect you know that.   Are both over priced?  Possibly.  Possibly not.

Yes the Russians and Chinese (yes the Chinese ARE still in Phuket despite what you state) have helped drive up Phuket real estate prices. 

While its true the numbers of Chinese are less than in the past, they are still present in Phuket and they are still buying real estate.  It is NOT just the Russians' buying. Not by long shot.

On 3/8/2025 at 4:17 AM, Everyman said:

 

There’s no way to tell if it will work on China. Just be prepared for the worst.

 

As far as outside China, it absolutely will not work outside China unless you have a Chinese ID card (meaning you are a chinese)

 

I am very surprised you were able to register at all for WeChat outside China. I could only do so once I was in China, 

My Thai wife uses WeChat in Thailand.

A Thai girlf friend of hers (who uses it extensively for business with clients in China) 'invited' her electronically to use WeChat.  I assume my wife's friend obtained WeChat functionality the same way (ie invited electronically by someone else with access).

In essence, I believe, in order to initially use WeChat (ie register a new account) and then use outside of Thailand, one needs to have an electronic invite from a person who has existing WeChat access.

My wife has had had WeChat functioning in Thailand for over a year now - so I supose it is possible that policy has changed for new members. But it definitely can work outside of China.

9 hours ago, CallumWK said:

 

Not sure what you try to say.

I'm not a native English speaker, but from what is written I can clearly understand that prior to 2024 income was only taxable if it was remitted in the same year.

Starting from1/1/2024 income earned after that date is taxable regardless of what year in the future you're gonna remit it.

I am trying to say the section in that link on Capital Gains and investment income is out of date and no longer correct.

39 minutes ago, henryford1958 said:

 

How do you claim this credit. There seems to be no line on the tax return that refers to tax already paid.

Indeed. .. and many of us have pointed out that Royal Decree 18 notes some DTAs can make some foreign income Thai tax exempt, implying not to be included in a Thai tax calculation ( obviously dependent on specific DTA wording) and hence since such DTA excluded income is exempt from the Thai tax calculation and hence since not to be included in a Thai tax return,  it may even mean ( on absence of other assessable income) that no Thai tax return is required.

The specific wording of the DTA with Thailand is very relevant and needs to be understood.

Obviously this is my understanding.  Others on this forum have very different views.

7 minutes ago, CallumWK said:

 

Clearly explained here

Residents who derive assessable income derived from outside Thailand would only be subject to tax if such income is earned in any tax year starting from 1 January 2024 onwards and is remitted to Thailand, wholly or partially, in the same or a later tax year.

 

As for the rest of your remarks, yes indeed the website is not 300 pages long, so will have some details missing.

True, but read what it states about capital gains, where the article contradicts itself. .. contrary to por.161/162.

27 minutes ago, CallumWK said:

Just stumbled on this website, and found it to explain things pretty good in a simple way.

 

https://taxsummaries.pwc.com/thailand/individual/taxes-on-personal-income

 

An interesting web site, but I believe a bit out of date in at least one place. For example it states:

"Capital gains and investment income earned by a resident from sources outside Thailand are not taxable unless remitted to Thailand in the year of receipt."

That is incorrect according to por.161/162.

Further, some tax management aspects were not covered .. For example:

The "gift" section fails to mention that a gift exemption is invalid if the gift is from a person in Thailand who is using in part the gift to benefit this person giving the gift.

The DTA section is very slim at best, and it is the DTA aspects that most retired expats likely need to fully understand all nuances. The DTAs are very relevant in regards to tax management.

On tax returns,  it fails to note some income is not to be considered assessable per Royal Decree 18, and hence not included in a Thai tax calculation to assess whether a Thai tax return is required. This is very important and should not be overlooked, but yet it was overlooked.

I believe the content associated with the link is in need of an update.

2 hours ago, TheAppletons said:

 

  The post was intended as a dig at one particular AN poster... .... Of all people, I thought you would get the joke.  Guess not.

I didn't get the joke, however after your explanation it does read to be a good post. 

8 hours ago, TheAppletons said:

 

 

lot

/lät/

https://ssl.gstatic.com/dictionary/static/promos/20181204/pronunciation.svg

pronoun

 

one anonymous internet user

"there is a lot of speculation on this topic"

 

adverb

 

isolated posts on a small corner of the internet

"he speculated a lot on this topic"

 

 

"A lot of speculation" means there is a great deal of guessing or theorizing about something without sufficient evidence or knowledge. 

A very short research on that would have provided you with that answer.

6 hours ago, KhunHeineken said:

Last I heard, Phuket had the highest road death of all the provinces in Thailand, and given that Thailand is in the Top 10 countries in the world for road death, that makes Phuket's roads the one of the most dangerous in the world.

You heard wrong.  Bangkok and Chiang Rai have higher motorcycle road deaths than Phuket.

6 hours ago, KhunHeineken said:

 

The reason is, the tax mafia and their high prices pushes everyone into a car or onto a bike, even after drink. 

I seriously doubt that. 

Some statistics for you :

Thailand is #9 for road deaths globally, although it is #1 for motorcycle deaths.

80% of the Thai road deaths are motorcycle deaths. Less than 4% of those motorvycle deaths are foreigners

The most affected age group is 18 to 29 year olds

The deaths are predominantly male.

Most who died weren't wearing a helmet.

Now lets consider Phuket:

Again. Bangkok and northeastern provinces ( such as Chiang Rai)  have a larger amount of motorcycle road deaths. 

The point here is Taxi Mafia are not the cause of a high # of motorcycle road deaths in Phuket.

And as noted, the "hold" of the taxi mafua has in the most part been broken as internet taxi booking apps is pushing them aside. Only in Patomg and to a lesser extent Kata and Karon do the taxi mafia still resort to violence and intimidation to try and monopolize on their expensive taxi service. And their hold there is no longer what it once was.

However you also should know most expats don't need to use the taxi mafia nor motorcycles. Most expats have cars.

So while the remaining taxi mafia can still be found in noted areas, most Phuket expats don't give the taxi mafia a second thought as they are not affected.

Again, it reads that you are out of touch with the current Phuket situation.

2 hours ago, 5davidhen1 said:

 

I was NOT asked for ANY documents relating to tax. 

Thanks.  As you have experienced,  it is not a requirement to show tax documents when going for an extension. 

There is a lot of speculation on this topic which imho is not warranted.

4 hours ago, koolkarl said:

Never said it was a requirement.  CRS agreement gives a member country knowledge of one's assets in other CRS  member countries.

That's OK if true, but it's not accurate what you typed.

I gave nothing to hide re my income sources, and I follow the law while carefully and legally managing my tax exposure. 

Thailand taxes local income and taxes remitted to Thailand income. At present it does not tax global income if not remitted to Thailand.

31 minutes ago, KhunHeineken said:

Everyone has to access to a vehicle in Phuket, otherwise, you are at the mercy on the land transport mafia.  They have been slowly killing Phuket for years.

The tax (land transport) Mafia are a PIA for certain.  However they are FAR from killing Phuket. Rather Phuket has been booming as of late, with lots of new development and rental and real estate prices soaring.   How can a place be booming and killed at the same time? 

I do agree no expat (nor tourist) likes the taxi mafia.

However,  there is now alternative transportation and not  just the taxi mafia,  which the taxi mafia tried to stop and they failed miserably.

I don't know where you get your information from Phuket being killed by (the highly annoying and over priced taxi mafia) but you are clearly out of date. Yes they still are annoying and they still dominate in Patong and some western beaches, but their hold has slipped massively elsewhere.

You are simply out of date.

31 minutes ago, KhunHeineken said:

Little wonder that Phuklet has one of the highest road death stats in Thailand, which puts it on par with the highest road death stats in any country in the world.

Motorcycle death statistics are horrible across all of Thailand, and for certain Phuket is no exception.

3 hours ago, KhunHeineken said:

Keep telling yourself that long enough, and you will believe it.

Show me an official immigration statement that as of today that every foreigner expat tax resident must show proof of filing an income tax return to obtain an extension. Official proof - across all Immigration offices.

You can't.

You can't because it is not true. 

This is nothing more than your speculation that YOU ARE TELLING YOURSELF LONG ENOUGH THAT NOW YOU BELIEVE IT.

As the saying goes, you tell on yourself by what you say to others.