UKresonant

I found this quite an interesting view, for general comment on DTAs...

Yes, like the SRT park in Bangkok, have to hire the bike though if you want to cycle, but you can walk round optionally, great excersise facilities (similar in many parks other locations, like and the cycle paths south of Hua Hin.) By mentioning double pricing, I think it represents a disappointing factional attitude, for which I could not guess as a percentage, except much less than 100%. As some ticket sellers cringe a bit. Whilst others exude a different body language, the kind of posture that hopefully RD shall not have....

A. 1. not for the non-O, 90 day Single entry visa, based on retirement. (the one year ME Non O-A visa does require it). A. 2. The Health cover for the O-A visa practically is probably going to be a Thai Insurance provider as the certificate they require to be signed by a home country / overseas provider, it may be a little difficult to achieve. Quite likely you may find a clause deep in the Thai providers T&Cs, that says cover is not effective until you have been in 6 months (out of 12) in Thailand. Therefore there may a practical difference between actually gaining cover for your benefit and having a policy to meet a O-A visa requirement. (unless anything has recently changed). "They used to say the links to TGIA companies was sometimes note as "courtesy links. https://longstay.tgia.org https://longstay.tgia.org/document/foreign_insurance_certificate.pdf The certificate does seem to be improved slightly from the last time I looked at it some time ago, it used to say cert i.a.w Thai Cabinet Resolution , blah blah, and overseas company were not keen to sign it! It now has "...the insured person is insured by health insurance in accordance with the law and regulations for foreigners who apply for the Non-Immigrant Visa Type O-A (period 1 year).." so maybe just as difficult, as the non-Thai provider will have no knowledge of that, so can't actually sign.

I did worry about it for the last 6 years. Within that period, only one year that I exceeded 179 days, and that relied on the remittance from previous years. Potentially and likely an end to simplicity is the way I see it, implemented in just over 50hrs time, with effect sometime in June. (99.9% of my income is automatically taxed, or does not require tax deducted, in home country, so not any avoidance concern). P.s. also, everyone, remember the leap year extra day for counting the threshold

That would be the theme I would be feeling, not even a pass to avoid multiple entry fees at various venues, national parks and maybe even some health facilities. The ticket vendors may say that I'm still just on a slightly extended visitors visa, for which I couldn't really dispute that aspect I suppose .

Only for his reference to tax just following the timestamp noted. (perhaps his concern may be replicated by other totally character diverse individuals) But I would note that the channel owner noted his lack of concern over the issue, and seems very laidback about it, whilst "the chap" responded that his income was mainly pension related, that may influence his outlook on the subject. Everything else, I make no judgement on him, excepting a comment of the hope she avoids socialising with Thai expat gamblers once in the US, in response to another commenter.

Inbound overseas income, remitted during the same calendar tax year has always potentially had the need for a tax return. Depending what amount and type (certainly since I first looked at the subject in any detail back in 2017 / 2018). There was no way I would be over 179 days when taking some retirement benefits in 2018. It was by far a situation to be avoided, to be potentially asked to explain my financial transactions of 2018 in Thailand Always remitted previous years income / savings 2019 until we decided the son would return with me to do his high school in the UK (turned out to be just before COVID ), so a short experiment! What puzzled me was why it did not seem an issue in the past for people for folk directly crediting income in the same year. Maybe the thinking before that was it was a good thing for money simply being sent and spent into the country! (not a bad concept). [ un-related ramble;-Now they feel, it is perhaps better to emulate the inefficiency of other countries politicians and systems, to be part of that social group. Why did they not just step the savings if past years to 24 months initially, rather than midnight at the end of the year. they could in the interim put an 0.25% admin on inward remittance as a quick result, below say 20 million baht, supplemented with a few random checks. Then concentrate on the potentially high yielding targets over 20 million inbound, with CRS etc.]

If they go to taxing global income the Median Golden Goose may transform to be a Median of Silver+ Goose perhaps, won't kill it though (will always be the first impression groups that are not thinking with the CPU bit of their chipset and also the massive pool of lottery winners).

Snapshot of my thinking 1 minute ago on CRS...Till I read something else These example extracts, seems to be a theme ....non- reportable accounts are jurisdiction specific in that what is low risk can vary.. .....the following are to be considered non-reportable accounts:  Retirement and pension accounts  Non-retirement tax favoured accounts....(within a longer list) As almost all substantial items are parked in these, CRS does not seem to be much of a concern, should I become occasionally tax resident in Thailand in the future. Reported end of year account balances will likely not be spectacular enough to cause concern or curiosity, excepting perhaps siloed savings from 1st Jan 2024 onwards, created from the fully taxed similarly siloed in a separate bank, pension stream, which is the only current source that can going forward be remitted to Thailand I think. and All provided they keep the remittance basis(with the 180 single year definition.. Though should they copy the arrogant tax system of home country in the future (Global), the ball is burst most likely (can only play one half <179, unless they made Tax residency 270 days or more in a single calendar year , unlikely ). Some concern still, would be ending up in any confrontational situation with RD, they want documentation I don't have, or it stamped by someone who knows nothing about it anyway, or impossible to obtain. I watched a Japanese you-tuber who explained that some restaurants at his location in Japan, had signs say no tourists /foreigner, it was not that they did not like them, but wish to avoid any stressful situation caused by language or culture clash. Similar apprehension over a possibility of having to deal with Thai RD perhaps, .

Good to know.

It would be likely if over 179 days I'm obliged to do a tax return anyway... "(2) You were married and your income combined with that of your spouse exceeded 120,000 baht in the tax year"

The problem may be having them accept pre 2023 savings, that it has been taxed already (non-LTR) Just watched this at time 14:50 where a similar concern is raised. My savings were configured for the old rule, to bring from previous year (if required), but were not isolated or documented for 6 years down the road to prove they were post-taxation.

Many years ago you could get two x60 single entry TR ( maybe 3) tourist visas put in your passport, at one application. Dad used to get two at one time, sometimes. But that must of done a border bounce. That was probably 15 years ago!

Also if all your home country cards, transactions are in Thailand over a long period, a home country bank will likely to ask you to clarify your tax residency situation

The smaller transactions may have to be the minority of transactions and maybe concentrated in two months out of four or it may flag up as a bank debit card withdrawal would. (could always put a subscription for flyer points etc on it .) If you use your card every month for cash , where if you make a withdrawal Quarterly irregular, your just on holiday?

Can't know for sure if above or below 180 days before application. Application may not align with tax year (and if it were an extension, may not be in Thailand at renewal point, (that's partly why I've never done an extension, ever) In the same way if you buy a Thai health insurance policy and often in the T&Cs it says you must be in Thailand for 6 months in 12 to be covered. It's only going to be a question when posed from a assumed template or anticipated behaviour. They could always issue a 10 year, multi entry, 180 day per entry, visitor visa, with no 90 day reports, like the wife has for the UK . ( Though it's up for renewal in a couple of years). Just that she hardly ever gets time to use it! But has a need to have one.

https://www.gov.uk/hmrc-internal-manuals/international-exchange-of-information/ieim402780 Does this relate to pension transfers maybe... IEIM402847 - Pre-Existing Individual Accounts: Lower Value Accounts: Standing Instructions Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Standing Instructions Where at the time of review there are current standing instructions to transfer funds to an account maintained in a Reportable Jurisdiction, the account must be reported unless the UK Financial Institution obtains or currently maintains a record of: a self-certification that the Account Holder is not tax resident in the Reportable Jurisdiction; and a form of acceptable documentary evidence which establishes the Account Holder’s non-reportable status. [see IEIM402760] There will be a standing instruction if the Account Holder has mandated the Financial Institution to make repeat payments without further instruction from the Account Holder, to another account that can be clearly identified as being an account maintained in a Reportable Jurisdiction. Instructions to make an isolated payment will not be a standing instruction even when given significantly in advance of the payment being made.

So the answer may be ; Yes it has been taxed at 20% and the retirement Extension costs >81250 THB/ month gross of income + transfer fees, for their selected countries, that cannot get an Embassy income letter since 2018ish! So if it has not been taxed 65000 remitted - tax over 65 ~8000 = 57000 net to live on? What kinda proof?

That would be a good clarification for Thai RD to put out even if they said below 2 million THB pension or similar. It would perhaps save them a lot of non-yielding, can't see the wood for the trees effort. Then not inflicting much stress and anxiety on many. Also void potential cutbacks of inward remittance from sources they imply are not their intended targets anyway. Would be better than the DTA don't worry generalisation possibly

That's the way I would anticipate it to be for 2024 income, reportable 1st Jan - 31st March 2025. (Not very functional until they provide a facility to at the same time, list the claimed credit relief, (rather than Just writing a letter to them). Though I am just watching from the side lines . E.g. 100% of each selected taxed pension remitted to Thailand, with it's corresponding credit relief value, gross pension, paid net of tax to bank, should all add up fine. No extra tax on DTA only in home country entries, perhaps a little on other entries. Can see that seems do- able. Though I cannot see how in any practicality, if bringing in home savings (post 2023) to Thailand, in say 2028 if tax resident, that when they say that they need proof that it had been taxed previously, that it could be presented in the same way or detail. Only in general that the savings pots were created from taxed income, but multi years, multi pre-taxed sources. So cannot see do-able, only if non-tax resident. Overseas home country financials are not likely to be designed (say 9 years before) record wise, in anticipation of Thai RD expectation perhaps.

Cross reference with Immigration database, passport as primary key.

Yes, generally agree, but in my case the flight and car etc are maintained anyway, that's why if they moved from remittance to Global later (as a news article suggested) , it would significantly not work well for myself as they would potentially want tax in Thailand, on UK tax exempt income, which would only be getting expended in the UK! The reverse of the problem the wife would have relative to the UK.

I'm hoping that is how it works in practice, and generally that's what they announced, when they said if you have a DTA it should not be a worry (or something like that. (Theme was that probably most posting here were not their targets) For mere mortals the important compliance is that you have shown you have been taxed somewhere, declared it and Thai RD are maybe due a wee bit of revenue? If in practice they end up doing a jobsworth analysis to the last satang, on a potential 20k baht liability, the negative incentive for people to not be here, for 6 month periods, or never coming to be tax resident where they previously had a desire to do so, would potentially provide an offset, though unmeasurable, by the loss of VAT and spend into the economy. Still hoping Thailand does not aspire to copy in detail the bad practices of other countries.

Reading it again that could mean your taxed where ever you are resident e.g. Tax free in NZ, taxable in Thailand. (If only it said citizen, rather than resident) Hopefully someone from NZ will comment, that is more familiar with your kind of scheme. [It may be the same problem that I would have with UK ISA's as part of retirement income stream, the dividends or gains are no tax in the UK, but Thailand may treat the income as normal dividends and tax them. It gets even more complicated as some people have a regular monthly withdrawal amount, as part of their retirement stream, which could be a random mix of from fractional gains losses and dividends and interest, impossible to define on a return]

Shouldn't be a problem dad does 3 x 59 Day trips equally spaced trips per 12 months, and has been for years, now tourist visas, was non-O ME before that and tourist visas before that (when you could get a few tourist ones at same application). (I'm thinking anyone totalling more than 179 days cumulatively in a calendar your could get in and potentially then get a problem going out in future )