Many thanks for the detailed information. As a 69 year old Brit, with failing sight, brain and basic facilities, I apologise if my questions have already been covered, but I am still wondering, if I fall foul of any tax laws in Thailand. As you get ancient, the last thing you need is complicated documents each and every year.
Your post stated:-
UK State pension on the other hand is not covered by a DTA so it is assessable income in Thailand
And:-
0 – 150,000 Exempt
150,000 – 300,000 5%
300,000 – 500,000 10%
500,000 – 750,000 15%
750,000 – 1,000,000 20%
1,000,000 – 2,000,000 25%
2,000,000 – 4,000,000 30%
Over 4,000,000 35%
So does that mean a person over 66 years of age in receipt of UK State Pension, can claim for all of the below ?
a. Personal Allowance for self - 60,000
b. Personal Allowance for wife - 60,000
c. Over age 65 years exemption - 190,000
d. 50% of pension income received, up to 100k - 100,000
e. In addition, the first 150,000 of assessable income is zero rated and free of tax
a +b +c +d +e = 560,000 Thai Baht
As the UK State Pension = £221.20 a week from the new tax year on 6 April 2024.
£221.20 x 52 weeks = 506,105 Thai Baht (approx.) Therefore no tax is paid ?
What about bringing in money to purchase car or house, is that going to be taxed at above rates, meaning you will need pay 35% on purchase of a house ? and tax on credit card use ?