andre47

1 hour ago, hotandsticky said:

 

Errrr.....Jomtien Immigration

You are the first I know who was told such a nonsense....(if it is true what you are posting  5555)

My last 15 years the officer never checked where the money came from....He always just checked the balance.

28 minutes ago, hotandsticky said:

 

 

When using the incomed method, at Jomtien Immigration, I had to go to Kasikorn bank, Pattaya Klang international department to get a certificate stating that the funds were received from abroad. 

who told you that?

1 hour ago, JamesPhuket10 said:

 

Not true.

 

In addition to the bank statements we must provide a signed letter from the bank on the day we apply for the visa stating we have 800k in the bank, it only takes ten minutes and 100 baht in my local bank, so I suppose we could ask them to include a statement detailing the fact the money has come from abroad. 

no, it's just the balance that counts, if you are using the 800K method

THB 800,000 in a bank account in Thailand, 2 months before and 3 month after the visa application
the remaining time it should not fell lower than THB 400,000

15 minutes ago, ravip said:

Unfortunately, I did some AUD to THB transfers already using the "personal expenses" option - so I guess those will not count for the 800K

 

I wonder if the option 'buying property' is ok with Thailand's rules?

for the 800K method the money don't have to come from abroad. it's just the balance which must be 800K.

2 hours ago, Yumthai said:

My point is TRD has no reach outside of Thailand (unless criminal case + international warrant), so any well written piece of paper is an uncontested proof. But of course there's always the "at their discretion" that makes law and rules pointless.

The CRS give informations about all your offshore accounts. The RD could ask you to provide the bank statements for these accounts.

You have to proof your tax declaration. If the RD have any questions you have to answer these questions. If your answers don't satisfy them they will estimate your tax or even open a crimanal case.

5 hours ago, ukrules said:

 

This will be a pain in the arse if they proceed with it, it's one of the very few reasons I stayed in Thailand when I first came.

 

For 2024 and 2025 at a minimum I will be a non resident anyway and split my time between Thailand and Cambodia with a little holiday somewhere else to avoid residency in any country, you can do this depending on where you come from - but not if you come from some countries and it depends on how long you've been away from your country of nationality.

 

It might be time to purchase somewhere more permanent down here in Cambodia. I'm going to look into that if they do manage to get this proposed law change through parliament in the next 10 years or so. Being Thailand i wouldn't hold my breath on that.

 

This is where the CRS data could be of use to them, right now they can only tax remitted income making the CRS data completely useless to them as you could earn a couple of million dollars per year, see it in your bank accounts but they can't touch it as it's outside the scope of the current legislation. But with worldwide taxation in place CRS data becomes important. Right now though it's useless to them if they even get it.

It might be difficult for you to keep your bank accounts in any OECD country if your don't have any tax residency (TIN).

28 minutes ago, chiang mai said:

This means that income derived prior to this date will be subject to the previous rule: it will only be taxed if brought into Thailand within the same tax year it was earned.

Maybe I just misunderstood you.

This is exactly what I meant.

7 minutes ago, chiang mai said:

At least three posters have tried to correct your understanding of this, if you insist you are still right then feel free. The downside of course is that your interpretation will mean paying tax on income where no tax is due, if you're OK with that, have at it.

You are interpreting, I am reading:
 

“The provisions of paragraph one shall not apply to assessable income arising before 1 January 2024.”
"of paragraph one shall not apply" (from Por 161)
 

This Por 162 does not change anything what was/is applicable law before 1.1.2024.

8 hours ago, chiang mai said:

Well in that case, it must be that you are right and everyone else is wrong, including PWC, Sherrings and Mazars! 

I don't say it...it is very clear written in Por 162 (if you can read)

22 minutes ago, sometimewoodworker said:

Por 162 grandfathered the pre 1/1/2014 situation so that no income gained before 2024 became taxable that Por 161 would otherwise have made taxable 

agree, Por 162 refers only to Por 161 and has no effect on the regulations that existed before 1.1.2024

2 hours ago, chiang mai said:

Yes it is, Por 162 says it is so:

 

https://sherrings.com/foreign-source-income-personal-tax-thailand.html

No, it doesn't....

Here the Por 162 translation
https://www.expattaxes.com.au/wp-content/uploads/2023/11/Revenue-Department-Order-No-P162A-2023.pdf
 

“The provisions of paragraph one shall not apply to assessable income arising before 1 January 2024.”

It just says that the new regulation does not apply to assessable income arising before 1 January 2024.

It does not say that the old tax regulations are void.

2 hours ago, stat said:

For example here an interview with TRD (to my understanding it was directly with TRD)

 

https://www.bangkokpost.com/business/general/2818689/navigating-new-foreign-income-rules

 

Then there was also the clarification that income generated before 2024 was not liable for taxes, these small kind of clarifications. Nothing of the kind like 50 pages with Q&A and rules how to implement the new tax interpretation.

This is just a "explainer" from a Bangkok Post SENIOR ECONOMICS REPORTER...therefore no binding information.
 

The legal situation is clear:
1. The old rules apply for the period before January 1, 2024 and the new rules apply after that.

It is not written anywhere that all income before January 1, 2024 is tax-free.

8 hours ago, stat said:

https://www.companythailand.net/tax-residence-certificate/

 

And maybe not even this tax certificate is enough for the German IRS.

this company is amazing  555
they ask for 12000 baht to assist in getting a TIN....
you can do it youself very easy...just take a certificate of residence from your immigration and your passport and visit the RD... after 15 minutes you will get your TIN

14 minutes ago, stat said:

Does anyone know how long in retrospect you can hand in a tax declaration in Thailand? I am planing to hand in a 2022 tax declaration in order to get a tax certificate. Is it possible to do that in 2026.

Background I will be in TH in 2025 or 2026 if the ww income tax debacle does not come to pass in 2024 or later years.

Thanks!

Why do you need a tax certificate for 2022?

You can declare your tax for the last 10 years, if you want/need. 

However, it is possible that late payment penalties and interest may then have to be paid for the late payment and, if taxes have to be paid retrospectively, default surcharges and interest. In theory, criminal proceedings are also possible if taxes were deliberately not paid.

24 minutes ago, Searat7 said:

The article in Pattaya Mail yesterday looks very credible to me and a 12/31/24 deadline for bringing in old savings was clearly given. I see this as closing a loophole.

dream on...

23 minutes ago, motdaeng said:

 

that's new to me. how reliable is this source? 

 

https://www.pattayamail.com/latestnews/news/new-tax-rules-for-foreign-sourced-income-464735

All income earned before 1 January 2024 is subject to the old rules.

2 hours ago, JackGats said:

I understand all that. My point was you may end up without any documented tax residence, in which case any country where you spend some months,  or where you are banking, or of which you are a citizen, is allowed to claim you as taxpayer.

"documented tax residence"
good point...Is it enough to have a Thai TIN and can proof to stay more than 180 days in the country or is a tax residency certificate necessary?

4 hours ago, redwood1 said:

 

Sir corruption is not a risk in Thailand corruption is a respected institution practiced on all levels...

The ink was not even dry on this tax before everyone and their brother were figuring all ways not to pay jack....

good luck with that

7 minutes ago, BusNo8 said:

I'm new to really drilling down on this and not read to the contrary. The discussion about tax treaties just vague and fleeting that id run across.

Perhaps you should inform yourself better before you write such things

9 minutes ago, BusNo8 said:

I found a great news article on TE website and somewhat informed.

 

I have savings to last a few years, but thinking about bailing out six months a year. Anyone else?

 

If I'm USA and double taxed ...

I can't afford it, it's not worth it and I'm not paying it.

 

Can we get a poll in a week or so when the news goes viral?

why do you think that you will be double taxed?