andre47

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?

23 minutes ago, Foxx said:

 

That's a misreading of the (admittedly poorly written) article.  That amount refers to corporations - two paragraphs about corporations in the middle of an article about personal income tax.

Correct, the article is not to be understood clearly.

What does the word "platform" mean? If companies are meant, they have always had to declare all types of income in their balance sheets, haven't they?
 

But the crucial point is that the tax system in Thailand is now being turned completely on its head. If these changes are realised, it will completely change the expat scene here.

1 hour ago, phetphet said:

In my case, the UK has a double tax treaty with Thailand, so my private pension is already taxed. But as it’s not enough to live on, I also have to bring over some savings each month. 
This is what worries me. How to prove payment of tax on savings earned over the years? How far to go back?

Why do you think that you have to prove payment of tax on savings earned over the years?

7 minutes ago, Mike Lister said:

Por 262 confirms that any income accrued prior to 1 January 2024 is free of Thai tax, please read number 3 in the attached link.

not free of Thai tax...just not taxed under the new rules, but under the old rules

 

9 minutes ago, Mike Lister said:

There is no proof that the TRD uses LIFO to assess the contents of commingled funds, that is speculation at this point.

True, there is no proof, but it is very likely...

24 minutes ago, Mike Lister said:

There is nowhere on the tax return forms to declare excluded income. It is not a requirement to list non-assessible income

 

There is also np requirement to prove anything, unless audited and asked to do so.

I agree. You seem to be right about that. 

6 minutes ago, DrPhibes said:

Yes, depending on each countries tax treaty, some items of income are excluded from declaring (such as US Social Security), some types of income are taxable to the country you where you reside with a tax credit to the country where the income comes from if taxed there, and some are taxed only in the country you reside in. Each countries tax treaty is different on the aforementioned treatment.  You really think the TRD is going to be versed on each countries tax treaty?  They can't ignore them,  these are actual treaties between countries that are higher than any authority the TRD has.  Do taxes in the US for a living with about 50 guys living overseas.  Not sweating this until there is more clarification out of the Thai gov.

 

As far as I understand the Thai tax law, you must report all amounts that you transfer to Thailand in a year in your tax return, regardless of whether they are taxable or not. You then state the origin of the respective amounts and whether you consider them to be taxable or, if not, for what reason they are tax-free. You will probably have to prove the reason for exemption for amounts that are tax-free.

47 minutes ago, oldestswinger said:

For what it's worth, about a week ago I went to my local tax office in Bangkok and told them that I wanted to apply for a tax identification number (TIN).

They asked if I had any income arising in Thailand. I replied that I did not and lived on my pension from the UK.

They said that I therefore did not need a TIN and would not issue one.

I said that I understood that from 1st Jan foreigners would be liable for tax on money brought in from abroad. They said that they had no information on this and wished me a good day.

you should look for a new tax office.

I went to my local revenue office and got the TIN without any questions. 

If you have a bank account in Europe the bank demands from you a TIN. When I live in Thailand more than 180 days per year I am tax resident in Thailand and I can obtain a Thai TIN.

The price for my medicine has increased 28% since last year.

another observation:
6 weeks ago a bought some medicine in a Uttaradit which I bought before always in Pattaya. The price in Uttaradit was 50% cheaper. 

21 hours ago, DrJack54 said:

No it does not.

It's all about continuity of permission of stay.

Traveling throughout Thailand and even international travel with a reentry permit does NOT require a TM30 upon return to your home address.

 

That TM30 is required if you do change of address. 

Different from just random changes.

 

The TM30 laws were changed June 2020.

Sadly CM decided to ignore that.

Stupid office 

In Pattaya this has changed. Last time when I needed a Certificate of Residence they looked at my 90 days report and my last enter into Thailand and she said that now you have to report TM30 each time after you entered Thailand within 24 hours. If you travel within Thailand the TM30 is not needed (for Pattaya Immigration)

My understanding is that money that I earned and paid tax on before I became taxable in Thailand can be brought to Thailand tax-free. 

4 hours ago, ChaiyaTH said:

I need them quite often for purposes, I always pay 1K baht to a notary to translate and seal it. They state what the document is, my name, address, passport number etc, always works.

Guess for official purposes with governments you would need to translate at the MFA.

I do same but pay just 500 Baht 5555

29 minutes ago, Kalasin Jo said:

Did you get it? You don't say. What did your Thai tax office want from you to issue the TIN.

in Pattaya/Jomtien - certificate of residence and my passport (and a photo (not sure anymore)) - 15 minutes very easy

I went to the revenue office and asked for a TIN. Many foreign banks want you to show a TIN in order to be exempt from the final withholding tax. I have no income in Thailand and have never filed a tax return.