about the thai tax policy for capital gains in case of retirement visa.

say i stay in thailand on retirement visa, and have capital gains

from investments in a bank account outside thailand - will

i have to declare those gains and pay taxes on them in thailand,

while i stay in thailand for few years on retirement visa?

Yes,  when you receive your tax return to fill out you must declare that income.  However my feeling is that you won’t be sent a tax return 

6 hours ago, tgeezer said:

Yes,  when you receive your tax return to fill out you must declare that income.  However my feeling is that you won’t be sent a tax return 

WHY is that your feeling and why did you budder to reply if you feel this way???

Scott - what is your tax home/nationality?  

 

If US, read the tax treaty here, Articles 24 & 25 are germane. 

https://www.irs.gov/pub/irs-trty/thailand.pdf

 

Despite the "current year income" clause,  in actual practice, it's not really an issue I give any thought to anymore.    I filed a Thai tax return a few years ago to recover some Thai bank interest, and the government tax staff did give me a bit of an examination about my situation and US based pension and investment income.  But in the end, US/Thai Tax Treaty held.  Non-issue, unless you make it one. 

Edited January 16, 20188 yr by 55Jay

3 hours ago, tgeezer said:

Yes,  when you receive your tax return to fill out you must declare that income.  However my feeling is that you won’t be sent a tax return 

He won't get a tax return unless he registers himself with the Thai tax authorities.

Is it necessary to know Thai in order to file a tax return. Thanks

20 minutes ago, Master Jairam said:

Is it necessary to know Thai in order to file a tax return. Thanks

No. 

I am sorry if I shouldnt have put this query under this topic. But am I obligated to and if so how soon should I file my returns for business income earned in fees in Thailand? My CA in India wasnt quite sure about it. Anybody knowledgeable please assist. Thanks!

Is it necessary to know Thai in order to file a tax return. Thanks

Even if registered they are not really interested in expats paying tax. People who I know including me are registered and have tried to pay.

3 minutes ago, wombat099 said:

 

Even if registered they are not really interested in expats paying tax. People who I know including me are registered and have tried to pay.

 

Really? I am surprised. Are you joking? :-) Like you I would like to be registered and pay whatever tax is due so that I have a stake in the welfare of the Kingdom. Honestly. Can you please elaborate what you were trying to say? Thanks!