SCOTT FITZGERSLD Posted January 16, 2018 Share Posted January 16, 2018 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? Link to comment Share on other sites More sharing options...
tgeezer Posted January 16, 2018 Share Posted January 16, 2018 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 Link to comment Share on other sites More sharing options...
SCOTT FITZGERSLD Posted January 16, 2018 Author Share Posted January 16, 2018 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??? Link to comment Share on other sites More sharing options...
55Jay Posted January 16, 2018 Share Posted January 16, 2018 (edited) 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, 2018 by 55Jay 1 Link to comment Share on other sites More sharing options...
Just Weird Posted January 16, 2018 Share Posted January 16, 2018 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. Link to comment Share on other sites More sharing options...
Master Jairam Posted January 16, 2018 Share Posted January 16, 2018 Is it necessary to know Thai in order to file a tax return. Thanks Link to comment Share on other sites More sharing options...
55Jay Posted January 16, 2018 Share Posted January 16, 2018 20 minutes ago, Master Jairam said: Is it necessary to know Thai in order to file a tax return. Thanks No. Link to comment Share on other sites More sharing options...
Master Jairam Posted January 16, 2018 Share Posted January 16, 2018 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! Link to comment Share on other sites More sharing options...
wombat099 Posted January 16, 2018 Share Posted January 16, 2018 Is it necessary to know Thai in order to file a tax return. ThanksEven if registered they are not really interested in expats paying tax. People who I know including me are registered and have tried to pay. 1 Link to comment Share on other sites More sharing options...
Master Jairam Posted January 16, 2018 Share Posted January 16, 2018 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! 1 Link to comment Share on other sites More sharing options...
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