gamb00ler Posted November 2, 2018 Share Posted November 2, 2018 On 10/1/2018 at 4:50 AM, simoh1490 said: Yes that's the one, it will happen sooner or later. The US has clamped down in similar areas, non-resident green card holders who are paid US Social Security (pension) are now taxed at source at a rate of 24.5% with NO opportunity to recover the tax since they are no longer allowed personal exemptions on their tax returns - it's soft target time on planet earth You should check this tool from the SSA to help determine if you are subject to the witholding that you describe. SSA page Link to comment Share on other sites More sharing options...
Bill Miller Posted November 15, 2018 Share Posted November 15, 2018 On 3/2/2018 at 7:30 AM, ezzra said: A resident of Thailand who in the previous tax year derived assessable income under Section 40 from an employment or from business carried on abroad or from a property situated abroad shall, I think the keyword is "assessable", i.e. wages or business profit. Any tax goniffs know if pension payments are exempt? Link to comment Share on other sites More sharing options...
Scottjouro Posted November 15, 2018 Share Posted November 15, 2018 5 hours ago, Bill Miller said: I think the keyword is "assessable", i.e. wages or business profit. Any tax goniffs know if pension payments are exempt? Why would it be ?...is pension tax excempt in say the UK or US or Aussie ?...no ....if it exceeds certain threseholds One could argue that an overseas pension is not taxable given it wasnt "earned" or source is Thailand One could also argue pension payments which are not taxed at foreign source, and person is tax resident in Thailand could/should be paying tax in Thailand One day pensioners in Thailand may have to declare their tax affairs in Thailand and if tax had not paid already on the money they may find themselves liable for tax in Thailand Link to comment Share on other sites More sharing options...
Bill Miller Posted November 16, 2018 Share Posted November 16, 2018 6 hours ago, Scottjouro said: Why would it be ?...is pension tax excempt in say the UK or US or Aussie ?...no ....if it exceeds certain threseholds One could argue that an overseas pension is not taxable given it wasnt "earned" or source is Thailand One could also argue pension payments which are not taxed at foreign source, and person is tax resident in Thailand could/should be paying tax in Thailand One day pensioners in Thailand may have to declare their tax affairs in Thailand and if tax had not paid already on the money they may find themselves liable for tax in Thailand Yes, in the US your social security pension is not taxed until a certain threshold. It is why I asked if any tax boffins know the answer, not a bunch of "well maybes". Thanks anyway. Again, is there anyone who knows if foreign retirement, i.e. pensions, are considered "earned", taxable income under this regulation? We can speculate until the kwai come home, but somebody, somewhere, has the answer. Link to comment Share on other sites More sharing options...
Scottjouro Posted November 16, 2018 Share Posted November 16, 2018 4 hours ago, Bill Miller said: Yes, in the US your social security pension is not taxed until a certain threshold. It is why I asked if any tax boffins know the answer, not a bunch of "well maybes". Thanks anyway. Again, is there anyone who knows if foreign retirement, i.e. pensions, are considered "earned", taxable income under this regulation? We can speculate until the kwai come home, but somebody, somewhere, has the answer. Well and maybe are the only answers you will get here, for a defintive answer ask the Thai tax department or retain a tax lawyer at PWC in BKK Link to comment Share on other sites More sharing options...
jak2002003 Posted November 16, 2018 Share Posted November 16, 2018 Been here many years now and it still say 'none resident' on my passport... so that is that. Link to comment Share on other sites More sharing options...
JimGant Posted November 16, 2018 Share Posted November 16, 2018 Quote Again, is there anyone who knows if foreign retirement, i.e. pensions, are considered "earned", taxable income under this regulation? Foreign pensions may or may not be taxable in Thailand, dependent upon the tax treaty between your country and Thailand. The Thai/US tax treaty has government pensions, to include Social Security, taxable only by the US. Private pensions, however, are taxable by residents of Thailand if brought into Thailand in the year derived. Thus, to avoid this don't have private pensions direct deposited into Thailand but filter through a US bank account. https://www.pwc.com/th/en/tax/thai-tax-booklet.html Link to comment Share on other sites More sharing options...
Scottjouro Posted November 16, 2018 Share Posted November 16, 2018 11 hours ago, jak2002003 said: Been here many years now and it still say 'none resident' on my passport... so that is that. Actually it says " Non-resident", and thats to do with legal residence status, not residency for tax purposes, 180 days or more a year in Thailand and you are resident for tax purposes...so that is that Link to comment Share on other sites More sharing options...
Jaggg88 Posted November 28, 2018 Share Posted November 28, 2018 As An Expat, Why Do I Pay Tax On My UK Pension? https://www.expatnetwork.com/tax-resident-uk-thailand/ Link to comment Share on other sites More sharing options...
Dumbastheycome Posted December 6, 2018 Share Posted December 6, 2018 A question of "tax location jurisdiction". If an original national place of residence is provable by way of address and ongoing accounts such as energy and telephone billing then and the absence of any "residency" status in any other country then it must be assumed the individual is on an extended holiday. Link to comment Share on other sites More sharing options...
sometimewoodworker Posted December 7, 2018 Share Posted December 7, 2018 10 hours ago, Dumbastheycome said: A question of "tax location jurisdiction". If an original national place of residence is provable by way of address and ongoing accounts such as energy and telephone billing then and the absence of any "residency" status in any other country then it must be assumed the individual is on an extended holiday. That would be nice, but tax offices have no interest in you tax residency status in any other country, in deciding if you are tax resident in thier county. It is quite easy to be tax resident in 2 or more counties at the same time. Link to comment Share on other sites More sharing options...
sometimewoodworker Posted December 7, 2018 Share Posted December 7, 2018 On 11/2/2018 at 11:26 AM, RotBenz8888 said: So you've gained income and been tax registered in Europe, and yet spent over 180d per year in Thailand the past few years, then one day, your decide to tax register in Thailand. Will the rules according to the Double Tax Treaties still apply for any possible retroactive tax? Registration (getting a Thai tax number) makes no difference as to your tax status, if you spend sufficient time for tax residency, you are tax resident. If you haven't filed tax forms and you should have, and you should have paid Thai tax you probably need a tax professionals help. Link to comment Share on other sites More sharing options...
Dumbastheycome Posted December 7, 2018 Share Posted December 7, 2018 4 hours ago, sometimewoodworker said: That would be nice, but tax offices have no interest in you tax residency status in any other country, in deciding if you are tax resident in thier county. It is quite easy to be tax resident in 2 or more counties at the same time. True.....if you are a tax payer in any other country. Tax Departments have a priority interest status of tax residency on that basis. Other Departments have interest in residential status for different priorities.. To date that has worked for me as a non resident non taxpayer in Thailand being provided annual permission to stay. Link to comment Share on other sites More sharing options...
sometimewoodworker Posted December 7, 2018 Share Posted December 7, 2018 13 minutes ago, Dumbastheycome said: To date that has worked for me as a non resident non taxpayer in Thailand being provided annual permission to stay. Depending on the number of days you spend in Thailand in a year you will be resident for tax purposes. However as far as I know it is not difficult to have no tax liability in Thailand if you don't work here, though if you are using money in the bank you are almost certainly a taxpayer but you can probably get all of that back by filling a tax return. The revenue department will be unlikely to tell you that unless you ask. Also unlikely to require a tax return if you don't want to bother to get your money back. Link to comment Share on other sites More sharing options...
Jonmarleesco Posted December 8, 2018 Share Posted December 8, 2018 On 3/2/2018 at 7:32 AM, steven100 said: so you stay 179 days .. and go out and back in. Not in the same tax year, you don't. Link to comment Share on other sites More sharing options...
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