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2,648
Thai tax tangle: Expats warned of new rules on overseas income
Yes, and the law refers to 'assessable' income that is earned in Thailand and 'assessable' income that is remitted to Thailand. Assessable. OK? As noted, foreign remitted income can be tax exempt per Thai Royal Decree 18 (which refers to DTAs which in many cases can note foreign income that is tax exempt in Thailand). Further being tax exempt can mean not to be included in the Thai tax calculation (consistent with Thai tax law), and hence in effect remitted foreign income that is not assessable. The Royal Decree I pointed out is very relevant here. But strangely enough, you forgot about that, since you failed to list such. I wonder why? If they come knocking at my door? Do NOT hold your breath waiting. Since they denied me a tax-ID when I applied, ... maybe they will change their mind and provide me one now? Don't hold your breath waiting for that either. We have been through this detail before ... I did not earn any income in Thailand and I did not remit any money to Thailand and I have an LTR visa Visa. Further the money I would remit to Thailand (but did not remit) is exempt Thai income tax according to both the Thai-Canada DTA, and the Thai-German DTA. I remitted a LOT of money to Thailand when I was a non-tax resident (in Thailand for less than 180-days). Ahh ... but you say "if they come knocking". ?? Guess what? Don't hold your breath on that. Having typed the above, likely within the next few years I will remit some of my foreign money which is Thai tax exempt to Thailand per DTAs (and per the LTR-WP). Having typed that, if the laws stay the same as they are today, I will not be filing a Thai tax return (unless I start earning too much Thailand bank interest or other Thai income). To file such a return would be a waste of both the Thai RD time and a waste of my time. Now i am not avoiding tax. I do pay tax to a country outside of Thailand, where the DTAs with Thailand are relevant. Unlike yourself ??? I suspect you will find some Thai tax authorities DO pay attention to the content of relevant Royal Decrees that provide exemption to taxation for some foreign remitted income. Which as I note possibly exempts such from the Thai tax calculation (consistent with other tax exemption cases noted in Thai tax law), which by deduction indicates such exempt foreign income that is NOT to be treated as assessable income, and hence not treated in assessing if a Thai tax return is required. Which point of the above do you not agree with? My own view is possibly the area where one needs to focus (and maybe where your disagreement exists) in my logic above, is whether legally tax exempt remitted foreign income is also exempt from the tax calculation? That is an assumption where verification is IMHO ultimate useful to obtain. ALSO IMPORTANT : and I mentioned this MANY times in the past. There is NO PLACE in the Thai tax forms to list any such income as a deduction, even thou it is tax exempt. Before some where saying... just wait ... just wait ... it will be in the 2024 Thai tax return form. Guess what. The 2024 tax return is out. And guess what? It was not in such. Why ? Maybe 2025 tax form? Maybe 2026 tax form? Don't hold your breath waiting there either. I think it should be clear now, based on the deliberate RD omissions in the 2024 TAX RETURNS (and omissions in previous year) , and based on the Royal Decrees (in particular RD.18 which notes some DTAs provide exemption from tax), that there can be foreign remitted income earned in the current year that is not to be considered assessble income to Thailand and NOT to be included in the tax return. Frankly, if one ignores such, files a tax return, incorrectly lists their exempt income as assessable, one will find no proper place in the tax forms, and could end up inappropriately paying tax. Why? Because not all Thai RD know the details of RD.18 and RD.743, and details of many various DTAs. I suspect most branch RDs know none of such. So one is then inappropriately taxed , and then one is into appeal territory. Good luck and don't hold your breath hoping to succeed in an appeal. . -
145
Report Thailand Sees a Surge in COVID-19 Cases: Concerns for Public Health
Sadder still how many expats have to return home with their tails between their legs but still obsess about Thailand on a Thai forum. -
126
How did your dad influence your life
Online chat is nothing. You know its true. I lived with a friend for 3 months. Started talking like him. -
145
Report Thailand Sees a Surge in COVID-19 Cases: Concerns for Public Health
You will find most of them died with an MRNA shot, not because of them. People with cancer dying but the loons trying to pin it on the vaccines. Some people are really gullible. -
15
Due to AI: Now is the best time to be alive? But not 10 years from now?
An off topic troll post has been removed. -
126
How did your dad influence your life
That's why I avoid you and Lewie London
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