.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Campaign for fourth dose of vaccine to begin on Jan 14
-
Recently Browsing 0 members
- No registered users viewing this page.
Announcements
-
Topics
-
-
Latest posts...
-
32
Bad news for Harris, unemployment rises
So every 2nd comment is Russian bot? Strange theory -
32
Bad news for Harris, unemployment rises
Harris showed the value of the democratic system for selecting candidates. -
1,537
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II
My current tax advisor (also known as ChatGPT) has clarified the situation to me, and says: Me: I am a UK citizen who is tax resident in Thailand. The Double Taxation Agreement between UK and Thailand says: Part C – Article 25 – Non-Discrimination Nationals of a Contracting State shall not be subjected in the other contracting State to any taxation or any requirement connected therewith, which is other or more burdensome than the taxation and connected requirements to which nationals of that other State in the same circumstances are or may be subjected. This provision shall, notwithstanding the provisions of Article 1, also apply to persons who are not residents of one or both of the Contracting States. Thai citizens are not taxed on their aged pension. Do I, as a tax resident resident in Thailand have to pay tax on my UK aged pension transferred into Thailand each month ? ChatGPT Under the Double Taxation Agreement (DTA) between the UK and Thailand, the non-discrimination clause in Article 25 provides that nationals of one Contracting State should not be subjected to more burdensome taxation in the other Contracting State than that imposed on its own nationals in similar circumstances. However, there are additional details to consider in your case regarding the taxation of pensions. UK State Pension and Thai Taxation: According to the DTA, pensions may be taxed in the country of residence. In Thailand, personal income tax on pensions from abroad is generally subject to tax. Thailand typically taxes pensions received by its residents, including foreign pensions such as those from the UK. Thai Tax Rules: Under Thai tax law, pensions received from abroad are generally taxable. However, there may be specific provisions or exemptions that could apply, so it’s important to check the latest Thai tax regulations or consult with a local tax advisor for the most accurate advice. Application of Non-Discrimination: The non-discrimination clause ensures you should not be treated less favorably than Thai nationals in similar circumstances. However, this does not necessarily exempt you from paying taxes but rather ensures that you are not taxed more harshly than a Thai national in similar situations. To summarize, while the non-discrimination clause is a protective measure, it does not typically exempt you from the obligation to pay tax on your UK pension in Thailand. You would likely need to pay tax on your UK pension income in Thailand. It is advisable to consult with a tax professional in Thailand to understand your exact tax liabilities and ensure compliance with local tax laws. Me: Are Thai nationals, tax resident in UK, subject to UK tax on their Thai pensions if the pension payments are transferred to UK ? For Thai nationals who are tax residents in the UK and receive pensions from Thailand, the tax treatment in the UK would generally follow these principles: UK Taxation on Foreign Pensions: In the UK, pensions from foreign sources, including Thai pensions, are typically subject to UK income tax if the individual is a UK tax resident. This means that if a Thai national is a tax resident in the UK, their Thai pension income is likely to be taxed in the UK. Double Taxation Agreement (DTA): The Double Taxation Agreement between the UK and Thailand does not usually provide a specific exemption for pensions paid from one country to another. Instead, it generally allows each country to tax pensions but aims to avoid double taxation. This often means that the pension will be taxed in the country where the recipient resides (in this case, the UK). Tax Credits and Reliefs: To prevent double taxation, the UK tax system might provide relief. For example, the UK tax resident could claim a credit for any tax paid in Thailand on the same pension income, or apply for a tax relief under the terms of the DTA. Thai Tax Considerations: Thai nationals receiving pensions from Thailand might also be subject to Thai tax laws, but this would typically depend on whether they are still considered tax residents of Thailand or if the pension is subject to Thai tax rules even if paid abroad. In summary, a Thai national who is a tax resident in the UK would generally need to pay UK tax on their Thai pension. The DTA aims to alleviate the risk of double taxation, but specific details and reliefs should be confirmed by consulting a tax professional in the UK. Me: Is there any evidence of Thai nationals, tax resident in UK, having paid UK income tax ? ChatGPT Yes, there is evidence that Thai nationals who are tax residents in the UK generally do pay UK income tax on their foreign pensions, including those from Thailand. Here’s a breakdown of how this typically works: UK Tax Residency and Global Income: In the UK, tax residents are subject to UK income tax on their worldwide income, including pensions from abroad. This means that Thai nationals who are UK tax residents must report and pay tax on their Thai pensions in the UK. Historical Cases and Guidance: Various sources, including UK tax guidelines and case studies, show that foreign pensions are subject to UK income tax if the recipient is a UK tax resident. The UK tax authority, HM Revenue and Customs (HMRC), provides guidance that confirms this principle. Double Taxation Agreement (DTA) Relief: To address concerns about double taxation, the UK’s DTA with Thailand allows for relief mechanisms. Although the DTA itself does not specifically exempt Thai pensions from UK tax, it aims to ensure that taxpayers do not face double taxation. The individual might be able to claim relief for any Thai tax paid on the same income, but this does not exempt them from paying UK tax on their worldwide income. Examples of Tax Filing: In practice, individuals in this situation typically need to file a UK Self Assessment tax return, declaring their Thai pension income. They would then be taxed on this income according to UK tax rates, and any applicable relief or credit for foreign taxes paid can be claimed. Professional Advice: Many tax professionals in the UK handle cases involving foreign pensions, including those from Thailand, and ensure that clients comply with UK tax obligations while maximizing any available reliefs under the DTA. For specific cases or additional clarity, it’s always a good idea for individuals to consult with a tax advisor or accountant who can provide tailored advice based on the latest regulations and personal circumstances. -
1
Enter on Thai Passport leave on non-Thai passport : Is this allowed ?
he has to leave on same passport, as he has no entry stamp in Uk passport, should have entered on UK passport replacement passports are issued and sent quickly -
32
Bad news for Harris, unemployment rises
I couldn't agree more, with Harris we have the risk of continuing a democratic system, no drama to entertain us, and most of all the risk of not getting tired of winning. The thing I loved the most during the trump administration was how tired I was from winning. His Health care plan was incredible!! The middle east was solved , Many of his administration even managed not to go to jail. -
14
Best tires for Scooter. Michelin, Pirelli, IRC?
I know this is reviving an older thread. I recently changed from the IRC tires. They were good tires for a city like Pattaya if you are not racing around. The reason I changed is the IRC tires developed cracking all around the sidewall (I have many photos) and the date code says they are 2 years and 6 months old, bike parked in shade most of the time. Trying the Michelin City Grip 2 because they seem to offer great all around performance and people say they last a long time. The tire seems to ride a little softer, will see how they perform over 6 months and more. -
-
12
Trump Demands Transparency on U.S.-Russia Prisoner Swap Details
I demand transparency about Trump's comb over not to mention ear-gate.- 1
-
-
32
Bad news for Harris, unemployment rises
Yes, unless you're one of the people who lost their jobs. But in this case, they're predominantly those with only a HS diploma or less. And those are mostly the Trump supporters, so of no consequence to my portfolio.. -
1,018
5 year multiple entry DTV visa (Destination Thailand) from 2024-xx-xx
𝗦𝗼𝗺𝗲𝗼𝗻𝗲 𝗲𝗺𝗮𝗶𝗹𝗲𝗱 𝘁𝗵𝗲 𝘁𝗵𝗮𝗶 𝗰𝗼𝗻𝘀𝘂𝗹𝗮𝘁𝗲 𝗶𝗻 𝗛𝗖𝗠𝗖 𝗮𝗻𝗱 𝗴𝗼𝘁 𝘁𝗵𝗶𝘀 𝗶𝗻𝗳𝗼 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲𝗺 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗗𝗧𝗩 (𝗶𝘁 𝘄𝗮𝘀 𝗼𝗻 𝗮𝗻𝗼𝘁𝗵𝗲𝗿 𝗴𝗿𝗼𝘂𝗽) Dear Sir/Madam, - With regard to your inquiries, - Required Documents 1.1 A passport with a minimum validity of 6 months 1.2 A completed visa application form 1.3 A recent 4 x 6 cm photograph of applicant, affixed to the visa application 1.4 A financial statement for the past 6 months demonstrating a minimum balance of 500,000 THB 1.5 Documentation supporting the purpose of the visit 1.5.1 Workcation: Documents supporting the remote working status, which can be one of the following: (1) an employment contract from an employer outside Thailand; (2) an employment certificate from an employer outside Thailand; (3) in case of self-employment, a professional portfolio demonstrating the status of a digital nomad, remote worker, foreign talent or freelancer. 1.5.2 Activities: Proof of invitation or confirmation for the activity, or a letter of appointment from a hospital or medical center 1.5.3 Spouse and Dependent Children (under 20): (1) proof of relationship to the main DTV applicant/holder; (2) a copy of the main DTV applicant/holder’s passport, including the personal data page and DTV page (if applicable); (3) a copy of the marriage certificate (for spouse); (4) a copy of the birth certificate (for children); (5) a copy of the adoption certificate (for adopted children). 2. Processing Time: two working day 3. New Destination Thailand Visa (DTV) processing Fee: 340 USD (Visa Fees are accepted in US Dollars only and in cash ONLY) - Kindly note that all documents must be in English or Thai. If not, they must be translated. - The Royal Thai Consulate-General in Ho Chi Minh reserves the rights to request additional documents, interviews, or to disapprove as deemed necessary. - For appointment booking, please visit: https://hochiminh.thaiembassy.org/.../publ.../appointment... (The Royal Thai Consulate-General does not accept walk-ins.) - For application to apply visa, please visit: https://hochiminh.thaiembassy.org/.../publ.../appointment... Best regards, Consular Section, Royal Thai Consulate-General in Ho Chi Minh City 77 Tran Quoc Thao Street, District 3, Ho Chi Minh City hochiminh.thaiembassy.org -
1
Enter on Thai Passport leave on non-Thai passport : Is this allowed ?
Hi All, So my teenage son (Age 17) flew into Phuket from London a couple of days ago, he left London on his British Passport, got to Phuket showed his Thai passport which had just expired. Immigration allowed him in on his Thai passport and made a note in it ... We are in the process of getting a new Thai passport but there's been a couple of complication (Thai Id, Parental Control etc) He flies back out to England in one week, which means his EMS posted passport might not get to him in time. Will he be allowed to leave on his British passport? I would imagine YES but just wondered if any one has experiences of this... Many thanks in advance to all helpful comments ! Cheers BBJohnny -
142
EV Charging Stations (CS)
I woke up at 6am on the dot, and checked Reversharger, both DC points already occupied at Chiang Rai City branch. I think they will need to introduce an appointment system urgently. Planning a road trip using free charging is not going to work. -
70
-
12
Trump Demands Transparency on U.S.-Russia Prisoner Swap Details
Trump is in no position to "demand" anything.- 1
-
-
2
Half-Half resurfaces in yet another month when no one can blink
I miss his Friday night crooning. 🤮
-
.thumb.jpg.07d3893e233f9af17b17b40cc153f571.jpg)
-400.thumb.jpg.0ca958f9cd678464b41f3058bc084808.jpg)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now