5 minutes ago, samtam said:

And...my point is the stupidity of the new interpretation.

Jonny Foreigner might also have imported money from several sources, many of them falling into the so-called grey market economy.

This is not an exercise designed to catch mafiosa, triad and general bad criminal elements in Thailand. This is an exercise to force otherwise law biding citizens to declare overseas income, force other residents to comply with the same ruling and to adopt common international practise. That some may continue to earn income from criminal activity is a different program of work.

25 minutes ago, JimGant said:

If your home country has a DTA with Thailand, and you pay income tax in your home country, then you're not affected by this new ruling"

The very point that the doom-mongers cannot read or understand.

2 minutes ago, Mike Lister said:

This is not an exercise designed to catch mafiosa, triad and general bad criminal elements in Thailand. This is an exercise to force otherwise law biding citizens to declare overseas income, force other residents to comply with the same ruling and to adopt common international practise. That some may continue to earn income from criminal activity is a different program of work.

My maid hardly falls into the mafioso, triad or criminal class, as far as I am aware.

 

She does fall into the income tax bracket of taxpayers living in Thailand, although she is not a Thai citizen. If the Thai RD wants to enforce the law, it should be across the board. And if the law is not appropriate, (thresholds etc), it should be amended by legislation.

1 minute ago, samtam said:

My maid hardly falls into the mafioso, triad or criminal class, as far as I am aware.

 

She does fall into the income tax bracket of taxpayers living in Thailand, although she is not a Thai citizen. If the Thai RD wants to enforce the law, it should be across the board. And if the law is not appropriate, (thresholds etc), it should be amended by legislation.

You should be certain to write and tell them that it should be so.

3 minutes ago, Mike Lister said:

You should be certain to write and tell them that it should be so.

Well my name is not Deloitte, Ernst, Young, Price, Waterhouse, Peat or Marwick, but I expect they are making those very same remonstrations, and my comment is simply to support their effort.

12 minutes ago, The Cyclist said:

The very point that the doom-mongers cannot read or understand.

Many people no longer have a "home country" in a DTA sense as they are living full time in Thailand and do not have an abode abroad (with the exceptiosn of the US guys).

5 minutes ago, The Cyclist said:

Are they cutting about without passports and Stateless ?
 

Pretty sure you are a Citizen of the Country that issues your passport and you will be covered under that Countries DTA with Thailand.

 

Get a life instead of posting crap on a daily basis.
 

 

Well I like stats posts.........

 

I bet there are 10s of thousands of older expats who would just about be living under a bridge if forced to go back to their home country due to the cost of living and having no family.....

A passport is only paper.......And their home is Thailand, except for the passport.......

 

But considering their money was made in their home country they should be covered by DTAs...

19 minutes ago, The Cyclist said:

Are they cutting about without passports and Stateless ?
 

Pretty sure you are a Citizen of the Country that issues your passport and you will be covered under that Countries DTA with Thailand.

 

Get a life instead of posting crap on a daily basis.
 

 

Better not to be too quick with your wrong assumptions. I am  - for example - not stateless but the country from where I get my passport does not pay me any money. I get the money from another country. Both countries have DTAs with Thailand but I do not pay any tax in neither of them because I do not have any homeadress in either of them. Not sure if any DTA would be applicable to me and if yes, then it might be the one from where I get the dosh and not the one from where I have a passport. Maybe.

4 minutes ago, moogradod said:

Not sure if any DTA would be applicable to me

 

5 minutes ago, moogradod said:

but I do not pay any tax in neither of them

Hate to be the bearer of bad news. But a DTA will not cover as you are not paying tax in another Country.

 

This is exactly what is getting closed down and not just in Thailand.

24 minutes ago, The Cyclist said:

Are they cutting about without passports and Stateless ?
 

Pretty sure you are a Citizen of the Country that issues your passport and you will be covered under that Countries DTA with Thailand.

 

Get a life instead of posting crap on a daily basis.
 

 

Your offshore investment income (capital gains for example) is no longer protected under a Dta if you have no residence other then Thailand.

27 minutes ago, The Cyclist said:

Are they cutting about without passports and Stateless ?
 

 

 

Get a life instead of posting crap on a daily basis.
 

 

Some MINUTES later he posts: "Hate to be the bearer of bad news. But a DTA will not cover as you are not paying tax in another Country. "

 

Simply lost for words with this guy

2 minutes ago, stat said:

Your offshore investment income (capital gains for example) is no longer protected under a Dta if you have no residence other then Thailand.

I'm sure that people in Thailand who the above applies to will take note and act accordingly.

 

It is of no concern to those that it does not apply to.

5 minutes ago, The Cyclist said:

 

Hate to be the bearer of bad news. But a DTA will not cover as you are not paying tax in another Country.

 

This is exactly what is getting closed down and not just in Thailand.

Relax.. This is not too bad. The complicated part is how I get this all done unhurt and without heart attack. And it is not really a problem if I need to pay tax on what I need.

12 minutes ago, moogradod said:

Better not to be too quick with your wrong assumptions. I am  - for example - not stateless but the country from where I get my passport does not pay me any money. I get the money from another country. Both countries have DTAs with Thailand but I do not pay any tax in neither of them because I do not have any homeadress in either of them. Not sure if any DTA would be applicable to me and if yes, then it might be the one from where I get the dosh and not the one from where I have a passport. Maybe.

In case of dividends you should be covered by DTA example you receive income from us shares, then your dividend is covered by DTA betwenn US and Thailand and Thailand SHOULD discount the 15% you already paid on the dividend (assuming they accept your documentation which can be mind boggeling even in the west).

2 minutes ago, moogradod said:

 

Limit or cease to remit into Thailand after the 01 Jan and wait until the muddy waters clear.

Several posts in violation of our Community Standards have been removed. 

1 minute ago, The Cyclist said:

Limit or cease to remit into Thailand after the 01 Jan and wait until the muddy waters clear.

Umm, I'm not going to change anything, I receive 65K a month here in Thailand from two sources and I'm not going to change anything. Bangkok Bank knows that one of those transfers is from US SSc because they had to sign and stamp the form before it was returned to the U and BB insisted on keeping a copy. I'm not sure BB knows the source of the other transfer but its UK State pension related. By my calculation I'm free and clear of Thai tax next year although I may transfer some extra funds before the 1 Jan.

8 minutes ago, Mike Lister said:

Umm, I'm not going to change anything, I receive 65K a month here in Thailand from two sources and I'm not going to change anything.

Agreed as both those sources are covered by DTA's

 

I have stopped 1 source of income as I am not convinced it is covered by a DTA ( Private pension ) working on the assumption that it is better to be safe than sorry, and end up double taxed.

 

My Government Pension will continue as normal, directly remitted to Thailand ( Covered by DTA )

 

Other than that, I can see absolutely no reason to be getting excited at this point in time.

 

Still have the 1st 5 months of 2024 to await clarification and decide if a course of action is neccessary.

31 minutes ago, stat said:

Some MINUTES later he posts: "Hate to be the bearer of bad news. But a DTA will not cover as you are not paying tax in another Country. "

 

Simply lost for words with this guy

What is the purpose of a DTA ?
 

Is it not to ensure that the same funds are not taxed in 2 different Countries ?
 

Perhaps you could explain why you are lost for words and why income that is not taxed elsewhere would be covered by a DTA ?
 

Whilst you are scrambling about trying to come up with an answer. I'm still awaiting your explanation of how I have misunderstood the UK / Thai DTA, in that my Government pension( taxed in the UK ) is  covered by said DTA and should be exempt from Thai Taxation.

 

3 hours ago, Mike Lister said:

Er, not really.

 

You cannot claim a deduction unless you file a tax return, you can't just say I would be allowed this deduction so there's no tax to pay hence I wont file.

 

Anyone who has assessible income over 60k Baht per year must file.

 

.

I understand better now. Thanks. I hope there will be official statements about assessible income, deduction and etc (on oversea income bring into Thailand) within these 2 months. I will need to plan how much money that I will bring into Thailand in 2024 if I want to stay here for another year

On 9/20/2023 at 11:02 AM, Foxx said:

As has been said before, the DTA does not cover personal or state pensions - they are (at least theoretically) taxable in both countries, so yes, they could.

 

Also with the UK tax year being about 13 weeks out of sync with the Thai one, quite possible you will be out  the value of your tax amount for quite a few months. So if you needed a 3 or 4k GPB a a taxation float, they might want to tax that as well! ????

The tax

 

4 hours ago, The Cyclist said:

Agreed as both those sources are covered by DTA's

Wrong - State pension (not govt. pension which is different) is specifically excluded from the UK/Thai DTA. Been mentioned loads of times - please keep up.........

5 hours ago, stat said:

Many people no longer have a "home country" in a DTA sense as they are living full time in Thailand and do not have an abode abroad (with the exceptiosn of the US guys).

I have a home country and a DTA but not a address there so please not tell me savings abroad and a small interest on that and never remitted to Thailand (Living expenses is covered by monthly pension) have to be declared here??

Felt

what about money to support my Family in Thailand  which is TAX Paid in EU     how the hell can they demand tax on money to my wife ?????

1 hour ago, Felt 35 said:

I have a home country and a DTA but not a address there so please not tell me savings abroad and a small interest on that and never remitted to Thailand (Living expenses is covered by monthly pension) have to be declared here??

Felt

So far it is my understanding that only remitted income to TH will be taxed. However if you have not paid taxes on your interest in the other country then you cannot claim DTA shelter when you transmit.

8 hours ago, liddelljohn said:

what about money to support my Family in Thailand  which is TAX Paid in EU     how the hell can they demand tax on money to my wife ?????

As a start, Thailand does not have a double-tax agreement with the EU. DTA's are with individual EU countries as per here:

 

https://www.rd.go.th/english/766.html

 

 

8 hours ago, liddelljohn said:

what about money to support my Family in Thailand  which is TAX Paid in EU     how the hell can they demand tax on money to my wife ?????

I don't see that anyone has demanded anything of the kind, do you!

On 9/18/2023 at 12:57 PM, connda said:

Eventually someone is going to write, "Does that mean farang's pension income too."

Short answer would probably be "No," at least for those countries with bilateral tax agreements with Thailand.  If you're paying income tax in your home countries, then Thailand has no claim to tax the income twice.

Not supposed to be taxed twice. But money used amongst citizens probably gets taxed many times over. An item going through its lifetime with an average value of $1 would be tax gouged more than half in most cases under all sorts of guises. Sun tax is even here now. I prefer to call it government mafia protection money.  Pay us and nobody gets hurt.

Just like Thailand. they make all of these major statements about all money being taxed, but yet have to sit down and put all of the details in writing. they seem to love to do everything backwards. I have a big question that I don't think has been asked yet? If we have to pay a tax, what is the percentage? I don't think I have read anything on the percent yet, so I figure it would be the same as their rates are now. Anybody have any ideas on this?