Introduction to Personal Income Tax in Thailand

[garygooner]

Good advice given by the last 2 posters.

Would be nice if there was a simple form that said Mr ..... was refused a TIN today due to reason .........

 

[chiang mai]

16 hours ago, anrcaccount said:

 

 

I am yet to see any source to suggest the CRS regulations involve any sharing of credit card information, especially at the individual transaction level.

 

There is no reason why CRS should mention credit card transactions specifically, credit card spending is only one of the many ways that funds can be transferred/remitted internationally and spent.

[oldcpu]

4 hours ago, chiang mai said:

But hey, if you've been to a TRD branch and asked the questions and you chose to believe what you have been told, go for it.

 

I mostly agree - except I have a different take on this last comment.

 

If after visiting the local Thai RD, and after one correctly provides the local Thai RD the absolute truth with regard to one's finances and income,  and then the RD tells one they will NOT give one a TIN, and further  the RD states no Thai income tax required .... I think this is MORE than just what ONE chooses to believe.  Its ALSO what the LOCAL THAI RD BELIEVES.

 

I think discarding what the local Thai RD believes is NOT a good approach.

 

I think that important. 

 

Pounding on the Thai RD  desk, telling them they are full of sh*t for their refusal to grant a Thai TIN, does not sound to me to be a good approach.

 

Rather I think the best approach is to CONTINUE to monitor the situation, and possibly go back to the local Thai RD (again applying for a TIN) only after there is a bit more clarity.   Possibly those with a yellow-book/Pink-ID (and those with an LTR visa) have more flexibility with timing, and possibly NOT.

 

That is MORE than just 'choosing to believe' what one has been told.

 

You and I have very different  views on the way forward here.

 

Edited 3 hours ago by oldcpu

[chiang mai]

7 minutes ago, oldcpu said:

 

I mostly agree - except I have a different take on this last comment.

 

If after visiting the local Thai RD, and after one correctly provides the local Thai RD the absolute truth with regard to one's finances and income,  and then the RD tells one they will NOT give one a TIN, and further  the RD states no Thai income tax required .... I think this is MORE than just what ONE chooses to believe.  Its ALSO what the LOCAL THAI RD BELIEVES.

 

I think discarding what the local Thai RD believes is NOT a good approach.

 

I think that important. 

 

Pounding on the Thai RD  desk, telling them they are full of sh*t for their refusal to grant a Thai TIN, does not sound to me to be a good approach.

 

Rather I think the best approach is to CONTINUE to monitor the situation, and possibly go back to the local Thai RD (again applying for a TIN) only after there is a bit more clarity.   Possibly those with a yellow-book/Pink-ID (and those with an LTR visa) have more flexibility with timing, and possibly NOT.

 

That is MORE than just 'choosing to believe' what one has been told.

 

You and I have very different  views on the way forward here.

 

To be crystal clear.......YOU mentioned pounding on the desk and calling them names....NOT ME, I would neither suggest that nor think it a good idea.

 

"I think this is MORE than just what ONE chooses to believe.  Its ALSO what the LOCAL THAI RD BELIEVES".

 

I have seen cases where different people in the same branch have made conflicting statements, other members have reported this also, even people in the same meeting. So I think it is extremely dangerous to think that something you are told by one employee, reflects the official position of a branch, unless the statements are made by the most senior person and they are somehow recorded.

 

 

[jwest10]

2 hours ago, garygooner said:

Good advice given by the last 2 posters.

Would be nice if there was a simple form that said Mr ..... was refused a TIN today due to reason .........

 

That would be easy???

[jwest10]

4 hours ago, Liquorice said:

Roi Et.

Kanchananaburi

[anrcaccount]

1 hour ago, chiang mai said:

There is no reason why CRS should mention credit card transactions specifically, credit card spending is only one of the many ways that funds can be transferred/remitted internationally and spent.

 

"Transferring/remitting funds internationally and being spent" isn't relevant to the CRS data sharing.  I'm guessing you did not read the source.

 

I'll say it again: the CRS simply reports aggregate account balances, ONCE A YEAR, and does not include individual transactions, excepting the cases of certain income as specified in table 5. There is no way this information shared can include individual foreign credit card (or ATM) transactions.  There is no source to suggest the CRS regulations involve any sharing of credit card information, especially at the individual transaction level.
 

[Presnock]

15 minutes ago, anrcaccount said:

 

"Transferring/remitting funds internationally and being spent" isn't relevant to the CRS data sharing.  I'm guessing you did not read the source.

 

I'll say it again: the CRS simply reports aggregate account balances, ONCE A YEAR, and does not include individual transactions, excepting the cases of certain income as specified in table 5. There is no way this information shared can include individual foreign credit card (or ATM) transactions.  There is no source to suggest the CRS regulations involve any sharing of credit card information, especially at the individual transaction level.
 

Check out the webinar on filing out the CRS form from Kasikorn (it was advertized for last Friday they specifically mention ARM CC use reporting in CRS.  Myself, I will be under FATCA  
carl(at)expattaxthailand.com

[Presnock]

I am not conerned with Bangkok Bank or Thailand reporting my financial activity - have heard on several webinars on CRS about the ATM and cc Use being available to the Revenue Dept.  That is no concern of mine as I repiort va FBAR everything that  I remit to Thailand.  My concern was for those that claim that they will only bring in cash or use ATM and cc for spending here to avoid being taxed by the Thai revenue dept so I have been looking at FATCA and I really don't believe that the US govt will send to the Thais, any of those accounts, only the beginning and ending account amount for the calendar year.  If anyone has read what data will be sent to the Thai revenue dept then I would appreciate  them informing me.  In addition, in a Previously mention and linked article, it said that eventually every adult tax resident would be required to geta a TIN, Maybe or maybe not.  But again, we are just spinning wheels for no reason yet.  I do wish all a happy tax season and form filing if required.  They also mention that if one doesn't fill out the CRS/Fatca forms then the bank could lock out the account or close it.  Under the Fatca articles is menions that in many coundtrie Americans are being refused accounts or having accounts closed but the US officials said they didn't care about that.  good luck to all

[chiang mai]

31 minutes ago, anrcaccount said:

 

 I'm guessing you did not read the source.

 

 

You've spent the majority  of the past year in this threads, guessing this and guessing that!

[oldcpu]

3 hours ago, chiang mai said:

I have seen cases where different people in the same branch have made conflicting statements, other members have reported this also, even people in the same meeting. So I think it is extremely dangerous to think that something you are told by one employee, reflects the official position of a branch, unless the statements are made by the most senior person and they are somehow recorded.

 

 

 So what do you suggest? One tell the RD official their view does NOT reflect the official position of the RD branch and cause them to lose face?  Tell them they are wrong for refusing to provide a Thai TIN ?

 

or instead simply acknowledge politely what one was told , and continue to monitor the situation over the coming months, and assess when and where one should (possibly) again knock on the door of the Thai RD about getting a TIN?

 

I know my view here.   For certain I don't know your view.  I do get the sense after being firmly told by a Thai RD official that they will not give a new TIN, nor activate (for online submission) one's Pink-ID as the TIN, ... that you may think one should go over the RD officials head ?  , that you may think one should keep insisting to the Thai RD official that they provide the TIN ?

 

As noted, that's not my view - at least not until things become more clear and the dates for tax submissions come MUCH closer. One needs to look at one's specific circumstances.

 

My view?

 

I believe because:

(1) I am NOT bringing money into Thailand in the 2024 taxation year - hence for 2024 tax year have inadequate Thai assessable income, and

(2) I am on an LTR visa (where my foreign income is not taxable even if I brought it in (which I have not), and

(3) I have a pink-ID and hence with the pink-ID I think I could always at the very last day when tax returns are due - show up at the local RD with a filled in paper printed Thai tax form with my pink-ID # in the TIN field, and see what they say then.  

 

For certain I will NOT push a local Thai RD official NOW causing them to lose face.  Going back now to them would do exactly that - and I think such is a VERY bad idea.

 

Again - I don't understand your view.

Edited 42 minutes ago by oldcpu

[chiang mai]

2 minutes ago, oldcpu said:

 

 So what do you suggest? One tell the RD official their view does NOT reflect the official position of the RD branch and cause them to lose face?  Tell them they are wrong for refusing to provide a Thai TIN ?

 

or instead simply acknowledge politely what one was told , and continue to monitor the situation over the coming months, and assess when and where one should (possibly) again knock on the door of the Thai RD about getting a TIN?

 

I know my view here.   For certain I don't know your view.  I do get the sense after being firmly told by a Thai RD official that they will not give a new TIN, nor activate (for online submission) one's Pink-ID as the TIN, ... that you think one should go over the RD officials head ?  , or keep insisting to the Thai RD official that they provide the TIN ?

 

As noted, that's not my view - at least not until things become more clear and the dates for tax submissions come MUCH closer.

 

My view?

 

I believe because:

(1) I am NOT bringing money into Thailand in the 2024 taxation year - I have inadequate assessable income, and

(2) I am on an LTR visa (where my foreign income is not taxable even if I brought it in (which I have not), and

(3) I have a pink-ID and hence with the pink-ID I think I could always at the very last day when tax returns are due - show up at the local RD with a filled in paper printed Thai tax form with my pink-ID # in the TIN field, and see what they say then.  

 

For certain I will NOT push a local Thai RD official NOW causing them to lose face.  Going back now to them would do exactly that - and I think such is a VERY bad idea.

 

Again - I don't understand your view.

My view is this:

 

I have a TIN and will happily tell others what I would do if I didn't have one but felt that I wanted one. Ultimately however, what others do is their business and I don't mind in the least which ever road they chose to walk down.

 

So, what I would do is to be firm, clear and persistent, up to the point where I felt I could not get a different answer. Then I would escalate matters, either in the branch or in the chain of command by going to higher authorities...didn't I say this already, it sounds like an echo to me!

 

I would point out to whoever, exactly what the TRD Code says and I'd remind whoever that I have assessable income, if indeed I had any. If however I didn't have any assessable income (as you appear not to) and/or if I was on a visa that meant my income is tax free (which you appear to be) or if I had a Pink Card that functions as a TIN (which you appear to have), I wouldn't give this topic even a single passing thought and I wouldn't ask questions that don't appear to be even remotely relevant to your individual circumstances.