Updates and clarifications on new Thai tax regulation

[Gatsby69]

The French embassy has organized a conference on May 14 on the subject of the new Thai tax regulations, in which staff of the Thai revenue department participated, among others, to answer questions from French residents in Thailand.

 

 

This conference provides useful information such as the obligation for residents to make a 2024 tax declaration online before Mars 31, 2025, with fine penalty if it made after this date. (I'll let you guess how this will be monitored).

Another important point is that you should not rely on the bilateral tax treaties signed between your country and Thailand to know in which country your income is taxable.

 

For example, the French-Thai bilateral convention specifies that French pensions income are only taxed in France, while the Thai version bilateral convention indicates this pension income "may be taxed" in Thailand, thus opening the door to double taxation issues.

Needless to say, negotiating with the Thai revenue department will be much more complicated than with the immigration authorities, even if you are lucky enough to be accompanied by a Thai.

 

I'm not a tax expert, so I will not venture to answer tax questions on this forum. I suggest that you translate this video, good luck!
 

Edited May 17 by Gatsby69

[Mike Lister]

The subject has been heavily discussed in this forum for the past six months, one thread has over 8k posts. There is also a document that has been produced that explains much of what is required. I'm away from my computer at present, perhaps another member will post a link to the simple tax guide.

 

 

 

[MJCM]

Here is the introduction

 

 

Here the long thread

 

 

[Gatsby69]

I've already gone through this thread. This conference on May 14, 2024 gives answers directly from the management of the Thai revenue department and raises important points such as the risk of double taxation. It's up to you to watch it or not.

Edited May 17 by Gatsby69

[AreYouGerman]

41 minutes ago, Gatsby69 said:

 I suggest that you translate this video

 

Very helpful!

[metisdead]

36 minutes ago, Gatsby69 said:

I'm not a tax expert, so I will not venture to answer tax questions on this forum. I suggest that you translate this video, good luck!

 

Standards of Conduct

 

3. English is the only permitted language anywhere on ASEAN NOW, except within the Thai language forum, where using Thai is allowed. Short Thai translations of technical terms are permitted in specialty forums. While we make allowances for members who do not speak English as their first language, we expect everyone to make an effort to post in a manner that allows others to understand their posts. As an international forum we have members from many countries in the world, and English is not the first language of every poster.

 

Please provide content in English language.

 

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