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Thailand to tax residents’ foreign income irrespective of remittance


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Just now, Neeranam said:

I wonder if other countries have tax information in foreign languages. 

I know the US doesn't tax Mexican expats on remittance.

I know the UK government has other languages but that is for British nationals of other ethnicities. 

Also, there, Thais can remit funds as they are considered a gift, much like Brits remitting to Thailand. 

The Revenue Code doesn't distinguish between different nationalities, any rule applies to everyone.

 

We are told via previous discussion about this that many countries offer information in different languages hence it is not unusual

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5 hours ago, Neeranam said:

Unless you are specifically told to get a Thai tax ID, by immigration for example, don't. 

I was thinking about getting one as could180+ days next year in Thailand.

 

I've given up my UK residency and when I let banks know this they'll want a tax ID of somewhere else close the account. 

 

I could just transfer enough to live for the year before Jan 25 into my Thai bank account meaning no tax is due, if I tell them this like @oldcpu then they may not even let me have a tax ID so I couldn't pay tax even if I wanted

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On 10/21/2024 at 10:19 AM, Neeranam said:

 

Thailand will not impose taxes on foreign remittances for foreigners because doing so would inadvertently grant foreigners tax rights that the government wants to avoid.

By taxing remittances, the Thai government could create a precedent that allows people to claim certain privileges, such as the ability to purchase property and access public services. This could lead to concerns about foreign ownership and influence within the local economy.

 

 

So is this tax voluntary, or mandatory as of this date?  (I am not asking about if I am a resident, 120k, 150k+, etc)

 

Your statement suggests they "cannot" (or are you suggesting only your opinion here?) tax our remittances legally as of this date?

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20 minutes ago, Sheist said:

 

So is this tax voluntary, or mandatory as of this date?  (I am not asking about if I am a resident, 120k, 150k+, etc)

 

Your statement suggests they "cannot" (or are you suggesting only your opinion here?) tax our remittances legally as of this date?

Filing a tax return for those people who are tax resident and who exceed the assessable income threshold is mandatory for foreigners, just as it is for Thai's. Filing that tax return doesn't infer any rights whatsoever.

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