Tax Return 2025

[itsari]

46 minutes ago, JimGant said:

 

I doubt you can pay Thai tax in advance -- just file as early as possible when filing opens up at the beginning of the year -- and that may give you sufficient time before filing Norwegian tax forms.

 

But, how you go about getting the Norwegian exemption is not readily apparent from Google, at least in English. The below reference does have contact information with the Norwegian tax authorities, which sounds promising:

https://www.skatteetaten.no/en/person/taxes/get-the-taxes-right/employment-benefits-and-pensions/pension-and-disability-benefit/resident-abroad/countries/thailand/#:~:text=Under the tax treaty between Norway and Thailand article 18,exempt the pension from tax.

Good luck. 

Ok, thank you again.

I presume the 2nd of January is the earliest in Thailand for filing a tax return.

I shall take a visit to the local tax office soon.

[JimGant]

On 8/10/2024 at 1:44 PM, John Phuket said:

Also, I wonder what the position is if a Thai person takes out a properly documented personal loan from an overseas company - would that loan money be taxed ? Or would it even need to be declared to the Thai Tax Authorities?

Of course not -- it's not income in any form or fashion. As far as listing it on a Thai tax return -- Thailand doesn't even want income that is non assessable to be listed -- let alone non income like a loan.

Edited August 14 by JimGant

[Presnock]

4 hours ago, jwest10 said:

Beg to differ not easy at all

NOt easy to understand the search?  I am ignorant of computers...yet this was too easy just go to the Thai revenue dept and you will get a multitude of hits...pick one that gives you the charts in both Thai and English - spells out all their laws and even can see the royal decrees exempting LTR folks from tax on remitted foreign funds.  Good luck.

[Bday Prang]

On 8/11/2024 at 4:52 AM, chiang mai said:

I don't mean to frighten anyone but the penalties for not filing, when taxes are owed, are draconian.

 

then

On 8/11/2024 at 5:08 AM, chiang mai said:

It's Sunday, they're closed! 🙂

 

As I recall, jail time is not uncommon if evasion is suspected.

then

On 8/11/2024 at 5:09 AM, chiang mai said:

Only where no tax is owed. If tax is owed, it increases to 200k and one year inside.

So for reasons known only to yourself you actually are trying to frighten people

[chiang mai]

8 minutes ago, Bday Prang said:

 

then

then

So for reasons known only to yourself you actually are trying to frighten people

Three different posts, three different context, one trying to answer a question, one trying to clarify the definition of the word "draconian" and the third, correcting a statement that maximum penalty for not filing is 2,000 baht.  What's wrong with you!

[Bday Prang]

7 minutes ago, chiang mai said:

Three different posts, three different context, one trying to answer a question, one trying to clarify the definition of the word "draconian" and the third, correcting a statement that maximum penalty for not filing is 2,000 baht.  What's wrong with you!

Whats wrong with me ??  

 

On 8/12/2024 at 3:00 PM, chiang mai said:

I keep checking my mail box waiting for that personalized letter....will I have to wait long do you think!

it's you that appears to have anxiety issues ,  There was no shortage of people using covid rumours to "share" their fears on here a few years back. Some people seem to have a need for others to share their fears,  but then again.....

 

On 8/12/2024 at 10:02 AM, chiang mai said:

We'll certainly try hard to find something to annoy everyone. :))

Some also seem to enjoy doing just that

[chiang mai]

1 minute ago, Bday Prang said:

Whats wrong with me ??  

 

it's you that appears to have anxiety issues ,  There was no shortage of people using covid rumours to "share" their fears on here a few years back. Some people seem to have a need for others to share their fears,  but then again.....

 

Some also seem to enjoy doing just that

Why ever didn't you say that you don't have a sense of humor, now that I know, hello ignore list. Goodbye.

[SingAPorn]

Time to move to another country as with the current political instability strong chances that they will start targetting all foreigners with bank accounts in Thailand.

[topt]

2 hours ago, SingAPorn said:

Time to move to another country as with the current political instability strong chances that they will start targetting all foreigners with bank accounts in Thailand.

Does that include all the Chinese, Koreans and Russians who are, in many cases, more recent "visitors"...............

[Everyman]

14 hours ago, SingAPorn said:

Time to move to another country as with the current political instability strong chances that they will start targetting all foreigners with bank accounts in Thailand.

 

On the contrary, since the new tax policy was brought in by the now defunct administration, I think this will be the nail in the coffin for any potential enforcement if there ever was any chance. 

[KhunHeineken]

19 hours ago, SingAPorn said:

Time to move to another country as with the current political instability strong chances that they will start targetting all foreigners with bank accounts in Thailand.

Tax in Thailand is like being the Prime Minister of Thailand, but in reverse. 

 

One day you are the PM, next day you are not.  One day you have no tax to pay, the next day you have to pay tax.  This Is Thailand.  (TIT)   

[KhunHeineken]

On 8/14/2024 at 4:38 AM, chiang mai said:

Worldwide income is not a global tax policy, that's nonsense.  Read this:

 

https://premieroffshore.com/which-countries-tax-worldwide-income/

Read this.  See the huge list of countries.  Looks "global" enough to me.  Scroll down to Thailand. 

 

https://en.wikipedia.org/wiki/International_taxation

 

 

[KhunHeineken]

4 hours ago, Everyman said:

 

On the contrary, since the new tax policy was brought in by the now defunct administration, I think this will be the nail in the coffin for any potential enforcement if there ever was any chance. 

Squeezing money out of farang always seems to get the support of all political parties in Thai government. 

[KhunHeineken]

On 8/14/2024 at 4:01 AM, Doctor Tom said:

You are wrong.  There is no international agreement on double taxation of income.  You pay tax where you are tax resident, or where you generate additional untaxed funds, you do not pay tax by international agreement where tax has been previously paid, unless its a one off tax  not tied to income, such as a tourist tax on arrival or on travel tickets etc .  

Wrong.

 

Do you even know how a DTA works? 

 

Did you watch the youtube video I posted? 

[Doctor Tom]

3 minutes ago, KhunHeineken said:

Wrong.

 

Do you even know how a DTA works? 

 

Did you watch the youtube video I posted? 

I  get my information from reliable sources, not from random Forum contributors.   

[mokwit]

On 8/11/2024 at 11:12 AM, BritManToo said:

Rather than running scared on rumours.

Why not just wait.

 

Pages of nonsense posted by fools IMHO.

Unless they refuse me an extension, I'm paying nothing.

If they do refuse me an extension, it's 5 year DTV time, and still no money from me.

No TM30 or TM47 either, you can stay under the radar.

[CANSIAM]

If I'm here over 180 days in 2024, can I transfer from abroad ( money earned well before 2024 ) probably in December approximately  120,000 - 150,000 baht with no issues, is that correct ? 

[motdaeng]

3 minutes ago, Doctor Tom said:

I  get my information from reliable sources, not from random Forum contributors.   

 

... that is a good one ... especially coming from you ... 🍺🍻 

[KhunHeineken]

24 minutes ago, Doctor Tom said:

I  get my information from reliable sources, not from random Forum contributors.   

Link them and quote them then.

[Doctor Tom]

28 minutes ago, KhunHeineken said:

Link them and quote them then.

Do your own leg work mate, I've got better things to do. 

[chiang mai]

1 hour ago, KhunHeineken said:

Read this.  See the huge list of countries.  Looks "global" enough to me.  Scroll down to Thailand. 

 

https://en.wikipedia.org/wiki/International_taxation

 

 

I did, it says, "Residence based taxation", which means tax residents are taxed and in Thailand's case, taxed based on income that is remitted. It doesn't say that the population is taxed on global or world wide income, which is something else entirely. Regardless, "Worldwide income is not a global tax policy, that's nonsense".

[Mike Teavee]

6 hours ago, CANSIAM said:

If I'm here over 180 days in 2024, can I transfer from abroad ( money earned well before 2024 ) probably in December approximately  120,000 - 150,000 baht with no issues, is that correct ? 

You can transfer as much as you like as long as it was earned before 1/1/2024.

[KhunHeineken]

7 hours ago, chiang mai said:

I did, it says, "Residence based taxation", which means tax residents are taxed and in Thailand's case, taxed based on income that is remitted. It doesn't say that the population is taxed on global or world wide income, which is something else entirely. Regardless, "Worldwide income is not a global tax policy, that's nonsense".

There's a long list of countries in the treaty. 

 

In the future, more and more countries will come online.  There will be no where for an individual, or their money, to hide.  The Swiss can't even offer private banking anymore. 

 

https://www.investopedia.com/terms/w/worldwide-income.asp

 

See the words, "earned anywhere in the world?" 

 

"In the United States, worldwide income describes an aggregation of a taxpayer's domestic and foreign income. Worldwide income is income earned anywhere in the world and is used to determine taxable income. In the U.S., citizens and resident aliens are subject to tax on worldwide income."

 

 

Edited August 15 by KhunHeineken

[KhunHeineken]

8 hours ago, Doctor Tom said:

Do your own leg work mate, I've got better things to do. 

Fail. 

[CANSIAM]

18 hours ago, Mike Teavee said:

You can transfer as much as you like as long as it was earned before 1/1/2024.

As far as if ever asked to prove it was earned prior to 2024 could be an issue. Employed 8 years in Qatar where there isn't any income tax and earnings were not wired to my home country but elsewhere. 

[Doctor Tom]

On 8/15/2024 at 2:27 PM, chiang mai said:

tax residents are taxed and in Thailand's case, taxed based on income that is remitted.

I am not 'Tax Resident' in Thailand, I doubt that many retired expats are. 

[Sigmund]

But how will the tax people know whom to send a tax return and who is staying more then 180 days ? Say the person who only stays for 3 months and has a bank account, how will the tax people know that the foreigner is only staying for 3 months per year and not go and tax him based on his having a bank account ?

[Danderman123]

On 8/10/2024 at 6:00 PM, chiang mai said:

From what you have written, I strongly suspect you will find that 15 minutes effort today will avoid many hours inconvenience later, but each to their own. My experience of righteous indignation and cast iron principles is that they are usually misplaced. Good luck regardless whatever you decide to do.

Once you file a tax return, you are in the clutches of the RD, and it won't be so easy to escape from the tax system.

 

I am bailing from Thailand for all but 179 days of the year.

Edited August 16 by Danderman123

[Danderman123]

3 minutes ago, Sigmund said:

But how will the tax people know whom to send a tax return and who is staying more then 180 days ? Say the person who only stays for 3 months and has a bank account, how will the tax people know that the foreigner is only staying for 3 months per year and not go and tax him based on his having a bank account ?

Not too many people that stay for only 3 months have a Thai bank account.

[Danderman123]

17 minutes ago, Doctor Tom said:

I am not 'Tax Resident' in Thailand, I doubt that many retired expats are. 

Any ex-pat residing in Thailand for more than 180 days in a calendar year is a tax resident.