Thailand's Expats Urged to Register with TRD for Tax, Says Expert

[LoudHailer]

My Immigration Lawyer is emphatic that 1. Relevant changes in this regard to the Tax Code require a law to be passed by parliament and it doesn't appear on "the to do list."  2. The current conversation DOES NOT apply to expat retirees on Non-Res Type-O Annual Renewal Visas. 

 

Not once have these fear-mongering articles in ASEAN NOW specified this. Without the facts relating specifically to expat retirees and without the act of parliament, this is Fake News. 

[kingstonkid]

6 hours ago, chiang mai said:

Many of the statements are invalid or not justified, the TRD doesn't require anyone to obtain a TIN until specific criteria are met, not just tax residency but also remittance of assessable income. And completing a Thai tax form does not automatically mean paying for assistance, it's easily done by the average person or with some help from TRD staff.

 

I think some of the international tax accounting firms will be holding meetings.  You should also check with the embassies to see how they read this.  

 

If I have to pay here then I don't have to pay in Canada that is okay with me.  Cheaper here.

[bradiston]

4 hours ago, proton said:

No thanks, and any tax return forms will go in the bin. No taxation without representation, or at least something back for it.

Yes, I'm with you there. Tip a load of fish sauce into the Chaopraya in protest!

[nickmondo]

Just another company trying to get clients.

Preying on the ex pats who believe all that they read.

I cannot get away with telling you my true opinion of these businesses.

[hotchilli]

5 hours ago, daveAustin said:

I think I’ll wait, thanks. Certainly won’t be buying houses and cars again in the near future.  

I never did... as a guest I didn't see the point.. rent only

[Celsius]

6 minutes ago, kingstonkid said:

If I have to pay here then I don't have to pay in Canada that is okay with me.  Cheaper here.

 

What tax are you paying in Canada right now?

[puck2]

The first and most important thing the Finance Ministry should clear now is, how it would work with the DTA (Double Tax Agrteement). That would save us, the falangs, a lot of time and money, too.

 

But i am afraid that they are working for the interests of the Thai tax compies and persons to earn more money and  getting richer becvause of all their working for the falangs tax declarations. And that means more tea money for the officers, too!

[Nickcage49]

A link to TRD would be nice or to the form.

[proton]

46 minutes ago, kuzmabruk said:

Penalties for tax evasion in Thailand include jail time, which is not a place to spend even a day.  That’s an assumption as I have never had to spend time in a Thai jail.  

 

Half the Thai population should be in jail then 

[NedR69]

Read thru the fine print - just another advert sales pitch to hire some entity to take your money and they fill out forms they say you must do.  

[Bday Prang]

Expect a lot more threads like this now that the elections are over in the USA. The 3 greatest click generators so far must be , Trump, Tax and Cannabis. Clearly  little  point in discussing Trump to that degree anymore so the other two will expand to fill the resultant vacuum

Anyway the Title should read   ...."urged to register by tax "expert"      as it is now it gives the impression he is speaking directly on behalf of the Thai tax authorities, and he is patently not as far as I can see, and if he is then he is apparently breaking the law, even if he isn't speaking on their behalf he is still on dodgy ground

[NedR69]

13 minutes ago, nickmondo said:

Just another company trying to get clients.

Preying on the ex pats who believe all that they read.

I cannot get away with telling you my true opinion of these businesses.

^^^^^^^^^^^ 100 Percent Correct  ^^^^^^^^^

[Nickcage49]

Does anyone know how to register with TRD? They are no help and neither is this article.

[sqwakvfr]

20 minutes ago, nickmondo said:

Just another company trying to get clients.

Preying on the ex pats who believe all that they read.

I cannot get away with telling you my true opinion of these businesses.

So Fake News, again. 

[ujayujay]

As a pensioner in Thailand, I can't do anything as long as I'm only given so little information by the Thai tax authorities! Are they too lazy to provide reliable information or are they simply incompetent?🤪

[EVENKEEL]

52 minutes ago, chiang mai said:

Expats are always going to say that any business in Thailand that is run by foreigners is bad, up to no good, full of chancers etc, I guess it must be jealousy in most cases. An expat business could be offering free information and advice and some people would be suspicious, just as they were with Lister! Folks need to get their paranoia under control.

Jealousy? Of what exactly? 

 

If you're a tax refugee, I can see concern. But the huge majority of guys here live off of funds already taxed in their home country.

 

Along comes Lister and stirs the pot. I gave a link to Ministry of Finance saying absolutely nothing has been decided and if it is it will takes years. There's a certain group of paper pushing retirees who can't let go of their old life.

[Bday Prang]

35 minutes ago, nickmondo said:

Just another company trying to get clients.

Preying on the ex pats who believe all that they read.

I cannot get away with telling you my true opinion of these businesses.

Deserves to have his office burnt down, but I doubt he has one .  Probably no landline either, enough said

[Guderian]

6 hours ago, sungod said:

Carden drumming up fear and just happens to have a tax advisory business........

 

 

 

Yep, and he chose exactly the right audience of gullible idiots to present this nonsense to.

[ianwheldale]

There is no new laws in place that have been published in the gazette. Why is everybody getting their knickers in a knot about something that is still at the discussion stage?

[BL1958]

The way I see it is this, the only thing that has changed is when you bring money into Thailand, nothing else. 

Previously if you brought money into Thailand in the same year, you had to file a tax return and pay any taxes on it. 

How many expats have been bringing in their pension in the same year and technically should have been filing a tax return and did so?

I think I can hear a pin drop, no one. Most didn't even know about this and lived here for years and no one filed a tax return and the tax dept never came knocking on their door, in fact it wasn't even mentioned in the media or any expat advice sources... up until now. 

I don't even think the tax debt has even thought a lot about us expats regarding taxes, the change from deferring bringing in money any year from the current year was to catch wealthy Thais escaping taxes. 

[Sheryl]

Since the Thai tax form does not provide any means of declaring nion-assessable income, and there has been no indication that will change, it makes zero sense for people without assessable income to submit a Thai tax return. You'd have to show 0 income, which would surely lead to questions/problems.

 

I tend to agree that people with assessable income remitted into Thailand would do well to submit a return for 2024 even if - -as will be true for many -- they end up owing no tax. (For those whose income is taxed in their home country, this is assuming the TRD does in fact amend the forms to allow people to claim a credit on taxes paid abroad).

 

But not people without assessable income , IMO (e.g: people whose only remittances are US Social Security, or savings from earnings prior to 2024).

[crazykopite]

I have over 30 million baht of properties in Thailand, of which I pay yearly property tax. I pay UK income tax even though I left the UK 19 years ago, there is no way am I going to pay more income tax to the Thai government , if I have to I will divide my time between the Philippines and Thailand and share what wealth I have between the two countries . I am fortunate as my sister in law is from the Philippines the family will always accommodate me if need be.

[Purdey]

I used to collect my tax receipts. Made it easier when applying for PR. Not much use if you're retired,

[john donson]

so the dude has a tax company and by creating panic, will be good for him...

 

nothing to declare sir

[anrcaccount]

17 minutes ago, BL1958 said:

Previously if you brought money into Thailand in the same year, you had to file a tax return and pay any taxes on it. 

How many expats have been bringing in their pension in the same year and technically should have been filing a tax return and did so?

I think I can hear a pin drop, no one. Most didn't even know about this and lived here for years and no one filed a tax return and the tax dept never came knocking on their door, in fact it wasn't even mentioned in the media or any expat advice sources... up until now. 

 

 

Very well said. 

 

 

[Srikcir]

3 hours ago, chiang mai said:

I'd not do anything, as long as I was confident I understood that my income was exempt.

For example, holder of a LTR visa in two of three categories.

[Srikcir]

8 hours ago, webfact said:

Carden clarified that only overseas income transferred to Thailand is relevant for taxation.

I thought I read recently in Asean Now that income generated outside will be taxed regardless of where or not any of it was transferred to Thailand. Maybe that only applied to Thais and not foreign residents.

[Denim]

8 hours ago, webfact said:

Carden advised using professional tax services to navigate the system,

 

I just bet he did.

 

I shall continue sitting on the fence until the woodworms turn up , then if push comes to shove leave.

 

Any tax grab will then become a tax loss for them.

[connda]

59 minutes ago, proton said:

 

Half the Thai population should be in jail then 

Much more than that.

[Letseng]

6 hours ago, Aussie999 said:

Question 1... does saving count as income if transferred from overseas account into a Thai account.. technically savings are not income.

Question 2... how do you get around the 160 day limit.

You get around the limit by leaving the country after 182 days. Come back another year.