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

[Rolo89]

1 hour ago, chiang mai said:

Thailand would not know anything, unless you tell them, that said, your bank sees all incoming funds transfers  and these are reported to the Central Bank. You might tell them because you decide to file a tax return and declare your assessable income. OR, you might tell them because you don't file a tax return and one day they decide to ask you why you haven't and you need to explain things. I personally would wish to avoid the latter at all costs, because several years down the road, that could get messy, having to gather records and prove my case.

Thailand should in theory have access to all your bank account information within CRS.

 

Always keeping logs of where you spend days, days worked, money received is important regardless of if you have a Thai tax ID or not as banks or governments could ask for this info.

[chiang mai]

1 minute ago, JimGant said:

I thought it was a fair question, considering most normal expats don't file Thai tax returns. Over.

Yet again, overly argumentative on a point that cannot be readily proven and where expressed views are only opinions, supported by anecdotal evidence. My evidence is as previously stated, yours appears to be emotion and a strong desire for everyone to believe the same things you believe. Give it a rest.

[JimGant]

2 minutes ago, chiang mai said:

My evidence is as previously stated, yours appears to be emotion

Nothing emotional about stating that most expats are familiar with the "last year's money" concept. And thus haven't filed a Thai tax return. Going forward, however, will probably be a different situation.

[rumeaug]

It is necessary to declare properly. in the past, when i just arrived in T, i just didn't file anything for a couple of years. Once i did and TRD saw that i never declared any income i had to pay (relatively) hefty penalties (depending on the case, and if you don't try to be a smart A** , the TRD officers can actually be quite lenient and not load the mule too much). Cheers

[madone]

On 11/7/2024 at 5:21 AM, webfact said:

Carden clarified that only overseas income transferred to Thailand is relevant for taxation. Issues like pre-taxed pensions and double taxation treaties should also be considered.

 

On 11/7/2024 at 5:21 AM, webfact said:

Carden mentioned that taxing foreign residents has become common worldwide, and it's essential to comply even if no income is remitted to Thailand.

bit of a mixed message that.

[chiang mai]

1 minute ago, JimGant said:

Nothing emotional about stating that most expats are familiar with the "last year's money" concept. And thus haven't filed a Thai tax return. Going forward, however, will probably be a different situation.

And there's nothing wrong with me stating that I believe larger numbers of foreigners file tax returns  than many members think, because I have seen them doing so. That doesn't make them retarded or anyone who thinks that an idiot. Now please, go and bait somebody else.

 

[JimboB4]

More misinformation from this sight. No there is no reason to register if your income is non-taxable except due to the treaty such as Social Security VA and military retirement. Totally unnecessary you obviously can’t be charged penalties for money that you don’t owe. Ohh but Mr. Carden says you should whoever the he!! that is 🤣🤣🤣 

 

🤣Mr. Carden on TVF says to register better jump right on it 🤣🤣🤣🤣

[rumeaug]

It is necessary to declare properly. in the past, when i just arrived in T, i just didn't file anything for a couple of years. Once i did and TRD saw that i never declared any income i had to pay (relatively) hefty penalties (depending on the case, and if you don't try to be a smart A** , the TRD officers can actually be quite lenient and not load the mule too much). Cheers

[lordgrinz]

24 minutes ago, chiang mai said:

You don't quit with the insults, do you, is it completely beyond your capabilities to enter into discourse in a civil manner!

 

Some people believe they are the end-all-be-all of Tax information in Thailand, we all need to prostate ourselves before them and pledge our allegiance to their superior intellect.

[JimboB4]

Just now, JimboB4 said:

More misinformation from this sight. No there is no reason to register if your income is non-taxable except due to the treaty such as Social Security VA and military retirement. Totally unnecessary you obviously can’t be charged penalties for money that you don’t owe. Ohh but Mr. Carden says you should whoever the he!! that is 🤣🤣🤣 

 

🤣Mr. Carden on TVF says to register better jump right on it 🤣🤣🤣🤣

Hello, yes Mr. Carden says I should register? 

[gamb00ler]

1 hour ago, YorkshireTyke said:

An expert who doesn't know that you have to be working in Thailand to obtain a TIN.............................

I and a couple of expat friends are proof that your statement is incorrect.  We all have a Thai tax ID by going to TRD and requesting one.  My TRD visit was 3-4 years ago and took 15 minutes and only reasonable documentation.  I was and am on a retirement extension.

 

I have never filed Thai taxes as I successfully had the banks stop the tax withholding on interest payments.

Edited 2 hours ago by gamb00ler

[JimboB4]

2 minutes ago, JimboB4 said:

More misinformation from this sight. No there is no reason to register if your income is non-taxable except due to the treaty such as Social Security VA and military retirement. Totally unnecessary you obviously can’t be charged penalties for money that you don’t owe. Ohh but Mr. Carden says you should whoever the he!! that is 🤣🤣🤣 

 

🤣Mr. Carden on TVF says to register better jump right on it 🤣🤣🤣🤣

Typo non-taxable exempt is what I meant to write. 

[chiang mai]

2 minutes ago, JimboB4 said:

More misinformation from this sight. No there is no reason to register if your income is non-taxable except due to the treaty such as Social Security VA and military retirement. Totally unnecessary you obviously can’t be charged penalties for money that you don’t owe. Ohh but Mr. Carden says you should whoever the he!! that is 🤣🤣🤣 

Technically, the requirement is to file a return, as long as you are tax resident and you have more than 60k in assessable income. Technically, if you don't, you can be subject to a fine....technically.  So the issue is not strictly owning money, it's about filing or not filing, in that context, Carden is more right than wrong.

[JimboB4]

1 minute ago, gamb00ler said:

I and a couple of expat friends are proof that your statement is incorrect.  We all have a Thai tax ID by going to TRD and requesting one.  My TRD visit was 3-4 years ago and took 15 minutes and only reasonable documentation.  I was and am on a retirement extension.

Just ignore it it’s misinformation. This sight is no longer really worth anything regarding information. It used to be a little better. 

[JimboB4]

1 minute ago, chiang mai said:

Technically, the requirement is to file a return, as long as you are tax resident and you have more than 60k in assessable income. Technically, if you don't, you can be subject to a fine....technically.  So the issue is not strictly owning money, it's about filing or not filing, in that context, Carden is more right than wrong.

No it’s not 

[chiang mai]

5 minutes ago, JimboB4 said:

No it’s not 

I don't really care what you think on this point, you must do as you think is best.

 

https://www.pwc.com/th/en/tax/assets/thai-tax/thai-tax-booklet-2023-24.pdf

Edited 1 hour ago by chiang mai

[gamb00ler]

1 minute ago, JimboB4 said:

Just ignore it it’s misinformation. This sight is no longer really worth anything regarding information. It used to be a little better. 

It seems the many AN members have started to think their opinions are as good as facts despite their limited experience.

[thailand49]

3 hours ago, chiang mai said:

Hmmm, you appear to not understand how the tax system works!

 

2024, this year, is the tax year. During this year, tax payer income and revenue is measured which is then reported, NEXT year during first quarter. 

 

Please feel free to ask questions, if this is too confusing.

 

 

No it isn't for me at least, if that is your opinion I say stay the course!  According to the expat meeting i attended it should have started already but yet we are still talking about it. You say jump because someone has told you to jump  your reasoning is how high master. I plan to wait until it is official now tell me IS THAT TOO CONFUSING FOR YOU!

 

Also, if and when it happens the biggest huddle they have America being one of the few countries that has a Duel Tax treaty with Thailand I've not seen anything from the leaders here to overturn that treaty.

Edited 1 hour ago by thailand49

[lordgrinz]

1 minute ago, gamb00ler said:

It seems the many AN members have started to think their opinions are as good as facts despite their limited experience.

 

Exactly, we are all talking about what is going on around us, and sharing information we find, or questions we may have. The problem starts when someone insist they are the end-all-be-all of information, that their opinion is the only one, and that everyone else is wrong. 

[Yumthai]

1 minute ago, lordgrinz said:

The problem starts when someone insist they are the end-all-be-all of information, that their opinion is the only one, and that everyone else is wrong. 

Have you someone in mind? 😁

[chiang mai]

2 minutes ago, thailand49 said:

No it isn't for me at least, if that is your opinion I say stay the course!  According to the expat meeting i attended it should have started already but yet we are still talking about it. You say jump because someone has told you to jump  your reasoning is how high master. I plan to wait until it is official now tell me IS THAT TOO CONFUSING FOR YOU!

The problem is that it has started but you don't seem to understand that. What hasn't started yet is the tax on world wide income or the negative income tax proposals, they are not still being discussed. But the rule change regarding remittances was put into effect last October using Por 161 and became effective on 1 January this year, the first day of the new tax year.

[redwood1]

4 minutes ago, gamb00ler said:

It seems the many AN members have started to think their opinions are as good as facts despite their limited experience.

 

Yea every one must do as they think is best....

 

What we DONT NEED is some one who repeatedly posts on tax issues and tries to imply that their opinion is the correct one.... 

[chiang mai]

10 minutes ago, redwood1 said:

 

Yea every one must do as they think is best....

 

What we DONT NEED is some one who repeatedly posts on tax issues and tries to imply that their opinion is the correct one.... 

I agree, such people should be challenged by posting inconvertible proof/links/evidence that their opinion is incorrect and setting out the true answers. In the meantime, those that can't can just keep posting their emoji's, if that's all they got!

Edited 1 hour ago by chiang mai

[anrcaccount]

2 hours ago, chiang mai said:

14 hours ago, anrcaccount said:

You don't need proof that the sky is blue. Some things are self evident.

 

It's beyond any reasonable doubt that the vast majority of expats don't even have a TIN, and have never filed a Thai tax return.

 

Your anecdotal evidence that only a few foreigners file tax returns in Thailand is based on the fact only a few AN members have admitted to doing so and I am one of them. You are misguided if you think that the AN membership includes a majority of foreigners in Thailand or is truly representative of them.

 

My anecdotal evidence is fueled by my annual visits to the TRD office to file a return, a journey that you appear not to make, and the sight of other foreigners doing exactly as I was doing.

 

So no, it is not self evident that only a few foreigners file Thai taxes, which is far far far from beyond reasonable doubt, especially since so many foreigners rely on their monthly pension income, to qualify for their long stay visa, using the income method..

 

I can't believe you're actually doubling down on this.

 

You honestly believe any significant number of (non working) foreigners file Thai taxes?  What % do you think it is?

 

You honestly believe that retirees using the income method have been declaring same year foreign income remitted?

 

Astounding.

 

 

 

 

[Jim Blue]

On 11/7/2024 at 8:14 AM, quake said:

On 11/7/2024 at 6:13 AM, sungod said:

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

 

 

I never would have guessed.!

 

[chiang mai]

5 minutes ago, anrcaccount said:

 

I can't believe you're actually doubling down on this.

 

You honestly believe any significant number of (non working) foreigners file Thai taxes?  What % do you think it is?

 

You honestly believe that retirees using the income method have been declaring same year foreign income remitted?

 

Astounding.

 

 

 

 

You have said it is obvious they do not, where is your proof? If you tell me it's  your opinion, that's fine, just like my statement is my opinion. But if you want to make a meal out of it and push to be seen as totally correct, prove it.

[BritManToo]

57 minutes ago, lordgrinz said:

 

Exactly, we are all talking about what is going on around us, and sharing information we find, or questions we may have. The problem starts when someone insist they are the end-all-be-all of information, that their opinion is the only one, and that everyone else is wrong. 

There is no information on this subject to find or share.

It's totally imaginary.

 

Retired Expats in Thailand have not been asked to pay Thai tax.

And if you haven't worked here, you are unlikely to ever be asked to pay tax.

Edited 1 hour ago by BritManToo

[chiang mai]

9 minutes ago, BritManToo said:

There is no information on this subject to find or share.

It's totally imaginary.

 

Retired Expats in Thailand have not been asked to pay Thai tax.

And if you haven't worked here, you are unlikely to ever be asked to pay tax.

"I see no ships".

 

 

[jojothai]

57 minutes ago, anrcaccount said:

 

I can't believe you're actually doubling down on this.

 

You honestly believe any significant number of (non working) foreigners file Thai taxes?  What % do you think it is?

 

You honestly believe that retirees using the income method have been declaring same year foreign income remitted?

 

Astounding.

 

 

 

 

Why would they have declared the remittances?

The remittance tax change was from 1st jan 2024. So there has been no need for the retirees using the income method to file tax returns previously.

But the remittances became a taxable amount this year, then the retirees soon have to decide what to do.

Next year we should expect to start to see how this develops.

[lordgrinz]

1 minute ago, jojothai said:

Why would they have declared the remittances?

The remittance tax change was from 1st jan 2024. So there has been no need for the retirees using the income method to file tax returns previously.

But the remittances became a taxable amount this year, then the retirees soon have to decide what to do.

Next year we should expect to start to see how this develops.

 

Actually, remittance earned in the same year was always taxable.