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

[Lacessit]

22 hours ago, chiang mai said:

How far under the radar can a resident foreigner be in Thailand! Immigration has all our bank details, the bank has our Immigration/visa details, everyone has copies of our passports, the BOT sees all our inbound and outbound TT's, the TRD gets details of tax withheld on savings accounts, etc etc etc. 

The only bank account Immigration knows about is the 800 K baht on deposit. I have two other accounts here they know nothing about.

 

I do not have a Thai tax number. I have a pink Thai ID card which is occasionally useful.

 

The TRD is welcome to the tax on the pitiful interest I earn on accounts here. I am not interested in claiming it back.

 

The Thai government knows nothing about the investments and bank account I have in Australia.

 

Everyone has copies of our passports, true. So what? No skin off my nose if Thailand wants to drown itself in paper.

[Gottfrid]

On 11/7/2024 at 3:39 PM, norsurin said:

I agree with u.First ur gf/wife take ur money and property.And u get ripped off everywhere..dual pricing etc etc

And now the government coming after expats.Whats next?

 

Ops! So many wrongs, that it´s hard to know where to start. How can your wife or girlfriend take your money and property if you not give it in the first place?

 

If you get ripped off by dual pricing, you also allow yourself to be ripped off. There are two things that can prevent that. A Thai pink id or a drivers license usually gets you the Thai price. The other alternative is to not visit and pay on places that engage in such activities.

 

What? The government coming after expats? Are you for real? In most countries in the world you become a tax resident if you stay more than 180-185 days.

What´s Next? I don´t know. Maybe you and a one way trip to another country of choice that fits you much better.

[Jingthing]

I'm not really taking the advice to register seriously considering the source that will directly make money if people listen.

But I do have a question.

I intentionally am transferring in ZERO baht into Thailand this year for the very reason that I wanted to have a buffer until the policies and enforcement (if any) are made more clear.

So I have no plans of getting a tax ID to cover this year.

If I am audited at a later time for this year, I can't think of anything easier than proving that I didn't transfer in even one baht.

Am I wrong?

[chiang mai]

8 hours ago, thailand49 said:

 

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.

Over 61 countries have dual tax agreements with Thailand, here's a list of them and the related agreements:

 

https://www.rd.go.th/english/766.html

[chiang mai]

1 minute ago, Jingthing said:

I'm not really taking the advice to register seriously considering the source that will directly make money if people listen.

But I do have a question.

I intentionally am transferring in ZERO baht into Thailand this year for the very reason that I wanted to have a buffer until the policies and enforcement (if any) are made more clear.

So I have no plans of getting a tax ID to cover this year.

If I am audited at a later time for this year, I can't think of anything easier than proving that I didn't transfer in even one baht.

Am I wrong?

No you are not wrong, if you don't have assessable income, you do not need to file a return or get a TIN.

[Gknrd]

Joke of the year!

[Gaccha]

1 hour ago, Lacessit said:

The Thai government knows nothing about the investments and bank account I have in Australia.

 

You Sweet Summer Child.

 

This is how they know everything about your Australian money and investments.

[Lacessit]

2 minutes ago, Gaccha said:

 

You Sweet Summer Child.

 

This is how they know everything about your Australian money and investments.

Shilling for a tax adviser.

 

If they do, they also know my money and investments predate 2024, and are therefore not taxable.

 

Thanks for stopping by.

[chiang mai]

3 minutes ago, Lacessit said:

Shilling for a tax adviser.

 

If they do, they also know my money and investments predate 2024, and are therefore not taxable.

 

Thanks for stopping by.

 

9 minutes ago, Gaccha said:

 

You Sweet Summer Child.

 

This is how they know everything about your Australian money and investments.

TRD knows what you tell them in your tax return, that's all you need to support, nothing more. Just having assets overseas doesn't expose you to any potential risk with TRD, unless you remit those assets to Thailand and you were supposed to declare them here but didn't. TRD doesn't have a list of all your global assets, whyever would they!