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

[stoutfella]

Sounds like talking to a reputable tax adviser would be a good idea. Is there one anybody could recommend?

[chiang mai]

2 minutes ago, stoutfella said:

Sounds like talking to a reputable tax adviser would be a good idea. Is there one anybody could recommend?

Price Waterhouse is located in Bangkok, as are other Big 4 accountancy firms, they are easy enough to locate via the web. A link below lists other tax consulatanies in Thailand:

 

 

[SunnyinBangrak]

We left the country after this globalist bs from the Thai govt. 25 happy years came to an end. I knew it was coming after seeing Sretta off running around with scumbags from the WEF and kissing rings of the Soros goons. Either tax us and give us rights and benefits, or solvent expats will find better places to live. Simple

Edited Sunday at 11:23 AM by SunnyinBangrak

[Letseng]

On 11/8/2024 at 8:17 AM, Aussie999 said:

that does not suit those who live here, with family.

The taxman rarely makes the rules to suit the taxpayer. 

[bigt3116]

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

Carden advised using professional tax services to navigate the system, as most pensioners on savings may owe little or nothing.

 

He wants us to pay for his services when he reckons a lot of us will owe nothing, that seems very counter intuitive

[chiang mai]

21 minutes ago, bigt3116 said:

 

He wants us to pay for his services when he reckons a lot of us will owe nothing, that seems very counter intuitive

You're paying to navigate the system and proving you owe nothing, something you may not be able to do yourself.

[Aussie999]

1 hour ago, Letseng said:

The taxman rarely makes the rules to suit the taxpayer. 

sorry mate, but your reply is irrelevant, to what I asked, and what I replied to.

[MartinBangkok]

On 11/7/2024 at 9:33 PM, sungod said:

 

You are in the wrong sub forum, you need to be in the 'what are you smoking now?'

Wait and see @sungod.

[Gknrd]

Westerners are seen as a walking ATM for years in Thailand. Which was ok with me. But when the government started viewing us as paydays I left. Scr^ew Thailand. Polluted miserable place to live long term.  Hyped up by the internet.  

[Njoku]

On 11/7/2024 at 5:46 PM, riverhigh said:

If you are on a one year visa that can be teminated on the whim of a bureaucrat, you are not a resisednt.  You neither have the rights nor the representation of a resident. You are merely a glorified holiday maker on an extended visa. This is not taxes this is a unjustified money grab.

That can be said for anywhere in the world an expat finds them selves living in, anything original and sensible to add?

[Njoku]

On 11/7/2024 at 5:46 PM, riverhigh said:

If you are on a one year visa that can be teminated on the whim of a bureaucrat, you are not a resisednt.  You neither have the rights nor the representation of a resident. You are merely a glorified holiday maker on an extended visa. This is not taxes this is a unjustified money grab.

That can be said for anywhere in the world an expat finds them selves living in, anything original and sensible to add?

[Njoku]

On 11/7/2024 at 8:22 PM, EVENKEEL said:

Please walk me through this. When I renew my extension at Immigration they will have access to my taxes from my home country automatically? And, they will then detain me till I pay?  I'm speechless.

No but at some point in time because we expats are a soft target they can make us jump...high....so when they are ready they will simply make it a condition just like you need to get from your bank that states your funds have been in youre account for the required time they will make you get one from the revenue department as well that say you are up to date with filing and paying any outstanding tax, not hard to do and the onus is on you sir, then the law etc is retrospective from Jan 1 2024, fines and interest if applicable will be levied on your burden plus you will have something like a week to show proof etc off the 10 odd pages they will demand off you simply because they love there paper work here which you will have a hell of a time sorting through then end up being on overstay cause you cant renew youre god dam visa.

 

Just think it through there are ways to stick to the tax free threshold for most of us and just another crap day spent each year doing and lodging a tax form...

[Njoku]

On 11/8/2024 at 8:15 AM, Aussie999 said:

As a 70 yo Aussie, on the aged pension, no other income, I do not need to submit an Australian tax return... how would Thailand know my income, as the ATO say they do not release the returns.  As far as Thailand is concerned, I only have savings, that "could" come from superannuation, so is savings, not income.

If they ask and at some point they very well might make it conditional renewing long stay visa, you will need to provide proof.....that would mean a copy of an Aussie bank statement from 2023 that showed you had x amount in it, they are only interested in what you remit into the country so say you brought in 20,000$ a year over the next 5 ys then that bank statement would need to show savings of over 100,000$, if they decided to get technical they would make you jump hoops as that 100 gees was earning interest, its what you remit into the country, a bit of thinking can keep you at the 500,000B threshold or less for no tax payable just one day a year to lodge a return, you comply and save yourself future heart ack as an elderly gent trying to negotiate with the tax office that you cannot win against.

Edited 19 hours ago by Njoku

[jayboy]

11 minutes ago, Njoku said:

If they ask and at some point they very well might make it conditional renewing long stay visa, you will need to provide proof..

 

This is pure and ill informed speculation on your behalf and bears no resemblance to reality.If Thailand wanted to monitor foreigners tax compliance a mechanism already exists in the Tax Clearance certificate which is now in suspense but could easily be revived.Again there has never been any suggestion up to now that it will be revived, other than in the fevered minds of some foreigners.Personally I think it unlikely.

[chiang mai]

6 minutes ago, jayboy said:

 

This is pure and ill informed speculation on your behalf and bears no resemblance to reality.If Thailand wanted to monitor foreigners tax compliance a mechanism already exists in the Tax Clearance certificate which is now in suspense but could easily be revived.Again there has never been any suggestion up to now that it will be revived, other than in the fevered minds of some foreigners.Personally I think it unlikely.

I have read that issuing Tax Clearance certificates was originally suspended following protests by the Embassies, who thought obtaining one was too complicated and time consuming. If that was true, it seems unlikely they will want to go down that same road again. Yet they may still want to enforce compliance with the tax laws and the visa process would be the perfect mechanism for that. If I was them, that's what I would do.

[jayboy]

1 minute ago, chiang mai said:

I have read that issuing Tax Clearance certificates was originally suspended following protests by the Embassies, who thought obtaining one was too complicated and time consuming. If that was true, it seems unlikely they will want to go down that same road again. Yet they may still want to enforce compliance with the tax laws and the visa process would be the perfect mechanism for that. If I was them, that's what I would do.

 

It was a slight annoyance but the key point is the mechanism actually still exists and requires no additional legislative or statutory authority.

 

I don't know why they suspended the requirement.I doubt whether the Embassies had much to do with it - perhaps the Japanese and the Americans who had the major influence in those days.

 

Tax clearance requirements for foreigners do exist in a few countries but as in Malaysia are directed at foreigners who have been employed, not retirees and other non working people.

 

Who knows what they will do?

[Njoku]

19 minutes ago, jayboy said:

 

This is pure and ill informed speculation on your behalf and bears no resemblance to reality.If Thailand wanted to monitor foreigners tax compliance a mechanism already exists in the Tax Clearance certificate which is now in suspense but could easily be revived.Again there has never been any suggestion up to now that it will be revived, other than in the fevered minds of some foreigners.Personally I think it unlikely.

You can believe what you like, so much s.h.i.t written here most people have a distorted view of what's required, I certainly not saying I know exactly what's needed or going to happen in the future to make expats comply im just giving you examples of how they could and what you will need to come up with, soon I will take a wander down to the revenue department and get it first hand, my understanding is if you remit into the country you need to file a tax report, if you keep the remit to under 500,000 b for an over 65 dude no tax payable, since I live in Pattaya im fairly confident the revenue dept will have more knowledge that some flea bitten out post in issan, and I certainly wouldn't want to risk not to comply to register for a tax file number and lodge for a pittance of tax I might need to pay let along the b.u.l.l.s.h.i.t they will put me through if and when the day comes.

[jayboy]

4 minutes ago, Njoku said:

most people have a distorted view of what's required,

 

Agreed, you included.

 

5 minutes ago, Njoku said:

my understanding is if you remit into the country you need to file a tax report

 

Incorrect.There are circumstances when not necessary, especially if the individual has no assessable income.

 

6 minutes ago, Njoku said:

im fairly confident the revenue dept will have more knowledge that some flea bitten out post in issan,

 

They are equally likely to be misleading.

[EVENKEEL]

2 hours ago, Njoku said:

No but at some point in time because we expats are a soft target they can make us jump...high....so when they are ready they will simply make it a condition just like you need to get from your bank that states your funds have been in youre account for the required time they will make you get one from the revenue department as well that say you are up to date with filing and paying any outstanding tax, not hard to do and the onus is on you sir, then the law etc is retrospective from Jan 1 2024, fines and interest if applicable will be levied on your burden plus you will have something like a week to show proof etc off the 10 odd pages they will demand off you simply because they love there paper work here which you will have a hell of a time sorting through then end up being on overstay cause you cant renew youre god dam visa.

 

Just think it through there are ways to stick to the tax free threshold for most of us and just another crap day spent each year doing and lodging a tax form...

OK, sure. Whatever. Be sure to drop a dime on those of us who think all this talk is silly.

Edited 16 hours ago by EVENKEEL

[Jack1988]

On 11/10/2024 at 4:57 AM, node said:

Thailand is like a dog that started to sock your eggs from your chicken cage. You will not be able to stop it. Once they taste money, they will not stop. 

I always defeat these dogs haha

 

Thailand is good only for a few months, then that's it, just leave, bye bye 

Edited 16 hours ago by Jack1988

[Aussie999]

3 hours ago, Njoku said:

If they ask and at some point they very well might make it conditional renewing long stay visa, you will need to provide proof.....that would mean a copy of an Aussie bank statement from 2023 that showed you had x amount in it, they are only interested in what you remit into the country so say you brought in 20,000$ a year over the next 5 ys then that bank statement would need to show savings of over 100,000$, if they decided to get technical they would make you jump hoops as that 100 gees was earning interest, its what you remit into the country, a bit of thinking can keep you at the 500,000B threshold or less for no tax payable just one day a year to lodge a return, you comply and save yourself future heart ack as an elderly gent trying to negotiate with the tax office that you cannot win against.

I do not base my life on "ifs" if I did I wouldn't get our of bed.