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

[EVENKEEL]

23 hours ago, redwood1 said:

 

The vast majority of expats in Thailand from between 50 and 100 countries from all over the world have no confusion over filing limits at all...Because they will not not be filing jack EVER in the future....Problem solved....The Indians and Chinese will barter for ages in the markets  to save 5 or 10 baht...lol.....If that tells you any thing...

I don't want you feeling ignored. Your post makes the most sense. Thank you for your service.

[chiang mai]

 

3 hours ago, Neeranam said:

Voluntary start paying tax by stupidly going to the revenue dept asking for a Tax ID.

You think tax is something you pay, only when forced to do so, and then get penalised because you haven't voluntarily, I gather.....not everyone sees things the same way.

Edited 14 hours ago by chiang mai

[redwood1]

4 hours ago, chiang mai said:

 

You think tax is something you pay, only when forced to do so, and then get penalised because you haven't voluntarily, I gather.....not everyone sees things the same way.

 

Thaksin Shinawatra  pretty much sees things this way regarding taxes.....Except he also skipped the force to pay part....

[Neeranam]

6 hours ago, chiang mai said:

 

You think tax is something you pay, only when forced to do so, and then get penalised because you haven't voluntarily, I gather.....not everyone sees things the same way.

Do you know there is no new law regarding foreigners paying tax on their foreign income?

[chiang mai]

1 hour ago, Neeranam said:

Do you know there is no new law regarding foreigners paying tax on their foreign income?

Yes of course, why?

[Neeranam]

On 11/7/2024 at 8:40 AM, CharlieH said:

Didnt I read somewhere it was ILLEGAL for non Thai to give Tax advice about Thai Tax ?

Giving formal tax advice, preparing tax returns, or acting as a representative in tax matters without the proper qualifications is illegal.

Illegal, unless they have passed relevant exams and are registered with the Department of Business Development.

 

[JimGant]

1 hour ago, Neeranam said:

Giving formal tax advice ........is illegal

Here forward. let it be known, that all tax advice given on this forum .. is INFORMAL.

[4myr]

Some common sense opinion from a Thai tax adviser

https://www.pattayamail.com/latestnews/news/pattaya-tax-lawyer-pensioners-worries-and-overseas-transmitted-income-480825

 

Quote

I know that some expats have been to their local Thai Revenue Department (TRD) and apparently been told no need to register if they are living on pensions already taxed. But I would caution that many TRD officers don’t have fluency foreign languages which could lead to confusion or misunderstanding.

..

I doubt very much that TRD will target foreign retirees living on already-taxed foreign pensions. Now that Thailand is a member of the international Common Reporting Standard, it will be much easier to identify “big fish” in international banking procedures.

..

So should the typical retiree expat obtain a tax identification number and fill in a tax form relating to overseas income early next year? If you don’t, I doubt very much that there will be immediate consequences unless you are bringing in large, untaxed sums. On the other hand, you could be asked in later years to justify your self-exemption. There are many unknowns and it could take years for blurry issues to be resolved. For example, whether use of foreign credit cards in Thailand is remitted income or not is still much debated.

 

 

Edited 1 hour ago by 4myr

[JimGant]

26 minutes ago, 4myr said:

Some common sense opinion from a Thai tax adviser

Oh, BS. Another scare tactic that says you're too stupid to do a back-of-the-envelope to see if you're even close, or not, to having any taxable income (assessabe income minus TEDA), thus needing to file, 'lest you be branded a tax evader. Otherwise, sit back and have a beer. But for heaven's sake, don't fall for this 'come in for a free 15 minute assessment.' You just know where that's going to go.

 

Nope. Most reading this can determine whether or not they're in a Thai tax filing situation. Just ignore these grifters out there with a hook.

[chiang mai]

9 minutes ago, JimGant said:

Oh, BS. Another scare tactic that says you're too stupid to do a back-of-the-envelope to see if you're even close, or not, to having any taxable income (assessabe income minus TEDA), thus needing to file, 'lest you be branded a tax evader. Otherwise, sit back and have a beer. But for heaven's sake, don't fall for this 'come in for a free 15 minute assessment.' You just know where that's going to go.

 

Nope. Most reading this can determine whether or not they're in a Thai tax filing situation. Just ignore these grifters out there with a hook.

I actually agree that the guy is speaking common sense, especially when he says that there wont likely be any immediate response to not filing a return but you may well have to justify not filing later.

 

And for the umpteenth time, we all now fully understand that there is no rule that allows any of us to calculate whether tax is due or not, after TEDA is deducted and to use that as a guide whether to file or not, even the TRD staff have been quoted now confirming that it's assessable income and tax residency, end of. That said, I agree that people should avoid the free 15 minute chat and instead, wait and see what TRD has to say between now and then.