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

[Yumthai]

Just now, chiang mai said:

You think!

 

The point is that nobody knows, yet people claim this and that, simply because it purports to support their theories....there comes a time to put up or shut up.

You don't know what you don't want to know as you can't see what you don't want to see.

[chiang mai]

1 minute ago, Yumthai said:

You don't know what you don't want to know as you can't see what you don't want to see.

Perhaps, but at least I can read and understand the Revenue Code and also read first hand reports from members confirming discussions with Revenue staff in Bangkok so I've got the edge over you.

[The Cyclist]

3 minutes ago, Yumthai said:

You don't know what you don't want to know as you can't see what you don't want to see.

 

This is quite a statement, from someone who cannot see that

 

1. Thailand implemented CRS in summer 2023

 

2. Tweaks to the rules were made a few months later, coming into effect for the start of the 2024 tax year.

 

It's all just a coincidence and nothing to do with CRS 😀😀😀

 

[BritManToo]

25 minutes ago, chiang mai said:

You think!

 

The point is that nobody knows, yet people claim this and that, simply because it purports to support their theories....there comes a time to put up or shut up.

If you don't know, best to do nothing, fill no forms, keep your head down.

Just got my VISA extension for another year, which would be the only way they forced me to participate, so nobody will be forcing me to do anything until then. If they eventually knock on my door, I'll just say, "I don't know nothing".

 

You, on the other hand, appear to think everyone should participate, spend money on advisors and accountants, fill in forms, jump through hoops, just in case.

 

And my final line of defense against all officialdom from any country, I do a very good 'elderly, confused, maybe suffering from dementia, can't really remember, can't hear you, trouble breathing, I'll need to sit down now' game which defeats all comers including police.

[Yumthai]

4 minutes ago, The Cyclist said:

This is quite a statement, from someone who cannot see that

 

1. Thailand implemented CRS in summer 2023

 

2. Tweaks to the rules were made a few months later, coming into effect for the start of the 2024 tax year.

 

It's all just a coincidence and nothing to do with CRS 😀😀😀

My point was to correct your wrong statement.

Again under CRS policy, unlike what you stated, there is nowhere any rule that requires individuals to file a tax return anywhere.

 

[chiang mai]

5 minutes ago, BritManToo said:

If you don't know, best to do nothing, fill no forms, keep your head down.

Just got my VISA extension for another year, which would be the only way they forced me to participate, so nobody will be forcing me to do anything until then.

 

You, on the other hand, appear to think everyone should participate, spend money on advisors and accountants, fill in forms, jump through hoops, just in case.

Oh I know and I will file a return next year. My concern is for some others who believe some of the gob-sh ite  being spouted about not needing to file when they do. 

[Yumthai]

7 minutes ago, chiang mai said:

Perhaps, but at least I can read and understand the Revenue Code and also read first hand reports from members confirming discussions with Revenue staff in Bangkok so I've got the edge over you.

Yet, you dismiss entirely tax enforcement which has to be taken into account.

[BritManToo]

5 minutes ago, chiang mai said:

Oh I know and I will file a return next year. My concern is for some others who believe some of the gob-sh ite  being spouted about not needing to file when they do. 

Sorry, I don't know nothing about that!

[The Cyclist]

6 minutes ago, Yumthai said:

Again under CRS policy, unlike what you stated, there is nowhere any rule that requires individuals to file a tax return anywhere.

 

How can the RD file it's annual compliance reports under CRS if there is 500,000 foreign expats that they have  no idea who is doing what ?

 

This is why foreigners here  who are tax residents with ' Assessable income ' need to file tax returns.

[connda]

8 minutes ago, BritManToo said:

If you don't know, best to do nothing, fill no forms, keep your head down.

Just got my VISA extension for another year, which would be the only way they forced me to participate, so nobody will be forcing me to do anything until then. If they eventually knock on my door, I'll just say, "I don't know nothing".

 

You, on the other hand, appear to think everyone should participate, spend money on advisors and accountants, fill in forms, jump through hoops, just in case.

Immigration moved up my Extension date due to a new passport, so I'll be extending my stay in December.  So I'm not worried about whatever changes being tied to an immigration extension this year. Other than that I'm not doing anything.   The US has a DTA and I file taxes in the US.  And even if forced, Thailand would just end up giving me back all the money that they withhold on income interest on interest paid to my bank accounts if I'm forced to file in the future.  It's a bureaucratic paper shuffle and I'm not interested.  Perhaps this is a problem for the uber-wealthy farangs who look down their noses at the rest of us.  Isn't for me.

[Yumthai]

3 minutes ago, The Cyclist said:

How can the RD file it's annual compliance reports under CRS if there is 500,000 foreign expats that they have  no idea who is doing what ?

 

I suspect they wonder as you do. Correction: I think they don't care much.

[connda]

7 minutes ago, BritManToo said:

Sorry, I don't know nothing about that!

[The Cyclist]

Just now, connda said:

mmigration moved up my Extension date due to a new passport, so I'll be extending my stay in December.  So I'm not worried about whatever changes being tied to an immigration extension this year.

 

Just done mine on Thursday, no change.

 

1 minute ago, connda said:

The US has a DTA and I file taxes in the US. 

 

Ditto, under the UK- Thai DTA I will be filing nothing, but I will get an annual bank printout and attach copy of P60 and Statement of future payments and stick in an envelope in case I get a knock on the door.

[connda]

9 minutes ago, The Cyclist said:

 

How can the RD file it's annual compliance reports under CRS if there is 500,000 foreign expats that they have  no idea who is doing what ?

 

 

This is the beauty of Thailand.  Sure they have laws on the book, but the enforcement divisions of their bureaucracies can even enforce the laws on Thai citizens.  Trying to enforce those laws on foreign expats with external income sources will be like herding cats.

[The Cyclist]

3 minutes ago, connda said:

This is the beauty of Thailand.  Sure they have laws on the book, but the enforcement divisions of their bureaucracies can even enforce the laws on Thai citizens.  Trying to enforce those laws on foreign expats with external income sources will be like herding cats.

 

I can agree with that.

 

With the caveat, that this is not Thailand pushing this, it is coming from outside Thailand.

 

What Thailand will actually do, remains to be seen.

[ElwoodP]

Flames and replies removed.

This is a discussion forum, members will have different opinions.

Everyone is free to state their opinion in a civil and polite way.

If you can't be civil and polite best not to post anything.

[Ben Zioner]

2 hours ago, The Cyclist said:

 

Yes that is an option.

 

Not worth the expense of bouncing around SE Asia or returning to home Country for 6 months to save maybe 10,000 Baht a year in Thai tax

Will be more like a 1 Million for some, though...

 

I m somewhat underprivileged, so I could face a bill of 800000+.

[scottiejohn]

1 hour ago, chiang mai said:

The point is that nobody knows, yet people claim this and tha

If as you say "nobody knows" how come you claim to know it all?

[scottiejohn]

1 hour ago, chiang mai said:

The penalties for not filing when tax is due, are severe and include jail.

Should that not read "The penalties for not filing when tax is due, can be are severe and may include jail."

[The Cyclist]

14 minutes ago, Ben Zioner said:

Will be more like a 1 Million for some, though...

 

I m somewhat underprivileged, so I could face a bill of 800000+.

 

And that was my previous point.

 

If I thought I was due IRO Baht 1 millon in Thai Tax, I would not be filing myself, I would be paying an accountancy firm to file on my behalf.

 

And I will go out on a limb here. I doubt very few, if any posters on this thread will have a tax bill anywhere near Baht 1 million.

[JimGant]

2 hours ago, chiang mai said:

2 hours ago, Yumthai said:

As I mentioned you need to associate rules enforcement level to get the full spectrum of what's in stake, then decide accordingly.

A stupid response! 

Yumthai, don't waste your energy, 'cause you're talking to a guy who drives the fast lane at exactly the speed limit, or maybe a little less -- and has twenty cars tailgating, driven by rational citizens, honking and flipping him off. Takes all kinds.

[Enzian]

5 minutes ago, The Cyclist said:

And I will go out on a limb here. I doubt very few, if any posters on this thread will have a tax bill anywhere near Baht 1 million.

I've said this before, if the TRD would not accept my Schedule E on my US rental income business return, or allow in some other way for deduction of actual expenses, and in total, I could very easily be in that bracket, and there may be more here than you imagine, with all due respect. 

[The Cyclist]

15 minutes ago, Enzian said:

I've said this before, if the TRD would not accept my Schedule E on my US rental income business return, or allow in some other way for deduction of actual expenses, and in total, I could very easily be in that bracket, and there may be more here than you imagine, with all due respect. 

 

Yes, I would have been in that bracket between 2010 - 19 but it wasn't in force then and I was never a tax resident anyway.

 

You could have done the same as me, by limiting your remitted income income in 2024 until the dust settles.

 

That would have  been good forward planning.

[Ben Zioner]

19 minutes ago, The Cyclist said:

And I will go out on a limb here. I doubt very few, if any posters on this thread will have a tax bill anywhere near Baht 1 million.

Can't see why you say that, 1 million is the IT for a 4 million income (approximately), which concerns a population of 5% to 10% of the expats here (probably the least vocal group, for good reasons), so thousands or tens of thousands potentially.

 

Now I don't put the LTR visa into the picture, which I have BTW, as many questions regarding the application of it's associated tax exemption remain.

[JimGant]

1 hour ago, chiang mai said:

The penalty for not filing when no tax is due, is 2k Baht. The penalties for not filing when tax is due, are severe and include jail.

Right. So for sure, if you owe taxes, get a TIN and file a return. Common sense, when analyzed against a sensical law against tax evasion -- and some appropriate penalties. But, owe no taxes -- you're free to analyze against a nonsensical law, whose penalty is paltry (and never seen applied). Then decide to file, or not. Not really a brain teaser -- unless we see further guidance about TRD getting serious about seeing null tax returns.

 

Anyway, I'm sure most reading this are getting tired of the same old arguments. I know I am.

[Enzian]

8 minutes ago, The Cyclist said:

 

You could have done the same as me, by limiting your remitted income income in 2024 until the dust settles.

I did limit in 2024 to nothing but US SS. Of course I wouldn't remit my total gross rental receipts in a given year. I was considering global income taxation, not assessable income remitted, but I understand we're not there yet, at least technically.

[The Cyclist]

10 minutes ago, Ben Zioner said:

Can't see why you say that, 1 million is the IT for a 4 million income (approximately), which concerns a population of 5% to 10% of the expats here (probably the least vocal group, for good reasons), so thousands or tens of thousands potentially.

 

Did you not see the part where I said " Probably not posting on here "

[The Cyclist]

5 minutes ago, Enzian said:

I did limit in 2024 to nothing but US SS.

 

I have no idea how much US SS is, but I do know that it is not taxable in Thailand

 

5 minutes ago, Enzian said:

I was considering global income taxation

 

Why ?
 

The time to consider it is when  it actually becomes a thing.

 

If it does happen, this house will then become a holiday home for 5 months of the year.

 

Stop considering things that might happen, act when they do happen.

[Ben Zioner]

8 minutes ago, The Cyclist said:

 

Did you not see the part where I said " Probably not posting on here "

"And I will go out on a limb here. I doubt very few, if any posters on this thread will have a tax bill anywhere near Baht 1 million."

[The Cyclist]

3 minutes ago, Ben Zioner said:

"And I will go out on a limb here. I doubt very few, if any posters on this thread will have a tax bill anywhere near Baht 1 million."

 

It's right there in the part you quoted, I'll now put in bold for you

 

I think I will stick by my assumption. Recipients of Pensions, Social Security, State Pensions and other odds and sods will not have Baht 1 million tax bills in Thailand.

 

And as they make up the majority of the posters in the thread, I think I am probably correct in the part I just put in bold.