Jump to content

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


Recommended Posts

Posted

Many will be faced with the choice to either register or to start packing up and leave Thailand. Stay here for less then 180 days if no choice, but definately not worth staying here for more. Let all the foreigner money be spent elsewhere in Asia.

  • Like 2
Posted
4 hours ago, Sheryl said:

Since the Thai tax form does not provide any means of declaring nion-assessable income, and there has been no indication that will change, it makes zero sense for people without assessable income to submit a Thai tax return. You'd have to show 0 income, which would surely lead to questions/problems.

 

Not likely.  Showing zero salary/income and zero assessable remittances is normal for many filing only to request refund of interest withholding tax.

 

In case someone asks about remittances, the response that it was prior savings or pension should be sufficient.

 

 

Posted
5 hours ago, ujayujay said:

As a pensioner in Thailand, I can't do anything as long as I'm only given so little information by the Thai tax authorities! Are they too lazy to provide reliable information or are they simply incompetent?🤪

I wont say it is incompetence, more a case of they just don't know. There is a lot of information to digest as far as the international taxation changes are concerned. Knowing Thai authorities, they will do their damnedest to make as much as they can, from as many as they can.

Posted

Discussing potential changes to Thailand’s tax system, Carden mentioned the speculative nature of shifting from a residence-based tax system to one that includes worldwide income, which would require parliamentary approval.

--------------------------------------------------------------------------

 

He  admits he doesn't really know anything better than the ordinary expats(retires), but still want clients' money for his Useless Consultancy.

 

Bull*hit article of the year.

 

  • Like 1
  • Agree 1
Posted
24 minutes ago, JimGant said:

Has merit -- why? Why put yourself in TRD files as a tax filer -- when no taxes are owed? Probably (I hope) such a filing would go in the trash bin, as generating no interest, and no revenue. But, worst case -- you're now in the data base, and as such, they'll now expect an annual tax filing (even it it's another brain-dead nil filing) -- and if they don't get one, they'll investigate.

 

No, only an idiot would file a nil tax return -- and put themselves on the radar screen for future tax filings.

I think it has merit, that is my opinion. And please don't call people idiots just for having a different opinion to you!

  • Agree 1
Posted
5 minutes ago, chiang mai said:

Some people want to file a null return, some people want to be seen as small fry to avoid closer scrutiny.

Ok, I won't call them idiots. So, what shall we call them? Misinformed?

Posted
9 hours ago, BritManToo said:

Expat clubs are riddled with crooks trying to make money from elderly expats.

It's probably why I have never joined an expat club.

  • Agree 1
Posted
3 hours ago, chiang mai said:

If you mean that link you posted a couple of times, the one that talked about Negative Income Tax, that's something completely and totally different from what everyone else is talking about currently and has nothing to do with the need to file a return next year.

That's because there isn't anything new about filing taxes, that's according to the Minister of Finance. 

 

https://thethaiger.com/guides/best-of/top-5-tax-firms-in-thailand

 

Lister contributed the above thread for tax experts. But, he was just giving advice to help.

Posted
2 minutes ago, JimGant said:

 Why, for goodness sakes?

I've already explained it to you! Some people want a track record with the Revenue to show they are following the rules and to demonstrate they are small fry in the tax world and the world of remittances to Thailand. It's a matter of personal choice, it's not as though they are breaking any laws, they are in fact following the law to the letter. Now enough of this, we've been down this road endless times and you know all these things already. 

  • Like 1
Posted
1 minute ago, EVENKEEL said:

That's because there isn't anything new about filing taxes, that's according to the Minister of Finance. 

I've no idea what you're talking about.

Posted
7 minutes ago, Lacessit said:

It's probably why I have never joined an expat club.

Have you ever had an invitation?...555

  • Love It 1
Posted
10 minutes ago, Sheryl said:

Last time I filled out form to get interest witholding back it led to 2 full days of inquisition at provincial tax office  and having to submit copious documentation going back many years. My replies were definitly not consideted  sufficient. ... and that was back before the  rule about remittances was modified. 

 

That is surprising.  Opposite my experience in Bangkok and Korat.

 

Could you share some non-personally-identifying details?  What office?  Did you have any assessable income?  What sort of documentation was requested that a bank or brokerage statement wouldn't easily suffice?  Why would many years of documentation be required when income not from current year is not assessable?

  • Thumbs Up 1
Posted

Maybe he wasnt so busy drumming up the fear to use " tax experts "  to navigate :cheesy: he didnt get the memo they havent drafted a thing still in discussion havent voted.

  • Confused 1
Posted

Easier and cheaper for me to just have lots of holidays abroad.  This year it was 3 months in the US followed by a 5 day stay in Thailand to renew my retirement visa and now I’m currently in Da Nang where they are more than happy to have me.

 

Next year…Japan.  
 

I own a sweet condo in Bangkok that I will let friends stay in for free when they come….(and will do all the necessary reporting of a foreigner staying)….and that means less money for Thai hotels and restaurants.

  • Like 1
Posted
2 minutes ago, thailand49 said:

Maybe he wasnt so busy drumming up the fear to use " tax experts "  to navigate :cheesy: he didnt get the memo they havent drafted a thing still in discussion havent voted.

There is no discussion and there is no vote, the rule change was made effective 1 January 2024, it's all been done and dusted and is now in effect.

  • Like 1
  • Thumbs Up 1

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...