Exemption of withholding tax in home country

[CallumWK]

My EU bank just emailed me this.

 

Certificate
As a result, the client confirms that he requests the exemption from withholding tax regarding:
• dividends and other income spread by a Belgian investment company2 (art. 106§7 and art. 117§6 AR/CIR 92);
• Income of bonds, cash vessels and other similar instruments 3 (art. 107 §2, 5 °, Ben 10 °, 113 §3, C and art. 118 §1, 1 ° AR/CIR 92);
• income of money deposits (art. 110, 4 °, B and 117§6 AR/CIR 92);
• Foreign movable income (art. 230, 2 ° CIR 92).

 

So I can be exempt of withholding tax on my savings accounts in my home country. The money in those accounts will not be emitted to Thailand.

What does this mean for me in Thailand?

Will the Thai revenue office automatically charge me withholding tax on my interests in the EU, or only if I tell them?

The bank obviously knows my Thai TIN, because I have to fill that on the document?

I have no income in Thailand, and don't plan to transfer money either, as I have enough savings here already. Every year I claim back the withholding tax on my Thai interests, so can I claim the foreign ones as well?

I understand that I can claim back up to 60K baht in total per year?

Edited 1 hour ago by CallumWK

[KhunHeineken]

Many countries are moving towards the worldwide income taxation model. 

 

Worldwide income means any and all income earned in any and all countries, regardless of where you reside, and where the money is earned.

 

Interesting times ahead. 

Edited 1 hour ago by KhunHeineken