Please, please help me to understand

[Delight]

9 minutes ago, kingstonkid said:

 

Great info. I am truly surprised that there are no accountants who are searching for Expats.  You would think there is a very large market especially for an English speaking accountant or tax specialist

 there are companies who provide the service which you refer to.

However -I am convinced that you only need such companies if you cannot be bothered to do it yourself.

Basically it is easy. You will -however -have to get a TM30.

There is a Thai website dedicated to provide such a document. I applied some time ago-they acknowledged my request.

So far nothing. Suspect that will have to visit immigration.

You basic difficulty will be communication with the TRD. Thai language only

[riclag]

1 hour ago, NorthernRyland said:

Do nothing and wait until they ask you directly for money. All these people here rushing out to pay taxes are acting on hearsay and speculation. We've ALWAYS been liable for taxes in Thailand and there has  been no new laws passed, nothing has changed in regards to enforcement. 

Yes! 

Brilliantly reiterated,

”there are no new laws passed” 

[kingstonkid]

1 hour ago, Delight said:

 there are companies who provide the service which you refer to.

However -I am convinced that you only need such companies if you cannot be bothered to do it yourself.

Basically it is easy. You will -however -have to get a TM30.

There is a Thai website dedicated to provide such a document. I applied some time ago-they acknowledged my request.

So far nothing. Suspect that will have to visit immigration.

You basic difficulty will be communication with the TRD. Thai language only

I always use experts. That way, I can save as much money as possible and ensure that I am doing it right.  Also, having someone navigate things for me is never a bad thing here, so I do not miss anything in translation. LOL

 

 

[The Cyclist]

1 hour ago, Samh said:

Can I jump in here. If I pay 20% tax in the UK on my pension are the Thais going to take another 25%?

 

The short answer is no.

 

Any tax that you might have to pay in Thailand can be offset with tax paid in the UK.

 

The trick will be having the paperwork to hand to show the tax paid in the UK.

[anchadian]

i believe the RD will be extremely busy from 02 January.

 

I wonder how many Thai/Eng translators they've taken on board.

[KannikaP]

2 hours ago, Delight said:

You basic difficulty will be communication with the TRD. Thai language only

Not if you use Phitsanulok Taxman, lovely bloke, perfect English, but unfortunatley a Man Utd fan.

[Delight]

3 hours ago, Samh said:

Can I jump in here. If I pay 20% tax in the UK on my pension are the Thais going to take another 25%?

That depends on the amount of other income sources. which end up in Thailand

The UK has a double Taxation agreement with Thailand-so tax paid in the UK will act as a credit against Thai tax.

The UK HMRC website facilitates you to download a document detailing tax paid IN 2024.

In the meantime you may wish to spend time understanding this HMRC website such that in Jan. 2025 this tax paid information  document can be downloaded. You will need your unique NATIONAL   INSURANCE NUMBER.

Good luck

 

[helloagain]

On 12/18/2024 at 11:51 AM, Benjamin1975 said:

I have read and re-read. I have seen video after video and still I don't understand anything. At the moment I am in Thailand to look for a house to rent for February, because I will be moving permanently between the end of January and the beginning of February. My question is about the new taxes rules: once I am here in Thailand, I will have an amount equal to 150,000 thb every month transferred to my Thai account. It is an amount deriving from the rent of my house and my shop. Do I have to fill out the tax form on this amount or am I exempt? Here in Thailand I will not work and I will not have any income other than that from abroad. Thank you.

Go to a tax office. They speak English and are friendly. If you will live here on a pension either gov or company you will not pay tax here cos there is an agreement between uk and Thailand, but you can be asked to go see them so keep all your paper work to prove. There is no other tax at the moment for us to pay cos it's not official. If I say red somebody eles says blue. Go talk with tax office. Please look integrity legal Thailand utube, he is great and straight talking. As he say many post even from newspapers here make it sound it's all in place now, no it's not. Look seriously, only listen to him and the tax office, not face book or anywhere else.