Revenue Department boss calls on tax residents in Thailand to file 2024 returns by March 31

[Will B Good]

2 minutes ago, DualSportBiker said:

Yes. You are allowed to send up to 20,000,000 Baht per year to your spouse without paying tax on it.

 

Does she need to keep that in her account or can she transfer it, once received from abroad, to my account?

 

Oh is there a fly in the ointment?.....the 400k I need for visa extensions will still have to go direct to my account....yes?

 

Thanks.

[DualSportBiker]

22 hours ago, StayinThailand2much said:

 

Asking me? I'm not currently in Thailand, and not planning to stay more than 180 days/year for now...

Just FYI, the 180 days and the earning of funds are tied together. If you earn money in a year you are not here for 180 days, then the following year you can be here for 180+ and remit the funds tax-free. That is my understanding from various workshops I have attended in the last several months. Please confirm with an accountant, but I would bet a round Guinness that I remember it correctly.

[Neeranam]

5 minutes ago, DualSportBiker said:

Yes. You are allowed to send up to 20,000,000 Baht per year to your spouse without paying tax on it.

I can also gift each of my children 20 million baht tax free, if they use it for educational/religious purposes, which they do.

[TheAppletons]

16 minutes ago, DualSportBiker said:

TRD does not care about the passport one carries, hence no mention. The rules have changed so that all adults in Thailand for 180 days or more per calendar year are required to file their tax statements. For foreigners who are sent, or send themselves money, those monies are taxable.

 

  False.  

[DualSportBiker]

4 minutes ago, Will B Good said:

 

Does she need to keep that in her account or can she transfer it, once received from abroad, to my account?

 

Oh is there a fly in the ointment?.....the 400k I need for visa extensions will still have to go direct to my account....yes?

 

Thanks.

I am not an accountant... However, I would urge caution with the transfer from her to you. That can easily be construed by TRD as income. The 400K can come from anywhere, but again is likely to be taxable. Best leave it there all year to avoid its taxation.

[DualSportBiker]

2 minutes ago, TheAppletons said:

 

  False.  

So what it true?

[Jonathan Swift]

For what it's worth, I confirmed that immigration will not get involved in requiring a tax return for each visa extension. I also consulted with a local tax professional and was told that persons with exempt income such as US Social Security don't have to file. 

[TheAppletons]

  

4 minutes ago, Jonathan Swift said:

For what it's worth, I confirmed that immigration will not get involved in requiring a tax return for each visa extension. I also consulted with a local tax professional and was told that persons with exempt income such as US Social Security don't have to file. 

 

  But, but, but......CRS, tax evasion, FATCA....but, but, but.....declarable.....but, but, but....

 

  (Thank you.)

 

  

[stoicccc]

2 hours ago, Neeranam said:

The majority these days are remitting using cryptocurrencies, and transferring into Thai bank accounts using P2P. 

I know some who buy gold using their foreign credit cards. There are other ways. 

is this somehow non-assessable income? this is exactly how i get baht in thailand

[The Cyclist]

8 minutes ago, Jonathan Swift said:

For what it's worth, I confirmed that immigration will not get involved in requiring a tax return for each visa extension

 

I have never seen this mentioned or discussed outside the pages of AN.

 

9 minutes ago, Jonathan Swift said:

I also consulted with a local tax professional and was told that persons with exempt income such as US Social Security don't have to file. 

 

Which is also the information that can be read on the pages of tax professional websites. It is also the information that is being given out by more than 1 tax professional consultancy.

 

But flies directly in the face of the information I was given on Monday from an RD Office.

 

Hopefully we will.get a definitive answer when forms get published on the RD website.

[Neeranam]

13 minutes ago, stoicccc said:

is this somehow non-assessable income?

Good question and I'm no expert. Selling gold at a profit comes under Capital Gains tax. Some shops have asked for my Thai ID card recently so they know the price I sell and buy. I buy with a crypto.com debit card, where I get 3% 'cashback' and pay the gold shop 3% commission. I've asked but wasn't told if gold shops have any responsibility to report large gains to the RD.

Regarding crypro, it's a grey area - last October, the Thai Revenue Department exempted the collection of a 15% withholding tax on cryptocurrency transactions. My crypto comes under 'savings' if asked. It's actually illegal to use crypto for buying things in Thailand but I exchange my Bitcoin for GBP immediately before the transaction. It's complicated, in my understanding, if I transfer crypto to an Exchange in Thailand, gains are not taxable, however if I sell abroad for FIAT and transsfer money to Thailand, gains are taxable. 

[Neeranam]

6 minutes ago, The Cyclist said:

Which is also the information that can be read on the pages of tax professional websites. It is also the information that is being given out by more than 1 tax professional consultancy.

They only have their own business interests in mind. 

[Jonathan Swift]

On 1/4/2025 at 12:14 PM, Jingthing said:

My current understanding which may of course be wrong is that Thailand has a self declaration system and income like that is not needed to be declared at all.

In other words, if all of your remitted income was from Social Security and bank savings before 2024, there would be no need to get a TIN and no need to file. 

Of course if they see your transfers and audit you need to be prepared at that time to prove you were correct not have a TIN or file.

A Thai tax expert told me that exempt income need not be declared and no return needs to be filed

[JimGant]

50 minutes ago, The Cyclist said:

Which pertains to, funnily enough, remtted incomes.

When Thailand switches to worldwide income taxation, and the remittance nature of income goes bye bye -- what in the world will change in the way Thailand reports CRS and FATCA related data? Nothing, 'cause what they're reporting are existing financial accounts and their related annual income. That these accounts were established and nourished with remitted funds (income or otherwise), makes no never mind -- they may have been established from sale money from a house, gambling proceeds, whatever. The remittance aspect just never comes into view.

 

1 hour ago, chiang mai said:

You have no idea the extent of professional input the poster has received previously that has allowed him to form a view.

 I guess he just couldn't process it properly.

[Jonathan Swift]

8 minutes ago, The Cyclist said:

 

I have never seen this mentioned or discussed outside the pages of AN.

 

 

Which is also the information that can be read on the pages of tax professional websites. It is also the information that is being given out by more than 1 tax professional consultancy.

 

But flies directly in the face of the information I was given on Monday from an RD Office.

 

Hopefully we will.get a definitive answer when forms get published on the RD website.

As far as I'm concerned what I was told came from reliable and knowledgable experts who have stayed on top of this and have confirmed their information directly. 

[The Cyclist]

3 minutes ago, Neeranam said:

They only have their own business interests in mind. 

 

Sure, i dont think that is in dispute.

[Will B Good]

3 minutes ago, Neeranam said:

Good question and I'm no expert. Selling gold at a profit comes under Capital Gains tax. Some shops have asked for my Thai ID card recently so they know the price I sell and buy. I buy with a crypto.com debit card, where I get 3% 'cashback' and pay the gold shop 3% commission. I've asked but wasn't told if gold shops have any responsibility to report large gains to the RD.

Regarding crypro, it's a grey area - last October, the Thai Revenue Department exempted the collection of a 15% withholding tax on cryptocurrency transactions. My crypto comes under 'savings' if asked. It's actually illegal to use crypto for buying things in Thailand but I exchange my Bitcoin for GBP immediately before the transaction. It's complicated, in my understanding, if I transfer crypto to an Exchange in Thailand, gains are not taxable, however if I sell abroad for FIAT and transsfer money to Thailand, gains are taxable. 

 

Just out of interest....did they even look at your ID and, if so, did they make a copy or a record of your transaction and record it against your ID?

[The Cyclist]

1 minute ago, JimGant said:

When Thailand switches to worldwide income taxation,

 

When is that going to happen ?
 

Any idea of a timeframe ?

 

I'll worry about Thailand taxing worldwide income when they announce a start date.

[JimGant]

2 minutes ago, Jonathan Swift said:

As far as I'm concerned what I was told came from reliable and knowledgable experts who have stayed on top of this and have confirmed their information directly. 

   .... and not from some bumpkin in a dusty roadside RD office.

[Neeranam]

2 minutes ago, Will B Good said:

 

Just out of interest....did they even look at your ID and, if so, did they make a copy or a record of your transaction and record it against your ID?

Not sure if they copied it but last 2 took it away and put details into a computer. 

[Jonathan Swift]

On 1/4/2025 at 12:15 PM, ukrules said:

 

That's nonsense of course, complete and utter nonsense

Confirmed by numerous credible experts that it is true and definitely not nonsense, but do as you will as far as your taxes are concerned. You should refrain from posting false information simply based on your interpretation. 

[The Cyclist]

3 minutes ago, Jonathan Swift said:

As far as I'm concerned what I was told came from reliable and knowledgable experts who have stayed on top of this and have confirmed their information directly. 

 

I'm not disputing you, the tax guy you spoke to or the tax guys that I have spoken to, or the information that I have read with my own eyes.

 

At the end of the day ( hopefully soon ) it is what the RD says, goes.

[JimGant]

1 minute ago, The Cyclist said:

I'll worry about Thailand taxing worldwide income when they announce a start date.

 Geez, are you daft? Can't your grasp the gist of what I said? When Thailand exits the weird world of remitted income taxation, their CRS (and FATCA) reporting will in no way be affected -- 'cause the remittance aspect never affected these reporting standards.

[Will B Good]

11 minutes ago, Neeranam said:

Not sure if they copied it but last 2 took it away and put details into a computer. 

 

If you only had a passport where does that lead?.......

 

They record your passport details so if capitals gains tax is due they could track you down.

 

If you buy and sell but are not resident for the 180 days plus....... are any gains tax free.

 

Sorry.....no need to respond, unless you wish.....I'm just thinking out loud.

[The Cyclist]

Just now, JimGant said:

Geez, are you daft?

 

If I was a retiree Resident Alien of the good ol USofA. Would I have to file a tax return and include my worldwide income ? That is a rhetorical question, no need to answer.

 

The question for you is. Why are you so vexxed about Thailand possibly doing the same thing ?
 

Do you need to take the fifth on that ?

 

[Neeranam]

6 minutes ago, Will B Good said:

If you only had a passport where does that lead?.......

 

They record your passport details so if capitals gains tax is due they could track you down.

I suspect it is more to do with tracking stolen goods, of which none of my gold is/was!

[Jonathan Swift]

54 minutes ago, Will B Good said:

 

Does she need to keep that in her account or can she transfer it, once received from abroad, to my account?

 

Oh is there a fly in the ointment?.....the 400k I need for visa extensions will still have to go direct to my account....yes?

 

Thanks.

 

[chiang mai]

1 hour ago, Neeranam said:

My point was that Pinsai Suraswadi never actually said what the thaiexaminer implied he said; there is nothing in the Thai media about this that I can find. it is scaremongering for clicks and illegal agents to get money off scared, naive pensioners. 

 

The only thjing I can find by this guy is what I've said before, it is not targetting foreigners with a small pension.

 

 

the draft of the Additional Tax Act B.E. 2567 to the Cabinet, which approved the draft of the said Act on December 11, B.E. 2567. Now, the Additional Tax Act B.E. 2567 has been published in the Government Gazette. It will be effective for large Multinational Enterprises (MNEs) with revenue of not less than 750 million Euros for accounting periods starting on or after January 1, 2568 onwards.

 

In which case, he should sue, don't you think!!!

 

"The Director-General of the Revenue Department on Thursday called on taxpayers to file their end-of-year returns for 2024. This will be the first year that all foreign residents in Thailand are included".

 

https://www.thaiexaminer.com/thai-news-foreigners/2025/01/03/revenue-department-boss-calls-on-tax-residents-in-thailand-to-file-2024-runs-by-the-march-31st-deadline/

[samtam]

On 1/4/2025 at 2:40 PM, oldcpu said:

 

The article mentions the electronic forms P.N.D. 90 and Form P.N.D. 91 and states they can be submitted online.  However I believe that is only possible 'online' if one already has a Thailand Tax ID Number (TIN). (And if someone knows better, please correct me on that).

 

I suspect if one does not yet have a Thai TIN and one wishes to submit, then the one could fill in the forms (minus the Thai TIN), print them out, and take them to one's local Thai RD.   .... ( and then 'maybe' sit for an hour or more while they try to figure out what to do with a tax submission from someone who has no Thai TIN).

 

However I type the above noting tax year 2024 P.N.D. 90 and Form P.N.D. 91 forms are not as of yet (as of me typing this) on the Thai Revenue Department web site, so I make this post from how I understand the year-2023 tax forms to work (which require a Thai TIN, I believe).

 

Again - I am not 100% certain on this - but that is my understanding (that a Thai TIN is needed).

 

On 1/4/2025 at 8:55 PM, NoDisplayName said:

We just filed our taxes online, using the Thai forms.  Took just under half an hour, as taking notes. 

 

All my remittances were prior 2024 savings, so not declared.  Listing only Thai sourced interest and dividends, and requesting a refund of tax withheld.

 

Logged in with pink ID number, selected file form 90.

 

Page one opened pre-filled with my identifying information.  I clicked on "2567 married" from the drop-down menu.  Spouse's info loaded, and we selected "no salary."

 

Page two scroll down to the interest/dividends section.  Entered total interest earned, total tax withheld and bank's payer ID number.  Then entered total dividends, total tax withheld and brokerage's payer ID number.  No need to enter bank name or address.

 

Page three showed 60K for self and 60K for wife.  Did not bother with other allowances (wife's social insurance contribution and health insurance premiums) as not needed.

 

Page four is a summary of entered information and calculated totals.  This was all correct, so we checked the box "I want a refund."

 

Page five is the final version of the return.  Click the button to submit.

 

Page six is confirmation page, can print copy of return and TRD receipt.

 

Same as last year, there was no request to upload a bank statement or dividend receipts.  Assume TRD has access to current year databases.  Expect a refund letter in a couple weeks that I can take to Krung Thai to deposit.  My local Bangkok Bank can/will not link my accounts to my pink ID, so no PromptPay available for me.

 

In summary, "Super easy, barely an inconvenience!"

 

On 1/4/2025 at 9:24 PM, oldcpu said:

 

I suspect your pink ID # has already been activated as a Thai TIN. 

 

When my and I tried that over a month ago, the pink ID # was rejected.  When later (in a phone call) my wife asked a Phuket RD official why the pink-ID # was rejected, he stated because mine was not yet activated as a Thai TIN.

 

Glad to read you had some success.

 

On 1/4/2025 at 9:30 PM, NoDisplayName said:

 

Yes, I had a TIN from 2017 and pink ID from last year.  Online system did not recognize either.  Went to local/district TRD, they told us to use pink ID number to file tax returns.  TIN was cancelled, and they called the provincial office to have pinkie activated for online use.

 

@oldcpu This is my case. I do not have a TIN. My Thai "agent" who has been chatting to my local RD office in Sathorn, said they will assign a TIN on the spot when we go to file the tax return, (which will be a null return, as it's below TEDA).

@NoDisplayName You answered my question in the third response; I have never previously filed a tax return, and do not have a TIN, so need to apply before I can file, and I am informed my pink ID will not be the number used. Initially the filing will be in person, as agreed with the agent at Sathorn RD.

 

However, having established this all in November and December, and that Sathorn RD would be setting up an "Expat Desk" to deal exclusively in English with expats wanting to file, and wishing to now proceed to do this asap, the inquiry about whether we could go next week was met with the response, "no", our Expat Desk and RD officers are not yet ready to handle these". Soooo, after the announcement of the original RD change of interpretation, (12+ months ago), and the several calls by my "agent" within the last 2 months to my local RD office, and being fully prepared with documentary evidence proving income from abroad, (unrequired at present), I am ready to file the asked for null return. 

 

RD Sathorn however, is not yet ready to deal with such an undertaking. Well, I guess it's only 9 days since the filing is permissible, and I suppose it should be up and running by the deadline of 31 March 2025. But who knows? 

 

An up-roostering was anticipated, and so far does not disappoint. Would be happy to hear of others success or otherwise of trying to go to Sathorn RD, to file in person.

[NoDisplayName]

2 hours ago, Liquorice said:

Why would it be published in a Thai language media website.
The rule change only applies to foreigners remitting incomes, so the news is typically only published in English language media websites.

 

More than 299 billion baht has been remitted back home over the past two years by some 113,186 Thais working overseas, the Labour Ministry said recently.

https://www.nationthailand.com/thailand/general/40026706

 

That's a lotta billions, and a lot of that will all of a sudden become assessable.