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

[chiang mai]

4 minutes ago, Neeranam said:

Everyone is going to say that! 

But not everyone will be able to prove it!

[chiang mai]

1 minute ago, Neeranam said:

BTW, if you file your taxes in May, it's much quieter and you only pay 200 baht fine, well worth it, IMHO, if you don't know how to do it online. 

A useful and helpful comment, for once!

[Liquorice]

5 minutes ago, Neeranam said:

This is what I don't believe. I've never seen anything in the Thai language media about this guy telling foreign tax residents, who are not working in Thailand, that they must submit tax returns. Prove me wrong. 

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.

[chiang mai]

5 minutes ago, Liquorice said:

 

After applying allowances relevant to my circumstances, then the first 150,000 as 0% tax rated, I'm left with a tax liability of approx 7,500 BHT.

 

However, in your calculations, you appear to be omitting 'tax credits' (further deductibles.)

Any tax you've already paid on those pensions in your home Country can be applied as a 'tax credit' to further reduce your tax liability.

When I apply tax already deducted to my Thai tax liability, then no tax is due.

 

 

Now I understand better. If you're prepared to invoke the DTA, with all that might entail, great. Not the easiest or simplest thing to do I suspect but definitely valid.

[chiang mai]

Just now, 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.

Not correct, the rule change applies to all tax residents, Thai and foriegn.

[anchadian]

1 hour ago, Celsius said:

 

Yes. What I want to know is this. Are any Russian and Chinese news outlets reporting on this? After all they do represent the majority of long term visitors in Thailand. 

 

The usual Thai bootlickers could point me to at least 1 article or even a forum discussion.

 

Thanks in advance 🥰

And yes all those Russian, Chinese and others will have a choice of either completing PND.90/91 forms in the English or Thai language.

[chiang mai]

Just now, anchadian said:

And yes all those Russian, Chinese and others will have a choice of either completing PND.90/91 forms in the English or Thai language.

Or like anyone else, the option to use a Thai Tax Agent who can understand the relevant languages or use an interpreter.......just like all the non Thai speaking farangs..

[Liquorice]

5 minutes ago, chiang mai said:

Not correct, the rule change applies to all tax residents, Thai and foriegn.

Only if they are remitting foreign incomes.

 

75-80% of Thais don't pay tax.
My wife has run her own business for over 30 years.

No TIN and never paid revenue income tax.

The simple reason being almost all transaction are cash and no proof of any income.

[Neeranam]

10 minutes 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.

Anything in the Royal Gazette, where any new laws must be publicized. 

[Liquorice]

1 minute ago, Neeranam said:

Anything in the Royal Gazette, where any new laws must be publicized. 

The new tax rule was published in the Royal Gazzette in late 2023 (November?), effective from 1st Jan 2024.

[The Cyclist]

4 minutes ago, anchadian said:

And yes all those Russian, Chinese and others will have a choice of either completing PND.90/91 forms in the English or Thai language.

 

Can you remember back when the RD said that they were going to update the PND 90/91 to include expat tax residents ?
 

What if they dont, and just introduce a brand new, shiny PND92, specifically for non working, tax resident expats. Which would probably be easier 😀😀

 

And perhaps you should have a read of this, its only 67 pages, not counting the embedded external links.

 

https://www.rd.go.th/fileadmin/user_upload/FATCA_File/crs/Thailand_CRS_Guidance_280823.pdf

[chiang mai]

2 minutes ago, Liquorice said:

Only if they are remitting foreign incomes.

 

75-80% of Thais don't pay tax.
My wife has run her own business for over 30 years.

No TIN and never paid revenue income tax.

The simple reason being almost all transaction are cash and no proof of any income.

Great for you guys, I hope your run of luck at evading tax continues, for your sake. Others however chose to play by the rules and obey the law.

 

"75%-80% of Thai's don't pay tax".

 

At least 50% don't earn enough to pay tax or even file a return. 

 

 

[Liquorice]

6 minutes ago, chiang mai said:

Or like anyone else, the option to use a Thai Tax Agent who can understand the relevant languages or use an interpreter.......just like all the non Thai speaking farangs..

According to my local revenue department, supporting documents, not in English or Thai, must be translated.

[chiang mai]

4 minutes ago, Neeranam said:

Anything in the Royal Gazette, where any new laws must be publicized. 

You have been told before that POR 161 is not a new law, it is a reinterpretation of an existing internal procedure, no more no less, it doesn't need to be published in the Gazette..

[chiang mai]

Just now, Liquorice said:

According to my local revenue department, supporting documents, not in English or Thai, must be translated.

And?

[4myr]

An appeal to everyone, can we keep this thread to the OP, whether tax residents need to declare a tax return if remitted income sent is above the official threshold of 120k baht, irrespective whether they are assessable or not.

 

At rd.go.th there are no calls to file tax returns or 2024 forms in English yet.

In Thai there is a call to file tax returns: https://www.rd.go.th/fileadmin/user_upload/news/2568thai/news8_2568.pdf and the tax return forms have been published: https://www.rd.go.th/65971.html.

 

As far as I have read the google translated pnd 90/91 and its attachment forms, there is still no mentioning of non assessable or tax exempted income e.g. savings/income prior 2024, dta exemptions.

 

The exemptions mentioned in the 2024 forms are still scoped within the TEDA allowances of assessable income as described in https://rd.go.th/english/6045.html. 

 

So I'll wait and see for newer announcements of TRD to prove otherwise, before I'll commit to declare my non assessable income.

 

 

[chiang mai]

36 minutes ago, anrcaccount said:

 

Have you read any of the replies to your misguided views on CRS that provide the clearly sourced facts?

 

This has already been pointed out to you multiple times, but you seem unable to grasp it, and keep posting what is now, frankly, nonsense.

"What's sad here, is members who are sharing professional advice are being denigrated/dismissed, because it doesn't align with your opinions". 

 

Gosh, I wonder who said that!

 

[Liquorice]

8 minutes ago, chiang mai said:

"75%-80% of Thai's don't pay tax".

 

At least 50% don't earn enough to pay tax or even file a return. 

Slighty off topic, but you'd be surprised at the wealth of many Thais.

In our rural village, Thais are having new homes built, purchasing land to increase rice crop yields, new pickup trucks, purchasing cows and pigs, yet non-pay taxes because the transactions are always in cash.

[anrcaccount]

32 minutes ago, The Cyclist said:

 

Yes, and someone's opinion is not fact

 

Try reading the actual CRS documentation. You will find it on the RD website.

 

Which just might be construed as fact and not opinion.

 

 

 

 

Given I was the one who shared this link earlier in the thread ( and actually also many months ago in other threads) , yes, I did read it carefully. 

 

By the content on your posts on CRS, where you refer to remitted income and reporting of income to tax authorities, it is clear you haven't read it. 

[chiang mai]

Just now, Liquorice said:

Slighty off topic, but you'd be surprised at the wealth of many Thais.

In our rural village, Thais are having new homes built, purchasing land to increase rice crop yields, new pickup trucks, purchasing cows and pigs, yet non-pay taxes because the transactions are always in cash.

You're right, it's off topic, out of respect to the earlier poster, let's get back on track.

[anrcaccount]

3 minutes ago, chiang mai said:

41 minutes ago, anrcaccount said:

 

Have you read any of the replies to your misguided views on CRS that provide the clearly sourced facts?

 

This has already been pointed out to you multiple times, but you seem unable to grasp it, and keep posting what is now, frankly, nonsense.

"What's sad here, is members who are sharing professional advice are being denigrated/dismissed, because it doesn't align with your opinions". 

 

Gosh, I wonder who said that!

 

Me, but not sure where you're going with this, as the poster isn't sharing professional advice on the CRS regulations. 

[chiang mai]

Just now, anrcaccount said:

 

Me, but not sure where you're going with this, as the poster isn't sharing professional advice on the CRS regulations. 

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

[Liquorice]

14 minutes ago, chiang mai said:

And?

No need for a Thai tax agent or interpreter.

[chiang mai]

There's a lot of misinformation, disinformation and downright trolling in this thread, it's sad TBH and seriously unhelpful.

[The Cyclist]

12 minutes ago, anrcaccount said:

 

Given I was the one who shared this link earlier in the thread ( and actually also many months ago in other threads) , yes, I did read it carefully. 

 

By the content on your posts on CRS, where you refer to remitted income and reporting of income to tax authorities, it is clear you haven't read it. 

 

Right, so you completely understand the part on KYC and the relevant parts on tax evasion and tax compliance

 

Which pertains to, funnily enough, remtted incomes.

[Neeranam]

22 minutes ago, Liquorice said:

Slighty off topic, but you'd be surprised at the wealth of many Thais.

In our rural village, Thais are having new homes built, purchasing land to increase rice crop yields, new pickup trucks, purchasing cows and pigs, yet non-pay taxes because the transactions are always in cash.

Most Thais I know are good at avoiding tax, for example putting names of businesses in senior police's names. Maybe this is evasion rather than avoidance. Most give charitable donations, which are questionable. 

[Neeranam]

46 minutes ago, chiang mai said:

You have been told before that POR 161 is not a new law, it is a reinterpretation of an existing internal procedure, no more no less, it doesn't need to be published in the Gazette..

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.

[DualSportBiker]

On 1/4/2025 at 12:38 PM, topt said:

From reading the linked article I cannot see anywhere where new TRD DG actually mentions "foreigners" at all.........

 

It appears it was just a general statement about tax residents filing which the publication neatly segued into potential Thai expat requirements and it's own take on the subject. 

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.

[Will B Good]

2 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.

 

So I just send it to my wife's account? Does that achieve anything?

[DualSportBiker]

Just now, Will B Good said:

 

So I just send it to my wife's account? Does that achieve anything?

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