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

[InlandSea]

Maybe this is a bit off topic, but last year I did the less than 180 days in Thailand so that I wouldn't have to figure this all out. I planned to do the same this year, but now that I'm looking at it I just can't do it. Going from Malaysia to the Philippines to Vietnam last year was interesting but it was also tiring. I really couldn't maintain a long term relationship and it wasn't that great for my physical health either. American banking kyc requires a permanent residence somewhere and as I don't have anything back in the States for that, the Airbnb/hotel route opened up a risk if I'd been found out. It also upended what to that point was my otherwise smooth transition into living here by dropping everything to hop on a plane and leave for 6 months.

 

So, anyway, this year I just decided to give that up for 2025. It sucks, but I'll deal with it if I have to. I've tried to structure investments at end of last year so that there are not much in the way of dividends or sales that will trigger capital gains. I already transferred my retirement visa deposit plus extra last year as a <180 day non-resident. Just putting this out there as one guy's perspective and to see if others are coming to a similar conclusion.

[NoDisplayName]

2 minutes ago, The Cyclist said:

Do you think that the updated thai tax return could have something similar, or is that ' unpossible ' ?

 

We're two weeks into tax filing season.

Thousands have already filed.

So..............uhmmm.........what updated forms?

 

Regardless, requiring declaration of all remittances will be more than just a shift in interpretation.  Legislation will be needed.

[The Cyclist]

1 minute ago, NoDisplayName said:

We're two weeks into tax filing season.

Thousands have already filed.

So..............uhmmm.........what updated forms?

 

The ones that the TRD said would be forthcoming and the ones I just said have probably not been posted yet as the I's are still being dotted and the T's being crossed.

 

2 minutes ago, NoDisplayName said:

Regardless, requiring declaration of all remittances will be more than just a shift in interpretation.  Legislation will be needed.

 

Why would legislation be needed. Foreign tax residents can comply with whats on the tax forms or leave.

 

No legislation required.

[NoDisplayName]

1 minute ago, The Cyclist said:

Why would legislation be needed.

 

Legislation would be needed to require (foreign) tax-residents declare non-assessable exempt remittances, with a total redesign of tax forms.

 

The only change we've had for this year is the interpretation of how current year/prior year income is handled.  We don't need new forms for that.  The system is still self-determination by the tax-filer.

 

This is a major overhaul, not just a quick underpants snatch-n-grab.

 

7 minutes ago, The Cyclist said:

Foreign tax residents can comply with whats on the tax forms or leave.

 

I do comply with the law and forms as currently extant.  I declare all remitted foreign assessable income.

 

When they decide to tax global income, then I will no longer be willing to comply.  At that point I'll leave, or at least become legally NON resident.

[Will B Good]

2 hours ago, JAS21 said:

I gifted money from the UK  to MrsJ … She records on a spread sheet exactly what she spends it on … I now make her pay from that account for everything she consumes …her share of food, her golf, her cloths, her car insurance, presents she buys etc. etc It’s amazing how low my credit card bill is now. In fact if they want me to pay an annual fee next year I’ll cancel it.

 

And she can prove her spending as it’s noted on her banking App.

 

Just started doing the same...for other reasons.....but I can see the benfit of nailing everything down should the tax man come after me.

[The Cyclist]

5 minutes ago, NoDisplayName said:

Legislation would be needed to require (foreign) tax-residents declare non-assessable exempt remittances, with a total redesign of tax forms.

 

A redesign of tax forms - Yes.

 

Legislation - No

 

The reason this page has not been updated yet, awaiting the redesigned / updated forms

 

https://www.rd.go.th/english/65308.html

[NoDisplayName]

38 minutes ago, The Cyclist said:

The reason this page has not been updated yet, awaiting the redesigned / updated forms

 

15% of tax-filing season has already passed us by.

 

Those new forms aren't coming.  This is like waiting for daddy to return from going out for cigarettes............6 years ago.  Any day now, just wait.

 

No major redesign is coming this year.  At most, they'll give us an English version of the 2567 forms already available.  What they won't do is make major revisions to the English forms, but not the Thai forms.

[KhunHeineken]

After 35 pages of posts, just to refocus, the heading of the OP is this:  "Revenue Department boss calls on tax residents in Thailand to file 2024 returns by March 31." 

 

It's the boss of the revenue department telling you to file. 

 

We all know about "face" in Thailand. 

 

He might get nasty if foreigners don't do what he says. 

[NoDisplayName]

English tax forms available online:

https://www.rd.go.th/english/65308.html

 

Last updated: 17.12.2024

 

This is convenient.  Saves the expense of white-out.

Top line of the 2023 forms leaves the year blank.

Tax Year ........

[NoDisplayName]

1 hour ago, KhunHeineken said:

After 35 pages of posts, just to refocus, the heading of the OP is this:  "Revenue Department boss calls on tax residents in Thailand to file 2024 returns by March 31." 

 

It's the boss of the revenue department telling you to file. 

 

We all know about "face" in Thailand. 

 

He might get nasty if foreigners don't do what he says. 

 

The big guy never mentioned foreigners, that was added by the journalist.

 

He did (allegedly) say "New tax rules require filing electronically, with possible refunds for early submissions."

 

We know both of those to be incorrect.  Paper submissions are still possible, and refunds are not related to timing of submission.  I got three refunds for three years, all filed late.

 

According to the linked article "The Director-General of the Revenue Department on Thursday revealed that tax returns for 2024 can now be filed online. Mr. Pinsai Suraswadi, in particular, specified the annual return forms PND 90 and PND 91, which are due to be returned by March 31, 2025."

 

No 2024 English forms are available, so the big guy was definitively speaking to his domestic clientele, advising them to file.....IF they are required to.

 

[KhunHeineken]

7 minutes ago, NoDisplayName said:

The big guy never mentioned foreigners, that was added by the journalist.

Maybe the The Big Guy said to the journalist, "Can you add foreigners in there?" 

 

8 minutes ago, NoDisplayName said:

No 2024 English forms are available, so the big guy was definitively speaking to his domestic clientele, advising them to file.....IF they are required to.

I'm quite sure The Gig Guy was talking to ALL tax residents of Thailand, and doesn't care about the Thai / English forms, because that's farang's problem. 

 

He just wants the money that he said to his bosses he could deliver on, so as to ensure his position.  I'm sure he'll get it.