what money is taxed 2024 ?

[Carver2]

HI   Talked to Lamphun Revenue Dept. and also Chiang Mai Revenue Dept. When I asked about taxation of foreign income I was told that retirees don't pay tax only people that work in Thailand or have income from Thailand  have to pay income tax . Has anyone else received a similar response from the revenue dept. ?

[Jingthing]

So he didn't even ask you what were the specific sources of your outside Thailand income remitted to Thailand?

I'm sure others have heard such things but I would be skeptical because we know for a fact that some types of income remitted to Thailand definitely are taxable in Thailand.

But that's different than an office saying and following through on having no interest in ENFORCING that.

Kind of joking but I guess it would have been rude to ask him to give you a signed document to the effect of what he said.

[mogandave]

4 hours ago, Jingthing said:

So he didn't even ask you what were the specific sources of your outside Thailand income remitted to Thailand?

I'm sure others have heard such things but I would be skeptical because we know for a fact that some types of income remitted to Thailand definitely are taxable in Thailand.

But that's different than an office saying and following through on having no interest in ENFORCING that.

Kind of joking but I guess it would have been rude to ask him to give you a signed document to the effect of what he said.

“…we know for a fact that some types of income remitted to Thailand definitely are taxable in Thailand.”

 

Do you have ann example?

[Jingthing]

Not inclusive.

Dividends.

Capital gains on investments.

Rental income.

Pensions not excluded by DTAs (for example U.S. IRA accounts)

[anrcaccount]

14 hours ago, Jingthing said:

So he didn't even ask you what were the specific sources of your outside Thailand income remitted to Thailand?

I'm sure others have heard such things but I would be skeptical because we know for a fact that some types of income remitted to Thailand definitely are taxable in Thailand.

But that's different than an office saying and following through on having no interest in ENFORCING that.

Kind of joking but I guess it would have been rude to ask him to give you a signed document to the effect of what he said.

 

 

A theoretical policy "fact" that differs from the actual practice is really, no fact or policy.

 

Multiple members have reported now that the status quo remains - TRD isn't interested in taxing foreigners remitted income.

[CMBob]

Does anybody know about a local (Chiangmai only) accountant who would give advice about the new tax law, the need to file anything, actual application of a tax treaty (e.g., if a US citizen only brings in tax treat exempt income, does that trigger even the need to file a return?). 

 

I've reviewed the latest Thai income tax return posted via the Revenue Department and I can't see anything on that form that would apply to us expats (well, except for expats working and earning wages or other income here in Thailand).  

[jwest10]

17 hours ago, Carver2 said:

HI   Talked to Lamphun Revenue Dept. and also Chiang Mai Revenue Dept. When I asked about taxation of foreign income I was told that retirees don't pay tax only people that work in Thailand or have income from Thailand  have to pay income tax . Has anyone else received a similar response from the revenue dept. ?

Yes, been on the various sites and so many conflicting views and was asked that at my local Revenue office in Kanchanaburi and the same question and in any case told them of my personal circumstances and yes even allowing for the Income exemptions my other income is lower than that but have written records and P60s for the UK to 5th April 2024.
Not going to file at moment. 

[chang50]

There have been multiple such reports what a mess!

[jwest10]

1 minute ago, chang50 said:

There have been multiple such reports what a mess!

Yesm nearing 4K posts and it is a shambles.
Many hanging fire.

[TigerandDog]

17 hours ago, Carver2 said:

HI   Talked to Lamphun Revenue Dept. and also Chiang Mai Revenue Dept. When I asked about taxation of foreign income I was told that retirees don't pay tax only people that work in Thailand or have income from Thailand  have to pay income tax . Has anyone else received a similar response from the revenue dept. ?

Your comment, in a round about way, confirms somewhat my post Tuesday about my experience lodging my 2024 Thai tax return. It is relevant to the Australia/Thai DTA.

 

My provincial TRD (CM) confirmed verbally with my District TRD that Govt pensions, and in the case of aussies receiving the aged pension, that they are not assessable. Only private pensions are assessable. The TRD deems the aussie aged pension to be a social security payment, which it actually is, and their advice was that under Thai tax law social security payments are not assessable and therefore they are tax free.

TRD's in other provinces may interpret this differently, but even though I produced the figures for my aged pension, on the off chance I had to declare them, I was advised that it wasn't a requirement.

[kimothai]

12 hours ago, Jingthing said:

Not inclusive.

Dividends.

Capital gains on investments.

Rental income.

Pensions not excluded by DTAs (for example U.S. IRA accounts)

These are already taxed in America.

[jensmann]

Due to the DTA between Germany and Thailand my Pension is taxable in Thailand.

Udon Thani Revenue Office !!!

[Jingthing]

3 minutes ago, kimothai said:

These are already taxed in America.

Also taxed in Thailand so you get credits.

Roth IRAs are not taxed in the US but are taxed  in Thailand. 

[jwest10]

 

 

I know you not a vank but can not get hold of then scb code x1 what does that mean on a transaction

The SCB code "X1" on a transaction typically indicates a banking transfer that does not use a Transfer Deposit or Withdrawal Nobook. It doesn't necessarily mean it was an overseas transfer. If you need more specific details about the transaction, it might be best to contact your bank directly.

Is there anything else I can help you with?

bank

It sounds like you're looking for information about banks. Whether you need help understanding a transaction, finding the best bank for your needs, or learning about banking services, I'm here to assist. What specific information are you looking for?

yes a code x1 on scb bank in Thailand

The code "X1" on a transaction with Siam Commercial Bank (SCB) in Thailand typically indicates a banking transfer that does not use a Transfer Deposit or Withdrawal Nobook. It doesn't necessarily mean it was an overseas transfer. If you need more specific details about the transaction, it might be best to contact SCB directly.

Is there anything else I can assist you with?

thanks

You're welcome! If you have any other questions or need further assistance, feel free to ask. I'm here to help!

DTA agreements thailand and UK state pension is exempt and not talking of civil serice pension and no difference

The Double Taxation Agreement (DTA) between Thailand and the UK provides guidelines on how pensions are taxed to avoid double taxation. Here's a brief overview:

1. UK State Pension: Generally, the UK State Pension is not considered a government pension and is usually covered under the Pensions Article of the DTA. This means it is typically only taxable in the country of the recipient's residence, which would be Thailand if you are a tax resident there2.

2. Remittance Basis: Thailand operates on a remittance basis for foreign income. This means that foreign-sourced income, including pensions, is only taxable in Thailand if it is brought into the country during the year it is earned3.

3. Tax Credits: The DTA allows for tax credits to be claimed for taxes paid in the UK on pensions. However, pensions remitted to Thailand are still considered taxable in Thailand, subject to these tax credits.

If you have specific questions about your situation, it might be best to consult with a tax professional who can provide advice tailored to your circumstances.

Is there anything else you'd like to know?

 

Even id DWP credit ones Thai bank account each month and an x1 code whatever that means

If the UK Department for Work and Pensions (DWP) credits your Thai bank account directly each month, it simplifies things for you. The "X1" code on your Siam Commercial Bank (SCB) transaction typically indicates a banking transfer that does not use a Transfer Deposit or Withdrawal Nobook. This code does not necessarily mean it was an overseas transfer.

In terms of taxation, if your UK State Pension is paid directly into your Thai bank account, it is generally considered non-assessable income in Thailand and does not need to be declared on your Thai income tax form. This is because it is considered a "frozen" pension and is not accessible income in Thailand.

If you have any more questions or need further assistance, feel free to ask!

[Yellowtail]

How does the Thai government know where the funds you transfer into the country come from? 

[topt]

3 minutes ago, jwest10 said:

if your UK State Pension is paid directly into your Thai bank account, it is generally considered non-assessable income in Thailand and does not need to be declared on your Thai income tax form. This is because it is considered a "frozen" pension and is not accessible income in Thailand.

Where is your link to all the information you provided since it is not written by you......?

 

I have already replied to you on another thread that I believe your statement quoted above is factually incorrect - whether individual TRD offices decline to tax is another issue but under the DTA it is theoretically taxable. 

 

I strongly suggest you stop posting erroneous information compiled from ChatGTP or similar.......

[Celsius]

Another tool goes to revenue department to ask questions. Revenue departments confirms for the millionth time foreigners who don't work in Thailand don't have to pay tax.

 

If you really want to pay tax, just file a tax return and give them money. Leave the rest of us ALONE.

 

 

[BritManToo]

15 minutes ago, jwest10 said:

UK State Pension: Generally, the UK State Pension is not considered a government pension and is usually covered under the Pensions Article of the DTA. This means it is typically only taxable in the country of the recipient's residence, which would be Thailand if you are a tax resident there2.

Would point out the Thai government don't tax benefits. 

[Yellowtail]

5 minutes ago, Celsius said:

Another tool goes to revenue department to ask questions. Revenue departments confirms for the millionth time foreigners who don't work in Thailand don't have to pay tax.

 

If you really want to pay tax, just file a tax return and give them money. Leave the rest of us ALONE.

 

 

And the revenue department here is relentless. Anyone that thinks they are too lazy to collect taxes is delusional.

[jwest10]

18 minutes ago, Yellowtail said:

How does the Thai government know where the funds you transfer into the country come from? 

Not sure as there are codes and yes might ne from abroad but they would not know?

[jwest10]

5 minutes ago, Yellowtail said:

And the revenue department here is relentless. Anyone that thinks they are too lazy to collect taxes is delusional.

Really you know and maybe this year but with respect how many have known someone to be fined 3K for not filing and just asking?

[Lacessit]

18 hours ago, Jingthing said:

So he didn't even ask you what were the specific sources of your outside Thailand income remitted to Thailand?

I'm sure others have heard such things but I would be skeptical because we know for a fact that some types of income remitted to Thailand definitely are taxable in Thailand.

But that's different than an office saying and following through on having no interest in ENFORCING that.

Kind of joking but I guess it would have been rude to ask him to give you a signed document to the effect of what he said.

IIRC there's a saying about not looking a gift horse in the mouth.

[Jingthing]

13 minutes ago, Celsius said:

Another tool goes to revenue department to ask questions. Revenue departments confirms for the millionth time foreigners who don't work in Thailand don't have to pay tax.

 

If you really want to pay tax, just file a tax return and give them money. Leave the rest of us ALONE.

 

 

You can do that but it might bite you later if audited depending on the specific details of your case.

[Yellowtail]

1 minute ago, jwest10 said:

Really you know and maybe this year but with respect how many have known someone to be fined 3K for not filing and just asking?

I think nine. 

 

 

[anrcaccount]

52 minutes ago, jwest10 said:

54 minutes ago, chang50 said:

There have been multiple such reports what a mess!

Yesm nearing 4K posts and it is a shambles.
Many hanging fire.

 

It's only a "mess" and a "shambles" on this forum and others, where people due to reading the vast quantity of rubbish posted, start being fearful, and then trudge off down to the TRD, or into some predatory tax agencies office.

 

In the real world at the TRD, it's business as usual, status quo. Same as last year, and the year before, and the one before that......

 

 

 

 

[kimothai]

20 minutes ago, Jingthing said:

Also taxed in Thailand so you get credits.

Roth IRAs are not taxed in the US but are taxed  in Thailand. 

Since I file my taxes in the USA, I'm in the camp that says I don't pay Thailand anything because of the Double taxation treaty.  Until I get a certified letter from the Thai tax people telling me otherwise, I will assume that my tax obligations have been satisfied.  Time will tell how this whole tax hysteria works out.  

[Jingthing]

1 minute ago, Lacessit said:

IIRC there's a saying about not looking a gift horse in the mouth.

Sure but he was given misinformation.

[Airalee]

2 hours ago, CMBob said:

Does anybody know about a local (Chiangmai only) accountant who would give advice about the new tax law, the need to file anything, actual application of a tax treaty (e.g., if a US citizen only brings in tax treat exempt income, does that trigger even the need to file a return?). 

I’d prefer to hear the details laid out explicitly by the government rather than  an accountant who would most likely want to charge you a large chunk of money for his/her interpretation of the law that may or may not be correct.

 

 

[Yellowtail]

1 minute ago, Jingthing said:

You can do that but it might bite you later if audited depending on the specific details of your case.

Have you gotten a notice saying there has been a change and that you are now required to file? 

 

Do you not think it would be very easy to notify expats of the change? 

 

[Jingthing]

Just now, kimothai said:

Since I file my taxes in the USA, I'm in the camp that says I don't pay Thailand anything because of the Double taxation treaty.  Until I get a certified letter from the Thai tax people telling me otherwise, I will assume that my tax obligations have been satisfied.  Time will tell how this whole tax hysteria works out.  

You're misinformed. 

That is not what having a dta means.