I am an Australia we have a double tax treaty with Thailand , clause 19 says pensions won’t be subject to tax, does this include government pension but also private pensions (that the retiree funded themselves during their working life , we call it superannuation ). Also our private pensions are tax free from 60 years old if you are fully retired which means we pay not tax on earnings such as interest and capital gains tax (CGT). As such clause 19 read also with clause 20 is a bit confusing.
So I am assuming if I have a regular pension payment to my Australian bank and then send over my monthly pension amount to a Thai bank is this income taxable by Thailand or it’s not considered income ?
My probability assessment based on
i) a change in the law may be required
ii) the fact that the vast majority of foreigners remaining in the country for over 180 days would own no further tax
iii) no tangible benefit for the civil servants administering the system
iv) a huge administration headache for the civil servants administering the system
v) a very long history of non-cooperation / non-interference between different departments of the Thai civil service
vi) The departments involved currently lack the basic data over who to assess (the residents and non-residents) and what to assess (the foreign-derived income and the amount remitted.
That is my take. It ain't gonna happen any time soon.
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