Thai tax tangle: Expats warned of new rules on overseas income

[Card]

5 minutes ago, jesimps said:

Conflicting information again, which is the problem with this whole business. I've been advised by a lawyer that UK ex-government workers, exempted by the UK/Thailand DTA, are not required to file here.

Correct if you only transfer your government pension ( not same as state pension fir other readers as I am sure you know the difference already).

[PomPolo]

14 hours ago, snoop1130 said:

Hosted by Thomas Carden, director of American International Tax Advisers

 

14 hours ago, snoop1130 said:

Thai Revenue Department’s evolving guidelines

 

14 hours ago, snoop1130 said:

the advice is clear: obtain a tax identification number and file a return by March 2025

Another event to promote an accountancy firm and tell everyone what they already know, I bet the poor Pattaya xpats left the meeting scratching their heads and more confused than when they walked in, I would need a beer after that!

 

I think most xpats if they don't have a family here, and none will own property in any case will just hop on a plane should they come looking for back taxes.

 

Hello Philippines!

[Moonlover]

10 hours ago, MikeandDow said:

Totally agree, Its never been thought out properly, How are they going to implement this ,how are they going to enforce it, as for me i will just wait till they knock on the door !! never paid Tax for over 15yrs  not going to start now

I'm forever reading about the 'new rules' on this forum. The fact is, that as far as us retired expats are concerned, there are no 'new rules'. In theory we have always been liable to taxation, however it's clear that the TRD have, thus far respected the terms of our DTAs and left us to get on with our lives. Plus the bonus of having us bring lots of extra money into the economy and in many cases supporting families as well.

 

IMO This situation has not been created by TRD, it's come about by certain meddling amateur tax advisors on this forum (and we all know who they are) and greedy professional tax advisors looking to make a killing.

 

I do not believe it's a case of not been thought out properly. I don't think it was even contemplated in the first place. 

[Chivas]

14 hours ago, MikeandDow said:

They will have to be knocking on my door before i fill out any of there BS

 

 

Am in agreement  but the problem bearing in mind T.I.T that we may suddenly find a frozen Thai bank account one fine day

 

If they're going to enforce this and thats seem highly likely they'll find a way to make everyone comply

[bkk6060]

46 minutes ago, Skeptic7 said:

*KNOCK KNOCK*

"Who's there?" 

"Thai Tax Man" 

 

*KNOCK KNOCK...KNOCK KNOCK KNOCK...KNOCK KNOCK KNOCK KNOCK*

Could be.

A year from now you get a knock on your door.  You look thru the peep hole and see a smallish younger Thai man with glasses and a pen in his shirt pocket. He is holding some files.  You decide to open the door and he yells in your face: why didn't you file your Thai taxes!

[Card]

5 minutes ago, atpeace said:

Yawn and it is obvious you think you know much more than you actually do on this subject. 

 

Your above posts are hilariously void of anything other than the story you have made-up in your head on how "all" things regarding expat taxes in the future.  How can you not see this? Carry on - these threads are fun.

Si don't believe me then. I have taken tax advice from professionals but I am sure you have a sour attitude to that. Up to you.

[asean]

Duh! American international tax confusers. Wrong on credit card transactions too. Case of attempt at self promotion blowing up in your face 🤣 Nowhere in the new rules does it say the word “foreigners”.  Think really hard about this. Who were the TRD targeting? And work backwards from there. 

[PomPolo]

Already started making plans only gonna leave in my Thai bank account what I need to spend, cant pay back taxes with what I don't have, then if I get a bill or a frozen bank account bye bye Thailand.

[Thingamabob]

26 minutes ago, SportRider said:

Don't worry, the others will be given their chance to present also. 

If by 'others' you are referring to other tax advisers it seems to me they've been presenting non-stop for months past. 

[Card]

4 minutes ago, PomPolo said:

 

 

Another event to promote an accountancy firm and tell everyone what they already know, I bet the poor Pattaya xpats left the meeting scratching their heads and more confused than when they walked in, I would need a beer after that!

 

I think most xpats if they don't have a family here, and none will own property in any case will just hop on a plane should they come looking for back taxes.

 

Hello Philippines!

Haha. Phillipines is worse. They tax globally not just remitted funds!

[Card]

5 minutes ago, bkk6060 said:

Could be.

A year from now you get a knock on your door.  You look thru the peep hole and see a smallish younger Thai man with glasses and a pen in his shirt pocket. He is holding some files.  You decide to open the door and he yells in your face: why didn't you file your Thai taxes!

More likely nit extend your visa without clearance from the Thai tax authorities. It's simple fir them. Just need to take a tax filing return to immigration on renewal day like the bank letter. Then YOU will be scurrying to file a return. It will only come ti that probably soon when they introduce global taxation. That's the bombshell awaiting all.if us.

[Card]

7 minutes ago, PomPolo said:

Already started making plans only gonna leave in my Thai bank account what I need to spend, cant pay back taxes with what I don't have, then if I get a bill or a frozen bank account bye bye Thailand.

Don't forget the 800000!

[anrcaccount]

9 minutes ago, Card said:

15 minutes ago, atpeace said:

Yawn and it is obvious you think you know much more than you actually do on this subject. 

 

Your above posts are hilariously void of anything other than the story you have made-up in your head on how "all" things regarding expat taxes in the future.  How can you not see this? Carry on - these threads are fun.

Si don't believe me then. I have taken tax advice from professionals but I am sure you have a sour attitude to that. Up to you

 

Let's guess, did you take your advice from:

 

A) a slick presented, foreigner fronted 'expat' tax specialist that sprung up less than 18 months ago?

 

Or

 

B) did you take it from an established firm that has actually had experience filing Thai taxes , and dealing with the TRD, over many years?

 

 

 

 

[Jumbo1968]

Another expat company not legally allowed to practice in Thailand trying to drum up business by scaremongering people.

[PomPolo]

Just now, Card said:

More likely nit extend your visa without clearance from the Thai tax authorities. It's simple fir them. Just need to take a tax filing return to immigration on renewal day like the bank letter. Then YOU will be scurrying to file a return. It will only come ti that probably soon when they introduce global taxation. That's the bombshell awaiting all.if us.

Are you sure you are not a tax advisor 🙂
How are they going to enforce it?  Not extend your visa? There are a few friendly IO's around that will require some form of tax 😉 but cheaper and less administration/paperwork!
Other countries they send bailiffs to your house to seize property etc, how can they do that when foreigners don't own anything here? 🙂
I can't imagine the banks in a hurry to freeze or close peoples accounts down doesn't make much business or financial sense for them to do that!
Are they going to send foreigners to jail here for not paying taxes?  Can't see that happen either the jails would be full and would cause a bit of an international outcry and give Thailand a 'bad image'
Would also be against human rights in general to restrict your travel on the basis of any tax debts.

[mran66]

14 hours ago, sungod said:

 Money for Condos- Carden admitted such matters remain unclear, hope that clears it up.

 

I don't think the tax law has any mentions about how transferred funds are spent, so does not matter you buy condo or sex. What matters whether the send money is income or not. 

 

Wonder based on what Carden speculated condo funds might have some special treatment based on usage

 

[Card]

3 minutes ago, anrcaccount said:

 

Let's guess, did you take your advice from:

 

A) a slick presented, foreigner fronted 'expat' tax specialist that sprung up less than 18 months ago?

 

Or

 

B) did you take it from an established firm that has actually had experience filing Thai taxes , and dealing with the TRD, over many years?

 

 

 

 

B 

[Card]

Just now, mran66 said:

What matters whether the send money is income or not. 

And if those funds are taxable in thailand or not 

[PomPolo]

8 minutes ago, Card said:

Don't forget the 800000!

Hahaha - that will be withdrawn before they ever get near my bank account I doubt even Thailand would just take that out without giving you some kind of warning.
If I was a cynical man I would suspect that the government may want to get their hands on everyone's 800000!!!!!

[CharlesHolzhauer]

1 hour ago, Kerryd said:

So, if they do things "the normal way" they'd calculate your taxes like this.

This small spreadsheet to compute taxes provided by 'pauku1' is pretty nifty.
<https://aseannow.com/topic/1318120-revenue-department-contact-reports/#comment-18647010>

[Card]

3 minutes ago, PomPolo said:

How are they going to enforce it?  Not extend your visa?

Yes

[Srikcir]

4 hours ago, Bravoxray said:

the DTA says is not taxable in Thailand

I think Untrue.

Only untaxed In-Kind, that is Thai tax rate is equal or less than foreign tax rate. But when the Thai tax rate exceeds foreign tax rate  (ie., 25% vs. 20%), a Thai tax might apply to the differential. That should not violate the DTA.

[mran66]

19 minutes ago, Card said:

Haha. Phillipines is worse. They tax globally not just remitted funds!

 

When did Phils change to that? 

[NorthernRyland]

14 hours ago, soi3eddie said:

One, in particular, on YouTube is getting totally unhinged about this. 

 

[PomPolo]

1 minute ago, Card said:

Yes

Have you forgot we live in the land of smiles (bribes)!!!

[anrcaccount]

4 minutes ago, Card said:

7 minutes ago, anrcaccount said:

Let's guess, did you take your advice from:

 

A) a slick presented, foreigner fronted 'expat' tax specialist that sprung up less than 18 months ago?

 

Or

 

B) did you take it from an established firm that has actually had experience filing Thai taxes , and dealing with the TRD, over many years?

 

 

 

 

B 

 

OK, that's good, care to share which firm?

 

I guess then that some of the opinions you're posting on this thread, are your own and not based on their professional advice....................

[Card]

Just now, PomPolo said:

Have you forgot we live in the land of smiles (bribes)!!!

Oh dear. Depending on hopefully you can pay bribes to stay in thailand is not only unethical and unlawful it's also improbable in the long run. Grow up.

[atpeace]

5 minutes ago, anrcaccount said:

 

Let's guess, did you take your advice from:

 

A) a slick presented, foreigner fronted 'expat' tax specialist that sprung up less than 18 months ago?

 

Or

 

B) did you take it from an established firm that has actually had experience filing Thai taxes , and dealing with the TRD, over many years?

 

 

 

 

Not going to waste my time replying other than advising you to reread prior threads going back years with your same argument above and "no" real knowledge has been gained.   As I mentioned prior - carry on for the many AN members that find these threads hilarious.  

[PomPolo]

3 minutes ago, Card said:

Oh dear. Depending on hopefully you can pay bribes to stay in thailand is not only unethical and unlawful it's also improbable in the long run. Grow up.

 Oooooohhhh - definitely a tax adviser 🙂 I am just saying if its good enough for the politicians then who are we to judge?

[Card]

8 minutes ago, NorthernRyland said:

I saw this and he is correct in saying that unless you remit funds that are taxable in thailand then you don't need to both get a TIN or file a tax return. He does seem.unhinged, however!