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

[NoDisplayName]

6 minutes ago, The Cyclist said:

I believe it was actually the RD Official that actually entered it onto the computer. So if there is an error, that error was caused by the RD Official.

 

Never entered into the Thai system computer.

He deducted the foreign tax paid from his assessable remittance prior to declaring the assessable remittance.

 

As he was above the threshold for incoming assessable remittances, he had to file.  As the amount of assessable income was below his TEDA and the 0% tax bracket, he owed no tax.

 

Likely the TRD lady accepted his assessable income declaration amount, since it came out to the same result......and she wouldn't have to spend time correcting the error.

 

Or perhaps she knew something we also know.  There is no space on the tax return to deduct foreign tax paid as a direct credit against tax due.

 

Actually claiming that tax credit would  require manual intervention by the officer accepting the form.

 

Too much trouble.

 

12 minutes ago, The Cyclist said:

If he has already filed, how  can I be giving him advice ?

 

You are making claims, giving incorrect advice to posters that somehow know less about this than you.  Advice that can cost them.

 

In this case, instead of reducing his potential tax due by the full 39,000 baht foreign tax paid, he would only see a potential 2,000 baht savings by removing the tax paid from the remittance amount prior to declaring.

 

Something that, according to you, is illegal under CRS rules.

 

[The Cyclist]

1 minute ago, NoDisplayName said:

Never entered into the Thai system computer.

 

Ohhhh shut up and go back and check his original post.

 

Entered on computer and printed off a no tax to pay document.

 

3 minutes ago, NoDisplayName said:

ou are making claims, giving incorrect advice to posters that somehow know less about this than you.  Advice that can cost them.

 

 Go and report me or shut your piehole.

 

 

[anrcaccount]

49 minutes ago, The Cyclist said:

 

Are you somewhat challenged ?
 

I never mentioned anything about a tax credit being deducted from anywhere.

 

 

Mentalism at its finest

 

Posting a copy of the RD Credit Method. Is not giving anyone advice.

 

I said I believed he had done the right thing in filing. I made not a single comment on what he did to file, during the filing, or finishing his filing.

 

Now cease and desist with your absolute claptrap,sort your English comprehension skills out, or I will start reporting every post you make, when your comprehension skills are abysmal.

 

 

 

You're the guy that argued you need to list all your remitted income on a tax residency declaration form to a Thai bank. 

 

You then proceeded to be fixated on CRS as a bogeyman, that required every remitted transaction to be shared and declared.

 

Next, onto the next phantom fixation with declaring items that are clearly exempt, when multiple sources agree that there's no need to declare it, if it's exempt. 

 

Now, starting to talk about reporting posts for comprehension. 

 

We have someone so obstinate, they simply cannot accept when they're wildly inaccurate, despite being clearly shown many times.

 

 

 

 

[The Cyclist]

8 minutes ago, anrcaccount said:

You're the guy that argued you need to list all your remitted income on a tax residency declaration form to a Thai bank. 

 

Nope, I said this is how I would have filled in the form. That is not arguing.

 

If you cannot get that correct, no point in reading anymore of your comment.

 

Now I really got to ask myself, why you, gant, and a couple of others are so enthralled about what I do with tax filing ?
 

Are you all one and the same person ? You all appear to suffer from the same affliction, bad English comprehension skills.

 

Or are you scared that someone doing what they believe to be the correct thing, puts a target on your back ?
 

It must be something. They way you all cannot accept that someone can read something differently and take a different course of action, is not normal behaviour.

 

You're acting like a pack of soi dogs.

 

Not one of you is qualified to question my interpretation, and I will do what I believe to be the correct thing to stay sweet within Thai bureaucracy, even it turns to be not actually needed. No harm done. 

[NoDisplayName]

37 minutes ago, The Cyclist said:

Ohhhh shut up and go back and check his original post.

 

Entered on computer and printed off a no tax to pay document.

 

Go and report me or shut your piehole.

 

O'tay!  Let's!

 

The pensions concerned and aggregated are: UK Teachers Pension (deemed private pension scheme by HMRC) a Prudential Annuity (private scheme) and a small UK State Pension. HMRC add all these sources of income and then deduct UK tax accordingly. It is the UK Tax assessment for 2024/25 which I printed out to present to the TRD as evidence, and, until told otherwise, claimed as Tax Credit which I unilaterally deducted from my total remittances.

 

I declared the full total of two inward remittances on my spreadsheet, then deducted the Baht equivalent of UK PAYE tax deducted on my UK pensions (42.30 exchange rate).

 

And his response to my questions, he deducted tax paid from inward assessable remittances on HIS spreadsheet, then TRD lady used that number as the base for calculating tax.  She did not award him a tax credit.

 

Could you explain how the foreign tax deduction was claimed on the tax form?

It wasn't claimed on the form.

 

Was this just the tax official acknowledging that you paid some tax (yes) but not used in the calculations, (No. It was used as the base for calculation. I declared I had deducted it) or was it actually deducted at some point from your tax due? 

 

 

[NoDisplayName]

11 minutes ago, The Cyclist said:

Now I really got to ask myself, why you, gant, and a couple of others are so enthralled about what I do with tax filing ?

 

You haven't filed.

[The Cyclist]

6 minutes ago, NoDisplayName said:

The pensions concerned and aggregated are: UK Teachers Pension (deemed private pension scheme by HMRC) a Prudential Annuity (private scheme) and a small UK State Pension. HMRC add all these sources of income and then deduct UK tax accordingly. It is the UK Tax assessment for 2024/25 which I printed out to present to the TRD as evidence, and, until told otherwise, claimed as Tax Credit which I unilaterally deducted from my total remittances.

 

Well done you belter. That is not the original post.

 

The original post had, as I previously said, a comment on the printed out " No tax to Pay " sheet of paper.

 

Yes, your piehole is gaping

[NoDisplayName]

6 minutes ago, The Cyclist said:

 

Well done you belter. That is not the original post.

 

The original post had, as I previously said, a comment on the printed out " No tax to Pay " sheet of paper.

 

 

 

Oops!  You caught me!

 

I read ALL of his posts, and referenced the pertinent information.

 

Try it.

 

**EDIT**

 

So here's a quote from his original post:

 

my own Excel spreadsheet in English (with Google Translated Thai) showing MY calculations;

 

a print-out from Gov UK HMRC web-site of UK tax deducted from all UK pensions for Tax Year 2024-25

 

My spreadsheet declared the two large payments brought into Thailand (with dates) and, on my own initiative, unilaterally deducted Baht equivalent of UK Tax paid, about 39,000 Baht (proof above) showing new reduced total of inward remittances. Then deducted 100,000 Baht 'expenses' allowed against income. 

 

She worked entirely from my figures on my Excel Spreadsheet, put all the information into her computer, then entered all the numbers (which I didn't fully understand and omitted or pencilled-in) on my Form 90. 

 

She knew nothing of the Thai/UK DTA, but accepted my 'evidence above' along with my figure for claiming credit for tax already paid in UK.

 

Seems to be a lot you overlooked here.

[The Cyclist]

2 minutes ago, NoDisplayName said:

 

You haven't filed.

 

And why does that concern you ?
 

It must be something for you to follow me about like a little puppy that keeps pooping on the floor.