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

[Sheryl]

5 minutes ago, norsurin said:

My friend moved to Thailand last year He get taxed about 28.000 baht.He said the next one would be 65.000 baht so he is now changing his visa to a extension visa.He was told to bring pictures of his family life in Thailand with him to immigration.He is married to a thai and they have a daughter together.

Visa or extension type, anc marriage to a Thsi, has absolutely  no effect on tax liability.

 

The only factors are whether here 180 days or more in a year and the amount of assessable income either  earned in or remitted to Thailand. 

 

 

[giddyup]

It seems like Australians are the only ones liable to pay tax on their aged pensions. Is this correct?

[4myr]

42 minutes ago, giddyup said:

It seems like Australians are the only ones liable to pay tax on their aged pensions. Is this correct?

 

This is not correct. According to the Dutch DTA, the old age pension [AOW] is not explicitly excluded to be taxable only in the Netherlands. I think that US citizens are lucky where social security has been explicitly excluded.

 

However this does not mean that your local tax office know how to interpret each tax agreement.

 

From online stories I read, some offices apply the rule that old age pensions from the Netherlands are treated similarly to the old age pension/allowance in Thailand [ Revenue code section 42, clause 25], which is exempt from Thai tax. The term in Thai is referred to as prakan sangkhom.   

[oldcpu]

On 4/4/2025 at 3:59 PM, redwood1 said:

 

Never heard of a overseas bank wanting a Thai TIN  or even giving a rats azz if you have one or not....

 

My experience is typically overseas trading companies want the Thai TIN if one is assessed to be a Thai tax resident.

 

I am a Thai tax resident.  The Canadian Bank of Montreal (BMO) froze my trading accounts with them until I could provide a Thai TIN (after which they required I close my accounts with them as I was no longer a Canadian tax resident).

 

Subsequently, two Canadian mutual fund/stock trading companies, that would allow me (as a Canadian citizen, but non-resident to Canada) requested a Thai TIN for me to open up an account with them.   I had previous applied for a Thai TIN in Thailand, and I was denied such as I was bringing no money into Thailand. I was thou told by the Thai RD official, then if and when i were to get a Thai TIN, it may be the same as my Pink-ID (which I have).  The official advised my Pink-ID was not yet activated as a Thai TIN.

 

So I provided the two Canadian trading companies my pink-ID # (in lieu of a tax ID) and in the comment field beside the foreign Tax-ID I typed that the Tax-ID was not yet active.  They accepted that.

[oldcpu]

Duplicate post

[oldcpu]

1 hour ago, giddyup said:

It seems like Australians are the only ones liable to pay tax on their aged pensions. Is this correct?

 

No. I believe former German residents are potentially required to pay Thai tax on any Germany sourced  'aged' pension (but I suspect NOT required to pay Thai tax if their German pension is a German government worker pension).

 

Those in receipt of ANY Canadian sourced pensions, are only required to pay tax on those pensions in Canada, and NOT in Thailand.

[topt]

9 hours ago, giddyup said:

It seems like Australians are the only ones liable to pay tax on their aged pensions. Is this correct?

In the overall scheme of things (bearing in mind individual circumstances) this is one of the most ridiculous statements I have seen on a tax thread - and this from someone with a highly elevated post count......(maybe try reading more....) 

[NoDisplayName]

9 hours ago, giddyup said:

It seems like Australians are the only ones liable to pay tax on their aged pensions. Is this correct?

 

I would assume anyone from any of the 138 countries with which Thailand does NOT have a DTA would be liable for pension money brought in, with no offsetting tax credit available.