Tax files

[newbee2022]

8 hours ago, NoDisplayName said:

 

Read your DTA.  Each one is different.

 

It should specify all the pension types included - state, government, private, other.

No

[sqwakvfr]

I have a state pension and a monthly payment from an IRA distribution.  So at this point it seems like "clear as mud" to me. 

[Presnock]

15 hours ago, newbee2022 said:

Easier to go to the office. They are very friendly, speaking English if required and can explain. No lawyer involved.

Actually, I continue to wonder if any local TRD office knows all the details about the new tax interpretation.  If one goes to a local office and gives incorrect information, will the TRD itself allow one to not follow the new regulations?  IMHO none of local offices know all the details yet, let alone DTA details of 61 countries.

[newbee2022]

10 minutes ago, Presnock said:

Actually, I continue to wonder if any local TRD office knows all the details about the new tax interpretation.  If one goes to a local office and gives incorrect information, will the TRD itself allow one to not follow the new regulations?  IMHO none of local offices know all the details yet, let alone DTA details of 61 countries.

Your comment makes me wonder. Since it's not a new law, the officers are well informed. Not necessary to know all DTAs, but to know what is taxable. If you pay too much in Thailand (in your opinion) you'll apply for tax return 

[sqwakvfr]

I do see the end game for Foreigner Tax or Foreigner Income  Tax matters:  Tax Prepartion Agents for Thai Tax Residents.  I cannot imagine me sitting in front of  Thai Revenue Agent having an indept discussion about 1031 exchanges, distribtions from  Roth or  Traditional IRA's , taxable or tax exempt dividends and lasty short term or long term capital gains.  In the past these subjects came up in my tax returns and I have always used a CPA to file my tax returns.  Lately my income tax returns are less complicated but still require a CPA to file them.  

 

I wonder if a Visa Agent and a Expat Tax preparatiion agent can work out of the same office? Also, I wonder how much a Thai Tax return filed by an agent would cost?   Streamlined and efficient are rare in the Land of Smiles.  

[NoDisplayName]

4 hours ago, newbee2022 said:

No

 

Unclear.

 

No, your DTA doesn't specify.

 

     or

 

No, you won't read it.

[NoDisplayName]

2 hours ago, Presnock said:

Actually, I continue to wonder if any local TRD office knows all the details about the new tax interpretation.  If one goes to a local office and gives incorrect information, will the TRD itself allow one to not follow the new regulations?  IMHO none of local offices know all the details yet, let alone DTA details of 61 countries.

 

Would you expect them to know?

This is not the land of merit-based promotion.

 

One wonders how many nephews are placed in management positions in podunk offices, or perhaps how many simply buy the government job.

 

If that were the case, as is common knowledge with schools and police and military, who knows how someone happens to get positions of authority in other departments.

 

Now with changes filtering down from above, those that may not have any real understanding of the tax code, yet whose decisions are final and unquestioned by the underlings in their petty fiefdom..............are being questioned.  By foreigners!

[Presnock]

2 hours ago, newbee2022 said:

Your comment makes me wonder. Since it's not a new law, the officers are well informed. Not necessary to know all DTAs, but to know what is taxable. If you pay too much in Thailand (in your opinion) you'll apply for tax return 

That is what the TRD lawyer said that I listened to yesterday.  His final words were "get a tax ID, file your taxes your taxes and pay if due, or if you paid too much, the RD will give you a refund."

[Presnock]

2 hours ago, newbee2022 said:

Your comment makes me wonder. Since it's not a new law, the officers are well informed. Not necessary to know all DTAs, but to know what is taxable. If you pay too much in Thailand (in your opinion) you'll apply for tax return 

yes it is not a new lw but this new "interpretation" of that law is decades old so many trd employees may have not even been around since the change.

[newbee2022]

13 minutes ago, Presnock said:

yes it is not a new lw but this new "interpretation" of that law is decades old so many trd employees may have not even been around since the change.

Well, but the tax officers know. And that's what counts 

[newbee2022]

21 minutes ago, NoDisplayName said:

 

Would you expect them to know?

This is not the land of merit-based promotion.

 

One wonders how many nephews are placed in management positions in podunk offices, or perhaps how many simply buy the government job.

 

If that were the case, as is common knowledge with schools and police and military, who knows how someone happens to get positions of authority in other departments.

 

Now with changes filtering down from above, those that may not have any real understanding of the tax code, yet whose decisions are final and unquestioned by the underlings in their petty fiefdom..............are being questioned.  By foreigners!

Ah, we're on the Thai bashing road again? Laughable.🤗

[newbee2022]

30 minutes ago, NoDisplayName said:

 

Unclear.

 

No, your DTA doesn't specify.

 

     or

 

No, you won't read it.

In general I decided not to read every garbage, just scroll on works for me.

[jwest10]

On 1/20/2025 at 7:27 PM, newbee2022 said:

I went today to the tax office and collected attached forms.

It was interesting that the Lady was surprised to see me. Though I can understand it was about paying taxes.

The day before she explained that explicit "state" pensions are tax-free, but "private" pensions are taxable.

Chiang Mai.

No employment is it not form 90?

[newbee2022]

10 minutes ago, jwest10 said:

No employment is it not form 90?

No, and with employment it would be 91

[Presnock]

3 hours ago, newbee2022 said:

Well, but the tax officers know. And that's what counts 

Just as an aside on who knows what or not, I read today from one of the Thai ltax lawyers and advisors he interprets this new interpretation of the old law that ssavings or monies earned prior to 1 jan 2024 can be remitted tax free during the calendar year 2034 but after that any of those foreign funds are taxable whenever they are remitted after 31 Dec 2024.  I have read a lot of the interviews of the finance folks and like many do not mention expat as specific targets for worldwide taxation and added to the Thai tax program.  For example, read the Setta talk that program and he talks repeatedly about getting the foreigners added to the tax base in Thailand.  In another advisor, his company says that there is nothing on the plan to tax retirees which may also be true but...I am no expert by any means and see so many different ideas.

We all continue to guess at what will happen when maybe nothing will happen.

[Presnock]

5 hours ago, sqwakvfr said:

I do see the end game for Foreigner Tax or Foreigner Income  Tax matters:  Tax Prepartion Agents for Thai Tax Residents.  I cannot imagine me sitting in front of  Thai Revenue Agent having an indept discussion about 1031 exchanges, distribtions from  Roth or  Traditional IRA's , taxable or tax exempt dividends and lasty short term or long term capital gains.  In the past these subjects came up in my tax returns and I have always used a CPA to file my tax returns.  Lately my income tax returns are less complicated but still require a CPA to file them.  

 

I wonder if a Visa Agent and a Expat Tax preparatiion agent can work out of the same office? Also, I wonder how much a Thai Tax return filed by an agent would cost?   Streamlined and efficient are rare in the Land of Smiles.  

I am sure that they will have someone do an app on the tax forms and then interview the expat, depending on country of origin and DTA as part of the app - probably do like my US 1040  I just did yesterday - log in to the company I use each year - maybe half an hour if that much time to do my 1040, pay for it and print out a copy to get my couple of thousand refund - last year took two weeks only after the company forwarded it to the IRS.  The totat 1040 is 16 pages long and has a lot of questions but my financial situation isreally simple and since it costs me less than $30 to file it, it would take longer if I had to check everywhere necessary.  Anyway, locally I hope that they do come up with the final scheme and expats are all happy.

[Presnock]

On 1/22/2025 at 12:37 PM, digger70 said:

I get paid a Government pension in AUS same as all Age pensioners.

That's got Nothing to do with the Crown. 

so possibly a "State" pension versus a civil pension which is usually taxed only by the paying country and might be determined by the Thai side as an assessable income unless it is a written correctly in the DTA.

[mudcat]

Does anyone have a source link or a copy of the 1996 Thailand-U.S. tax convention in Thai?

[Smokin Joe]

16 minutes ago, mudcat said:

Does anyone have a source link or a copy of the 1996 Thailand-U.S. tax convention in Thai?

 

It is available more than one place but all Double Tax Agreements (DTA's) are available on the Thai Revenue Dept website

 

https://www.rd.go.th/fileadmin/download/nation/america_e.pdf

[mudcat]

1 minute ago, Smokin Joe said:

https://www.rd.go.th/fileadmin/download/nation/america_e.pdf

7 minutes ago, Smokin Joe said:

 

It is available more than one place but all Double Tax Agreements (DTA's) are available on the Thai Revenue Dept website

 

https://www.rd.go.th/fileadmin/download/nation/america_e.pdf

Alas, that link is the document in English.  Trying to avoid the deer in the headlights look from RD staff being presented with an Enlish documebt.

 

[Smokin Joe]

21 minutes ago, mudcat said:

 

Sorry. I missed the part where you specified Thai. I wasn't expecting that.

[TheAppletons]

16 minutes ago, Smokin Joe said:

Sorry. I missed the part where you specified Thai. I wasn't expecting that.

 

  What are you Smokin', Joe?  

[Smokin Joe]

1 hour ago, TheAppletons said:

 

  What are you Smokin', Joe?  

Only fine cigars. No wacky tobaccy.

[KhunHeineken]

On 1/22/2025 at 5:37 AM, digger70 said:

I get paid a Government pension in AUS same as all Age pensioners.

That's got Nothing to do with the Crown. 

Don't confuse a "Government Service Pension" with an old aged pension. 

 

The government service pension is covered by the DTA, the old aged pension is not.  

 

[Will B Good]

1 minute ago, KhunHeineken said:

Don't confuse a "Government Service Pension" with an old aged pension. 

 

The government service pension is covered by the DTA, the old aged pension is not.  

 

 

NOOOOO....don't start this again.....5555

[Guavaman]

2 hours ago, Smokin Joe said:

Does anyone have a source link or a copy of the 1996 Thailand-U.S. tax convention in Thai?

 

https://rd.go.th/fileadmin/download/nation/america_t.pdf

[Presnock]

13 hours ago, mudcat said:

Does anyone have a source link or a copy of the 1996 Thailand-U.S. tax convention in Thai?

should be a copy in the Revenue dept ..

[Presnock]

10 hours ago, Guavaman said:

 

https://rd.go.th/fileadmin/download/nation/america_t.pdf

also within the rd.go.th

https://www.rd.go.th/fileadmin/download/insight_pasi/DTA_Book.pdf

[digger70]

14 hours ago, KhunHeineken said:

Don't confuse a "Government Service Pension" with an old aged pension. 

 

The government service pension is covered by the DTA, the old aged pension is not.  

 

If one Paid tax on ones pension then it's covered by the DTA  no matter what the pension is.

[digger70]

18 hours ago, Presnock said:

so possibly a "State" pension versus a civil pension which is usually taxed only by the paying country and might be determined by the Thai side as an assessable income unless it is a written correctly in the DTA.

If one Paid tax on ones pension than it's covered by the DTA .If one didn't pay tax on ones pension it's classed as an Income and is  taxable in Thailand if one Brings the funds in Thailand.