"Foreighn Income" and your Thai Accountant.

[swissie]

Taxation of "foreighn-income" is all the rage here.

 

Why not hire a reputable Thai Accountant, specialising in taxes generally? If Problems arise, refer the Thai Tax Wizards to your Thai Accountant. Under the Motto: "If my Thai Accountant can't handle my Thai taxes, how could I"?

 

Example: I had my Visa-Stuff handled by a Thai Visa Agent. Once immigration discovered some "irregularity". I refered them to my Visa Agent. I never heard anything from immigration in this matter ever again.

 

I am absolutely sure, that such a constellation would also be applicable in connection with "foreighn income". Money well spent, especially if larger amounts are involved.

 

[topt]

Instead of an agent how about getting a new spellchecker - foreign spelling is wrong in the title and twice in the message....doesn't inspire any confidence in the poster if you were unaware of the poster before.........

 

2 hours ago, swissie said:

Example: I had my Visa-Stuff handled by a Thai Visa Agent. Once immigration discovered some "irregularity". I refered them to my Visa Agent. I never heard anything from immigration in this matter ever again.

If you do it yourself perhaps you never have these irregularities...........I would not know..........

[motdaeng]

8 hours ago, topt said:

Instead of an agent how about getting a new spellchecker - foreign spelling is wrong in the title and twice in the message....doesn't inspire any confidence in the poster if you were unaware of the poster before.........

 

are you the spelling police ...  

[Klonko]

16 hours ago, swissie said:

Taxation of "foreighn-income" is all the rage here.

 

Why not hire a reputable Thai Accountant, specialising in taxes generally? If Problems arise, refer the Thai Tax Wizards to your Thai Accountant. Under the Motto: "If my Thai Accountant can't handle my Thai taxes, how could I"?

 

Example: I had my Visa-Stuff handled by a Thai Visa Agent. Once immigration discovered some "irregularity". I refered them to my Visa Agent. I never heard anything from immigration in this matter ever again.

 

I am absolutely sure, that such a constellation would also be applicable in connection with "foreighn income". Money well spent, especially if larger amounts are involved.

 

This is a very good idea. The challenge is to find an accountant who is (1) familiar with your home country and respective DTA, (2) understands foreign language (possibly not English) documents, and  (3) has a good relationship with your local TRD office, which may be difficult to find if you do not reside in Bangkok.

[KhunHeineken]

4 hours ago, Klonko said:

(3) has a good relationship with your local TRD office

A "good relationship" can be bought here, and I don't mean for just 1 hour. 

[zepplin]

On 1/26/2025 at 1:57 PM, Klonko said:

This is a very good idea. The challenge is to find an accountant who is (1) familiar with your home country and respective DTA, (2) understands foreign language (possibly not English) documents, and  (3) has a good relationship with your local TRD office, which may be difficult to find if you do not reside in Bangkok.

That’s why the “plan” from the government will never ever work, way too much hassle involved, no way they have even 5% of the required fully qualified tax specialists who speak all the required languages and know when the remittance was actually earned overseas, make that 1%!!

[Klonko]

1 hour ago, zepplin said:

That’s why the “plan” from the government will never ever work, way too much hassle involved, no way they have even 5% of the required fully qualified tax specialists who speak all the required languages and know when the remittance was actually earned overseas, make that 1%!!

TRD will kindly ask tax residents to prove that remittances are not assessable income or subject to DTA. TRD can request certified translation from languages other than English. Lucky if copies of bank statements and tax invoices suffice and are self explanatory, less lucky if documents are not in English or specific signatures are required (cf. foreign  health insurance). If TRD is not happy with a tax resident's explanation, they can qualify the remittances as tax assessable and declare respective taxes due.
 

The bottle neck will be resources. I would not be surprised if annual remittances below  THB 1-2m will remain under the radar for the time being even if TRD is serious about more tax revenues.

[newbee2022]

On 1/25/2025 at 9:00 PM, swissie said:

Taxation of "foreighn-income" is all the rage here.

 

Why not hire a reputable Thai Accountant, specialising in taxes generally? If Problems arise, refer the Thai Tax Wizards to your Thai Accountant. Under the Motto: "If my Thai Accountant can't handle my Thai taxes, how could I"?

 

Example: I had my Visa-Stuff handled by a Thai Visa Agent. Once immigration discovered some "irregularity". I refered them to my Visa Agent. I never heard anything from immigration in this matter ever again.

 

I am absolutely sure, that such a constellation would also be applicable in connection with "foreighn income". Money well spent, especially if larger amounts are involved.

 

You're joking, aren't you?😳 You really think you can do in Switzerland? No? But in Thailand you can do illegal things? I read the other day about a Swiss on Phuket. Are you related to him?