My Thai Tax Office Tax Filing Experience...

[WingNut]

58 minutes ago, HappyExpat57 said:

Well I certainly won't be opening any new accounts over here. Three is enough for me. Thanks for the info.

 

Your welcome. The truth is that due to FATCA, many overseas financial institutions refuse to open accounts for Americans to avoid the nuisance of the complex IRS compliance requirements. While Thailand is an helpful exception, in many developed countries, it's significantly more difficult for Americans to even open bank accounts. This means it's also more challenging for Americans to live life as an expat in some Western countries. 

 

[baansgr]

11 hours ago, Wyabcp said:

from my limited knowledge trying to figure all this out, the capital gains from an ISA is taxable in Thailand. Also, the DTA may cover some of the pension tax, but the UK tax free allowance is also taxable in Thailand. As for transferring to spouse, this needs to be fully documented and proved that you won't benefit from it...

I really hope I'm wrong, I'm from the UK and in similar situation...

Cheers for the detailed answer, 

[Yumthai]

12 hours ago, KhunHeineken said:

Then, there will be cases of enforcement being publicized to ponder. 

Can't wait to see that. The only few cases will be the scared sheep running to file putting themselves in the tax system with unstraightforward foreign income situation where TRD is not able to process the DTAs and other exemptions from the foreign supporting docs then will tax full remittances regardless.