My Thai Tax Office Tax Filing Experience...

[Sheryl]

3 hours ago, aldriglikvid said:

Not expecting advice, but I'd appreciate your feedback on my situation: 

I transferred approximately 10m THB to my Thai bank in January 2024. All those funds came from my local bank back home, and have been taxed for already (via investing in equites and the such). The purpose for the transfer is probably not relevant for the RD, but I'm disclosing it here for context: purchase of condominium. 

Even though I earned this sum prior to 2024, and could produce documents to show it, I'm somewhat "scared" to file a 10 million remittance to Thailand - and then claim it non-assessable (from my understanding here, isn't really a viable option on the filing docs just yet). I'm afraid that they will be unable to properly understand my local docs, or interpret them to my disadvantage. 

Perhaps a controversial take, but, I'm probably going the route of not filing at all.

There isn't any way to file and declare a remittance non-assessable.

 

In fact the relevant form section is labelled "Assessable Income".

 

So (assuming no other, assessable, remittances) not filing seems the only realistic option. If and when questioned, explain the funds are from pre-2024 savings and thus non assessable.

 

 

[anrcaccount]

13 hours ago, aldriglikvid said:

Not expecting advice, but I'd appreciate your feedback on my situation: 

I transferred approximately 10m THB to my Thai bank in January 2024. All those funds came from my local bank back home, and have been taxed for already (via investing in equites and the such). The purpose for the transfer is probably not relevant for the RD, but I'm disclosing it here for context: purchase of condominium. 

Even though I earned this sum prior to 2024, and could produce documents to show it, I'm somewhat "scared" to file a 10 million remittance to Thailand - and then claim it non-assessable (from my understanding here, isn't really a viable option on the filing docs just yet). I'm afraid that they will be unable to properly understand my local docs, or interpret them to my disadvantage. 

Perhaps a controversial take, but, I'm probably going the route of not filing at all.

Finally, an interesting one. 

 

I'm sure there's thousands ( if not tens if thousands) of foreigners who did exactly the same thing last year, and transferred technically assessable income  (capital gains on stocks or property sold)  to pay for the Thai property.  

 

Your plan to not file is certainly not controversial, IMO it's the sensible option. I bet 95%+ of people in the same position,  will not file.

 

If you do try to file, you'll be one of, if not the first person, who has ever paid Thai tax on a remittance to purchase property, and we'll read about it in the news, I'm sure!