What are your experiences with the new tax laws?????

[Hummin]

33 minutes ago, ronnie50 said:

The bottom line, according to what the TRD has said so far, is to avoid being classified as a resident of Thailand for tax purposes, you must be present in the Kingdom 180 days or more. So 7 months would be over the limit, unless you can dip in an out for a couple of weeks at a time during the 7 months and avoid residencey classification. Basically, we are all waiting to see what happens - it's not clear yet about what is going to be assessible income - just remittances as is the case now, or your global income. The latter is pretty stupid - I'd call it the 'widow maker'.

I'm already coming and going, and for the last two years stayed less than 6 months already, so I have already decided to escape an eventually forced taxation by Thailand. My banks have also been at me the last two years to verify my standing when it comes to where I actually lives, and I had to get verification of my adress in Norway as well. 

 

However I plan to create a new bank account, an safety account if something happens in Europe the next decade. 

 

Constantly reminded of war with Russia, and latest reports we got 5 years to prepare for war. That's why

[oldcpu]

1 hour ago, Hummin said:

I didn't pay previously tax on transfers from savings, but now I want to have a reserve here. 

 

Next question

I transfer this year, stay 5 months. Next year I'm staying 7 months? I'm off the hook then? 

 

Someone must know for Eu countries, efta, Nordic or Norway.

 

Sending money to Thailand, when not  a Thai tax resident, should not be an issue (i.e. only in Thailand for 5-months).

 

However when you are a Thai tax resident (ie in Thailand for 180 days or more),  any money remitted into Thailand ,

-  if not tax exempt by specific words in a DTA (reference Royal-Decree-18), or

- if not tax exempt by an LTR Visa (reference Royal Decree 743), or

- if not tax exempt  by being pre-1-Jan-2024 savings (reference ministerial instructions por-161/162),

then as a Thailand tax resident you are subject to Thailand tax on that assessable income if it meets the tax threshold.

 

If the money you plan to remit is not exempt tax due to what I noted above, then to reduce your Thailand taxation exposure, its best to transfer money to Thailand when you are NOT a Thai Tax resident.

 

That's my understanding, but note I am not a taxation expert.

 

Honestly , some of the videos of those who claim to be tax/advisors/experts, are a bit questionable at certain specific locations in the videos, as efforts are being made to better understand the full implications of por-161/162 in relation to tax residency and DTAs.  Even some local Thai RD taxation offices are challenged here , given there are many different Double Tax Agreements.

 

 

 

[NoDisplayName]

On 2/11/2025 at 12:01 AM, chang50 said:

I only went to get a TIN with a yearly bank statement as they had earlier requested and somehow ended up filing a return!The tax officer started to fill it in without me even realising what was happening

I'm afraid that's on you.

 

Why din't you just say "I'm not ready to file yet, I'm waiting for more bank statements to arrive by post.  I still have until end of March, but thanks so much for the offer to help."

 

Then go home and have your Thai wife submit a joint filing online.

 

You only declare assessable remittances, so you don't need supporting documentation for exempt income or prior savings.  You would  have them available at home in your files in the very, very unlikely event you were asked to provide them.

[NoDisplayName]

On 2/10/2025 at 4:56 PM, jingjai9 said:

How long did it take for the Department of Revenue to process you tax forms and give you a receipt?

 

Filed online.  After I hit the "submit" button, processing took about 30 seconds.  Immediately downloaded a copy of the return, couple days later logged on to check status, saw approved, downloaded receipt.

[NoDisplayName]

10 hours ago, NE1 said:

 

Did you have to provide a Marriage certificate , or is the wife's I.D. card sufficient for proof of marriage ?

 

Filed a joint return online.  Received a text message to upload a copy of marriage certificate.

[oldcpu]

16 minutes ago, NoDisplayName said:

 

Filed a joint return online.  Received a text message to upload a copy of marriage certificate.

 

Thanks.

 

Unless one has been following this forum in detail,  it's difficult for others to assess how similar or how different  their tax return filing requirements situation is from yours.

[paddypower]

9 hours ago, brewsterbudgen said:

From the various threads running on this topic, the consensus seems to be don't make waves and whatever you do, don't visit your local tax office!

aka ''keep your head down''

[topt]

2 hours ago, Hummin said:

Quick hypothetical question

 

I want to transfer 1,2 million in to my bank account tomorow from my savings, and I am going to stay 7 months this year.

 

I am obligated to pay tax this year?

Simple answer is no because if you transfer this year you do not do the return until next year - 2026.........

 

More detail - Depends - if this is "savings" (cash in the bank) from pre Dec 31st 2023 and you can prove that then under the 162 or whatever it was they added after the main change then that is considered exempt or non assessable so no tax.

However it is unclear if money in other types of accounts (brokerage etc) are also included as their is currently a difference of opinion over this.

[DaRoadrunner]

5 hours ago, CK1980 said:

As for the DTA, there seems to be a bit of confusion. As far as I can work out, you are legally required to pay tax in your tax resident country, if you stay in Thailand over 180 days you are considered a tax resident and it is here that you must pay tax. The DTA will stop you from paying tax in the country that you are not in (or at least not in for 180 days per year). So, if you are getting paid by a UK company but stay in Thailand for over 180 days then you pay tax in Thailand and the DTA will avoid paying tax in the UK. I may be wrong.

 

This document seems to support this:

https://iao.bangkok.go.th/storage/files/Personal Income Tax.pdf

 

This document is also useful for working out deductions:

file:///C:/Users/Owner/Desktop/TAX/Thailand%20-%20Individual%20-%20Deductions.html

 

Fine if we only have to pay tax in Thailand and NOT in our country of origin. Never gonna happen

[ukrules]

6 hours ago, topt said:

However it is unclear if money in other types of accounts (brokerage etc) are also included as their is currently a difference of opinion over this.

 

Is it unclear?

 

If you sell shares into cash in a brokerage account that is a taxable event even if you never withdraw the resulting funds.

The taxable event is selling the shares, it's then currency - the type of account the currency is sitting in is mere window dressing.....

Lets say you did this in the US, you're getting taxed every time you sell those shares if there's any profit, same everywhere. Except Thailand ironically as they don't appear to tax SET trades...