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

[statman78]

59 minutes ago, TheAppletons said:

 

  Presumably, then, your accountant filed a Thai tax return showing zero assessable income and thus zero tax owed?  

Yes

[worrab]

19 hours ago, CK1980 said:

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.

Under DTA, you will pay tax in UK. It is very, very difficult to opt out of paying tax in UK, if not impossible! Then as a Thai tax resident, the tax paid in UK will be credited against any tax owing in Thailand. Proof of this would be a P60. 
Therefore you have only paid the tax once and no tax to pay in Thailand.

[Sandboxer]

Would you go to a crocodile show here and be that one volunteer from the audience who sticks his head into a dinosaur's mouth, trusting the words of a "professional" Thai croc trainer that everything will be "no plomplem"..???

 

If yes, the go right ahead you silly little tax simps.

[ElwoodP]

Off topic posts removed.

[JimGant]

23 hours ago, Presnock said:

Now the US is changing some tax laws so that those Americans being tax resident in foreign  countries can opt out of US taxes and just pay Thailand

What are you talking about? Certainly not the Earned Income Tax Credit, which has been around 50 years? And, I got a 'no joy' when I tried to log into your 'taxpayer advocate' link....

 

Nope. The 'saving clause' found in all US DTAs allows the US to tax all income regardless of what the DTA says (with a few exceptions, like alimony). Yes, in these situations the US is secondary tax authority -- and has to reduce its tax bill with a credit for Thai taxes paid.  But there is no option to "opt out" for filing and paying US taxes (if not overwhelmed by the tax credit).

 

I hope you're not referring to the Thomas Carden scheme, where he maintains (incorrectly) that there's an exclusion in the Thai-US DTA, allowing a US citizen, who's a Thai tax resident, to not pay US taxes on his IRA cashout, remitted to Thailand?

[ukrules]

6 hours ago, topt said:

Well there is definitely a difference of opinion amongst both posters on here and a couple of the "tax"advisory companies. 

ExpatTax believe it to only be savings in the bank for example.

 

They're wrong if they are saying this, the taxable event and the date it happens is all that matters.
 

[khunPer]

On 2/10/2025 at 10:56 AM, jingjai9 said:

Any stories from people who have already filed their Thai taxes?

 

Any warnings we should know about?

 

Any useful information to pass on?

There is another AN-thread here with some quite helpful information:

 

 

[khunPer]

The first thing to do as tax resident foreigner in Thailand, is to check the DTA (Double Taxation Agreement) between Thailand and one's home country. Find the clauses that fits your income that are brought into Thailand. It's said that the DTAs are quite different from country to country, so the only general rules is: You are not being double taxed, but you will be taxed the highest income tax in question.

 

Some DTAs might exclude taxation of retirement pension in Thailand, if the pension is already taxed in one's home country. In another thread (link in post above), a big boss in a local tax depart said that such pension shall not be included in one's tax report.

 

Money that are brught into Thailand, which is not proven savings from 2023 or earlier, and not already income taxed, are taxable in Thailand. That money also includes ATM-withdrawals on foreign credit cards, according to an ASEAN NOW-news story.

 

You have a personal deduction of 60,000 baht and other deductions depending of age and expenses. And the first 150,000 baht income after deductions is not taxed. So, for most of us with lower foreign transfers – and especially with some of the income already taxed in our home country, like retirement pensions – the Thai income tax will be between 0 and very low.

 

The common practise is that you don't need to file an tex return form, if you have no taxable income; however, it is possible to file a 0-taxable foreign income in the form.

 

My Danish home country's tax department issued me a statement in English, where they state that my retirement pension are fully taxed by them. I had an uanounced visit from a kind Thai tax-officer that accepted this statement, and she also saw another letter from my home country's tax department, in where they had issued a receipt for previous three years income tax. The officers only comment was a surprice over the very high tax I had already paid...

[SHA 2 BKK]

1 hour ago, khunPer said:

I had an uanounced visit from a kind Thai tax-officer that accepted this statement, and she also saw another letter from my home country's tax department, in where they had issued a receipt for previous three years income tax. The officers only comment was a surprice over the very high tax I had already paid...

 

Can you tell us a little more about the above?  Did the official come to your residence?  Have you filed taxes before in Thailand and thus received a TIN?  Was this recent? Any information would be greatly appreciated.

[EVENKEEL]

On 2/12/2025 at 12:18 AM, Ralf001 said:

What new tax laws ?

My sentiment as well.

[hotandsticky]

On 2/12/2025 at 3:18 PM, Ralf001 said:

What new tax laws ?

 

 

 

+1

[jesimps]

On 2/12/2025 at 3:24 PM, CK1980 said:

I'm no expert but I think you have completely misunderstood what a DTA is. The clue is in the name, DOUBLE tax agreement. It is to avoid paying tax twice, not for 'anti tax heathens' to avoid tax. It is just for specific situations where you are earning money in one place and getting taxed on it, then living in another place where they try and tax it again. 

 

As I said, I think the confusion comes in as the tax should actually be paid in the tax residence country, so the DTA should be used to avoid paying tax in the original country.

 

 

 Unless you're an ex government worker when HMRC filch the tax before paying you, so you have no choice about where you pay tax. This is, I think, why it's included in the DTA. Makes sense.

[oldcpu]

9 hours ago, CharlesHolzhauer said:

Currently, individuals in Thailand are taxed only on remittances.

 

... and taxed on local assessable income if a certain assessable income threshold level is reached.