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

[IsaanT]

On 2/14/2025 at 8:33 AM, Moonlover said:

It's all here. All you have to do is google it!

 

https://assets.publishing.service.gov.uk/media/5a80bddc40f0b623026953eb/uk-thailand-dtc180281_-_in_force.pdf

 

FYI for UK expats:

It was helpful of @Moonlover to bring this to the forum's attention.  However, with respect, I can improve on this.
 

The official Thailand-UK Double Taxation Convention can be viewed at https://www.gov.uk/government/publications/thailand-tax-treaties.  A number of double taxation agreements are currently being reviewed, and this web page allows you to be notified of any changes in the content by email.  The current information is effective in Thailand from 1st January 1981 and was published on the .gov.uk website on 2nd January 2014.

I already use this .gov.uk email notification service for another UK legislation topic and find it reliable.
 

[Felt 35]

Does anyone know why the insurance company requires a TIN in connection with tax deductions for health insurance premiums and what they might use it for in relation to, for example, the Data Protection Act?

Felt

[topt]

1 hour ago, Felt 35 said:

Does anyone know why the insurance company requires a TIN in connection with tax deductions for health insurance premiums and what they might use it for in relation to, for example, the Data Protection Act?

Felt

I don't know for sure but could guess that it is required on the form they give you to give to the TRD to prove that you have paid the premium. 

 

What is your worry - what else could a big insurance company use it for........and presumably they will have all the rest of your personal info anyway.

[sidneybear]

On 2/12/2025 at 6:17 PM, CK1980 said:

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).

Each country has its own rules on what defines tax residency, so it's perfectly possible to be a tax resident of more than one country at the same time. All a DTA does is prevent you from getting taxed twice for the same thing. For example, if you were a tax resident in both Thailand and Australia, and had already paid income tax in Thailand, then Australia would deduct this amount already paid from foreign source income tax payable in Australia. 

[ukrules]

29 minutes ago, sidneybear said:

Each country has its own rules on what defines tax residency, so it's perfectly possible to be a tax resident of more than one country at the same time. All a DTA does is prevent you from getting taxed twice for the same thing. For example, if you were a tax resident in both Thailand and Australia, and had already paid income tax in Thailand, then Australia would deduct this amount already paid from foreign source income tax payable in Australia. 

 

Very true - it is an important issue when tax planning, especially if you're an Aussie - I watch and read a lot about taxation and international residencies over the years as it's something I've been keeping my eye on - boring I know but kind of interesting.

I was quite alarmed by something I saw recently on youtube that mentions it can take 3 years to lose Aussie tax residency - after you leave! What a nightmare, I think Germany has something similar and you have to prove residency elsewhere as well.

Coming from the UK there is none of this nonsense. Small blessings I guess.....

[sidneybear]

19 hours ago, ukrules said:

youtube that mentions it can take 3 years to lose Aussie tax residency - after you leave!

The idea of Australian 'Adhesive Tax Residency' as it's euphemistically called hasn't yet been introduced, but it may well be. One would then need to spend fewer than 45 days each year, for a full three years, to cease being an Australian tax resident. In the meantime, Australia will continue to tax your entire worldwide income. Scary stuff.

 

https://www.exfin.com/tax-residency-tests

[Stocky]

I got a local Thai accountancy firm here in Hat Yai to do the filing for me. All they needed were a copy of my TIN, wife's ID and my bank statements with the deposits-in highlighted. She also wanted to know where the money had come from, and I think she took a photocopy of my Laos work permit. A couple of the early transfers last year were not assessible income because it was money earned before 1st Jan 2024. I gave the accountant the paperwork end of January and today I received a copy of the tax form filed together with the e-slip for paying in. I scanned the bar code and paid with a bank app. Accountant charged me Bh2,000 to do the filing.