Thailand May Ease Overseas Income Tax Rules Amid Global Changes

[madone]

4 hours ago, 1happykamper said:

 

Why in earth did a few farang rush down to the Thai tax office to file a return is beyond my understanding 😏🤣🤣

 

because AN is the last bastion of that generation of jobsworths and do-gooders who believe in paying tax for services they don't receive.

[black tabby12345]

Tax's chief's empty bark(in May last year).

Ended up as Empty Bark, as predicted...

[quake]

4 minutes ago, CallumWK said:

 

There is a post regarding that in the main topic about this subject.

For tax year 2024 (filing 31 March 2025) funds earned before 1st of January 2024 are exempt.

Next tax year 2025 (filing 31 March 2026) funds earned before 1st of January 2025 are not exempt any more

 So you don't know then.

thanks.

By

[hotandsticky]

2 minutes ago, quake said:

 So you don't know then.

thanks.

By

 

 

By ?

[CallumWK]

1 minute ago, quake said:

 So you don't know then.

thanks.

By

 

I said there is a post *(youtube) from one of the tax advisers in the main topic in the economics forum, that clearly states that from tax year 2025 all remittances, regardless of in which year they are earned are taxable.

How does that translate to, I don't know then?

And if you want to find the post, go search for it yourself, or go quacking elsewhere

 

[anrcaccount]

43 minutes ago, ThaiPauly said:

Where does this leave all the companies that have set up tax advisory services and already taken money from foreigners to take care of their taxes?

 

What will they do if this whole process is scrapped?

 

Let's all hope they disappear, and crawl back under the rock they emerged from.

 

 

[hotandsticky]

Am I the only one who thinks this Mularkey is another Y2K over reaction?

[quake]

10 minutes ago, CallumWK said:

 

I said there is a post *(youtube) from one of the tax advisers in the main topic in the economics forum, that clearly states that from tax year 2025 all remittances, regardless of in which year they are earned are taxable.

How does that translate to, I don't know then?

And if you want to find the post, go search for it yourself, or go quacking elsewhere

 

 

Quote

Next tax year 2025 (filing 31 March 2026) funds earned before 1st of January 2025 are not exempt any more

 

 

Sorry miss read you post , missed this bit, my bad.

So everything before 2024 is toast for tax year 2026. 

oh well, that's bad news.

 

 

 

 

[redwood1]

45 minutes ago, black tabby12345 said:

Do they start to notice, it is sheer waste of their time & energy?

Finding out they can collect little or no tax money from the expats not working here.

Therefore it is not worth it; fruitless efforts(what Thais generally hate worst).

 

I have said the same many times.....

 

Nothing and I mean nothing de-motivates a Thai like a 0.0% return on a investment of their time and energy.....

 

And retired expats who are not working and living off a fixed income or pension.....Are about as far from a tax honey pot as can be.....

 

I would say Thais have ZERO interest in spending large amounts of time and money to squeeze a few baht out of Retired Expats....

 

It will not happen EVER.....Not now not in the future..

 

[Cabradelmar]

Stop it 😂 The stated goal is to simplify fund repatriation for Thai citizens. Expats ain't seeing any relief. What is, is. What might be may never come. That's the best you can hope for.

[black tabby12345]

2 minutes ago, redwood1 said:

I would say Thais have ZERO interest in spending large amounts of time and money to squeeze a few baht out of Retired Expats....

 

Looks like wasting millions for a penny.

Stupid thing to do, from Anyone's Standard.

When it comes to gain and loss balance, Thais are often very quick-minded LOL.

[IsaanT]

42 minutes ago, quake said:

 

Ok.

Is what you said factual, please show me.

thank you.

I've presented the facts.

This forum wouldn't survive for very long if every statement (I exclude opinions) had to be verified.

Some of us are trying to provide helpful input.  If you seek ultimate veracity, please do your own homework.
 

[Jingthing]

Right now it's tax filing season for tax year 2024.

Any changes going forward if any will NOT change the situation for this tax filing season.

So if you've determined you are supposed to get a TIN / file / pay tax for this current tax season, you still are.

[Moonlover]

11 hours ago, webfact said:

Thai tax consultants advise caution in interpreting these developments, stressing that conclusions about the government's intentions and their eventual impact remain premature.

They would say that wouldn't they. They fear that the 'golden goose' is going to be killed off before it even start to lay eggs!

[quake]

26 minutes ago, IsaanT said:

I've presented the facts.

This forum wouldn't survive for very long if every statement (I exclude opinions) had to be verified.

Some of us are trying to provide helpful input.  If you seek ultimate veracity, please do your own homework.
 

 

Ok .

Sorry for asking questions.  

 

 

[pomchop]

In those famous words of many thai gals...."u tink too mutt". 

 

 I have enough stuff to be concerned with so will put all this on the back burner until when and if it is all sorted.  I suspect i may be dead before then...so death or taxes?  Which comes first.

[BusyB]

 

🤣🤣🤣

 

As I figured. It was only a matter of time. TIT. 

 

But it's generated some record breaking threads full of pure speculation.

 

[Hamus Yaigh]

11 hours ago, Artisi said:

Just more confusion to an already confusing debacle. 

That's a function of reading forums like this. SM has made life more confusing by design.

 

As far a tax and people on retirement extensions of stay here I am not confused at all. I am continuing as I have done for the past 15 years since my first extension. Until someone in immigration (which I very much doubt) or the TRD (which I doubt even more) contacts me about all this tax nonsense I see on forums like this, I will carry on regardless not giving it a second thought.

[Unclernie]

Why am I not surprised? This is typical of a boneheaded legislation not sticking to the wall. Same as arrival tax at airports, the new flavor of overlapping visa of the month be it for residency work or retirement and recently trying to legalize marijuana for medical use only. No depth of thought and process! Remember too that Pattaya will be the new family oriented tourism destination. Not so sure about the sanity of our hosts politicians.

[sambum]

12 hours ago, Artisi said:

Just more confusion to an already confusing debacle. 

I think you beat many people to it!

[redwood1]

30 minutes ago, Unclernie said:

Why am I not surprised? This is typical of a boneheaded legislation not sticking to the wall. Same as arrival tax at airports, the new flavor of overlapping visa of the month be it for residency work or retirement and recently trying to legalize marijuana for medical use only. No depth of thought and process! Remember too that Pattaya will be the new family oriented tourism destination. Not so sure about the sanity of our hosts politicians.

 

Speaking of Pattaya......Has anyone noticed the GoGo girls all lined up at the tax office to pay taxes on all their big overseas sponsor income?...

 

Yep I bet those girls are going over the tax forums every night to make sure they pay their fair share...lol

 

 

 

[BusyB]

54 minutes ago, Hamus Yaigh said:

That's a function of reading forums like this. SM has made life more confusing by design.

 

As far a tax and people on retirement extensions of stay here I am not confused at all. I am continuing as I have done for the past 15 years since my first extension. Until someone in immigration (which I very much doubt) or the TRD (which I doubt even more) contacts me about all this tax nonsense I see on forums like this, I will carry on regardless not giving it a second thought.

 

Same here.

 

It also pays to read your own country's DTA. A source of comfort for most pensioners.

[jwest10]

1 hour ago, Hamus Yaigh said:

That's a function of reading forums like this. SM has made life more confusing by design.

 

As far a tax and people on retirement extensions of stay here I am not confused at all. I am continuing as I have done for the past 15 years since my first extension. Until someone in immigration (which I very much doubt) or the TRD (which I doubt even more) contacts me about all this tax nonsense I see on forums like this, I will carry on regardless not giving it a second thought.

Been told countless of times via the local Revenue I do not need to file a return as my allowances above any income but will keep manual / written  calculations on paper

[Negita43]

21 minutes ago, sambum said:

Just more confusion to an already confusing debacle. 

The only problem is - however confusing, not understandable (dare I say wrong) it is - in the end it will be us that suffer because saving face is so important and I have never known a tax office anywhere in the world admit their rules are confusing (until they are taken to court and who of us can afford that?)

[NJHOUSE]

3 hours ago, CallumWK said:

 

I said there is a post *(youtube) from one of the tax advisers in the main topic in the economics forum, that clearly states that from tax year 2025 all remittances, regardless of in which year they are earned are taxable.

How does that translate to, I don't know then?

And if you want to find the post, go search for it yourself, or go quacking elsewhere

 

You do not know what you are talking about. You are spreading misinfo.

 

On 20 November 2023, the Thai Revenue Department issued the Revenue Departmental Instruction No. Paw.162/2566 ("Paw 162") as further guidance for interpretation of Paw 161/2566. This Paw 162 added paragraph 2 of Clause 1 of Paw 161 to clarify that foreign-sourced income earned before 1 January 2024 and remitted into Thailand from 1 January 2024 onwards will not be subject to personal income tax. In other words, the foreign-sourced income earned by Thai tax residents prior to 1 January 2024 will not be required to include the calculation of their Thai personal income tax, even if such income will be remitted into Thailand from 1 January 2024 onwards. 

[NoDisplayName]

3 hours ago, quake said:

 

Does the Thai revenue department work on the FIFO,  principle.

Great if they do. 

 

They are currently experimenting with FAFO.

[oldestswinger]

10 hours ago, digger70 said:

Thailand May Ease Overseas Income Tax Rules Amid Global Changes

 

When they get their Act together (if ever) Than they can Maybe expect me to Apply for a TFN  If they Don't have that Online , Bad Luck for them.

They want Us Expats to Pay Tax On Our Money that's  got nothing to do with LOS  and is most times Already Taxed in the home country.

Pensioners Shouldn't be Taxed at all in Any  country on their Meager pension,

Pensions Paid by the Govment   are  Moneys that one paid as income tax  when working .

So Why Pay Tax Again & Again & Again on the same Moneys.

Tax Is the Biggest Scam in the World  And they Say that that is Legal.  NO NO

Us Expats and Tourists Bring Millions off THB into the country Every Day and spend it here and Pay Tax on Everything WE Buy.

Still Not Enough for the Greedy B@stards .  Lets Rip them of for some more .

From the number of upper case letters used, I'm guessing you're the real Trump.

[CallumWK]

11 minutes ago, NJHOUSE said:

You do not know what you are talking about. You are spreading misinfo.

 

On 20 November 2023, the Thai Revenue Department issued the Revenue Departmental Instruction No. Paw.162/2566 ("Paw 162") as further guidance for interpretation of Paw 161/2566. This Paw 162 added paragraph 2 of Clause 1 of Paw 161 to clarify that foreign-sourced income earned before 1 January 2024 and remitted into Thailand from 1 January 2024 onwards will not be subject to personal income tax. In other words, the foreign-sourced income earned by Thai tax residents prior to 1 January 2024 will not be required to include the calculation of their Thai personal income tax, even if such income will be remitted into Thailand from 1 January 2024 onwards. 

 

Did you see I mentioned taxes for the year 2025, to be filed in 2026?

 

All funds earned AFTER 1 January 2024 will be subject to taxes, regardless in which year they are remitted.

[NoDisplayName]

3 hours ago, quake said:

 

 

 

Sorry miss read you post , missed this bit, my bad.

So everything before 2024 is toast for tax year 2026. 

oh well, that's bad news.

 

 

 

 

 

That is incorrect. 
All income pre-2024 remains exempt, regardless of tax-residency.

 

In 2026, 2025 and 2026 income is taxable (depending on tax-residency).

Pre-2024 income remains exempt.

 

In 2027, 2025 and 2026 and 2027 is taxable (depending on tax-residency).

Pre-2024 income remains exempt.

 

All they've done is close the "only current year income is taxable" if tax-resident loophole, effective for income earned after 2023.

 

And now it appears they may be going back to the previous interpretation.

 

 

[quake]

8 minutes ago, NoDisplayName said:

 

That is incorrect. 
All income pre-2024 remains exempt, regardless of tax-residency.

 

In 2026, 2025 and 2026 income is taxable (depending on tax-residency).

Pre-2024 income remains exempt.

 

In 2027, 2025 and 2026 and 2027 is taxable (depending on tax-residency).

Pre-2024 income remains exempt.

 

All they've done is close the "only current year income is taxable" if tax-resident loophole, effective for income earned after 2023.

 

And now it appears they may be going back to the previous interpretation.

 

 

 

That's what I thought.  thanks.

I have only ever been talking about pre 2024 income.

I'm done with some big members on this forum.

Thanks again.