Just received a Tax form in the post - what next ?

[jwest10]

26 minutes ago, Sheryl said:

A number (but not all)  of provincial Revenue Depts are telling  people no need to file if no tax owed. This is not technically correct -- by law must file if you have more than 60k in assessable income -- but the most you risk (assuming indeed no tax due) is a small fine, and that seems rarely enforced.  Still, I personally would file in that circumstance.  

 

A few RDs are telling people only need to file if you work in Thailand. That is, and always has been, completly untrue and if as a result you fail to pay tax due, could come back to bite you in future. 

Also no tax payable!!! Per my local Revenue Office and several times ok

[Sheryl]

2 hours ago, jwest10 said:

Also no tax payable!!! Per my local Revenue Office and several times ok

Sorry, I don't understand what you are saying here.

 

If you mean that your local RD has  told you no need to file if no taxes owed, then as explained this is not correct (filing is required if you have over 60k in assessabld income) but, as also explained, assuming indeed no tax owed then the most you risk by not filing is a small fine and that is seldom applied.

 

If  you mean your  local RD  told you no tax is ever payable unless working in Thailand, that is both untrue and dangerously misleading.  There are many situations wherein  people not employed in Thailand  would owe Thai tax.  Passive income  earned in Thailand or remitted from abroad to Thailand, and earnings ftom employment abroad remitted to Thailand being examples of this.

 

Be aware that  verbal misinformation from RD staff will not be any defense if you are later  found to have evaded  tax payment.  And the knowledgabilty of RD stsff, especially in matters foreigner specific, is quite variable and often low.  

 

It behooves everyone who us tax redident here to personally  research whether or not they owe Thai  taxes.  Really not very difficult to do. 

 

 

[oldcpu]

4 hours ago, steven.g said:

As a Canadian who lives retired in Thailand, I m tax exempt due to treaty agreements. However, I still must fill out the form. 

 

I assume you are referring to your Canadian OAS, or CPP, or RRSP/RRIF or other similar 'pension' type remunerations from Canada. 

 

If that is your only income, even a number of the Tax Advisors (for Expats in Thailand) have stated if one's only income is remitted Canadian pension type remunerations, then no Thailand tax ID is needed, nor does one have to file  a Thai tax return in that case (of only Canadian pensions being one's income).

 

However if you have local Thai income, that exceeds the threshold for filing a Thai tax return (in addition to your remitted Canadian pensions), then yes, you do need to file a Thai tax return due to that local Thai income.

 

I assume in your case, you put down 0-Thai baht for your remitted income? I assume that because there is NO PLACE to deduct that non-taxable income on the Thai tax form.  Is my assumption correct?

 

Given that, at present time there is no immigration requirement to show a tax return submitted, nor any official indication that such document for immigration will be required in the future (only some paranoid AseanNow scaremongers noting such is possible) - then I don't believe a tax return (nor tax ID) is needed in a case such as yours (if the Canadian pension (or similar Canadian derived remunerations) is the only income one has and is remitting to Thailand) . One needs to be above a certain assessable income level to qualify for a Thai tax ID.

 

Having typed the above, no one is stopping anyone (who has a Thai tax ID) from filing a Thai tax return, even if they don't have to file. 

 

I am curious thou - just how did you list your remitted Canadian tax exempt income?  Did you simply put down such as a ZERO ?

[flexomike]

4 hours ago, tomgreen said:

Thanks, I'm planning to go and get the tax all ready taken statement from my Thai bank savings account ( as requested by my local tax office ) and then once Ive got that paper work , I will be going back to my local tax office ( there they said that they would fill every thing out on line for me ) and ask them to then process every thing . Its interesting that you were given a reference number to use next year . Just out of interest ( being nosey ) was the outcome of you filing your tax form in , what you had expected. 

I knew before going that with my deductions and exemptions I would owe nothing, and that is what it ended up as I owed nothing. You will also owe nothing. Relax and enjoy your life.