Do foreigners need to pay tax in Thailand?

[JJ-Thailand]

3 hours ago, motdaeng said:

my home bank's did require my thailand TIN as well ...

Many people have this problem, but most local TRD would still not issue a TIN unless you need it to file your tax return in Thailand.

 

[JJ-Thailand]

3 hours ago, JohnnyBD said:

This form is not required for expat Retirees, but I bet some will start posting that it is, now that they have seen it. There's plenty of false information being posted on these tax threads.

 

Unfortunately, the Tax Clearance Certificate already exists but hopefully we will never have to use it.
More to read about it at TRD official website: https://www.rd.go.th/english/23518.html

[JJ-Thailand]

21 hours ago, mistral53 said:

Here is an interesting tax case: 

 

Lets say I want to buy a house for THB 20 mil, I need in fact close to THB 27 mil to cover the taxation on the money I bring onto Thailand.........

 

On the other hand, if I want to buy said house for THB 20 mil, but stay under the threshold of 180 days in Thailand, no taxes are due. Problem solved? For THB 7 million I can comfortably travel around the world for 6 months - and spend the money on myself, blow and girls, instead of getting it siphoned off into the abyss of taxation.

 

Other creative solutions?

 

Don't buy the house! 

[JJ-Thailand]

The Thai government wants to attract more foreigners to Thailand by imposing taxes on us. Brilliant idea! 😂😂😂

[KhunHeineken]

22 hours ago, topt said:

What are you saying is the declarable amount In total when added to the rest of whatever you are filing? 

I will be declaring the exact amount of money I have remitted to Thailand.  No point lying about that figure, the Thai banks report it anyway. 

 

The owner of my condo is a foreigner, so I pay from my home county into his home country, and bypass Thailand completely, so that saves on some remittance tax. 

 

22 hours ago, topt said:

You have been quite vocal about filing irrespective of whether it is believed necessary so unless those amounts were small surely they should be included or are you now agreeing that if not assessable (perhaps savings prior to 2024) then they can safely be "ignored"......

My remittances are still over the threshold.  They are all assessable.

 

I will be filing, declaring, and paying, yet I have been minimizing my tax liability.  

 

I will be paying some tax, but the main thing is I get the magic piece of paper that gives me the all clear here to carry on as normal.  

 

For those who do nothing, relying on pre 2024, pensions, DTA's, gifting, TiT etc etc etc etc, well, good luck to you, but in my opinion, I am sure the Thai's have something waiting for you in the future.   

[KhunHeineken]

22 hours ago, JJ-Thailand said:

Last time I was on a job in Panama I was not allowed to leave the country without a tax clearance certificate issued by the revenue department in Panama City, it stated that I had fulfilled my tax obligations to the country. I just checked if Thailand has something similar and they have but it is not used for people in our situation, yet. 

I believe Thailand used to have such a system.  I guess they could bring it back. 

 

Just like they can''t have over stayers leave Thailand without paying their fine, they can't have people leaving Thailand without paying their tax. 

 

I did say some time ago I would not be surprised to see a TRD desk next to the overstay desk at airports.