Thailand Yet to Finalise Policy on Taxing Expats’ Overseas Income

[BritManToo]

1 hour ago, sidneybear said:

It's all part of the Common Reporting System. If you don't provide this information, be prepared to have your bank account closed with zero notice, once whatever grace period they give you expires. It happens all over the world, so have a Plan B if you're abruptly debunked.

Mostly Thailand announces new rules/laws/guidelines, then never bothers to go any further. It's like they want to be part of the western new world order, but haven't got the enthusiasm to actually do anything but posture.

 

I doubt k bank will get around to more than the emails.

[PomPolo]

5 minutes ago, Gknrd said:

This thread reminds me of all the threads on retirement in Thailand in the last few years.

Most in denial!

 

 

Last few years makes sense try last 2 decades and you might be on the right track you think all of a sudden this will magically happen overnight?

My back pack and a reserve stash of real paper money is always at hand but why would thailand want to get rid of their farang cash cows?

[PomPolo]

Does anyone else see the irony on these threads that tax advice advertisments always seem to appear on them?

[Dmitry2222]

6 minutes ago, BritManToo said:

Mostly Thailand announces new rules/laws/guidelines, then never bothers to go any further. It's like they want to be part of the western new world order, but haven't got the enthusiasm to actually do anything but posture.

 

I doubt k bank will get around to more than the emails.

Let's remember the points system for drivers. Does it work? However, there has been a lot of discussion about it.

[PomPolo]

33 minutes ago, Dmitry2222 said:

Let's remember the points system for drivers. Does it work? However, there has been a lot of discussion about it.

I suspect there will be a millennium bug before they can implement this like probably next millennium

[piewarmer]

On 3/17/2025 at 1:13 PM, 4MyEgo said:

I have come to the conclusion after reading many posts on this topic that I shall gift a million baht to my wife annually.

 

Once I gift her the money, I shall state, as she will, that I do not eat from the same plate, and if they want to suggest otherwise, then I will tell them to prove it, as the onus will be on them.

 

I do not own a home, I do not own a car, we have separated as husband and wife and I live in the back of the house and remain for the kids, I eat Kellogg's all bran for breakfast, have a tuna sandwich for lunch, and a bowl of spag for dinner and support myself, in other words, Garn Get Fruit Loops.

B190,000 is the tax credit ceiling for family deductions

[Kenneth White]

On 3/23/2025 at 9:14 AM, motdaeng said:

 

in the future, you might have to explain to the tax office how you support yourself. you would then tell the thai tax office that you pay for everything with your foreign credit card and therefore believe you don’t have to pay taxes under thai tax law.

 

but you do realize that, in the end, it’s the thai tax office (not you) that decides what you need to pay taxes on ...

paying for your living expenses with a credit card doesn’t seem like the smartest choice, bad exchange rates, high fees, etc.

 

as a tax resident over 65, you already have a tax-free allowance of at least 500k, and only after that do you need to pay taxes:

 

It appears that I will not need to pay any tax. I rarely use my credit card for purchases other than at Mitsubishi for service and tires.

[watchcat]

On 3/17/2025 at 1:04 AM, JoePai said:

Calm down everyone, after many years in Thailand I understand any new legislation takes many years of to and fro 

 

 

 

Correct.

[4MyEgo]

23 hours ago, piewarmer said:

B190,000 is the tax credit ceiling for family deductions

 

https://www.expattaxthailand.com/gift-tax-2024/

 

I believe you are incorrect, it's up to 20 mil baht.

 

I did state that I would gift her 1 mil baht, it's tax free.

 

Why should I declare the mil baht to the revenue department, I have paid taxes all of my life, and I am certainly not going to accept being taxed on my savings, even if my saving are working for me and earning me money.

 

In other words, I will exploit the system legally to avoid paying taxes on my money.

[JB300]

On 3/23/2025 at 9:32 AM, spidermike007 said:

There is absolutely no new obligation on our parts, to engage the system. Period. No new laws. No passed legislation. It appears to be a huge nothing burger. 

You do know that you have always been “obligated“ to file a Tax Return if you meet the criteria of >179 days in Thailand & 120K (Single, 220K Joint) assessable Income.

 

The only thing that has changed is the interpretation of the rule around what is assessable income, key factor being we can no longer use the “Previous Year Loophole” around what is/isn’t assessable income.

[JB300]

On 3/25/2025 at 8:20 PM, JB300 said:

You do know that you have always been “obligated“ to file a Tax Return if you meet the criteria of >179 days in Thailand & 120K (Single, 220K Joint) assessable Income.

 

The only thing that has changed is the interpretation of the rule around what is assessable income, key factor being we can no longer use the “Previous Year Loophole” around what is/isn’t assessable income.

What’s the point… It’s like saying waters wet 

 

[ukrules]

On 3/25/2025 at 8:20 PM, JB300 said:

The only thing that has changed is the interpretation of the rule around what is assessable income, key factor being we can no longer use the “Previous Year Loophole” around what is/isn’t assessable income.

 

You're right of course, but in practice lets face it - hardly anyone filed anything with the Revenue Department and many people remitted mixed funds / same year funds without much separation.

I know some people used the beginning on the year big remittance method - as in do a wire for a few million Baht on the first business day of the year - kind of proves the money comes from the previous year but many people, even those who attempted to get TIN numbers were knocked back- and they're all potentially liable.

[JB300]

10 hours ago, ukrules said:

 

You're right of course, but in practice lets face it - hardly anyone filed anything with the Revenue Department and many people remitted mixed funds / same year funds without much separation.

I know some people used the beginning on the year big remittance method - as in do a wire for a few million Baht on the first business day of the year - kind of proves the money comes from the previous year but many people, even those who attempted to get TIN numbers were knocked back- and they're all potentially liable.

That was sort of my point (albeit not expressed well)

 

Its just the Idiots on here who try to claim that because there’s not some law change & somebody hasn’t knocked on their door to give them a gilt envelope that they get a pass from filing a return.

 

How about being a mature adult & when you move to another country, learn the rules 

 

 

[sidneybear]

On 3/23/2025 at 9:28 PM, redwood1 said:

 

Well I imagine Vast Vast numbers of Kbanks customers have not filled out their pointless paperwork.....So maybe Kbank will have to shut THEIR doors.....lol

Another "Thailand won't survive without us expats" post.

[sidneybear]

On 3/23/2025 at 9:32 PM, PomPolo said:

@sidneybear

 Seems to be 99% ahead of all other members on this forum so perhaps he can pay all of our taxes 🤣

There's no need to behave like a wally mate. All I was saying is that Thailand has adopted the CRS/AEOI, following the western world. Of course, it might take a while to catch up to western world banks, where accounts are routinely closed if tax residency information isn't provided. The fact remains that your accounts are at risk of closure if you ignore requests for this kind of information - given how difficult it is to open accounts, closure is something that most people would want to avoid, particularly those who don't mind paying their taxes.

[StayinThailand2much]

K-Bank sent me forms last year re. tax status. Arriving in Thailand again this year, I was wondering, whether I should fill them out at the branch.

 

Not living in Thailand anymore, but spending less than 180 days a year in the country now, I was wondering, what the chances are that the bank will close my account, if I tell them that when filling out the forms.

[kimamey]

As I see it, the problem is that instead of planning for change and then implementing it, the Thai government tends to implement change and then try to plan for it.

[lordgrinz]

2 minutes ago, kimamey said:

As I see it, the problem is that instead of planning for change and then implementing it, the Thai government tends to implement change and then try to plan for it.

 

They really didn't change anything, they just closed a loophole, as it applies to remittances.

[kimamey]

5 minutes ago, lordgrinz said:

 

They really didn't change anything, they just closed a loophole, as it applies to remittances.

True, but they don't seen to have planned for closing the loophole. If they had there wouldn't be all this confusion and wildly different rules depending on where you live.

 

A couple of weeks ago I read the UK Thai double taxation treaty. I can't remanded if it made complete sense though.  I seem to remember it cleared up some issues but not regarding state pension s.

[rainwater]

has there been any instances in Thailand of expats leaving being detained at the airport for not filing a tax return

[Metapod]

also curious on latest updates about this. news has been quiet since deadline passed

[Presnock]

6 minutes ago, Metapod said:

also curious on latest updates about this. news has been quiet since deadline passed

There was a bit in passing the other day, probably about the tariffs and just said that the government was still talking about the worldwide income taxation but that was the only thing mentioned at all.

[anrcaccount]

2 hours ago, Metapod said:

also curious on latest updates about this. news has been quiet since deadline passed

 

Absolutely nothing has changed, 99%+ of expats don't pay tax, no new enforcement, status quo , relax, sabai sabai. 

[Lorry]

15 hours ago, rainwater said:

has there been any instances in Thailand of expats leaving being detained at the airport for not filing a tax return

Prisons are full of them 

[rainwater]

On 4/29/2025 at 9:17 AM, rainwater said:

has there been any instances in Thailand of expats leaving being detained at the airport for not filing a tax return

Why does this person think this is a joke and posting a laughing face emoji? This could become a reality if the computer network at passport control is connected with the government revenue network and your passport number easily obtained from immigration and your visa.

[Expat68]

15 hours ago, rainwater said:

Why does this person think this is a joke and posting a laughing face emoji? This could become a reality if the computer network at passport control is connected with the government revenue network and your passport number easily obtained from immigration and your visa.

If that happens there won't be enough planes for the mass exodus of expats. For me no problem, I will just go back to the UK. Live in my house which I still have

[redwood1]

On 5/7/2025 at 4:54 PM, rainwater said:

Why does this person think this is a joke and posting a laughing face emoji? This could become a reality if the computer network at passport control is connected with the government revenue network and your passport number easily obtained from immigration and your visa.

 

I think 100% of all expats should be put in jail in Thailand with no bail until they can prove they paid their taxes......O-wait if this includes me never mind....

[Ralf001]

25 minutes ago, redwood1 said:

 

I think 100% of all expats should be put in jail in Thailand with no bail until they can prove they paid their taxes......O-wait if this includes me never mind....

 

I have copies of my yearly tax filing documents dating back to 2005.

[sidneybear]

On 5/7/2025 at 7:54 PM, rainwater said:

Why does this person think this is a joke and posting a laughing face emoji? This could become a reality if the computer network at passport control is connected with the government revenue network and your passport number easily obtained from immigration and your visa.

Agreed that this is no laughing matter.

 

Integration and data matching of international passenger movement records and the revenue department records happens already in places like Australia. The tax folks know exactly how long you've been there.

[bugger bognor]

Even though I have always stated this tax bull<deleted> is a nothing burger and will not be implemented or enforced for a decade imo when they don'even tax the majority of there own working people !  All those who believe differently get a friend or relative to open a account in there home country obviously in there own name send you the ATM card and passwords send money to that account then withdraw here simple!