Because unless I present all my bank statements to Revenue I won't get a receipt to present to Immigration at my next visa (retirement) renewal. The neighbor said he had to pay 5% of all money he's transferred from the UK in the last 12 months. Why isn't this more widely publicized?

Just now, giddyup said:

Because unless I present all my bank statements to Revenue I won't get a receipt to present to Immigration at my next visa (retirement) renewal. The neighbor said he had to pay 5% of all money he's transferred from the UK in the last 12 months. Why isn't this more widely publicized?

What are you babbling about.

There are literally thousands of posts in various "tax" threads over the last 18 months since they made a rule change - no new laws.

 

There is also no evidence that Immigration will request some kind of tax payment receipt - it may happen but currently not.

 

Thai tax rates are tiered, like the UK, and their are various allowances so blanket statements like 5% are rubbish.

If you are not aware start reading the into here -

 

5 minutes ago, giddyup said:

Because unless I present all my bank statements to Revenue I won't get a receipt to present to Immigration at my next visa (retirement) renewal. The neighbor said he had to pay 5% of all money he's transferred from the UK in the last 12 months. Why isn't this more widely publicized?

maybe its not true

As a guess it's likely because it's not true.  Did he show any document from immigration requesting this?

4 minutes ago, Upnotover said:

As a guess it's likely because it's not true.  Did he show any document from immigration requesting this?

No, I believe he thought it was compulsory to get a receipt from the Revenue Office to present to Immigration when he renews his retirement visa.

8 minutes ago, topt said:

What are you babbling about.

There are literally thousands of posts in various "tax" threads over the last 18 months since they made a rule change - no new laws.

 

There is also no evidence that Immigration will request some kind of tax payment receipt - it may happen but currently not.

 

Thai tax rates are tiered, like the UK, and their are various allowances so blanket statements like 5% are rubbish.

If you are not aware start reading the into here -

 

I'm 83, maybe I'm a bit slow, but do I need to something or nothing to satisfy the tax department or immigration?

2 minutes ago, giddyup said:

No, I believe he thought it was compulsory to get a receipt from the Revenue Office to present to Immigration when he renews his retirement visa.

 

Plenty of people have speculated about this becoming the case without any foundation.  However, if it was going to happen anywhere Jomtien would be the place.

Just now, Upnotover said:

 

Plenty of people have speculated about this becoming the case without any foundation.  However, if it was going to happen anywhere Jomtien would be the place.

I renewed my extension 3 weeks ago. No mention. Others I know the same and there have been no confirmed reports on here.

2 minutes ago, giddyup said:

I'm 83, maybe I'm a bit slow, but do I need to something or nothing to satisfy the tax department or immigration?

Read the intro and or some more recent threads in the banking section. Only you can make the decision whether you need to or will file or not.

However currently there is no link between tax payment/receipt and renewing an extension.

2 minutes ago, topt said:

I renewed my extension 3 weeks ago. No mention. Others I know the same and there have been no confirmed reports on here.

I believe the cutoff (according to neighbor is April) so maybe it will only affect those going to renew after then? I know the neighbor said he did have to pay some tax on money that he'd transferred from the UK, 50,000 Baht I believe.

8 minutes ago, giddyup said:

I believe the cutoff (according to neighbor is April) so maybe it will only affect those going to renew after then? I know the neighbor said he did have to pay some tax on money that he'd transferred from the UK, 50,000 Baht I believe.

If he declared remittances to the TRD then they will have calculated tax. There have been some mixed reports as some Revenue offices don't seem to understand the impact of various DTAs and other offices simply say if you are receiving a pension then it is not taxable (sometimes correct but more often not) so go away.

 

This is why you need to read that introduction to at least understand the basics and make your own decision. However I repeat that currently there is no confirmed  direct link between Thai RD and Immigration.

26 minutes ago, giddyup said:

I believe the cutoff (according to neighbor is April) so maybe it will only affect those going to renew after then? I know the neighbor said he did have to pay some tax on money that he'd transferred from the UK, 50,000 Baht I believe.

If your neighbour is telling you stuff like this, move house, get a new neighbour! 

51 minutes ago, giddyup said:

I'm 83, maybe I'm a bit slow, but do I need to something or nothing to satisfy the tax department or immigration?

The elderly are panicking, do nothing, forget it, i did my extension last week, nothing was needed or said

Let's wait to April 9 when tax filing deadline is over to see if immigration asks for anything...

I presume that the allowances mentioned by topt above are per annum?

20 minutes ago, lungbing said:

I presume that the allowances mentioned by topt above are per annum?

 

yes, this allowances are per tax year / per person.