Taxable income threshold amount.

[notrub]

08 05 2025

 

I have been living in Thailand for a number of years with a non 'o' retirement visa.  I am married to a Thai woman and we live in the rural Isaan village of her family.  I had some cash so I bought land, gave it to wife and have use of it via an usufruct contract.  On this land I built a house, a pool and other buildings for our use.  We have no children from this relationship.  Everything we have is paid for and now we live on my (very) small pension. I have enough funds on deposit to renew my retirement visa but that is it as far as money goes.

 

My question is about the level at what level my income becomes taxable, please?   Would 'windfall payments' of 100,000 THB be taxable if this money had been taxed at source already?  I speak about accumulated tax refunds (over payment) from the country where my pension comes from.

 

Thanks in advance for any comments🙏

 

 

 

 

[treetops]

Forget about it.

 

Unless you go insisting to pay and your local tax office fancies taking you for a ride you'll never be bothered by the taxman as things stand.

[topt]

1 hour ago, notrub said:

Thanks in advance for any comments

If you haven't looked at the link below it may help you understand the theory at least.

Unfortunately almost none of the info you provided in the first post is that relevant......saying that I don't necessarily disagree with the first reply above.....

 

Even if you only read the first page it should give you a basic understanding.

 

 

[notrub]

Thank you Tpot and Treetop,  here is an email from krungthai bank.  I have not responded to this.  I am here on a UK passport and have zero to do with the us. Is this safe to ignore?

 

URGENT: Please contact your nearest or most convenient Krungthai Bank Branch as soon as possible to update your accounts maintained with us. As required by the Common Reporting Standard (CRS) and the Foreign Account Exchange Compliance Act (FATCA), after review of your account information, you may be a tax resident of a CRS participating and/or reportable jurisdiction or a United States person under FATCA or the information submitted by you to the Bank contains incorrect and/or incomplete information in accordance with CRS and/or FATCA requirements. For more information, please contact the Krungthai Contact Center at +662-111-1111

 

Also, I am over 65 and married.  All other considerations aside it seems that I have a 310,000 basic plus another 150,000 on the bottom line.  Is this correct(ish)?

 

Thanks very much for your comments🙏

[treetops]

7 hours ago, notrub said:

URGENT: Please contact your nearest or most convenient Krungthai Bank Branch as soon as possible to update your accounts maintained with us. As required by the Common Reporting Standard (CRS) and the Foreign Account Exchange Compliance Act (FATCA), after review of your account information, you may be a tax resident of a CRS participating and/or reportable jurisdiction or a United States person under FATCA or the information submitted by you to the Bank contains incorrect and/or incomplete information in accordance with CRS and/or FATCA requirements. For more information, please contact the Krungthai Contact Center at +662-111-1111

 

Many people got these messages and it's a box ticking exercise for the banks, but I would probably go in next time I'm close if I were you and sign the forms.  There's a few threads on here about the procedure if you can find them.