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Revenue Department to amend tax on foreign income remittance

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46 minutes ago, motdaeng said:

 

just keep in mind, even the royal decree is getting through, the current tax law is still in place for at least till end of 2025 ... although not active enforced ... :smile:

 

Not a problem, I'm a non resident since last year at the moment and will be for some time.

But I may return full time depending on what any royal decree says, until them I'm strictly lower than 180 days per year.


The proposed Royal Decree is a game changer though.

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  • BritManToo
    BritManToo

    The only people that worried were the foolish and the obsessive. Clearly trying to tax foreign remittance would never work, as people would just stop remitting (like I did), or only live here und

  • anrcaccount
    anrcaccount

    Thanks for sharing.   Not only is this the flip flop many expected, it actually looks like it goes further and specifically exempts foreign income earned from being taxed - not only in the y

  • BritManToo
    BritManToo

    Where did I claim not to be foolish and/or obsessive?

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55 minutes ago, ukrules said:

The proposed Royal Decree is a game changer though.

Yes - it would be great if it happens.

 

I have lost track but did the finance minister who announced it get moved in the cabinet shuffle? Hopefully not but if yes then I have less confidence it will happen this year.

11 hours ago, anrcaccount said:

No, because it has never happened

Neither has the global warming, nor the end of the world... But I appreciate your rock solid argumentation.

46 minutes ago, topt said:

Hopefully not but if yes then I have less confidence it will happen this year.

Given the political trouble, it certainly looks less likely to happen now I would say.  But all these announcements have a limited credibility anyway.  A year or so ago, there was equally an announcement that full taxation of global income was planned and nothing happened.  So my base assumption would be that things stay as they are.

 

23 minutes ago, Peter Crow said:

Neither has the global warming, nor the end of the world... But I appreciate your rock solid argumentation.

You forgot to mention "tax enforcement" in the non-happening list.

 

1 hour ago, topt said:

Yes - it would be great if it happens.

I start thinking that constant contradictory announcements are meant to maintain the non-enforcement status quo. You can't practically enforce any rules that are ever changing.

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58 minutes ago, K2938 said:

Given the political trouble, it certainly looks less likely to happen now I would say.  But all these announcements have a limited credibility anyway.  A year or so ago, there was equally an announcement that full taxation of global income was planned and nothing happened.  So my base assumption would be that things stay as they are.

 

 

as far as i remember, they only talked (not planned) about global income tax ... :smile:

1 hour ago, motdaeng said:

as far as i remember, they only talked (not planned) about global income tax ... 

It was a plan announced by the previous director of the TRD as far as I remember.  So in substance pretty much the same level of authority as now the plan to go back to the tax-free remittance scheme

13 hours ago, Felton Jarvis said:

I keep up with this issue by watching Benjamin Hart's "Integrity Legal" YT channel. I'm convinced that most of us have nothing to worry about. If tax is due, i'll pay it and then trot over to Cambodia to live.


I also watch "Shouty" Benjamin's channel. He has done lots of videos over the past months on the current tax law. However since this possible reversal was announced in May, has hasn't done a video on itm which is odd. I wonder why that is? Is it because he now has the paid for newsletter where he will now cover such things?

4 hours ago, topt said:

Yes - it would be great if it happens.

 

I have lost track but did the finance minister who announced it get moved in the cabinet shuffle? Hopefully not but if yes then I have less confidence it will happen this year.


It was Panuwat Luengwilai, deputy director-general of the Revenue department,
 

 

5 hours ago, Millian said:


It was Panuwat Luengwilai, deputy director-general of the Revenue department,
 

 

Well looks like my memory was faulty however this article says it was his boss although I guess they could have both said it.......

https://www.nationthailand.com/business/economy/40050460

 

Quote

The department's director-general, Pinsai Suraswadi, revealed that the Revenue Department is reviewing changes to rules on foreign income brought into Thailand.

AN link - 

 

  • Popular Post
4 hours ago, K2938 said:

Good stuff from Reddit...

Depends whether you agree with what is being said I guess......

A quick read suggests just a rehash of stuff posted in all the major tax threads over the last 18 months on here but crucially ignores Savings clause pre 1/1/24 and although one poster mentions DTAs I could not see any discussion....

Plus this -

Quote
  • As foreigners, it's almost impossible to understand all of this, send the right documents/attachments to forms, and do this right. That's why it's highly recommended to talk with a Thai tax attorney.

Also one poster talks about contradictory statements from the tax advisers.......

:coffee1:

On 6/5/2025 at 8:22 PM, NoDisplayName said:

 

Every bank branch exists in its own universe, with its own set of rules.

 

Take whatever documentation you have.  Passport and pinkie or TIN card.  Yellow book if you got it.  Passport number does not appear on the refund letter.

 

Couple years ago, I took my first refund letter to KT but they would not issue cash.  Required to open an account for deposit.

 

Thems was the rules at my branch in my town on that day with that day's clerk.  YKMV!

 

Yep. Different rules. I went to Krung Thai with the letter, my passport, my Pink ID and my Krungsri account passbook on which I have Prompt Pay. They would not pay out. They said I had to go to Krungsri to register my account with my TIN. Went to Krungsri next door, (who initially wanted me to go back to Krung Thai). Anyway, they said as my Prompt Pay with them was registered with my phone number, they could not accept my TIN. My account ID is my passport, so not sure whether that clashes.

 

Anyway, obviously a system designed in a vacuum to reality.

 

I suppose the only option left is to open a Krung Thai account.

 

Or just bin the refund letter. I am past caring.

3 hours ago, samtam said:

 

Yep. Different rules. I went to Krung Thai with the letter, my passport, my Pink ID and my Krungsri account passbook on which I have Prompt Pay. They would not pay out. They said I had to go to Krungsri to register my account with my TIN. Went to Krungsri next door, (who initially wanted me to go back to Krung Thai). Anyway, they said as my Prompt Pay with them was registered with my phone number, they could not accept my TIN. My account ID is my passport, so not sure whether that clashes.

 

Anyway, obviously a system designed in a vacuum to reality.

 

I suppose the only option left is to open a Krung Thai account.

 

Or just bin the refund letter. I am past caring.

 

i had to solve a similar problem helping an elderly lady, and it took several bank appointments. she wanted to get several thousand baht of withholding tax refunded. in the end, we ad to open a new bank account at krungthai bank for her, and she received the full tax refund.. now, this lady should no longer have any issues claiming back the withholding tax in the future ...

 

my tip: even though it's tedious and time-consuming, the bureaucratic monster in thailand can be defeated ... :smile:

2 hours ago, motdaeng said:

 

i had to solve a similar problem helping an elderly lady, and it took several bank appointments. she wanted to get several thousand baht of withholding tax refunded. in the end, we ad to open a new bank account at krungthai bank for her, and she received the full tax refund.. now, this lady should no longer have any issues claiming back the withholding tax in the future ...

 

my tip: even though it's tedious and time-consuming, the bureaucratic monster in thailand can be defeated ... :smile:

 

Yes, I think opening an account with Krung Thai is the only solution, and I imagine that is a joy unto itself, (potentially with documentation that is verging on the too hard); I don't know whether they would accept Yellow Book, Passport, Pink ID etc. Getting a proof of address from IMM is really self-defeating, as it costs more than the WHT.

37 minutes ago, samtam said:

 

Yes, I think opening an account with Krung Thai is the only solution, and I imagine that is a joy unto itself, (potentially with documentation that is verging on the too hard); I don't know whether they would accept Yellow Book, Passport, Pink ID etc. Getting a proof of address from IMM is really self-defeating, as it costs more than the WHT.

Krungsri cash in my tax checks into my account with no problem. If i remember correctly it states on the paper that comes with the check that you can cash it in any bank

Screenshot_20250711_192838_Google.jpg

16 hours ago, offset said:

Krungsri cash in my tax checks into my account with no problem. If i remember correctly it states on the paper that comes with the check that you can cash it in any bank

Screenshot_20250711_192838_Google.jpg

 

As previously mentioned, my letter, not cheque (check) states these 3 options to receive the funds; it turns out 3 is not available, and 1 and 2 are open to interpretation, in as much as "identify by national ID" is not specified. I showed both my passport and my Thai Pink ID card, but that was of no interest:

 

It would be wonderfully simple if they just sent me a cheque, (or even credited my account through Prompt Pay), but that does not seem to be an option they are offering.

 

 

TRD Krung Thai Letter.jpg

  • 5 weeks later...

I have looked around for any updates on this. I have not found anything useful, I mentioned it to my accountant last week and she knew nothing new. I am just 50.000 baht below my 550,000-baht tax allowance threshold. As some other posters mentioned - it looks like this is here until the end of the year at least so I will need to do something creative to avoid going over my limit. Does my assessment sound about right? Thanks for your thoughts.

28 minutes ago, AdamWest1974 said:

I have looked around for any updates on this. I have not found anything useful, I mentioned it to my accountant last week and she knew nothing new. I am just 50.000 baht below my 550,000-baht tax allowance threshold. As some other posters mentioned - it looks like this is here until the end of the year at least so I will need to do something creative to avoid going over my limit. Does my assessment sound about right? Thanks for your thoughts.

 

  What is the source of your income?  Is it assessable under Thai tax law?  Does your home country have a DTA with Thailand?

Hi TheAppletons thanks for your reply. 

 

To keep it simple I am just trying to keep the amount I transfer to my Kasikorn Bank account from the UK under my limit - 550,000 baht. 

 

I will then not fill in a tax form.

 

I did not fill in a tax form last year.

 

If I were investigated, I would then get a fine for not filling in a tax form perhaps - there is a lot of debate if you even need to fill in a tax form if your tax bill is zero.

 

I was more interested if anybody had any latest information on the law being amended as mentioned in the title of this thread.

 

Thanks again for your reply

 

 

 

 

 

 

53 minutes ago, AdamWest1974 said:

I have looked around for any updates on this. I have not found anything useful, I mentioned it to my accountant last week and she knew nothing new. I am just 50.000 baht below my 550,000-baht tax allowance threshold. As some other posters mentioned - it looks like this is here until the end of the year at least so I will need to do something creative to avoid going over my limit. Does my assessment sound about right? Thanks for your thoughts.

Although no real concrete news, there was an article on it in the Pattaya Mail on 5th August that says the Revenue Department is "finalizing legislation to appear in the Royal Gazette" so will hopefully will get some confirmation soon... 

 

https://www.pattayamail.com/latestnews/news/upbeat-expat-news-on-foreign-income-taxes-coming-soon-512744

  

Edit: Integrity Legal has a video discussing the article...

 

SamSpade, that is brilliant news. 

 

I live in Pattaya, so I am a bit miffed that I did not find that myself. 

 

Even more annoying is it mentions an article in the Bangkok Post. 

 

I did not find that either unless it is referring to the article from May?

 

Thanks again

 

 

 

 

19 minutes ago, AdamWest1974 said:

To keep it simple I am just trying to keep the amount I transfer to my Kasikorn Bank account from the UK under my limit - 550,000 baht. 

 

Under the current law, you would only include ASSESSABLE income in your PIT calculation.

 

US social security is NOT assessable.  

Many pensions per individual DTA are NOT assessable.

(some are taxable, must read YOUR DTA)

Pre-2024 savings is NOT assessable.

 

You can remit as much of the above with no tax worries.

10 minutes ago, AdamWest1974 said:

SamSpade, that is brilliant news. 

 

I live in Pattaya, so I am a bit miffed that I did not find that myself. 

 

Even more annoying is it mentions an article in the Bangkok Post. 

 

I did not find that either unless it is referring to the article from May?

 

Thanks again

 

 

This is the article from Bangkok Post... https://www.bangkokpost.com/business/general/3081357/Thailand

 

It caused some concerns as it starts of by mentioned that Thais will be exempt, but as you read on I'm pretty sure that it applies to all Thai Tax Residents I.e. anybody who spends >179 days here in a tax year.

 

Hopefully we'll find out in the next couple of weeks 🙂 

 

Thanks NoDisplayName for your reply.

 

I am from the UK,

I am trying to keep it simple and just stay below my 550,000 baht limit.

No need then to prove anything about my income.

Nice and simple.

Thanks again SamSpade.

How did I miss that!!!

Yes, I am going to delay buying the stuff for the garden until the end of September.

That should maybe be enough time for this to be implemented.

It will also mean I have a reason to explain to my wife WHY I cannot do the work in the garden this month.

 

4 minutes ago, AdamWest1974 said:

It will also mean I have a reason to explain to my wife WHY I cannot do the work in the garden this month.

 

Smart man.

 

I made the misteak of discussing Thai tax policy with my wife, leaving no excuse to avoid buying that rai of land by the beach.

8 minutes ago, AdamWest1974 said:

Thanks NoDisplayName for your reply.

 

I am from the UK,

I am trying to keep it simple and just stay below my 550,000 baht limit.

No need then to prove anything about my income.

Nice and simple.

As you're from the UK (as am I) it's worth noting that under the UK:TH Double Taxation Agreement, Thailand can't apply taxes to us that it doesn't apply to Thai citizens which is why I'm quietly confident that we'll be included in any changes they make...

 

Article 24 Non-discrimination
(1) The nationals of a Contracting State shall not be subjected in the other Contracting State to any taxation or any requirement connected therewith which is other or more burdensome than the taxation and connected requirements to which nationals of that other State in the same circumstances are or may be subjected.

 

https://assets.publishing.service.gov.uk/media/5a80bddc40f0b623026953eb/uk-thailand-dtc180281_-_in_force.pdf

 

 

32 minutes ago, AdamWest1974 said:

Even more annoying is it mentions an article in the Bangkok Post. 

 

I did not find that either unless it is referring to the article from May?

 

Here's the AN thread in the news section and subsequent discussion following that recent BP article.

 

https://aseannow.com/topic/1368822-tax-break-bonanza-thais-to-benefit-from-new-foreign-income-rule/

 

Thanks Treetops.

I realise now why I missed these stories.

I did my weekly search on this subject last Sunday.

I do it just once a week and may have spotted them had I done my usual search today BEFORE posting.

Thanks again

 

 

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