https://www.thephuketnews.com/all-thais-to-be-required-to-file-taxes-from-2027-97281.php

 

In topics of foreigners paying taxes in Thailand it is often said most Thais do not file tax returns. I found it interesting that this may change. 

Lol, that's not going to happen.

The beginning of the end.

End of cheap street food, accommodation etc etc

2 minutes ago, biervoormij said:

https://www.thephuketnews.com/all-thais-to-be-required-to-file-taxes-from-2027-97281.php

 

In topics of foreigners paying taxes in Thailand it is often said most Thais do not file tax returns. I found it interesting that this may change. 

 

 

I think the you might be correct......this may change.......this is Tuesday's tax policy.....let's hang back and see what Wednesday's policy is.

Only fools and Thailand take one 🤔

Even those with a miserable income of which there are many?

1 hour ago, 3NUMBAS said:

Even those with a miserable income of which there are many?

From the story on Phuket News.

 

"BANGKOK: The Ministry of Finance has announced that every Thai citizen will be required to file personal income tax returns starting in 2027 as part of a sweeping reform aimed at creating a fairer and more efficient welfare system under the new ‘Negative Income Tax’ scheme."

 

Sounds to me like if someone is getting social assistance from the government they will have to file a tax return but if they have a  miserable income they will not have to pay any taxes. 

 

I do not qualify for the Thai welfare system so does not impact me but if all Thais have to file a tax return maybe foreigners that live here more than 180 days will be next. It is 2 years away so I am not going to worry about it at this point but found it interesting and I had not seen anything about it on Aseannow.

 

Well it would solve any unemployment problem with the number of employees need to process the returns. Can just imagine it.

1 hour ago, biervoormij said:

All Thais to be required to file taxes from 2027

Yeah right, good luck with that one as most will end up being deadbeat tax evaders with no enforcement.

18 minutes ago, biervoormij said:

I do not qualify for the Thai welfare system so does not impact me but if all Thais have to file a tax return maybe foreigners that live here more than 180 days will be next. It is 2 years away so I am not going to worry about it at this point but found it interesting and I had not seen anything about it on Aseannow.

 

 

maybe you are not aware of this, but money transferred (as a tax residenz in thailand) from abroad to thailand has generally been subject to taxation since 2024 ... nothing new about that ... 

A different site has a story about this and states that "Citizens wishing to receive welfare benefits will need to submit a tax return. If their income exceeds the threshold, they will pay taxes; if it falls below, they will receive welfare support." 

 

I guess Thais that don't want welfare do not have to file a tax return.

 

https://www.nationthailand.com/business/economy/40054024

 

 

28 minutes ago, biervoormij said:

but found it interesting and I had not seen anything about it on Aseannow.

The original article I think was in the Bangkok Post and someone posted links in one of the threads (news/tax) on Sunday where it was discussed.

Strange it hasn't been picked up and posted directly by AN.....

Edit - or it may have been Thai Examiner.......?

2 minutes ago, motdaeng said:

 

maybe you are not aware of this, but money transferred (as a tax residenz in thailand) from abroad to thailand has generally been subject to taxation since 2024 ... nothing new about that ... 

Yes I am aware of this but my understanding this is not being enforced . Also it is only income that is subject to tax. I remit saving so do not file a tax return but still try and follow what is going on with taxes. I do not want to have to file a tax return and get into what is income and what is savings.

28 minutes ago, topt said:

The original article I think was in the Bangkok Post and someone posted links in one of the threads (news/tax) on Sunday where it was discussed.

Strange it hasn't been picked up and posted directly by AN.....

Edit - or it may have been Thai Examiner.......?

Thanks for the info. I did a search on Aseannow looking for a thread on this before posting but missed it. 

 

I have attached the thread I just found.

 

It would be OK to close this thread since there is another one but not sure how to close it.

 

 

17 hours ago, motdaeng said:

 

...  money transferred (as a tax residenz in thailand) from abroad to thailand has generally been subject to taxation since 2024 ... nothing new about that ... 

 

Absolutely true IMHO, albeit with many caveats. 

 

If the money transferred AFTER 1-Jan-2024 can be shown to be savings from BEFORE 1-Jan-2024, then even thou remitted to Thailand in future years, the Thai RD ministerial documents POR.161.162 say its not taxable by Thailand (and hence likely not to be included in the Thai tax calculation).

 

Further if such income is excluded Thai taxation under the DTA between Thailand and the source country of the income, then it is not taxable by Thailand and likely need not be included in the Thai tax calculation. Examples here are most foreign civil-servant/military pensions, when the money is remitted to Thailand are not taxable by Thailand.  I say 'most' as it really depends on the wording of the DTA between Thailand and the pension income source country.  Often foreign state pensions (which are not civil-servant nor military) are taxable in Thailand, but again it depends on the relevant DTA.

 

I say "often" above , but it is not 'always'. 

 

For example, the Canada-Thai DTA makes it clear Thailand can not tax any Canadian pensions nor similar Canadian remunerations (ie Canadian OAS, CPP, company pensions, RRIF income, RRSP income are not taxable by Thailand and likely not to be included in the Thai tax calculation).

 

Given there are MANY different DTAs, i find this all a bit confusing to know exactly what applies unless on knows the very specific ins-and-outs of their own situation.