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Thailand Wants to Link Your Immigration, Hospital, and Bank Records

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38 minutes ago, EVENKEEL said:

Does your US bank ask you for your TIN? Mine don't. I pay federal US taxes on all my money and I don't work in Thailand.

No.

Irrelevant because as I said Thai banking info is shared

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  • DrJack54
    DrJack54

    Irrelevant nonsense

  • BritManToo
    BritManToo

    How did the Thai 'legal experts' work out for all those foreigners buying land/business in nominee names?

  • EVENKEEL
    EVENKEEL

    Specifically foreign lawyers taking advantage of gullible expats such as the latest tax scare. Most of us remember Mike Lister who was a front man for the crusade here on AS.

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9 minutes ago, Jingthing said:

No.

Irrelevant because as I said Thai banking info is shared

Shared with whom?

Every banking institution in the US?

1 hour ago, EVENKEEL said:

Shared with whom?

Every banking institution in the US?

No.

To the IRS.

In some countries directly to the IRS.

In others first to the local tax authority and they send to the IRS.

2 hours ago, EVENKEEL said:

Does your US bank ask you for your TIN? Mine don't. I pay federal US taxes on all my money and I don't work in Thailand.

Same.

  • Author
9 hours ago, EVENKEEL said:

How does your bank back home have any idea about Thailand?

You need to file as a non-resident when you are out of the country more than half the year. So then the bank issues non-resident tax forms, which are structured differently. Not sure exactly how it works. But the tax rates are different than a resident tax form.

So they want to know where I am a tax resident.

It depends if you have investments.

I just read your post above. Well, if your bank doesn't ask for your TIN, then you don't need to reveal anything. Mine did. Not sure why some banks do and some don't.

Or maybe you don't need to file as a "non-resident" back home? Maybe there are ways around it?

Edited by save the frogs

  • Author

I just queried ChatGPT and it depends on your country:

ChatGPT:

being physically in Thailand doesn't automatically establish Thai tax residency for every year. The two countries' domestic rules and the treaty between Thailand and your country can matter.

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10 minutes ago, save the frogs said:

You need to file as a non-resident when you are out of the country more than half the year. So then the bank issues non-resident tax forms, which are structured differently. Not sure exactly how it works. But the tax rates are different than a resident tax form.

So they want to know where I am a tax resident.

It depends if you have investments.

I just read your post above. Well, if your bank doesn't ask for your TIN, then you don't need to reveal anything. Mine did. Not sure why some banks do and some don't.

Or maybe you don't need to file as a "non-resident" back home? Maybe there are ways around it?

I don't know. I don't talk about staying in Thailand with any banking people. The conversation never comes up except when I transfer money to Thailand from my US bank. My US state doesn't have state tax, so I'm not claiming anything.

Everybody's situation is different I guess.

1 hour ago, EVENKEEL said:

I don't know. I don't talk about staying in Thailand with any banking people. The conversation never comes up except when I transfer money to Thailand from my US bank. My US state doesn't have state tax, so I'm not claiming anything.

Everybody's situation is different I guess.

I use WISE (money service provider) so my UK bank and the UK government can't easily see where I transfer my money.

  • Author
5 minutes ago, BritManToo said:

I use WISE (money service provider) so my UK bank and the UK government can't easily see where I transfer my money.

I think your govt knows you are not living there.

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23 hours ago, save the frogs said:

you'd think he doesn't need to make videos just for clickbait.

Nope, he needs to make them to drum up business for Integrity Legal.

19 hours ago, Palatus said:

As a source of information I would look for unbiased media elsewhere.

Preferably in the form of an accountant with no axe to grind.

23 hours ago, Ricohoc said:

the government can do whatever it wants to do.

Not just the Thai government but our home country governments as well.

23 hours ago, BritManToo said:

Most of the 'Tax advice' I see given to foreigners looks shady to me.

well I by an measure am not a legal, banking or investment expert but I can read, I do understand double taxation agreements between the governments and i follow closely the immigration regulations since I can read. I have worked here previously and since retiring some 20+ years ago, have not had any problems whatsoever. But I do read on the forum and in local news papers how so many folks are scammed (both foreigners and locals) and I don't understand the buying of property by nominee so would never consider that. I think many of these new regulations/restrictions are coming about due to illegal activities including with foreigners too. Whatever comes down, I will follow the laws as this is their country and being from the US I have seen a ton of changes throughout my life too.

Probably not a bad idea with the amount of deadbeats not paying their hospital bills.

NOW, if we could implement this in America to all the illegal aliens using the emergency room as their personal doctor’s office . Courtesy of Uncle Sam.

22 hours ago, worgeordie said:

Dick the Butcher had it right when he said , “The first thing we do is, let’s kill all the lawyers.” ,

even in the UK you cannot trust them , two times I have been involved with lawyers ,one did

not represent me well in court , another one stole my proccendings from the sale of a house

and warehouse ,as well as several other of his clients , he got 9 year ,I lost my money...

regards Worgeordie

that was my impression too about the foreigner purchasing a condo through a nominee in that the lawyers said all was legal yet the foreigners lost out.

4 hours ago, BritManToo said:

I use WISE (money service provider) so my UK bank and the UK government can't easily see where I transfer my money.

As an American don't you have to provide your actual address for the banks, after all with banks sharing account info between countries via CRS?

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1 minute ago, Presnock said:

As an American don't you have to provide your actual address for the banks, after all with banks sharing account info between countries via CRS?

As a Brit I left my address (with bank, HMRC, DWP) as the house I was renting in 2009. Nobody has ever checked, no idea who lives there now.

Edited by BritManToo

4 hours ago, BritManToo said:

I use WISE (money service provider) so my UK bank and the UK government can't easily see where I transfer my money.

They can.

If they want to.

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2 minutes ago, hotandsticky said:

They can.

If they want to.

And why would they want to. He's not Raymond Reddington

Just now, hotandsticky said:

They can.

If they want to.

Most government officials are lazy, stupid, and incompetant.

It's too much effort for them to do anything beyond the bare minimum.

And I'm happy enough with that.

Hard for anyone to prove I've broken any laws, ever.

And if they ever catch me out before I die, failing to update my address probably isn't that big a criminal offense.

I did ask Google, and the only offense could be not notifying DVLC (1,000 pound fine), but I don't have a UK D/L.

Edited by BritManToo

20 minutes ago, BritManToo said:

Most government officials are lazy, stupid, and incompetant.

It's too much effort for them to do anything beyond the bare minimum.

And I'm happy enough with that.

Hard for anyone to prove I've broken any laws, ever.

And if they ever catch me out before I die, failing to update my address probably isn't that big a criminal offense.

I did ask Google, and the only offense could be not notifying DVLC (1,000 pound fine), but I don't have a UK D/L.

A very dated post.

AI isn't lazy.

What do you think is behind the recent massive crackdown on real estate nominee schemes?

Yes Thailand is rapidly becoming more dystopian but your home country probably is as well.

  • Author
34 minutes ago, BritManToo said:

Nobody has ever checked, no idea who lives there now.

That guy who lives there now is probably getting audited.

  • Author
Just now, Jingthing said:

What do you think is behind the recent massive crackdown on real estate nominee schemes?

It might be pressure from the OECD (ie western countries)

1 minute ago, Jingthing said:

A very dated post.

AI isn't lazy.

What do you think is behind the recent massive crackdown on real estate nominee schemes?

Yes Thailand is rapidly becoming more dystopian but your home country probably is as well.

I don't own anything in Thailand, why would they care about anything beyond my VISA extension?

1 minute ago, save the frogs said:

That guy who lives there now is probably getting audited.

Unlikely as HMRC take whatever tax they want from my pensions before it gets to me.

And I'm not required to file any further tax information (unless I want some back).

So many people see their government as some overseeing god, when the reality is, they're fairly incompetent, and you need to really go out of your way to attract their attention.

Edited by BritManToo

1 minute ago, save the frogs said:

It might be pressure from the OECD (ie western countries)

Not the nominee crackdown.

That's clearly about Thai nationalism.

2 minutes ago, BritManToo said:

I don't own anything in Thailand, why would they care about anything beyond my VISA extension?

I mentioned a scenario before

19 hours ago, Ricohoc said:

I am still required to file in the US whether I'm a resident or not, but not state taxes.

My banks and investment houses do not withhold anything. It is up to me to file every year with the IRS and declare. Additionally, none of them ask or care about whether or not I pay taxes in any other country; but I am required to file an FBAR every year on any funds over $10,000 US in any foreign banks.

I have contacted and consulted with two separate Thai tax attorneys in BKK. Based on my Social Security and the fact that I have about 500,000 baht in deductions aside from that, both attorneys told me that I do not owe taxes as a result of those two situations. They further advised that I do not have to file under the current tax law in Thailand because I do not owe anything. Neither one charged me an exorbitant rate, and both provided me with their private numbers and emails for further consultation if necessary.

There is also the issue that there have been mixed signals from local tax offices. Some say if you don't owe, you don't file. Some even go so far as to refuse to issue a TIN if you don't owe.

TIT. What happens for you or me or anyone else today, may not happen for any of us tomorrow -- or maybe for only one of us.

Hello Ricohoc:

I, too, have been researching what my potential Thai tax liability is and whether I should apply for a Thai tax id number and preemptively file a Thai tax return even though I appear to have no Thai tax liability, mainly due to the fact that I do not anticipate having any remittances from overseas for at least the next 3 years. According to my research, my social security is shielded from Thai taxation by article 20 of the 1996 US-Thailand double taxation treaty. The one important step I have taken is to segregate my Social Security income from my other overseas accounts so that there is no commingling of funds and there is a clear paper trail that the funds are social security income only.

I have decided not to preemptively file a Thai tax return even though I have no tax liability, following the school of thought that by doing so, I may end up putting myself unneccessarily on the Thai Revenue Dept's radar. Also, because filing a preemptive tax return would require applying for a Thai tax id number, I am hesitant to go through this process because I live in a rural area, and I suspect there aren't that many non-Thais applying for a Thai tax id number in my area, and I am apprehensive that I might run into a bureaucratic buzzsaw by applying for a tax id number, so I'm going to hold off until such time as I actually need to file a Thai tax return. My understanding is that if the only funds a US citizen remits to Thailand are social security, which are exempt from Thai taxation, there is no need to file a tax return, HOWEVER that foreign remittance of social security could trigger a Thai Revenue Dept audit, and because the burden of proof rests with you, you have to maintain a rock-solid paper trail to prove that the remitted funds are social security benefits, which is why I am setting up a separate bank account for social security benefits only. Cheers.

Edited by Gecko123

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36 minutes ago, Jingthing said:

A very dated post.

AI isn't lazy.

What do you think is behind the recent massive crackdown on real estate nominee schemes?

Yes Thailand is rapidly becoming more dystopian but your home country probably is as well.

It's only dystopian in your head. If you stick to the facts instead of indulging in endless speculation about what may happen and winding others up with that headless chicken nonsense, you can have a pretty sweet life as an expat in Thailand. Try it.

1 minute ago, Caldera said:

It's only dystopian in your head. If you stick to the facts instead of indulging in endless speculation about what may happen and winding others up with that headless chicken nonsense, you can have a pretty sweet life as an expat in Thailand. Try it.

That isn't a logical argument.

That's dime store psychology.

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