.png.3b3332cc2256ad0edbc2fe9404feeef0.png.8488ab72b8bb2e508209bfe3211b6e08.png)
-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
Popular Contributors
-
Latest posts...
-
51
Feeling a lot better today and back on the booze!
He was cleared of ALL charges your ignoramus. bob. -
51
Feeling a lot better today and back on the booze!
IMO the OP has fallen off the wagon so often he should put on a Michelin Man suit, to save himself from bruising. It would also help when he jumps to conclusions. -
83
Thailand Yet to Finalise Policy on Taxing Expats’ Overseas Income
At the beginning of the change of the savings-taxation and demand for foreigners' taxation, we were told that details would come later. Deadline is 31st March for 2024-tax year. Due to the official postings, tax-resident foreigners need to declare taxable income – i.e., anything earned after 1st January 2024 and transferred into Thailand, including ATM withdrawals on foreign cards – but can be credited already paid foreign income tax for those amounts that has already been taxed abroad and is covered by a DTA (Double Taxation Agreement). Bear in mind that DTAs are slightly different from country to country, so you need to check you own home country's DTA. A had a meeting – actually two, see more below – with the local revenue office director, who insisted that foreign already taxed income – for example retirement pension – shall be registered in the tax return form. However, income tax covered by a DTA shall be credited. Easy to be done online with E-filing... However, there seems to be a system-error. You can only mark "Overseas payers" if "Withholding tax" is 0.00. And if you place any amount in the "Withholding tax"-field, a Thai "Payer number for you" is needed. I've set my browser to translate the Thai characters in E-filling to English, which is why you see English in my screen dump. A second meeting with Big Boss in revenue department unveiled that it was impossible to credit foreign paid tax. The staff tried with access to my E-filling profile, and even a call to "someone important" up in Bangkok didn't solve the problem. If you need to deduct foreign withheld tax in accordance with a DTA, you need to fill in a paper P.N.D.90 tax return form – which has to be the one in Thai language and you name and address in with Thai characters; perhaps your local tax department in the Aphor-office might do it for you. You need to attach proof of paid tax in English or preferably Thai language. Now, your deductions are: 60,000 baht personal deduction 100,000 baht maximum deduction, taken as 50% of your income 190,000 baht if you are a 60 years or elder retiree 150,000 baht untaxed base ----------- 600,000 baht total; but can be little more if you are married and spouse no income, and have minor children with your spouse. The below screen dump shows the deductions in my E-filing-attempt... If you are 65 year or elder, and total taxable foreign transferred income is not more than around 600,000 baht, just fill in the tax return on E-filing and avoid any problems. Thai income tax begins with 5% of the first taxable 150,000 baht, so even if you taxable income is a little more than the tax free base, it might be worth just paying a few baht instead of making a P.N.D.90-paper tax return form; especially if you need paid help from an accountant of tax service agent. And remember that savings from before 1st January can be transferred free of tax. It might be a good idea to keep a home country tax office-statement of your savings by 31st December 2023. -
83
Former Minister Reveals Alleged Phuket Police Extortion Racket
Hm,... You are forgetting the thousands and thousands of innocent deaths killed by the police. The police will say they were drug dealers !! but they fabricated all proof !!! In fact it's a blueprint of what happened here in Thailand with Thaksin's war on drugs !! -
83
Former Minister Reveals Alleged Phuket Police Extortion Racket
Just refer them to Thailand's Anti-Corruption Commission ha ha -
26
Trans Tesla Vandal Arrested for Molotov Cocktail Attacks Amid Rising Tensions
It's called gender dysphoria for a reason.
-
-
Popular in The Pub
-
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now