Work Permit Renewal
-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
Popular Contributors
-
Latest posts...
-
1
Accident Man Injured by 40kg Tuna Falling from Ship in Bizarre Accident
What’s the golden rule ??? …… “never be under a suspended load” So many avoidable incidents if only the obvious basics are followed. -
13
Accident Another Construction Mishap on Rama II Road Causes Vehicle Damage
Yep 100% - there are people out there who will never drive on or near that road again. -
1,175
Introduction to Personal Income Tax in Thailand
I read an article on Pattaya Mail recently - they interviewed a lot of Expats and asked them what they were doing about 'the income tax issue'. The responses they got were - Never heard of it - Not on your life - Doesn’t apply to me - The Tax office said “Go Away”. Some Expats admitted using a tax consultant because they felt threatened, and some said they already have a work permit and pay taxes now. The vast majority are not getting a TIN and are not lodging anything, because they view that they are getting non-taxable money (Pensions) - and/or the money they bring in has already been taxed and is largely savings made from years of working - and/or with all the allowances and deductions available they do not have to pay any income taxes. I recently saw a youtube interview that included a senior tax official, and she said that she believes that Thailand will follow the lead of all their neighbours and exempt Govt Pensions from being taxable (which she thinks are exempt anyway). She also indicated that as with Malaysia. Indonesia and The Philippines, they will probably also exempt any money already subjected to the taxation system of the Expat's home/source country. I very much liked her opinions and views, not only because she was saying 'good' things, but also because she knew what a DTA was and knew the details. She said to the interviewer in response to a question about taxing Pensions (paraphrase) - 'No that will probably not be taxed - because under all DTAs all foreign tax residents in Thailand are entitled to the same rights and privileges under Thai tax laws as afforded to Thais, and Thai citizens do not pay income taxes on any Govt Pension or payment. Therefore under International Tax Laws and DTAs, Thailand cannot tax Govt Pensions or any Govt payment'. In summary it was agreed that if any Expat (tax resident) is earning income that is taxable in Thailand, then they should get a TIN and lodge a tax return. But it was clear to me that if an Expat reasonably believes they are not bringing any taxable income into Thailand, then they do not have to lodge a tax return. That situation will change if they are earning income overseas but do not bring it into Thailand, if/when Thailand goes to a global taxation model (as do most other countries do). The suggestion by the interviewer that it might be safer to lodge a return just in case, was agreed to by the Expat tax consultant (of course), but it was not actually agreed to by the Official - she said nothing. Instead she gave a commitment that over time TRD will provide a lot more clarity about what is taxable and what is not taxable. Plus she noted that there was not a place in the 2025 tax return to advise the amount of any Govt Pension received, because Thais dont pay income taxes on Pensions. The Expat tax consultant (IMO to drum up fear/business) said that it could be done in a separate letter attached to the tax return - the Thai official said nothing and just looked away (and we know what that means). As for a long time now - I am waiting and watching before doing anything. I know Government enough to know that if you file a document once, they will wonder why you have not done it again the next time around. If as the Thai Tax Official indicated (both verbally and non-verbally), I am not required to file a tax return in the future, then it would be wise not to file one now. Plus I have written advice from a tax company that I do not have to file a tax return because I do not have to pay income taxes based on the money I remitted and my allowances and exemptions - their caveat being 'under the current tax filing directives from TRD'. Given somewhere about 20-30 million Thais dont lodge a tax return on the same basis - I accept that advice. -
242
Another win for Trump (breaking news)
And yet, in a discussion about the Russia/Ukraine issue, it's somehow irrelevant that far worse than Western media, far far worse than Ukrainian media, is the Russian media. In terms of credibility, independence, and integrity. Propaganda? World class. COVID scam? They had that, and add in the "Sputnik V" injection that they foisted on a captive audience... with no lab testing! And if you don't subscribe to Putin's fantasies, you're not only a fascist, you're in jail or dead. Just thought I'd add some perspective FOR THE GUYS WHO DEFINITELY DON'T SUPPORT RUSSIA. -
-
38
Crime Australian Man Detained for Carrying Grenade Rounds at Phuket Airport
There is no mention the rounds were live or that he flew from Australia.
-
-
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