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Hi all,

I will be moving over to bangkok from Australia in a couple of months starting off on a ED visa for 1 year (is approved) and am marrying in april.My fiancee and i will be starting our family very soon and i do plan on staying for a good number of years raising a family.

What im in the process of doing now is sorting out all my assets (selling cars,bikes,buying investments etc) but what im unsure of is if i have to pay tax in Thailand on a pension that comes from o/seas? If so what is the tax rate ???

For the first year do i have to worry about tax if on student visa? I do know after my student visa expires and i am on a marriage visa i have to have 40,000bht a month coming in is it possible to have a bank like

HSBC for that money or does it have to be siam or bangkok etc?

Any help will be much appreciated! :o

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Hi all,

I will be moving over to bangkok from Australia in a couple of months starting off on a ED visa for 1 year (is approved) and am marrying in april.My fiancee and i will be starting our family very soon and i do plan on staying for a good number of years raising a family.

What im in the process of doing now is sorting out all my assets (selling cars,bikes,buying investments etc) but what im unsure of is if i have to pay tax in Thailand on a pension that comes from o/seas? If so what is the tax rate ???

For the first year do i have to worry about tax if on student visa? I do know after my student visa expires and i am on a marriage visa i have to have 40,000bht a month coming in is it possible to have a bank like

HSBC for that money or does it have to be siam or bangkok etc?

Any help will be much appreciated! :o

If you are not a Thai Resident , you do not have to declare any overseas income, for Banking ,just use any offshore bank with a ATM card for you money needs, HSBC , Hangseng bank etc,

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  • 2 weeks later...
<br />
Hi all,<br /><br />I will be moving over to bangkok from Australia in a couple of months starting off on a ED visa for 1 year (is approved) and am marrying in april.My fiancee and i will be starting our family very soon and i do plan on staying for a good number of years raising a family.<br />What im in the process of doing now is sorting out all my assets (selling cars,bikes,buying investments etc) but what im unsure of is if i have to pay tax in Thailand on a pension that comes from o/seas? If so what is the tax rate ??? <br />For the first year do i have to worry about tax if on student visa? I do know after my student visa expires and i am on a marriage visa i have to have 40,000bht a month coming in is it possible to have a bank like <br />HSBC for that money or does it have to be siam or bangkok etc?<br /><br />Any help will be much appreciated! <img src="style_emoticons/default/biggrin.gif" style="vertical-align:middle" emoid=":o" border="0" alt="biggrin.gif" />
<br />If you are not a Thai Resident , you do not have to declare any overseas income, for Banking ,just use any offshore bank with a ATM card for you money needs, HSBC , Hangseng bank etc,<br />
<br /><br /><br />

just wondering what is correct in this specific threat starters case : dont you become a thai resident by staying in thailand more than 180 days ?

is this nothing to worry since nobody will bother 1 year non-immi ED visa holders about income tax anyway, not even the thai immigration when filing the 90 day residency report and exceeding the 180 days total stay after two times reporting ?

btw, are there visa runs necessary for one year non immi ED visas. every 90 days ? Or is reporting to local immigration (closest to where one lives) (without going to the border) all that needs to be done ?

TIA

ps: what is meant by offshore bank. just any outside of thailand ? And would it make any difference if there are transcations from abroad account to thai account, and later withdrawl from there, instead ATM cash withdrawl from offshore account?

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Hi all,

I will be moving over to bangkok from Australia in a couple of months starting off on a ED visa for 1 year (is approved) and am marrying in april.My fiancee and i will be starting our family very soon and i do plan on staying for a good number of years raising a family.

What im in the process of doing now is sorting out all my assets (selling cars,bikes,buying investments etc) but what im unsure of is if i have to pay tax in Thailand on a pension that comes from o/seas? If so what is the tax rate ???

For the first year do i have to worry about tax if on student visa? I do know after my student visa expires and i am on a marriage visa i have to have 40,000bht a month coming in is it possible to have a bank like

HSBC for that money or does it have to be siam or bangkok etc?

Any help will be much appreciated! :o

If you are not a Thai Resident , you do not have to declare any overseas income, for Banking ,just use any offshore bank with a ATM card for you money needs, HSBC , Hangseng bank etc,

correct me if i'm wrong but according to various information in Thaivisa he has to pay (a rather small amount of) income tax on the 40k Baht/month as this is the basis for a marriage visa and its extension.

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NO! TAX you do not have to pay any tax here other than the VAT tax on purchases. I have lived here for years and have 2 pensions deposited to my bank in America. I do not pay any tax to Thailand because of what I earn somewhere else :o

Jim from Sa Kaeo

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NO! TAX you do not have to pay any tax here other than the VAT tax on purchases. I have lived here for years and have 2 pensions deposited to my bank in America. I do not pay any tax to Thailand because of what I earn somewhere else :o

Jim from Sa Kaeo

are you living in Thailand on a marriage visa based on an income of 40,000 Baht a month???

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Unless the rule has recently changed there is no tax due in Thailand on income from outside of Thailand that is over one year old.

Although you may find that revenue department staff do not really know the rules.....

So for example if all your income is dividends from the last year and you brought it into Thailand in theory you would owe tax.

Now if you instead use income that was earned more than a year ago there will be no income tax.

The 40,000 baht rule can easily be satisfied with an Embassy letter although a local bank account photocopy with a balance verification letter is very helpful.

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Unless the rule has recently changed there is no tax due in Thailand on income from outside of Thailand that is over one year old.

Although you may find that revenue department staff do not really know the rules.....

So for example if all your income is dividends from the last year and you brought it into Thailand in theory you would owe tax.

Now if you instead use income that was earned more than a year ago there will be no income tax.

The 40,000 baht rule can easily be satisfied with an Embassy letter although a local bank account photocopy with a balance verification letter is very helpful.

this fairy tale is told over and over and over but that does not make it true :o correct is that the income tax people do not care to collect taxes from foreigners who live in Thailand but earn their income offshore. that the thai tax authorities assume a double tax agreement exists as far as pensions or social security payments are concerned is a de facto benefit for most of us retirees and all of us like it very much. but de jure that does not mean that we can't be taxed overnight or (what would hurt more) retroactively if the authorities decide so.

the revenue department do know the rules. at least the gentleman to whom i talked a few years ago knew them but assured me that "presently" these rules are not enforced.

quote: Taxpayers are classified into “resident” and “non-resident”. “Resident” means any person residing in Thailand for a period or periods aggregating more than 180 days in any tax (calendar) year. A resident of Thailand is liable to pay tax on income from sources in Thailand as well as on the portion of income from foreign sources that is brought into Thailand.

http://www.rd.go.th/publish/6045.0.html

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quote: Taxpayers are classified into "resident" and "non-resident". "Resident" means any person residing in Thailand for a period or periods aggregating more than 180 days in any tax (calendar) year. A resident of Thailand is liable to pay tax on income from sources in Thailand as well as on the portion of income from foreign sources that is brought into Thailand.

http://www.rd.go.th/publish/6045.0.html

Naam,

Thank you for the reference which adds "foreign sources that is brought into Thailand" My post was a quick to the point one and I am sorry if it was not clear and easy to understand. My post still holds true and a number of law sites in English agree with my statement that I read a while ago. And your post actually does really not contradict what I say. So it seems that the information that I have read is indeed true and not a myth as you state.

I assume from your post that you are not and have not been in the field of taxation. I am not in the field of taxation, although in the past I was and have a masters degree in taxation as well as large international firm experience

Basically please trust me on this revenue department officials all over the world are not the best and brightest in the field of taxation and they certainly are not on your side also no one should use forum advice as other than a starting point in their research.

Now with that said I do not read Thai so it is impossible for me to research Thai laws myself. However, I have law firms all being in agreement on this issue although I have not checked with the large accounting firms and often on complicated tax matters they are better than the lawyers.

Here is one example I added the bolding:

http://www.tillekeandgibbins.com/publicati..._tax_law_04.pdf

A person (Thai or foreign) who resides in Thailand at one or more times for an

aggregate period of 180 days or more in any tax (calendar) year will be regarded as a

resident of Thailand for tax purposes. A resident of Thailand is liable for personal

income tax on income from sources inside Thailand and on assessable income derived

from sources outside Thailand. However, the imposition of tax on income derived

outside Thailand will apply only to income derived and brought into Thailand in the

same year in which such income is earned. A non-resident is subject to pay tax only

on income from sources within Thailand (irrespective of the place of payment).

If you have found anything that disagrees with what I have found please post it for everyone to review - tax law often changes and the websites may be out of date....

As for tax being required to pay when you have a marriage visa this is a myth and I can tell you that from experience. You simply need an Embassy letter and a bank book copy and bank letter is very helpful.

Edited by Sam125
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Naam,

Old habits die hard and I wanted to take a look at a large accounting firm's position on this matter. Please look at section 8.1 in the following link which again supports my post as fact not myth:

http://www.kpmg.com/SiteCollectionDocument...arch%202008.pdf

Not that this information is still a year or so old so the laws could have changed and you cannot count on anything in my post or citations.

Hopefully you will be more cautious in taking advice from Revenue department staff going forward......

Edited by Sam125
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