Tax Tax Tax Tax Tax Tax Tax Please!

[DGS16]

Hello all, I am new to this forum and I apologize if the question I ask has already been answered elsewhere. I have tried to find the answer to my question already but have not been able to find someone with much knowledge regarding my situation.

I work all over the world on different contracts for a European company. I am paid by them without being taxed in the European country from which they employ me.

What I want to know is if I start living in Thailand, what will be my tax commitment to Thailand,- will I be required to pay tax??

I have read that foreign sourced income is not taxable, if it is not brought into the country that financial year.

Can anyone give me any advice? OR suggest someone that may offer advice in this area of TAX.

Thanks for any help you can give me!!!!!!

Kind Regards.

[Maestro]

...I have read that foreign sourced income is not taxable, if it is not brought into the country that financial year.

This is correct.

--

Maestro

[singa-traz]

Check if Thailand has any Tax treaty (probably has) and your home country, so you can check if you are still taxable (in your home country) on the portion of your revenu that is not taxed in Thailand.

Assuming you transfer 50% of your revenu in Thailand and pay tax, in Thailand, on that amount, you may still be liable for tax on the other 50%.

What's your home country?

[lopburi3]

You can not work in Thailand without a work permit and you will require company, income and tax payments. If you plan to work below the radar it will be just that; and probably involve visa issues.

The "not taxed if not remitted in current tax year" is policy rather than law by my understanding. I know my reading of tax law years ago it seemed to be the same broad stroke wording as "work" so any income anywhere could be taxed.

[QED]

Depends how long you stay in the country in any given year, and how much of your income you bring into the country. From the government website:

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. A non-resident is, however, subject to tax only on income from sources in Thailand.

Source

Whether or not they would ever catch up with you is a different matter

[singa-traz]

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

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. A non-resident is, however, subject to tax only on income from sources in Thailand.

[DGS16]

Hey, thanks very much to you all for your replies. Kind of confirms what I already thought.

I will not be working in Thailand ever so it's definitely no under the radar stuff......

Cheers.

[DGS16]

Check if Thailand has any Tax treaty (probably has) and your home country, so you can check if you are still taxable (in your home country) on the portion of your revenu that is not taxed in Thailand.

Assuming you transfer 50% of your revenu in Thailand and pay tax, in Thailand, on that amount, you may still be liable for tax on the other 50%.

What's your home country?

I was hoping to be considered non resident in my home country and also in Thailand but live in my time off in Thailand ( I only have around 60 days free per year, the rest is spent in many other countries working) it's strange I know....... So I really am not a resident anywhere. I hope.