Tax on income from foreign sources

[Naam]

So once again for those who can not see the forest because of too many trees... :-) if I do not get a tax residency in here, I must still pay the tax in Europe from income earned all around the world, and then it does not matter if I remit it or no (and regardless when).

what country in Europe???

[Naam]

No, you are one of those who can not see the forest, too This applies only to offshore earnings, not earnings from Thailand.

I have the same objective as you do-that is, leave european tax behind and receive tax free income. Turns out to be much more difficult than I thought and impossible for income arising in the european country, whether investment income, capital gains, or pensions. I suggest you consult a tax adviser in your European country before getting too far down this track.

But of course, I would be interested to hear if others have had more luck with shedding European Tax.

taxation of pensions varies from (EU) country to country and the "kind" of pension. investment income and capital gains are not taxed if you meet your bank's (or financial institution) requirements where you hold your assets that you are residing outside of Europe. the usual requirement is a utility bill in your name and/or a letter issued by the immigration.

as simple as that.

[falang07]

 

So once again for those who can not see the forest because of too many trees... :-) if I do not get a tax residency in here, I must still pay the tax in Europe from income earned all around the world, and then it does not matter if I remit it or no (and regardless when).

what country in Europe???

 

I am not going to reveal my identity in here but it is some that really allows what I intend to do.

[Naam]

 

So once again for those who can not see the forest because of too many trees... :-) if I do not get a tax residency in here, I must still pay the tax in Europe from income earned all around the world, and then it does not matter if I remit it or no (and regardless when).

what country in Europe???

 

I am not going to reveal my identity in here but it is some that really allows what I intend to do.

naming the country will reveal your identity? i hope you take those pills regularly the good doctor prescribed.

[falang07]

Well, just rest assured the country allows it, no need to name it.

[topt]

Well, just rest assured the country allows it, no need to name it.

OP this thread has been going round and round in circles trying to help you but it is as if you do not want to be helped?

If the country allows it (whatever it is?) and you know that why did you bother asking the question in the first place.........

PS - that's a rhetorical question so please feel free not to answer.

[Naam]

Well, just rest assured the country allows it, no need to name it.

you can rest assured that all European countries "allow" that you draw your income, capital and whatever other gains tax free if you don't meet the (depending on the country different) criteria of being a tax resident.

some countries apply the "183 day" rule. others, such as my home country Germany, apply income tax liability on your worldwide income if you maintain only a tiny furnished room in Germany even though you have not set foot on German soil for 10 or more years.

and now i'm angry because stupid me "revealed my identity"

[falang07]

 

Well, just rest assured the country allows it, no need to name it.

OP this thread has been going round and round in circles trying to help you but it is as if you do not want to be helped?

If the country allows it (whatever it is?) and you know that why did you bother asking the question in the first place.........

PS - that's a rhetorical question so please feel free not to answer.

 

Please reread my original question again, it was not about me asking for help with this thing, it was about the simple fact that it is now missing in the official English translation of the Thai law on the official Thai Government site. And my question was if this really means that the law was changed already. And no, I still did not get any answer to this.

[falang07]

 

Well, just rest assured the country allows it, no need to name it.

you can rest assured that all European countries "allow" that you draw your income, capital and whatever other gains tax free if you don't meet the (depending on the country different) criteria of being a tax resident.

some countries apply the "183 day" rule. others, such as my home country Germany, apply income tax liability on your worldwide income if you maintain only a tiny furnished room in Germany even though you have not set foot on German soil for 10 or more years.

and now i'm angry because stupid me "revealed my identity"

 

My country allows having a room but you have to revoke your permanent address (and still can keep any house or room in your possession). Regarding your country, what if the room is not furnished?

[falang07]

One possible answer to my original question would be that the Thais have better removed this from the English translation not to draw too much attention to it by the international authorities due to the recent hunt for tax havens...

[topt]

 

Well, just rest assured the country allows it, no need to name it.

OP this thread has been going round and round in circles trying to help you but it is as if you do not want to be helped?

If the country allows it (whatever it is?) and you know that why did you bother asking the question in the first place.........

PS - that's a rhetorical question so please feel free not to answer.

 

Please reread my original question again, it was not about me asking for help with this thing, it was about the simple fact that it is now missing in the official English translation of the Thai law on the official Thai Government site. And my question was if this really means that the law was changed already. And no, I still did not get any answer to this.

I suggest you read post no. 3 ( or 4 I think) from Naam quoting a reply from wordchild and stating it was included in the Thai version so therefore one can presume that the law has not changed.

One possible answer to my original question would be that the Thais have better removed this from the English translation not to draw too much attention to it by the international authorities due to the recent hunt for tax havens...

That is a slightly different question and we can all make guesses and nobody will know if it is correct - how about just lost in translation.......

[wordchild]

One possible answer to my original question would be that the Thais have better removed this from the English translation not to draw too much attention to it by the international authorities due to the recent hunt for tax havens...

I really don't think there is any conspiracy here. There are other countries which have similar rules, though what is rare about Thailand is that it is not just ex pats or non doms who can take advantage of it but also the many Thai citizens who have external investments/earnings. Edited November 15, 2013 by wordchild

[Naam]

 

Well, just rest assured the country allows it, no need to name it.

you can rest assured that all European countries "allow" that you draw your income, capital and whatever other gains tax free if you don't meet the (depending on the country different) criteria of being a tax resident.

some countries apply the "183 day" rule. others, such as my home country Germany, apply income tax liability on your worldwide income if you maintain only a tiny furnished room in Germany even though you have not set foot on German soil for 10 or more years.

and now i'm angry because stupid me "revealed my identity"

 

My country allows having a room but you have to revoke your permanent address (and still can keep any house or room in your possession). Regarding your country, what if the room is not furnished?

in 1989 i paid back taxes for 5½ years and was lucky not to be hit with an additional fine. reason: although i was living and working abroad i was liable to pay tax because we did not rent out our house in Germany, id est it was available to us for "living purposes at any time".

during the negotiations (solicitor / tax department) my solicitor claimed that a tax residency can be established even if one dwells under a bridge

[falang07]

OK, seems like no one can confirm my question, but unfortunately I can not find the Thai version of the law. Can anyone help me find the income tax law in Thai? I will try to translate it myself.

[falang07]

Version from May this year: http://web.archive.org/web/20130510085324/http://www.rd.go.th/publish/6045.0.html

...income is remitted into Thailand within the year that the taxpayer receives that income...

Edited November 17, 2013 by falang07

[falang07]

So above is a snapshot from May this year. Clearly, the clause was still there, however, current version has it removed already. Feel free to check yourself older versions at http://web.archive.org/web/*/http://www.rd.go.th/publish/6045.0.html. I have a strange feeling that they have changed the law silently.

Edited November 17, 2013 by falang07

[Naam]

So above is a snapshot from May this year. Clearly, the clause was still there, however, current version has it removed already. Feel free to check yourself older versions at http://web.archive.org/web/*/http://www.rd.go.th/publish/6045.0.html. I have a strange feeling that they have changed the law silently.

if you want to be on the safe side and get rid of your tax paranoia never transfer "income" to Thailand. as simple as that.

p.s. and don't dare to ask how to do that!

[falang07]

But every money comes originally from some income (unless you can print money), and if they remove that clause, me as a Thai tax resident will be subject to pay the Thai income tax on all money remitted into Thailand.

[Naam]

But every money comes originally from some income (unless you can print money), and if they remove that clause, me as a Thai tax resident will be subject to pay the Thai income tax on all money remitted into Thailand.

you win! go ahead and pay taxes. you have my blessing

[rgs2001uk]

But every money comes originally from some income (unless you can print money), and if they remove that clause, me as a Thai tax resident will be subject to pay the Thai income tax on all money remitted into Thailand.

you win! go ahead and pay taxes. you have my blessing

Herr Dr, I learned a long time ago not to bang my head against some other suckers wall, it hurts.

He can pay my taxes while he is at it.

How would the Thais ever know, why would anyone ever tell them, Amazing Thailand indeed.

[falang07]

Are you really asking how would they know you wired some money from abroad into Thailand?

[Naam]

Are you really asking how would they know you wired some money from abroad into Thailand?

tax evading experts do not wire money into Thailand. they use Startrek methods and beam the money untraceable from an offshore account to their petty cash or their wives' handbags.

[falang07]

Yes, but all this topic is about the case when they are purposefully wired to Thailand exactly for the reason of not having to pay any tax from them. 3 pages of talking and still not a clue if they have really removed that clause from the Thai law.

[rgs2001uk]

Yes, but all this topic is about the case when they are purposefully wired to Thailand exactly for the reason of not having to pay any tax from them. 3 pages of talking and still not a clue if they have really removed that clause from the Thai law.

Jeezuz <deleted> H, are you a wind up merchant or a troll, I cant quite make my mind up?

<deleted> do you want us to tell you, please post then I will reply with what you want to hear.

Think of the Thai tax man being like TGNOE and "dont ask, dont tell"

The Thai tax man treats me with consideration and doesnt ask, I recipocrate by not telling, what more do you want?

As has been pointed out to you on numerous occasions on this thread, there is NO EFFIN TAX, how much more bluntly can I put it?

Do believe us, go and talk to your local Thai tax office.

Finished with this thread, I get more sense from my dog.

[falang07]

For rgs2001uk: please read the topic again, all I need to know is if the law was really changed recently since the English version of the law WAS REALLY CHANGED in October. And secondly, I need this to be tax free not in Thailand, but in Europe, understand? Of course I know that if I do not tell anyone in here, I do not have to pay Thai income tax, but I need to prove this to the European tax office in my country... So do not be a dumbass :-)

[rgs2001uk]

For rgs2001uk: please read the topic again, all I need to know is if the law was really changed recently since the English version of the law WAS REALLY CHANGED in October. And secondly, I need this to be tax free not in Thailand, but in Europe, understand? Of course I know that if I do not tell anyone in here, I do not have to pay Thai income tax, but I need to prove this to the European tax office in my country... So do not be a dumbass :-)

all I need to know is if the law was really changed recently

No the law has not changed recently.

since the English version of the law WAS REALLY CHANGED in October.

As far as I know this is Thailand, they speak write and use Thai here, what English version do you refer to?

I need this to be tax free not in Thailand, but in Europe, understand?

Holy shit Batman, now we are getting somehere, why didnt you spit out this nugget of information beforehand?

How about telling us from which European socialist paradise you hail.

When I left the UK I filled out a form with my bank to tell them I now lived overseas, that enabled the bank to give me my interest gross, eg DEDUCUT NO TAX, I dont know where you are from, so cant comment on your personal tax situation.

but I need to prove this to the European tax office in my country..

What exactly is you visa situation here, do you have a Thai tax number?

Where exactly is your country?

My bang kaew says his crystal balls are now hurting him, the tri lingual gardener will be along in a minute to massage them.

Talk about getting blood from a stone.

Edited November 18, 2013 by rgs2001uk

[falang07]

rgs2001uk: I do not need advice on my tax situation or anything else. So just for you since you did not read the topic at all: I refer to http://www.rd.go.th/publish/6045.0.html which in May this year was still OK, as you can check in the internet time machine at http://web.archive.org/web/20130510085324/http://www.rd.go.th/publish/6045.0.html

[falang07]

So please stick to the topic, and the topic is Was the law really changed? I hope I do not have to explain this for anyone else since we are getting nowhere. If you can not confirm by reading the current Thai version (which I can not find), please do not comment.

[falang07]

http://www.rd.go.th/publish/6045.0.html is updated with the new rates, however, same problem remains: 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.

0-150,000 Exempt more than 150,000 but less than 300,000 5 more than 300,000 but less than 500,000 10

[falang07]

i.e. no mention of the exemption in case it is not remitted in the same year it was earned. Any news on this?