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Posted

Hope this is the right forum section for a question about tax. If you're an ex-pat living in Thailand on a retirement visa and earning money from abroad in the form of rayalties, how does that work? Anyone any experience of this?

Posted (edited)

Where did you obtain the "retirement visa" ?

Income earned abroad is not usually taxable in Thailand even if it does derive from "rayalties" (sic)

Thailand, where else? Also, pointing out inadvertent typos is considered rude on this forum. Edited by Stoker58
Posted

No tax. I assume it is not paid directly into a Thai bank account. If earned more than 12 months prior no tax assessable.

Problem is, I want to sell an e-book through Amazon and, because America thinks it owns the world, the US tax office wants to know what I had for dinner yesterday first. I could give them my UK NI number but they won't accept that with a Thai permanent address and bank a/c.

Posted

If you receive the age pension on a fortnightly basis, what is the Thai tax liability if -

it is paid into your o/seas bank a/c?

or

it is paid direct to your Thai bank a/c?

Posted

Where did you obtain the "retirement visa" ?

Income earned abroad is not usually taxable in Thailand even if it does derive from "rayalties" (sic)

Thailand, where else? Also, pointing out inadvertent typos is considered rude on this forum.

There is no "retirement visa " which can be obtained in Thailand and, in fact, a "retirement visa" does not exist !

Posted

No tax. I assume it is not paid directly into a Thai bank account. If earned more than 12 months prior no tax assessable.

Not quite. Only if transferred into Thailand in the year that it is earned.

Earn a million dollars on 31 Dec offshore, transfer it into Thailand on 1 Jan. Bingo, tax free.

Posted

No tax. I assume it is not paid directly into a Thai bank account. If earned more than 12 months prior no tax assessable.

Problem is, I want to sell an e-book through Amazon and, because America thinks it owns the world, the US tax office wants to know what I had for dinner yesterday first. I could give them my UK NI number but they won't accept that with a Thai permanent address and bank a/c.

I have a lot of experience with Amazon.

A few years ago they really tightened the regulations. Actually, Amazon UK even more so than USA.

If you are a UK national you are exempt from tax in US.... you wold need to go through verification and that's it.

Posted

If you receive the age pension on a fortnightly basis, what is the Thai tax liability if -

it is paid into your o/seas bank a/c?

or

it is paid direct to your Thai bank a/c?

I don't receive any kind of pension. If I live long enough to collect it I'll have it paid to my UK a/c.

Posted

Where did you obtain the "retirement visa" ?

Income earned abroad is not usually taxable in Thailand even if it does derive from "rayalties" (sic)

Thailand, where else? Also, pointing out inadvertent typos is considered rude on this forum.

There is no "retirement visa " which can be obtained in Thailand and, in fact, a "retirement visa" does not exist !

....which must come as a shock to all the retired ex-pats living here. Anything to contribute on the subject at hand, which is tax?

Posted

If you receive the age pension on a fortnightly basis, what is the Thai tax liability if -

it is paid into your o/seas bank a/c?

or

it is paid direct to your Thai bank a/c?

I don't receive any kind of pension. If I live long enough to collect it I'll have it paid to my UK a/c.

Same here - I will never get a pension sad.pngsad.pngsad.png

but I know some who do.

Posted

No tax. I assume it is not paid directly into a Thai bank account. If earned more than 12 months prior no tax assessable.

Problem is, I want to sell an e-book through Amazon and, because America thinks it owns the world, the US tax office wants to know what I had for dinner yesterday first. I could give them my UK NI number but they won't accept that with a Thai permanent address and bank a/c.

I have a lot of experience with Amazon.

A few years ago they really tightened the regulations. Actually, Amazon UK even more so than USA.

If you are a UK national you are exempt from tax in US.... you wold need to go through verification and that's it.

Cheers, the guy! That's more like it. I was going through the sign up process for Amazon, using my Thai permanent address and my UK NI no., but I kept running into "an error has occurred", which I assume is caused by the conflict between the two. I could use a relative's address in the UK but, aside from being an untrue statement, it would land my relative with a pile of junk mail from the tax office.

Posted

I know that you are not swedish, but just to show how it is for us swedes... We have a mutual tax-agreement with Thailand, which makes it extremely easy to live here.

I live here since 8 years now, and if my money is earned outside Thailand, i.e. my pension, it is there it is to be "taxed"... If money earned inside the borders of Thailand while living here, I have to pay tax like any other thai.

Easy.....

Glegolo

Posted

I remained a resident for tax purposes in Canada. This was the only way to run a business on Amazon. I employ a family member and don't do anything from here.

As mentioned before, Amazon became a lot more strict especially with accounts from Asia. I would suggest using your UK information if you are serious about selling your ebook. I would suggest not using any Thai information as they will see you as a scammer. This is one of the reasons I don't even want to log in with my Amazon account anymore.

In US there is an online form amazon will make you digitally sign you are not a US resident and you should be good to go. Again, logging from Thailand may raise a suspicion.

Posted

I remained a resident for tax purposes in Canada. This was the only way to run a business on Amazon. I employ a family member and don't do anything from here.

As mentioned before, Amazon became a lot more strict especially with accounts from Asia. I would suggest using your UK information if you are serious about selling your ebook. I would suggest not using any Thai information as they will see you as a scammer. This is one of the reasons I don't even want to log in with my Amazon account anymore.

In US there is an online form amazon will make you digitally sign you are not a US resident and you should be good to go. Again, logging from Thailand may raise a suspicion.

Muchos gracias. I often use a VPN to conceal my location while online, not that I'm up to anything nefarious, just that I don't think Amazon, Google, eBay and all the rest need to know my business.

Posted

I remained a resident for tax purposes in Canada. This was the only way to run a business on Amazon. I employ a family member and don't do anything from here.

As mentioned before, Amazon became a lot more strict especially with accounts from Asia. I would suggest using your UK information if you are serious about selling your ebook. I would suggest not using any Thai information as they will see you as a scammer. This is one of the reasons I don't even want to log in with my Amazon account anymore.

In US there is an online form amazon will make you digitally sign you are not a US resident and you should be good to go. Again, logging from Thailand may raise a suspicion.

Muchos gracias. I often use a VPN to conceal my location while online, not that I'm up to anything nefarious, just that I don't think Amazon, Google, eBay and all the rest need to know my business.

The problem is Amazon is not stupid.

Using a VPN is an instant ban.

Posted

So if you're normally resident in Thailand how do you correspond with Amazon without them seeing that you're in Asia, not Canada?

I don't.

As I mentioned I have a family member doing everything for me.

If there is a serious issue, I phone them.

Interesting information, thanks. All sounds very cloak and dagger!

Posted

When I first started travelling, every time I took a flight, a simple login from a new area would lockout my account for "fraud prevention" - leading to long phone-interviews to see if "I was really me." Paypal was the worst.

So I rented a VPS in my home-country for $4 / mo, and began SSH-proxing through that for all banking / business. No one else uses it, so it doesn't show up on the "evil proxies for scammers" list. This also prevents any snooping on the connection, above and beyond the browser <-> server SSL layer.

Posted

When I first started travelling, every time I took a flight, a simple login from a new area would lockout my account for "fraud prevention" - leading to long phone-interviews to see if "I was really me." Paypal was the worst.

So I rented a VPS in my home-country for $4 / mo, and began SSH-proxing through that for all banking / business. No one else uses it, so it doesn't show up on the "evil proxies for scammers" list. This also prevents any snooping on the connection, above and beyond the browser <-> server SSL layer.

It's extremely annoying and getting worse. You can't use websites without 'registering' and when you register they want to send a 'verification code' to your mobile no.. Of course, this doesn't verify anything, it just gets them your mobile no. so they can track your location.

Posted

Where did you obtain the "retirement visa" ?

Income earned abroad is not usually taxable in Thailand even if it does derive from "rayalties" (sic)

Thailand, where else? Also, pointing out inadvertent typos is considered rude on this forum.

There is no "retirement visa " which can be obtained in Thailand and, in fact, a "retirement visa" does not exist !

of course it doesn't exist. they just put a stamp on a visa page of my passport stamp it twice "RETIREMENT" and then call it "extension of stay" that some smartà... learned gurus have a reason to inject irrelevant comments in a factual discussion, respectively a question to obtain information.

post-35218-0-00026400-1448067493_thumb.j

Posted

Sorry to use this tread if not appropriate but i would like to know if there are any taxes to be paid in Thailand when you are receiving funds in Thai bank account from abroad on regular basis. Let say for example your monthly salary in USD from a work you are not doing in Thailand but in another country. Your funds are transfered every month to your Thai Bank account ( not foreign currency). So the fund transfered are originally in USD and when deposit to your account, automaticaly converted in THB.

Posted

Naam, you should gain knowledge before you hit others. You do not know the difference between extensions and VISAS, and consequently you do not know the importance of knowing the difference either.

You should be careful to condemn others.... read and learn is a great tool in life, why not try it..

Glegolo

Posted (edited)

How does whether or not it is a 'retirement visa' or an 'extension of stay' have bearing upon the OPs question?

It doesn't.

Edited by rwdrwdrwd
Posted

Sorry to use this tread if not appropriate but i would like to know if there are any taxes to be paid in Thailand when you are receiving funds in Thai bank account from abroad on regular basis. Let say for example your monthly salary in USD from a work you are not doing in Thailand but in another country. Your funds are transfered every month to your Thai Bank account ( not foreign currency). So the fund transfered are originally in USD and when deposit to your account, automaticaly converted in THB.

Sorry forgot to mention my status in Thailand: Visa Non O 1 year based on Thai Child
Posted (edited)

If you are spending 180+ days a year in Thailand you are Thai tax resident, and Thai tax residents are liable to pay income tax on income that is remitted to Thailand in the tax year it is earned (Thai tax year follows the calendar year).

It sounds like you are getting your income paid directly to Thailand, so it is being remitted to Thailand in the year earned and it is liable to full Thai income tax.

If you received the income to a personal account outside of Thailand, and were able to keep it outside of Thailand until the next January 1st, then it would be exempt, sine it is 'earned' at the point it is paid to the non Thai account.

Edited by rwdrwdrwd
Posted

Sorry to use this tread if not appropriate but i would like to know if there are any taxes to be paid in Thailand when you are receiving funds in Thai bank account from abroad on regular basis. Let say for example your monthly salary in USD from a work you are not doing in Thailand but in another country. Your funds are transfered every month to your Thai Bank account ( not foreign currency). So the fund transfered are originally in USD and when deposit to your account, automaticaly converted in THB.

Sorry forgot to mention my status in Thailand: Visa Non O 1 year based on Thai Child

'Salaries receive from employment exercises outside of Thailand are exempt from Thai tax, if not paid in or remitted into Thailand within the same calendar year it is received'

https://home.kpmg.com/xx/en/home/insights/2011/12/thailand-income-tax.html

Having said that a lot of people (including myself) remit funds every month and just ignore taxes, there's no enforcement of that, or issues doing that. I'm in the same situation as you, monthly salary in USD, I just wire it to Thai bank and I've never been asked anything. But if you wanted to be 'legal' (in a country where most Thais don't pay tax either) strictly speaking you could wait a year to wire funds.

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