.png.3b3332cc2256ad0edbc2fe9404feeef0.png.8488ab72b8bb2e508209bfe3211b6e08.png)
-
Recently Browsing 0 members
- No registered users viewing this page.
Announcements
-
Topics
-
-
Popular Contributors
-
1
-
2
-
3
-
4
-
5
-
-
Latest posts...
-
20
How safe is the retirement visa as a strategy to live in Thailand permanently?
Retirement visas are not safe. I repeat, retirement visas are not safe! -
80
What are you cooking today? (2025)
Beans are generally healthy, but many, including peanuts, are high in purines, so if you're uric is high and you are prone to gout, be careful. -
5,453
Latest developments and discussion of recent events in the Ukraine War
Putin suffers new blow as support in Europe fades https://www.msn.com/en-xl/news/other/putin-suffers-new-blow-as-support-in-europe-fades/ar-AA1y43tj?ocid=msedgdhp&pc=LCTS&cvid=88e95b8b35174ad8bf5aa777a7ba137c&ei=17 -
182
-
1,810
Thai tax tangle: Expats warned of new rules on overseas income
I am puzzling over the German-Thai DTA in regards to pensions. I have assumed my small German pension is nominally assessable income, based on an official letter from the German Tax office. After looking at the German-Thai DTA, I am wondering, was i wrong in my assumption? Details: Over 4 years ago, I received a letter from the German Tax Office, that as a resident of Thailand, the DTA between Thailand and Germany applies, and that the right to tax my German pension (which is a state pension (ie not a civil-service nor a military) is assigned exclusively to the United Kingdom of Thailand. That was 100% clear. From that I assumed (where assuming can be 'dangerous') that the German pension was assessable income for Thailand and taxable (at present my German pension is too small to meet the Thai taxation threshold, but that is not the point of this post). So out of curiousity as to how the German Tax Office concluded (what they advised me in that letter), I decided to dig through the Germany-Thailand DTA to find that reference. Upon re-reading the German-Thai DTA I note: If those remunerations are pensions, then that does not seem consistent with the German Tax Office letter. But maybe the remunerations are not pensions in that article. So I then went on to read article-18: That 18(1) does appear consistent with the German Tax office letter. ie Pensions may (only) be taxable in Germany in circumstances that don't affect me. I then continued reading article-18 and read: Again - the DTA states not taxable in Thailand. That does not appear consistent with the German taxation office letter. What am I reading wrong here? Can it be such pensions are not taxable in either country? That would be (an almost unbelievable) first. Typically at least one country does the taxation. Escaping the taxman is not supposed to happen. Is it? Ok - Yes, a present time, for me its a bit of a mute point, as I am on an LTR -WP visa and my German pension is very small, but in 8 more years my LTR visa expires, ... I may have more assessable income then, and if financial restructuring by me is potentially desireable to reduce my tax exposure, I like to plan ahead. Am I misreading this Thai-German DTA? if I made a mistake, if any are familiar with the Thai-German DTA, please point out my mistake? Note - this is far too small (and too mute an observation at this time) to bother contacting any tax advisors. -
-
-
Popular in The Pub
-
.thumb.jpg.3ee24d9400fb02605ea21bc13b1bf901.jpg)
.thumb.jpeg.42eea318e3350459f0aaaa5460326bca.jpeg)
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