Tax residency in Thailand and taxing overseas income

[Dannie Boy]

Well I can’t image anyone living within the UK tax free allowance being able to afford to live in Thailand so I’m sure your theoretical stance is most unlikely - anyway I’ll leave the debate for now and wait until someone comes up with hard facts.

[Dannie Boy]

My understanding was that UK state pensions are not taxed as such, but when pension age is reached, your tax code is amended accordingly.

That’s probably correct, at least in my case, my state pension is considerably lower than the tax-free limit, so the amount I receive is used to adjust my tax code against my private pension income.


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[Ms Tigger]

My understanding was that UK state pensions are not taxed as such, but when pension age is reached, your tax code is amended accordingly.

The personal tax allowance in UK is currently £12570, the current full state pension is £11502, so you don't pay any tax on your state pension and there's £1068 worth of allowance to set against any private (in my case Army) pension.
The personal tax allowance doesn't change if you only receive the state pension, but I think it reduces slightly if you earn over £100,000pa.

[hhinner]

The UK pension triple lock and frozen tax bands may well bring UK state pensions into the basic tax band. Of course no affect on those of us with frozen pensions.

[Big Boy]

Brit expats in Thailand warned of scams targeting bank accounts

A chief of police issued a warning to retirees in Thailand after two British expats in Pattaya were targetted by scammers attempting to drain their bank accounts.

Police Lieutenant Colonel Saksit Choobunrueang yesterday, January 8, announced that the elderly are being targetted by scam gangs because of their limited knowledge of technology.

The two British pensioners reached out to their local newspaper regarding the fraud and revealed how they narrowly escaped the clutches of scammers posing as officers from the Thai Revenue Department, Pattaya Mail reported.

The retirees, both residents of Thailand, received separate phone calls from the fraudsters claiming they might not need to register for a TIN (Tax Identification Number), provided some routine checks confirmed their exemption.

Under the guise of helping them, the callers deceitfully asked for personal details and bank account information, supposedly to confirm their residency status.

In one unnerving encounter, a scammer assured one of the British expats that the revenue authority was compiling a list of foreigners exempt from personal income tax. In another, the con artist initiated a conversation about 800,000 baht in a Thai bank account, citing upcoming changes to one-year visa extensions.

Luckily, neither expat fell for the trap of sharing their bank account or card details, although one did reveal his full name before realising he was embroiled in an Internet scam. Both have since reported the incidents to the Police Anti-Online Scam Operations Centre via the hotline at 1441.

https://thethaiger.com/news/pattaya/bri ... k-accounts

Scams like these could be avoided if the Thai Government were more transparrent with procedures and requirements,

[Stevepiraq1]

Now that we're in to the tax reporting period, does anybody have a clue what we need to do? I was confident they would issue some kind of instruction, which we could either follow, or seek help with. As far as I can see, it is very Thai - make it up as they go................ or have I missed something?

It is all detailed on the TRD web site however no self-lodgment form is available for 2024, maybe they are trying to force you to use a tax accountant.
The form for 2023 is in English.

https://www.rd.go.th/english/65308.html

[Big Boy]

Thank you, I will take a look.

[Big Boy]

Hmmm............ I've had a quick scan through, and I see nothing about tax treaties, or how they are dealt with.

[Edit] Also nothing that I've seen about how to get a TIN, which seems to be key to everything.

[STEVE G]

^According to this page of the Revenue website, you have to go to the local tax office to get the TIN number:
https://www.rd.go.th/english/21987.html

[Big Boy]

Thank you Steve - I will go on that adventure one day next week, and report how I get on.

[hhinner]

Thank you Steve - I will go on that adventure one day next week, and report how I get on.

You'll need your passport.

[Big Boy]

Have you got your TIN?

[404cameljockey]

Also nothing that I've seen about how to get a TIN, which seems to be key to everything.[/i]

The tax office is in Soi 88 opposite Nanys. From what I've read on the Thai tax website you just need your passport (but TIT so who knows).

Anyway as a probably non-tax payer I won't be bothering with one until I've seen what the guinea pigs have found out after filing a tax return. Stuff the May deadline.

[Dannie Boy]

First interesting thing will be someone who gets their visa extension and whether Immigration request anything to do with tax status?

[Big Boy]

I've said from the start that I don't really see why Immigration need to be involved with the tax issue. However, you are probably right, TIT, expect the unexpected.