Tax residency in Thailand and taxing overseas income

[Martinoo]

I did it at, I assume. the same tax office and they accepted my documents showing tax withheld on allowances, as I am not tax liable in my home land for many years.
Must be a British thingy

[Big Boy]

If you read back through the thread, you will see every frustration I encountered. I was even interviewed by the head honcho at one stage, but even then they would not accept original British Government documentation as being authentic. If you could see the documentation they accepted in the end (a faxed photocopy) it was laughable. Difference being, the faxed photocopy had rubber stamps from the Thai Embassy in London on it.

[Green Nomad]

Here's one! I have worked in the middle east for the most part of 30 years, tax free. What will they expect from me when retired? My monthly income in Thailand will be from a forces pension and a private overseas pension. I can see headaches and frustration looming next year after retirement in March.

[Martinoo]

Here's one! I have worked in the middle east for the most part of 30 years, tax free. What will they expect from me when retired? My monthly income in Thailand will be from a forces pension and a private overseas pension. I can see headaches and frustration looming next year after retirement in March.

Both , if not taxed at source, will be taxed here.
However, and depending on visa status or means of extension (income or bank balance), there could be some saving to be made

[Martinoo]

If you read back through the thread, you will see every frustration I encountered. I was even interviewed by the head honcho at one stage, but even then they would not accept original British Government documentation as being authentic. If you could see the documentation they accepted in the end (a faxed photocopy) it was laughable. Difference being, the faxed photocopy had rubber stamps from the Thai Embassy in London on it.

I understand the frustration as well as I don't understand the different approach of different nationalities, me being Dutch.
But I assume, from work experience, they will see a difference between non legalized Revenue Department documents and others less familiar??

[Big Boy]

It looks as though the tax reporting date has been extended again.

[buksida]

I can see headaches and frustration looming next year after retirement in March.

Indeed. Personally, I wouldn't dream of retiring in Thailand under the current regime, and would look for somewhere easier on the bureaucracy and the wallet, spending less than 180 days per year here if I had to be in this country for necessity. Nothing is going to get easier here as this place gradually morphs into China.

[Martinoo]

I have been working here and retired recently. I never really felt that I was jumping through hoops.
Misunderstandings and clerical errors can always happen.
And...during my time here I traveled and lived and worked for periods in other regional countries, and PRC/HK and was subject
to their legislation..... I never found it more or less difficult then here......
But I always had my affairs in order, did nor cut corners and where needed paid for LOCAL advise...

[Martinoo]

If you read back through the thread, you will see every frustration I encountered. I was even interviewed by the head honcho at one stage, but even then they would not accept original British Government documentation as being authentic. If you could see the documentation they accepted in the end (a faxed photocopy) it was laughable. Difference being, the faxed photocopy had rubber stamps from the Thai Embassy in London on it.

I understand the frustration as well as I don't understand the different approach of different nationalities, me being Dutch.
But I assume, from work experience, they will see a difference between non legalized Revenue Department documents and others less familiar??

I forgot to mention I submitted taxes here for the past 25 years, so there us some history and I only get homeland SS to the level of beermoney

[huahin4ever]

What about living on your personal bank savings from abroad? Is that considered income here too if it's transferred from abroad into Thailand? It is not an income such as pension, salary or compensation for work performed anywhere!

YNWA!

[Big Boy]

This year, no. However, the way I read recent posts and the Bangkok Post article, that is about to change, and personal savings is all that will be taxed.

[PeteC]

If the money in savings was earned prior to the 2024 tax law start date, it is exempt from tax if/when it is transferred into Thailand.

[Big Boy]

I thought that was the bit that was changing. I need to read again, obviously.

[Big Boy]

Right, I see that bit now. Don't they make it difficult for themselves? To me, savings are savings - I dont think in terms of that 1,000฿ was earned on xx/xx/yyyy and this 1,000฿ was earned on oo/oo/yyyy. People will need a very complex ledger system to classify/segment their savings into dates earned, and then spend using that same criterion.

Do these people think we have nothing better to do?

[Martinoo]

the line is drawn at 31.12.2023
You need to be able to prove it through year end statements. Not by transaction date
Interests on these savings are categorized as income in TH and taxed