Ivor the Engine
Nowhere man
Double Tax Agreements in Thailand
Double tax is a potential issue for expats and foreign businesses operating in Thailand or abroad.
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Thai double-tax treaties
- Thread starter Ivor the Engine
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Merlin
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Double Tax Agreements in Thailand
Double tax is a potential issue for expats and foreign businesses operating in Thailand or abroad.
Let's hope that the Thai tax officers are issued with a copy of that, and that hey can read.
Prakhonchai Nick
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Earlier this year Surin Revenue Dept refused to sign a document for a widow who was subject to double tax, which would have enabled her to only pay tax in Thailand. They allegedly told her that Double Taxation did not apply to pensions!
CO-CO
Rather wrinkly & occasionally cantankerous member
"Doesn't apply"?.....................................meaning that pensions are exempt from taxation arrangements?
Prakhonchai Nick
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The Surin Revenue Office understanding of the Double Taxation Agreement is somewhat different towhat I understand it to be.
Have been trying to get an accountant either in Surin or Bangkok to assist with getting the required signature, (Only to state the widow lives in Surin and has always done so) but nobody has responded to my enquiries.
Have been trying to get an accountant either in Surin or Bangkok to assist with getting the required signature, (Only to state the widow lives in Surin and has always done so) but nobody has responded to my enquiries.
Ivor the Engine
Nowhere man
Thailand begins taxing foreign income
Departmental Instruction No. Paw 161/2566, issued by the Thai Department of Revenue, introduces significant changes
bangkokone.news
Prakhonchai Nick
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"Residents are 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." I wonder how they will be able to prove one is bringing in income from foreign sources. What about savings, or inheritance money? All comes to Thailand from a bank or similar i na foreign country..WISE in the case of many farangs.
mango 2 you 2
Surin Legend
I noticed on my accounts and my wife's accounts that external transfers to here have different codes...
Ivor the Engine
Nowhere man
Any further info on this, now that I've got a second (Gov) pension it will be liable to taxation from UK.
Will I have to pay tax from Thailand too or will it be exempt because of the UK Double Taxation Treaty????
FERRET
WELL WORN MEMBER
Iv'e done 2 transferees so far this year with no deduction evident in my Thai account--BTW, I pay no tax in Australia.
Ivor the Engine
Nowhere man
Lucky you!
mango 2 you 2
Surin Legend
Is the proposed Thai Tax paid on a yearly tax return ?
Prakhonchai Nick
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read somewhere, last week, that annually one has to submit a tax return. Suggest we wait to be asked ! Thai tax year is 1 January to 31 December...Could be a suitable time for computers to crash and one have memory loss
Prakhonchai Nick
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FERRET
WELL WORN MEMBER
CO-CO
Rather wrinkly & occasionally cantankerous member
Ivor the Engine
Nowhere man
Because I always expect the unexpected when it comes to the treatment of expats over here.
Coffee
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CO-CO
Rather wrinkly & occasionally cantankerous member
That might make you overly cautious .
Plan for the best, prepare for the worst. (as the Garman sausage makers used to say).
Don't worry, you will not pay tax in Thailand unless you earn money in Thailand.