Thai revenue tax for farang residents

[QUOTE=Explorer8939;2960273]You clearly don't understand the ramifications of these tax regulations IF they are enforced.[/QUOTE]Neither do you unless you are telling me you are licensed to practice tax law in the Kingdom of Thailand.

Here is a suggestion for you: [B]Seek competent legal counsel for your personal tax situation[/B].

I did that and learned I have nothing to worry about. I do not have to run from country to country in an effort to avoid a tax liability that may or may not exist. Nor am I asking a group of [B]International Tricks[/B] for tax advice.

[QUOTE=SubCmdr;2960460]Neither do you unless you are telling me you are licensed to practice tax law in the Kingdom of Thailand.

Here is a suggestion for you: [B]Seek competent legal counsel for your personal tax situation[/B].

I did that and learned I have nothing to worry about. I do not have to run from country to country in an effort to avoid a tax liability that may or may not exist. Nor am I asking a group of [B]International Tricks[/B] for tax advice.[/QUOTE]My question is who is planning to file a Thai tax return next year?

I believe that you have stated that you have an accountant who will file for you.

One wrinkle is that Thailand is considering taxing worldwide income for Farangs which means your Dominican Republic money may be taxable. No fun.

Again, I'm not looking for tax advice, just whether people here are planning to file or not. The filing date is March 31.

[QUOTE=Explorer8939;2960736]I believe that you have stated that you have an accountant who will file for you.[/QUOTE]You belief is incorrect.

[QUOTE=Explorer8939;2960736]One wrinkle is that Thailand is considering taxing worldwide income for Farangs which means your Dominican Republic money may be taxable. No fun.[/QUOTE]Once again you are incorrect. Besides who says I have any income in the Dominican Republic?

[QUOTE=Explorer8939;2960736]Again, I'm not looking for tax advice, just whether people here are planning to file or not. The filing date is March 31.[/QUOTE]I am planning of following the advice that I received from a competent tax advisor here in Thailand. I cannot help you with your questions. I am not licensed to to practice law nor a CPA in Thailand. I do not know your situation. My advice remains the same to you [B]Seek competent tax advice for your situation[/B]. But you continue to ignore it.

[QUOTE=Explorer8939;2960736]My question is who is planning to file a Thai tax return next year?

Again, I'm not looking for tax advice, just whether people here are planning to file or not. The filing date is March 31.[/QUOTE]Why? And why? You are clearly one who does not listen to the advice of anyone that suggests you not to file or to wait to see what happens with enforcement first before making a decision to file. You have already made up your mind about what you are doing. In your prefect world, you want all expats to tell you they are going to file, so that way you can say "I told you so" in some internet chat forums like ISG or other discord forums in Pattaya that will remain unnamed. Why do you care what others do if you are only going to do what you want anyways?

ET out.

[QUOTE=EverythingThai;2960919]Why? And why? You are clearly one who does not listen to the advice of anyone that suggests you not to file or to wait to see what happens with enforcement first before making a decision to file. You have already made up your mind about what you are doing. In your prefect world, you want all expats to tell you they are going to file, so that way you can say "I told you so" in some internet chat forums like ISG or other discord forums in Pattaya that will remain unnamed. Why do you care what others do if you are only going to do what you want anyways?

ET out.[/QUOTE]I haven't made up my mind about anything. I'm not going to be a tax resident in 2024.

I will wait and see what happens on March 31,2025, the official filing date for Thai taxes next year. If SubCmdr and big numbers of resident Farangs file their taxes, then I may find a second home outside of Thailand, maybe Mexico.

I will spend at least January and February outside of Thailand.

I am hoping that the tax situation will be known by February 1.

Given the lack of response here, and lack of discussion in Pattaya, my guess is that not many will file. I'm not hearing stories about people obtaining Thai tax IDs.

If you followed my advice to seek out competent tax advice about your personal situation then you would not have any questions. Nor would you be wondering about what other Farangs are doing in Thailand. I am Farang dam. Address me correctly Explorer and stay out of my tax business and my Dominican Business. You are welcome for the advice I gave you there.

Don't you talk enough male bovine excrement to me in the other Thailand Threads. This thread was started by Everything Thai in order to provide general information. What country are from? If you want to know about my personal tax situation make a note that I am following the lead of the President Elect of the United States of America.

[QUOTE=Explorer8939;2960971]I haven't made up my mind about anything. I'm not going to be a tax resident in 2024.

I will wait and see what happens on March 31,2025, the official filing date for Thai taxes next year. If SubCmdr and big numbers of resident Farangs file their taxes, then I may find a second home outside of Thailand, maybe Mexico.

I will spend at least January and February outside of Thailand.

I am hoping that the tax situation will be known by February 1.

Given the lack of response here, and lack of discussion in Pattaya, my guess is that not many will file. [b]I'm not hearing stories about people obtaining Thai tax IDs.[/b][/QUOTE]Do you really plan to rely on a bunch of [B]International Tricks[/B] and [B]Sexpats[/B] to give you information on how to handle your personal tax situation in Thailand?

If so, much success with that. [B]ROTFLMAO[/B]!

[QUOTE=Explorer8939;2960971]I haven't made up my mind about anything. I'm not going to be a tax resident in 2024.

I will wait and see what happens on March 31,2025, the official filing date for Thai taxes next year. If SubCmdr and big numbers of resident Farangs file their taxes, then I may find a second home outside of Thailand, maybe Mexico.

I will spend at least January and February outside of Thailand.

I am hoping that the tax situation will be known by February 1.

Given the lack of response here, and lack of discussion in Pattaya, my guess is that not many will file. I'm not hearing stories about people obtaining Thai tax IDs.[/QUOTE]Explorer. It's your personal preference and decision to make sure you are not a tax resident next year. However, I just do not understand you needing to ask so many times what others are doing. It makes no difference. Whether they get tax ID's and file or not still won't change your position right? You will still make sure you are not here for 6 months next year and I respect that.

I just get annoyed when you keep coming back asking why others are not scared like you. That's really what it boils down to right? What I tell my clients is this. Most are protected by a DTA, so if they decide to file, the amount of tax in Thailand they will need to pay will be nothing or very little. Then the 2nd option is to wait, which is the more sensible option. Why? Because as I have mentioned before, for enforcement to be implemented, laws need to be passed and that process requires time. There is not enough time in my opinion to make that happen for the coming tax year. Then there is the backlash the government would receive. Also their priorities are focused on more important things now. If you wait, you will see what happens in the new year. If immigration announces you need to provide your Thailand personal income filing and evidence of payment to the Revenue Dept if you have to pay even, TO EXTEND YOUR VISA, then you can easily hire a Thai accountant in Pattaya to file the return for 2-3000 baht, which will indicate that you have paid tax already at the source, so the impact will be minimal. However, If no enforcement is announced, you will be free of the annoying procedure of filing right?

But, again, you do not need to wait to see what others do. Believe me, if something happens, it will be plastered all over every news outlet. You won't need to find out from the other expats who will announce to the word they are getting a tax ID and filing.

We are just tired of reading your sarcastic posts about why other expats up in the village are not obsessed with this like some others, such as you. Do what you want and if you really want good tax advice, send me a PM and I can recommend someone really good. However, accountants or lawyers, foreign or Thai are offering tax advice now and doing it to scare people into hiring them to apply for their tax ID. They are asking ridiculous amounts for this. I have seen 7-10 k and even 15 k. It's just horrible. It's so dam simple to get it actually. I know you do not want legal advice, so what do you want then? Do you want everyone to say they will get their tax ID and file? What do you want? Tell us. Why is it so important for you to know what others are doing? You will do as you please anyways.

Explorer, the Thai government did not change the accessible income law to chase after foreigners. They could care less about your money. THEY DON'T CARE ABOUT YOU!

So, just don't worry about others as your situation won't change. I know you already. You do not trust the Thai government to enforce this law and you don't trust them not to enforce this law. Therefore, you are caught in an endless circle of doubt.

[QUOTE=Explorer8939;2960273]You clearly don't understand the ramifications of these tax regulations IF they are enforced.[/QUOTE]I understand very well what the ramifications are. I know they are different for each individual. I also know that it's never a good idea to make decisions when you have incomplete information. It is also not a good idea to depend on what others decide so you can follow them.

WAIT AND SEE EXPLORER or just do what you want and stop asking why others are not as worried as you.

By the way, I started the other legal section. Sub must have forgot that the tax thread was started by Bionic Man. So feel free to post what you want here, as I am not the admin of this thread, but the other thread.


I HOPE I AM RIGHT ABNOUT ALL THIS! But, If I am wrong, at least I will have advised my clients to make the final decision when they have the complete info. That should be end of February I hope.


[QUOTE=Explorer8939;2960971]I haven't made up my mind about anything. I'm not going to be a tax resident in 2024.[/QUOTE]

But you have. You have made up your mind not to be a tax resident in 2024.

[QUOTE=Explorer8939;2960971]I haven't made up my mind about anything. I'm not going to be a tax resident in 2024.

I will wait and see what happens on March 31,2025, the official filing date for Thai taxes next year. If SubCmdr and big numbers of resident Farangs file their taxes, then I may find a second home outside of Thailand, maybe Mexico.

I will spend at least January and February outside of Thailand.

I am hoping that the tax situation will be known by February 1.

Given the lack of response here, and lack of discussion in Pattaya, my guess is that not many will file. I'm not hearing stories about people obtaining Thai tax IDs.[/QUOTE]Sorry, this post of yours must have just posted after moderation, so I missed it. This answers some of my questions I guess. However, I think more than 80% of others won't file their taxes here in Thailand unless they are forced to do it. End of story. So, don't wait for them. Wait to see if enforcement is announced in Feb 2025 and then follow that instead.

Now go fuck all those married Thai girls you are always talking about and have a little fun won't you?

I'm going to a local bar in my area because the traffic for Loy Katong is just crazy!!! Last year, I spent it on Soi 6 with the 40 drink girll. This year, I am, going to pick up a girl at a local KTV near my house.

Technical note: the new tax situation in Thailand is based on changes in tax regulations, not new tax laws. Allegedly, regulations have been changed, which allegedly require tax residents to file Thai income tax returns, starting in 2025.

Again, I am only asking who is planning to file. No need to add drama to your answer. Nor am I looking for tax advice or recommendations for a tax accountant.

And yes, I am familiar with DTAs, and differences between the Thai and US marginal tax rates.

[QUOTE=EverythingThai;2961103]By the way, I started the other legal section. Sub must have forgot that the tax thread was started by Bionic Man. So feel free to post what you want here, as I am not the admin of this thread, but the other thread.[/QUOTE]My bad. You legal section is very informative. Maybe the person with the tax questions should read it more closely.

[QUOTE=Explorer8939;2961169]Technical note: the new tax situation in Thailand is based on changes in tax regulations, not new tax laws. [/QUOTE]This is true. But who actually did not know that. In fact I believe it is you that referred to changes to the tax law right from the beginning. [B]Everything Thai[/B] has been over this issue.

[QUOTE=Explorer8939;2961169]Allegedly, regulations have been changed, which allegedly require tax residents to file Thai income tax returns, starting in 2025.[/QUOTE]Don't you think this will result in a major announcement when the time comes for enforcement of the changes?

[QUOTE=Explorer8939;2961169]Again, I am only asking who is planning to file.[/QUOTE]Why don't you ask your bar girls when they are not sitting on your face? You get plenty of other information out of them.

[B]I still don't get WHY you are asking others to reveal their tax information on a public form[/B] Does not make sense to me. No more than you know the relationship status of all the prostitutes in Thailand. How many times have you asked the question and not gotten an answer. You have even called me out directly! If you have already decided to not be a tax resident for 2024 it means you do not have to file in 2025.

[B]Period! Full Stop[/B]

[QUOTE=SubCmdr;2961413]My bad. You legal section is very informative. Maybe the person with the tax questions should read it more closely.

This is true. But who actually did not know that. In fact I believe it is you that referred to changes to the tax law right from the beginning. [B]Everything Thai[/B] has been over this issue.

Don't you think this will result in a major announcement when the time comes for enforcement of the changes?

Why don't you ask your bar girls when they are not sitting on your face? You get plenty of other information out of them.

[B]I still don't get WHY you are asking others to reveal their tax information on a public form[/B] Does not make sense to me. No more than you know the relationship status of all the prostitutes in Thailand. How many times have you asked the question and not gotten an answer. You have even called me out directly! If you have already decided to not be a tax resident for 2024 it means you do not have to file in 2025.

[B]Period! Full Stop[/B][/QUOTE]There's a handful of Farangs who are aware of the new Thai tax regulations, but the vast majority are clueless.

It will be interesting to see what happens on March 31, when Thai tax returns are due to be filed.

For those catastrophising about the "proposed" new tax laws, can I suggest you take a look at this opinion before you do anything.

[URL]https://www.youtube.com/watch?v=AxIWy54G7L4&ab_channel=IntegrityLegalThailand[/URL]

I checked around, and there is still no guidance from the Revenue Dept about the new tax regulations.

The current tax forms are fairly useless for a Farang to declare accessible income.

Right now, I am considering hanging out in Thailand in 2025 more than 180 days, and only remitting non-accessible income from the US. Plus use credit cards where possible since there has been no ruling on whether credit card payments are accessible income.

I sure hope that the ladies will accept credit cards.

I leave Thailand today for the rest of the year. I will hang out in Brazil early next year while waiting to see if this tax situation is a problem or not. Also, I really don't like High Season in Pattaya, the ladies are too busy, and the traffic is miserable.

I'll come back in late February if the new tax regulations are a nothingburger.

Having received competent legal advice on my personal tax situation. I will be running like a * I am good right here in Thailand. Until the administrators for His Majesty says otherwise.