TAX on Income from Abroad

[tamada]

Insert ostrich meme [here]

Got no idea what this comment means or who it is pointed at?
So what will be your position come March 2025? The way I see it you will pass the 180 day exclusion limit. And still telling anyone interested you are going overseas working, from time to time, on this site.

In fact I would like to know the intentions of all Farang come the deadline!

I can't help you with your confusion BD but considering the inevitabilities of "death and taxes", there's little value in me or anyone stating what they'll be doing this time next year or any time in the future. Everyone is free to pursue what they consider is the best way forward that fits their circumstances.

Right now, I'm busy on my Thai/UK tax break in El Nido.

[jackspratt]

VAT ...... is where most of Thailand's income comes from.

It isn't.

[jackspratt]

This 180 day rule is it 180 days out 365 or is it consecutive 180 days? Meaning you can spend 180 days in Thai leave for 3-4 days then come back for another 180 days

180 total during the tax year - 1 Jan - 31 Dec.

[tamada]

The question of taxing your previously taxed income will rumble on for months, the real QUESTION : Is what is in it for us, as many facilities enjoy double pricing including the Local Hospital as a taxpayer one should therefore have the same rate as a THAI , anything assisted or paid for by the Government should become same price for foreigner.

As an aside by pension provider has categorically stated no information WILL be sent to a foreign Government only produce the same paperwork as normal

That sir, is a very, very sound argument against the two-tier pricing that some foreigners are forced to endure.

However, considering our hosts equally enduring tendency to be both obdurate and ignorant when dealing with things pertaining to nationality, they could simply cut off their noses to spite their faces, and prohibit the non-Thai minorities from availing themselves of the public health system.

With regard to confidentiality in personal finances, pension providers can give all these hand-on-heart assurances with a legally clear conscience. However, they are not under the same strictures as banks when it comes to who should know what and what information is agreed to be legally shared. It pays to read the small print on every single policy update that one's bank issues.

[tamada]

This 180 day rule is it 180 days out 365 or is it consecutive 180 days? Meaning you can spend 180 days in Thai leave for 3-4 days then come back for another 180 days

Non-consecutive cumulative. So no, you can't do the "6 months on, 6 months off" shift.

TBH, the 180-day rule is very common in many tax jurisdictions and limiting oneself to only two "full-time" domiciles can take a wee bit of juggling. However, if one throws a third, foreigner-friendly and fairly local destination in the mix, it makes for more flexibility. That's why juggling with three balls is easier than doing it with only the two.

[Drunk Monkey]

The question of taxing your previously taxed income will rumble on for months, the real QUESTION : Is what is in it for us, as many facilities enjoy double pricing including the Local Hospital as a taxpayer one should therefore have the same rate as a THAI , anything assisted or paid for by the Government should become same price for foreigner.

As an aside by pension provider has categorically stated no information WILL be sent to a foreign Government only produce the same paperwork as normal

KP great post . that is a really good point , why should tax paying aliens not get the same pricing for health care etc etc as Thais if paying tax here .. when in reality most Thai dodge tax anyway ..

An earlier post made me chuckle re VAT ..
a huge % of businesses here have income far exceeding the VAT threshold (income 180k PCM) but are not registered , its a joke and if the Thai government clamped down on this it would assist massively.

DM

[glalt]

VAT ...... is where most of Thailand's income comes from.

It isn't.

Google says that 38 percent of income comes from VAT and another large part comes from big companies from exports. Tourism also contributes but a smaller amount than you would think.

[kopkei]

you can always avoid paying tax by sending the money to your wife's account as a gift , gifts up to 20 million baht are free of tax ,although many will not trust this as they do not trust their own wife ...

[tamada]

you can always avoid paying tax by sending the money to your wife's account as a gift , gifts up to 20 million baht are free of tax ,although many will not trust this as they do not trust their own wife ...

Yeah! Time to start being nice to the old girl. Stop gadding about on Sampan of a Saturday eve, coming home in the wee small hours all ratarsed and ropable.

[newtovillagelife]

you can always avoid paying tax by sending the money to your wife's account as a gift , gifts up to 20 million baht are free of tax ,although many will not trust this as they do not trust their own wife ...
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[newtovillagelife]

you can always avoid paying tax by sending the money to your wife's account as a gift , gifts up to 20 million baht are free of tax ,although many will not trust this as they do not trust their own wife ...

Is this a fact, or are you just joking.
If it is indeed true, then one could just send funds to your wife and avoid taxation.

[Doodoo]

Here is some literature of gifting money in Thailand

https://www.expattaxthailand.com/gift-t ... 0threshold.

[sometimewoodworker]

This 180 day rule is it 180 days out 365 or is it consecutive 180 days? Meaning you can spend 180 days in Thai leave for 3-4 days then come back for another 180 days

If you spend an aggregate of 180 days in any one year you become a tax resident for that year.

The number of times you leave, and the amount of time you leave for, is irrelevant. For example if you spend every weekend outside Thailand at week 36 you will cross the threshold and will accumulate 180 days, will be tax resident for that year so must pay tax for the complete year

[sometimewoodworker]

you can always avoid paying tax by sending the money to your wife's account as a gift , gifts up to 20 million baht are free of tax ,although many will not trust this as they do not trust their own wife ...

The only way that will not get taxed is if your wife is not living with you and all the money is spent on her toy boy!

[Bandung_Dero]

In fact I would like to know the intentions of all Farang come the deadline!

I'll be complying with the Thai tax laws.

Ahh! Great, I for one Jack will be interested in your process/progress after you register and become one of this forums guinea pigs.

[jackspratt]

No need for me to register, Dero - did that several years ago when my Oz bank (can't remember which one) insisted I get a Thai tax file number.

They were very confused at the main tax office in Udon, but I eventually walked away with a number - I think it is the same number as on my driver's licence and pink ID card.

What I reckon will be of far more interest to forums members, and the 1,000,000 defiant farangs, will be your regular updates on your class action.

[Whistler]

What are the proposed rates?

[Doodoo]

I havent read it but here looks like a copy

https://thepattayanews.com/2024/02/18/t ... d-to-know/

[sometimewoodworker]

What are the proposed rates?

The rates are not proposed, they are the same as any other individual Thai tax payer, they depend on your income and are between 0% and 35%

[tamada]

For horse's mouth aficionados, the personal income taxrates are available on the RD website, in English.