BuangAva

Taxes

32 posts in this topic

On 1/1/2016 at 2:40 AM, Chuckles78 said:

So if one can keep the income offshore until the following calendar year it can be brought in without paying Thai income tax.

Anyway, Is there a double tax treaty in Thailand?

any existing double tax agreement is irrelevant if the income is not taxed abroad.

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3 hours ago, Naam said:

any existing double tax agreement is irrelevant if the income is not taxed abroad.

Question, - " any existing double tax agreement is irrelevant if the income is not taxed abroad " yes accepted, but that then implies that you could be taxed as the income has not previously been taxed?

But if there is no requirement whatsoever to declare your income or "contribute" to the tax system in Thailand, they would never be any wiser! & as far as I know they have never tried in any way to enforce this fact?

If you were a PR and had to declare your income I can see this would be an issue, but to the best of my knowledge this is not & has never been a requirement?

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3 hours ago, CGW said:

Question, - " any existing double tax agreement is irrelevant if the income is not taxed abroad " yes accepted, but that then implies that you could be taxed as the income has not previously been taxed?

But if there is no requirement whatsoever to declare your income or "contribute" to the tax system in Thailand, they would never be any wiser! & as far as I know they have never tried in any way to enforce this fact?

If you were a PR and had to declare your income I can see this would be an issue, but to the best of my knowledge this is not & has never been a requirement?

Quote

But if there is no requirement whatsoever to declare your income or "contribute" to the tax system in Thailand

that requirement does exist! read loud and slowly

Quote

Taxpayers are classified into “resident” and “non-resident”. “Resident” means any person residing in Thailand for a period or periods aggregating more than 180 days in any tax (calendar) year. A resident of Thailand is 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.

http://www.rd.go.th/publish/6045.0.html

 

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9 hours ago, Naam said:

that requirement does exist! read loud and slowly

 

You should have added "read repeatedly" which I did and it finally clicked! :sleep:

Which means that all who are on a retirement visa (staying over 180 days) are liable for taxes, interesting......................:shock1:

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ID: 30   Posted (edited)

Just an example, you have under 22k SGD income in SG, paid from anywhere, interest, investment, whatsoever. This is the current threshhold for not being taxed. You could still declare this in SG and pay no tax, even though they tell you not to do it. The Thais now want you to tax on that, because you sent all of it into your Thai bank account. They still could not get a single cent of it as it falls under the double tax agreement. If you would not have declared it in SG, TH may take its stake.

Edited by MadMac
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3 minutes ago, MadMac said:

Just an example, you have under 22k SGD income in SG, paid from anywhere, interest, investment, whatsoever. This is the current threshhold for not being taxed. You could still declare this in SG and pay no tax, even though they tell you not to do it. The Thais now want you to tax on that, because you sent all of it into your Thai bank account. They still could not get a single cent of it as it falls under the double tax agreement. If you would not have declared it in SG, TH may take its stake.

 That is interesting 

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Whereby it is required you are a tax resident in SG, or any other country.

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