Unfortunately, my tax bill for 2024 was huge. I have applied for and was approved for my LTRV in the hope that I won't have to pay taxes next year. If I'm here on a non 'O' and get my LTRV within 180 days will I still be eligible for taxes for 2025. LTRV also asked me to cancel my non 'O' in order to have LTRV stamped in my passport but immigration in Surin refused saying you can only change your visa on expiry of old one. Which isn't until 25th June. At a bit of a loss. Can bkk immigration cancel my non 'O' before they stamp my LTRV. and please no wise cracks about avoiding taxes or my income please.
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TLDR : Answer Summary
The original poster is seeking clarification on tax eligibility after obtaining their Long-Term Residence Visa (LTRV) while currently on a Non 'O' visa, which is set to expire on June 25. They are unsure if they will still be liable for taxes for 2025 and are facing difficulties in canceling their Non 'O' visa before the LTRV is stamped, as immigration in Surin has refused their request. Several commenters suggest discussing the issue with the Board of Investment (BOI) or consider leaving Thailand to automatically cancel the Non 'O' visa.
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Well it depends on your remittances in 2024 as you know. I moved almost 4 million baht to Thailand have no DTT's as I'm only resident in Thailand not Switzerland where my income comes from
And I was in Ireland until April 2024 from Sept 2023 so didn't really know about the change in the law until October time and then it was too late to do anything really. I was setting up a company for friends and only when they gave me a copy of company TIN did I ask what it was. Then I was told I'd need one too to pay taxes personsonally. I said to my lawyers but thailand is tax free for foreigners. Nope not anymore says my lawyer Sept 2023 and then Nov 2023 revenue department made up now rules
well I have around 10 people I look after in thailand not including 8 dogs. So I move in my entire income from one pension fund only. My expenses are around 300k a month so doesn't leave much for cristal
Yes. I don't know why on earth you would move 4 Million baht! I bring in about
*****
k a month for living expenses, and it all comes from pension which is not taxable in Thailand. My income from stockmarket and property investments remains solidly in Australia! π
My pension is not, and that's due to the Australian/Thailand DTA. You'd have to check the DTA from your own country to see if yours is assessable. It's nothing to do with type of visa
Thanks. But I did not mean type of visa, I ment way of proofing funds for non O retire. Wehther there would be a difference proofing income or showing 800.000 on a thai bank. Tax related difference. But thanks, I learnt about DTA to investigate further.
Alfred ***********
ORIGINAL POSTER
Or any of the other 69 countries with DTA with Thailand
Alfred ***********
ORIGINAL POSTER
If werner comes from a European country then he can use his DTA to offset against his thai taxes. But if he earns a lot and the tax rates are different he may still be liable for thai taxes
est tut Mir leid but you are wrong werner. All remittances to Thailand especially on non 'O' are taxable from now on as of 1st January 2024. Unless you earn less than 150,000 THB per annum
your special you're an aussie each DTA needs to be look in on an individual basis. For example my tax rate in Zurich is only around 21% but tax tax rates go up to 35%
Yes correct. Some people unfortunately think everybody is in exactly the same boat, which couldn't be further from the truth. Australian pensions are only taxable in the country in which they're paid, and although mine is tax-free in Australia, the DTA stops Thailand from taxing it
How did you have such a huge tax bill? I paid zero for 2024
Alfred ***********
ORIGINAL POSTER
Oh sorry I have tried many times to ask the BOI , tried to call and email but no response but thanks that makes it a little clearer
Ho ******
It is true that your Non-O must be canceled before you get the LTR stamped.
I did it in Bangkok, but this was also the office where my Eos for the Non-O was done. I was informed that you have to cancel the Non-O were it was approved or extended. If this is π― true, you never know...
Ask BOI or just give it a try in Bkk.
You have to provide a bank statement which shows that you fulfilled the financial requirements for Non-O all the time you had it since last Eos. No idea what happens if you cannot.
Or, if you do not have a multiple entry permit, just leave Thailand. This will automatically invalidate aka cancel your Non-O.