What financial advice is available for UK expats in Thailand regarding taxation rules under a DTV visa?

Question

Can anyone recommend a good financial advice specialist who understands both UK and Thai taxation rules for those on a DTV?

Ask Thailand · Answer

The conversation revolves around seeking financial advice for UK expats in Thailand regarding taxation rules, particularly for those holding a DTV visa. Participants discuss difficulties in finding specialists knowledgeable in both UK and Thai tax systems, the implications of being a tax resident in Thailand, and the process of fulfilling tax obligations on foreign income. Suggestions include consulting the UK-Thailand double taxation agreement and utilizing available online resources like Thai tax guides. Additionally, there are concerns about banking options for DTV holders, though it's noted that remitting funds from a home bank account is permissible.

Graeme ******* · Answer

Get the Thai tax guide it's online in English and look yourself   pretty easy to understand. Looking at the DTV visa it allows you 5 years multiple entries,  each entry is for 180 days which is extendable to 360 days without a departure. So I'm  guessing if you do the 180 days should furnish a tax return in Thailand. Also if your  income is generated outside Thailand  and you bring or withdraw in Thailand  then furnish a return. Goggle DTA visa Thailand and  look for the Issa Compass website.

Barry ******* · Answer

No need to do Thai tax on a dtv unless bringing in huge amounts

Van ******** · Answer

In my first hand experience the Thai and UK accounts aren't particularly interested in helping with dual tax. The HMRC form has loads of questions that only the taxpayer can answer, so my UK accountant sent me the link and basically said 'get on with it.' Some questions I didn't even know the answer to, so I did pay double tax acouple of times.

Ian ******** · Answer

If you are on a DTV can you open a bank account and remit money ie taxable income

Raymond ********* · Answer

Start by reading the convention between Uk and Thaïland ahainst double taxation. It's easily accessible on Google.

Finding somebody that knows both Uk and Thai fiscal laws is kind of hard

Ant *********** · Answer

If you seek advice

And they tell you

“ you need a Thai Tax ID “

It is FREE to get !!

Paul ******************** · Answer

It's not that hard

Only UK sourced income is taxed at source in the UK

If you are in Thailand for more than 180 days you are tax resident in Thailand and potentially subject to tax on income remitted to Thailand subject to the UK/Thai DTA of course

What financial advice is available for UK expats in Thailand regarding taxation rules under a DTV visa?

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