What Should DTV Holders Know About Filing PND94 Tax Returns in Thailand?

@Sam ********

if u have investments aquired before 1st jan any income after that date is taxable. make sure you have documents to prove.

@Roberto ********

yes, I agree on that point but its up to individuals to check and not assume they have no tax to pay.

@Sam ********

yes

Sam Taylors be able to prove if audited. fine for not reporting is 200% of the tax due + the tax. Yes, many will leave.

@Lee **********

I should have said you will pay capital gains tax in Thailand minus the capital gains tax you pay in France.

@Lee **********

For your property in France and the capital again it has nothing to do with Britain unless you are a resident there. You will incur a capital gain in France according to French law. If you are resident in Thailand you will incur a capital gain in Thailand according to Thai law. In Thailand you can deduct the tax you paid in France from the tax that is due in Thailand. You will need to read the rules very carefully as to how Thailand calculates capital gains. I suspect tax is due on the difference between the buying and selling price without any offsets. If you are going down that route I suggest you discuss it with a Thai CPA. I have a similar issue when I sell my House in America next year, I will dodge the issue completely by not being in Thailand for 180 day next year, instead I will be in Philippines which does not tax foreigners on overseas capital gains.

@Sam ********

CGT is not zero in UK if the asset is resident in uk. If you sell a house there is CGT to pay etc. Thailand has CG they just tax it as the same rate as ordinary income.

@Sam ********

I keep my stash in Jersey!

@Lee **********

Lee, you cannot severe links with UK, you are a citizen, if you severed links, you would be a stateless person and that's not permitted under international law. You can give up residency only. There is a proposal, I think it will happen, to tax residents in Thailand on their global income. So if you sell that house in France and you are resident in Thailand with a DTV or other visa, you will pay capital gains tax on the profit from the sale. Many people who are apply for the DTV will become first time expats and have no experience of international tax, for some I am sure, this will end in tears.

@Jim ********

Actually Jim its very easy to get if you meet the requirements, here are the requirements.

@Sam ********

thats what many intend to do, we do not know how this will be enforced. No one paid it yet.

@Daniel ******

has nothing to do with how u bring money in.

@Daniel ******

by what ever means remitances are made, cash, credit card, atm, gold bars rolex watches, wiss, western union, they are all considered remittances.

@Daniel ******

3) will not work if the law is extended to global income, which is the OP. Clearly you just just making 💩statements to make me respond and teach you. 2) is💩

@Daniel ******

it is not global you Prjick, you have no idea what you are saying.

@Daniel ******

the best exemption is to get an LTR.

@Jim **********

I am fortunate that I am a member of a well-established expat group down here in Pattaya, we had a live seminar from Carl Turner who has subsequently created many YouTube videos and continues to do so. He is an investment adviser, yes, but has jumped on the tax bandwagon, many of us have been following him and we have picked up a lot and have been able to verify his opinions with others. People have accused of scaremongering, this is untrue, I am simply trying to get people to consider their new surroundings. Beyond Thai income tax, there are several other issues I have, not least of which is "Thai sales tax". If a digital nomad is performing a service for say an EU company, does that digital nomad have to write an invoice to their client for services renders and does said digital nomad have to add/collect sales tax?🤔

@Gerry *******

I do not agree I believe that sales should be included on any invoice.

@Gerry *******

DTV holder are tax resident in Thailand if they spend 180 days or more in Thailand. I was freelance, not in Thailand and I always added VAT to my invoices when I was resident in Uk and invoicing my German clients. I have a further issue with this, and this is: If they are predominantly invoicing one client then they have established a "regional office" and must get a work permit and must employ 4 Thai's.

@Gerry *******

if u invoice across a border does not mean its vat free. If you make a service to another then you apply VAT, you do not have to be registered as a company. Here is the definition of tax residency from RD. /FOREIGNERS_PAY_TAX2024.pdf

@Batuh ***

The law says you must be resident for a TOTAL of more 180 day in a Calendar year to be tax resident. So as long as you are under that total you are not tax resident.

@Roberto ********

so to maintain auss tax residency is there a minimum number of days you actual have to be present in auss?

@Roberto ********

Are you saying they propose to re-write the DTA with Australia?

@Roberto ********

I suspect it does. Do you have a link?

@Roberto ********

ok, thanks, will do.

@Roberto ********

💩As i have said before to you, in most cases you get a transferable tax credit for tax paid at source for tax already paid.

@Roberto ********

depends on how much tax you pay in the source country. You would be living on starvation rations (120,000) to not pay anything Roberto.

@Roberto ********

Pension income is subject to Thai tax and subject to DTA so your generalized comment is incorrect, might be true in specific cases but my OP has nothing to do with pensions. The most important part of the OP is "liberal profession" and what that implies.

@Chris ***

I am glad you did not turn that political. here one reference I searched for: The liberal professions can be characterised as follows:

they provide intellectual services based on a specific professional qualification or skill,

these services are provided personally and are based on a relationship of trust,

the activity is carried out autonomously and on a professionally independently basis,

the liberal professions are characterised by a professional ethos, they have an obligation to the contracting authority and are required to act in the public interest,

and they are subject to a system of professional organisation and oversight. Health care professions: Doctors, dentists, veterinarians, medical practitioners, physiotherapists, midwives, massage therapists and qualified psychologists.

Legal, tax and business consultancy professions: Solicitors, patent lawyers, notaries, auditors, tax consultants, tax agents, advisory general and business economists and chartered accountants.

Scientific and technical professions: Surveyors, commercial chemists, architects, pilots and experts.

Cultural occupations: Journalists, press photographers, interpreters, translators, scientists, artists, writers, teachers and child care workers.

@Roberto ********

DTV has zero financial requirements? I suggest you refer to those who have to pay for them and have had to prove they have 500k in a bank.

@Roberto ********

Does not make any difference where you pay it, you still pay it.

@Roberto ********

You started out saying "costs nothing". You have to pay for the DTV. Does not matter where "you pay for the DTV"