expat taxation

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This page displays all the results for the expat taxation tag, sorted by the most recent activity. There are a total of 19 questions that have been tagged with expat taxation. Explore the questions to find discussions and information relevant to this topic.
Nov 5, 2024
10 days ago
If got DTV Visa and go to Thailand to do a remote work there. My company in Germany have to pay TAX in Thailand during 5 ys or not?

I am Just worry abt TAX
Oct 20, 2024
a month ago
Brad *******
ORIGINAL POSTER
LTR question (if an income tax on 2024 expat remittances into Thailand isn't delayed).

If after living in Thailand six years, an expat receives an approved Pension LTR in September 2024, does the LTR tax-free exemption take place in:

1) the tax year beginning January 2025?

2) the tax year beginning January 2024?

3) beginning September 2024 (pay tax on remittances from January to August of the 2024 income tax year)?

The answer could be beginning tax year 2025, but the LTR tax exemption wording is a bit vague.

I messaged BOI and they replied:

"According to the Royal Decree, governing reduction of Tax rate and exemption of Taxes (No.743) 2022, Section 5 : Income tax shall be exempted for foreigners have been granted a Long-term resident visa derived in the previous tax year from employment, or from business carried on abroad, or from a property situated abroad, and brought into Thailand.

However, regarding the Tax matter you are advised to contact the Revenue department for more details."

From what I have heard many local Revenue department offices have not had a chance to become familiar with the LTR and might not yet be able to help.

Text from decree:

"Section 5 Income tax under Part 2 of Chapter 3 in Title 2 of the Revenue Code shall be exempted for a foreigner categorised as Wealthy Global Citizen, Wealthy Pensioner, or Work­from-Thailand Professional who is granted a Long-Term Resident Visa under immigration law for assessable income under section 40 of the Revenue Code derived in the previous tax year from an employment, or from business carried on abroad, or from a property situated abroad, and brought into Thailand." (Strange that here, it only mentions employment, business and property income.)

Also note that this next section says that the exemption is suspended in the tax year that you do not comply with exemption rules.

"Section 7 In the case that a foreigner has applied tax reduction or exemption under this Royal Decree, and later does not comply with rules prescribed in Section 3, Section 4, Section 5, and Section 6 in any tax year, benefits will be suspended in that tax year."

So a bit odd... if you have the exemption, you are suspended effective in the current tax year but when receiving the exemption, it is not effective as of the current tax year.
Oct 15, 2024
a month ago
For 90 days report.

Before 90 days ,if we go out Thailand and come back.The report count from entry day or visa start day.
Oct 11, 2024
a month ago
John ****
ORIGINAL POSTER
Hi …….. if I move my savings to Thailand . Will the new tax rule affect me ? If I stay over 180 days ?
Sep 24, 2024
2 months ago
David *********
ORIGINAL POSTER
Got the top point - if I leave Australia for 11 months and live in 3 different countries none of them for 6 months, and do this year after year - do I keep Australia tax residency?
Sep 12, 2024
2 months ago
Stephen **********
ORIGINAL POSTER
This is aimed at UK expats. I am moving to Thailand in November. I have the sufficient funds to qualify but I have been informed that leaving UK I must close all my UK bank accounts. I have looked at expat offshore bank accounts the rates are poor and their are additional fees. Thai bank accounts having made my 800,000 deposit offer poor interest rates on other cash I might deposit. Looking for advice please.
Jul 24, 2024
4 months ago
Jeff ********
ORIGINAL POSTER
So this is an intersting hypothetical having read the DTV requirements on the Thai embassy website.. Any insight would be appreciated:

I receive a military disability pension and as a result, am tax exempt in the U.S. If I am on a DTV, will I be tax exempt in Thailand as well if I stay over 180 days, or will I have to pay tax on my U.S. (tax free) income in Thailand?
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