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thailand taxation
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This page displays all the results for the Thailand Taxation tag, sorted by the most recent activity. There are a total of 8 questions that have been tagged with Thailand Taxation. Explore the questions to find discussions and information relevant to this topic.
Since TAX and DTV keep coming up and we keep seeing headlines that thai authorities want to get stricter with enforcing the tax
.....Are there any countries currently which successfully enforce tax on money brought into their country (and how do they do it?)?
....Will the thai tax authorities go straight to Thai banks (if you have one) and request they share information on how much money is being brought in?
....With people without a thai bank it seem almost impossible for them to enforce tax on remittance income
....I'm probably gonna go back to working in thailand because I don't suddenly want to be lumped with a 200,000 k baht tax bill etc...
Does anyone know of a site where I can read about the pros and cons of DTV, please? Looks like we have to pay taxes in Thailand as well as my home country?
Firstly reading the dual taxation agreement I find no mention of now to treat pensions. Reading the HMRC briefing notes I find that Government pensions have full relief (subject to N and R) and all other pensions have no relief. In principle all Uk Government pensions are taxed in the Uk. However if your a national of and resident in another contracting state then you can apply to HMRC to pay no tax in the UK and instead pay tax where you live. So in our case you would have to be a Thai national living in Thailand to gain tax relief for your UK government pension and instead declare it to the Thai Revenue Dept and pay the appropriate Thai tax rate. Please correct me if this understanding is wrong. Now my question. Are UK government pensions assessable income in Thailand? If so then it would be on a tax credit basis for already paid UK tax? Which could mean after deductions and allowances that you fall into a higher tax band in Thailand and so would be subject to additional tax on remittance. So whichever way you look at it the UK DTA just means you either pay all the tax in Thailand in example 1 or you pay tax in the UK and then a bit more tax in Thailand in example 2. And to choose example 1 it is only an option if your a Thai national. Looking for someone to either confirm my understanding or correct me. Many thanks.
As a US citizen, do retirees pay taxes in Thailand?
Income earned inside Thailand during retirement is the only income subject to tax, while personal income from pension, interest, or other income sources in your home country is not subject to income tax in Thailand. This creates a 100% tax-free retirement in Thailand.