Coz that dog will likely come bite you in the ass later....Most of us pay net zero tax due to DTA's and tax credit. But you're still supposed to file, then deduct tax credits (tax paid in source country) depending on DTA's. Makes banking much smoother, and future safer having paperwork in order.
Thailand is no different that other countries. Its your own responsibility. Crying that nobody told you when your account gets frozen wont help in the future.
exactly this! I walked into Khlong Toei area 2 revenue office. Dressed formally (as you always should with thai offices). Copies of my paperwork, pre filled LP.10.1 form, bank statements showing the assessable remitted funds and explained that i need tax ID and why. 15 min later I walk out with tax ID.
You tell them politely what you need and why. They wonât argue if you come prepared.
Sometimes I wonder how people survived in their home country đ¤ˇđťââď¸
My net tax is still going to be zero. But why risk not having papers in order. Bank problems, future problems in Thailand when not being able to document stuff. Just bizarre people arenât taking it seriously. The rules are well documented, DTAs downloadable on the web. Pdf guides in English available for foreigners on thai RDA website
The rules are quite clear, well published, and easily confirmed by talking to a real lawyer or tax advisor.
Everyones situation is different, but in allot cases money remitted into Thailand are tax assessable.
- If you bring in money thatâs tax assessable according to Thai Law: youâre supposed to file taxes. Then potentially deduct tax paid in source country as tax credits . (Depending on DTAs)
- If you only bring in non-assessable funds: no need to file taxes.
What type of funds are assessable or not is well documented and can depend on country specific tax treaties/DTAs.
Itâs really not that hard. But I certainly recommend a good tax advisor if youâre unable to understand the rules.