@Neil ********

My superannuation fund pension is totally tax-free as I'm over 60, and my investment properties are geared that I pay minimal tax. I don't use savings or cash management accounts. All cash goes into the latest mortgage, which can be drawn against. My shire portfolio consists only of blue chip shares, which earn very good dividends, all of which are fully franked, so using dividend imputation I get back what the companies have already paid in tax. My money is already structured that I pay minimal tax but I am accumulating great capital growth

@Neil ********

Yes it depends on individual circumstances. Thailand is no tax haven. I have a substantial property investment portfolio in Australia as well as a sharemarket portfolio. Australian tax residents get considerable concessions on these such as tax-free threshold, negative gearing, CGT discounts and dividend imputation. It would be financial incompetence for me to lose my Australian Tax Residency, so I ensure I meet the requirements year after year. This also means of course that the Australian Tax Residency trumps the Thai Tax Residency under the terms of the DTA, so I would only be required to pay tax on money actually earned in Thailand to the Thai tax office

@Rob ********

Not quite right. If a person retains tax residency in their home country, that country takes precedence over Thailand if they meet the criteria of the DTA residency rules

@Neil ********

You won't be taxed in Thailand either if you retain tax residency in your home country

@เอ็ดเวิร์ด ******

I think the OP is from Canada. They have a similar DTA, so if he retains tax residency in Canada he will not be subject to taxation in Thailand for pension payments

@Roberto ******

It's 1.2 million Baht, so 100,000 baht per month. Annual tax bill would still be about 170,000 baht

@Christopher ************

I don't need to. I have zero assessable income, what's the point?

@Roberto ******

I agree you don't get to pick, but under the terms of the DTA I am an Australian Tax Resident, that's just how it falls. I can file a blank form and sign it no problem, but it's unlikely they'd want that as I'm not a Thai Tax Resident and have zero assessable income. I don't know where the "bragging" comes in! 😂

@Roberto ******

I am also a tax resident of Australia, so under the terms of the DTA, Australia becomes my sole tax residency. It's you that does not understand the DTA!

@Gary *******

Actually you're wrong. Whether you pay tax in Thailand or not is dependent on your country's DTA with Thailand. You're obviously from the UK so I can understand your saltiness. I'd feel cheated too! 🤣🤣🤣. I won't be paying any tax in Thailand next year so I'm happy!