Ivor the Engine
Nowhere man
Double Tax Agreements in Thailand
Double tax is a potential issue for expats and foreign businesses operating in Thailand or abroad.
www.belaws.com
Double Tax Agreements in Thailand
Double tax is a potential issue for expats and foreign businesses operating in Thailand or abroad.www.belaws.com
Earlier this year Surin Revenue Dept refused to sign a document for a widow who was subject to double tax, which would have enabled her to only pay tax in Thailand. They allegedly told her that Double Taxation did not apply to pensions!
I noticed on my accounts and my wife's accounts that external transfers to here have different codes..."Residents are liable to pay tax on income from sources in Thailand as well as on the portion of income from foreign sources that is brought into Thailand." I wonder how they will be able to prove one is bringing in income from foreign sources. What about savings, or inheritance money? All comes to Thailand from a bank or similar i na foreign country..WISE in the case of many farangs.
Any further info on this, now that I've got a second (Gov) pension it will be liable to taxation from UK."Doesn't apply"?.....................................meaning that pensions are exempt from taxation arrangements?
Iv'e done 2 transferees so far this year with no deduction evident in my Thai account--BTW, I pay no tax in Australia.Any further info on this, now that I've got a second (Gov) pension it will be liable to taxation from UK.
Will I have to pay tax from Thailand too or will it be exempt because of the UK Double Taxation Treaty????
Lucky you!Iv'e done 2 transferees so far this year with no deduction evident in my Thai account--BTW, I pay no tax in Australia.
Is the proposed Thai Tax paid on a yearly tax return ?Iv'e done 2 transferees so far this year with no deduction evident in my Thai account--BTW, I pay no tax in Australia.
Is the proposed Thai Tax paid on a yearly tax return ?
read somewhere, last week, that annually one has to submit a tax return. Suggest we wait to be asked ! Thai tax year is 1 January to 31 December...Could be a suitable time for computers to crash and one have memory loss
There are no deductions made by banks.
The new law says you will have to do your tax returns here in Thailand in March 2025 for the first time, if you (want to?) pay taxes here.
So @Prakhonchai Nick, 15% of SWEET F CK ALL calculated on the interest these bushrangers pay.Banks deduct 15% from half yearly interest payments from farang accounts
Any further info on this, now that I've got a second (Gov) pension it will be liable to taxation from UK.
Will I have to pay tax from Thailand too or will it be exempt because of the UK Double Taxation Treaty????
Because I always expect the unexpected when it comes to the treatment of expats over here.Why do you think you would be taxed twice on the same income?
Because I always expect the unexpected when it comes to the treatment of expats over here.
Because I always expect the unexpected when it comes to the treatment of expats over here.