RE: "a retiree aged 65 years of age, married and living here full time, supporting a Thai wife who has no income and doesn’t file tax return, is allowed the following:
a. Personal Allowance for self - 60,000
b. Personal Allowance for wife - 60,000
c. Over age 65 years exemption - 190,000
d. 50% of pension income received, up to 100k - 100,000
e. In addition, the first 150,000 of assessable income is zero rated and free of tax"
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So if a USA national sends 209,965 baht wire transfer, this precludes the need to get a TIN and file any PIT? Assume rate 35b per USD.
The assumption being, 150k no tax, 60k personal exemption = 210k baht
Under 65, unmarried, no children, no pension, no insurance etc. Assuming these facts, is 210k the correct total deduction before tax consideration, or am I missing another available deduction? My research says it is 210k.
Also curious about the "gift" avenue. If the gift amount is to an unrelated local person, let's say under 100k baht for the year, is this still considered income that must be included to the 209,965b?