LivinLOS

No it is not.. I am unsure why people repeat and believe this, the information is easy to check online. https://www.gov.uk/state-pension-if-you-retire-abroad/tax-on-your-state-pension https://www.gov.uk/tax-uk-income-live-abroad When tax is not due or is already deducted Non-residents do not usually pay UK tax on: the State Pension interest from UK government securities (‘gilts’) If you live abroad and are employed in the UK, your tax is calculated automatically on the days you work in the UK. Income Tax is no longer automatically taken from interest on savings and investments.

Yes that should remain cear under the jan 1 2024 prior savings rules..

Still needed but it becomes a 365 day report 😉 it becomes once per year if you dont travel.

That may be the case for USA expats, thier DTA states it and I think from memory canada also. This is not the case for UK expats, and most EU countries whose DTAs I looked at, actually many scandivanian expats choose to pay taxes here at a lower rate than in thier home countries. In the case of the UK pensions only remain UK domestic source income for non residents on armed forces pensions and some civil servant pensions. The rest, both state and private pensions stop being UK taxable after a P85 filing. Paying taxes 'back home' is user error, not the correct use of the system, of course th UK doesnt exactly remind folks fo that and even incenivises not doing so (index linking, healthcare access etc).

For 4 years I filed zero returns, to the absolute bafflement of the revenue dept.. My reasons where I had bsuiness activity in UK and europe and was having to file in UK, Netherlands, and Ireland, I still do in 2 of those.. I needed be sure my home country filing was fully up to spec so that if demaned I could show it there, I had good earnings in each of those countries and claimed non residence there for tax remissions. To claim tax relief on large sums there but not have a home country tax return I could show was a much bigger risk than just forcing them to take the zero return. I admit it was odd, they appeared to never having seen anyone file 0 without Thai employment, work permit, and domestic source income.

Yes LTR visas are 0 rated for overseas income tax.. Exactly why I am transitioning to an LTR visa.

Because up to Jan 1st if they said thay all you had to reply was 'no this is savings from last tax year' as they cant look into your overseas bank t prove your liability, you had none. Now that changes, this year is pretty easy to argue the same, but as year by year goes by, the credibility of that argument becomes weaker.. In 2030 if you want to say you have lived off only savings, not investment returns for the last 6 years, proving that gets harder and harder.. Of course all this likely falls into the 'too hard' category.. But everyone now needs to be concious of it.. People using income, pension or otherwise for extensions are much more at early risk. They are the low hanging fruit on this.

Yes.. The issue revolves around what can be proven to be non-asseable and also how Thailand treats taxes paid where they should not have been. If nothing else this recent tweak of the rules has shown how few expats have a clue what they should do when they stop being resident of thier home countries and many have been paying taxes for years even decades for no reason at all.

That will depend on if you 'should' pay tax in your homne country.. If you filed a P85 when you became non resident of the uk, you shouldnt be paying taxes there.

Yeah pretty much.. Before they did not ask because a simple 'its last years savings' was the solution.. New they can ask and you need a better reason.. Theres still plenty of potential reasons, and a total lack of clarity about whch ones they may accept, how they view taxes paid elsewhere and tax credits, etc etc. But the possibility of needing to justify them is on the table, and if there is undeclared income in thier eyes, its 200% with the penalty. Guys who use the income method for extensions are signing a possible liability and handing it over, I cannot imagine that in a few years time a future government doesnt decide it just doesnt want that free tax revenue.

You seem to be purposefully not understanding the issue. In the past inbound funds could always have been claimed to be prior years savings, and as Thailand had no ability to determine that or not it was all ignored. Since Jan 1 inbound funds no longer can be written off as simply offshore savings from past years, and hence all inbound funds are potentially taxable here unless we can show them to be one of the multiple reasons why not eg correctly taxed under a DTA, prior savings, etc etc etc etc Without the loophole they fall into default taxable unless justifed not taxable, with the loophole as anyone could claim anything was prior savings and untaxable they simply didnt ask. If they choose to implement this is anyones guess, my gut is it is far too hard a task for regional tax officrs to be skilled in understanding 67 DTAs, sources of income, what is domestic sourced income etc.. But tax clearanes for extensions of stay renewals ?? Things that add friction and cost money ?? maybe..

https://msnagroup.com/thai-personal-income-tax-penalty-and-surcharge/ Believe what you like, those are simply the facts

And this may now need to be proven.. That what has changed, the shift from not needing to prove anything, now becomes needing to establish it is NOT taxable by showing that it was prior savings, DTA covered, etc... There are plenty of reasons why an inbound transfer isnt taxable income, but now they may demand that it is proven that it is not taxable income, a task we have not in the past had to do.

All inbound funds are 'potentially' income and may need to be justfied (DTA covered, prior tax paid, savings prior Jan 1, etc etc) to prove they are not. Before Jan 1 inbounds possibly were 'savings' under the old loophole and Revenue had no way to really dig into it, so never bothered. The onus on the burden of proof now changes, if they choose to enforce the rules stritctly.

Yes.. Anyone bringin in income the year they made it had a tax laibility in law.. The fact is as Thailand had no way to know what was income and what was prior years savings, they simply ignored what they could not enforce. Now the loophole has been removed and all inbounds are considered income unless hown otherwise, they 'may' start enforcing it

8 only worked this year from prior savings.. Next year the savings you bring in on Jan 1 were prior years income you didnt declare... That idea doesnt work year after year. 9 is 100% the way, you can gift your spouse / wife 20 million baht per year tax free, she can recieve the money and spend it in Thailand and as it was a gift under 20 million doesnt need to be included on a tax return as it isnt a liability.. Easy solution. Of course this doesnt help the 65k a month income for visa people. But it is a huge loophole that can be used for our benefit currently.

But there IS a liability (150k is the first tax free band) I hope your pension pays more than that a year.. So now it needs filing, in Thai.. and calculating, and any under declaration has a 200% penalty attached.. Its the work this generates as much as the tax.

US social security yes.. Private pensions and most UK pensions no. UK armed forces pensions and 'some' civil servants also remain uk taxed.

It is impossible to accurately comment on the combination of every person, every DTA and every source of income.. But in general strokes DTAs most often allow you to either claim back or obtain a tax credit, from the jurisdiction you no longer reside in, so tat you may remit it to the jurisdiction you do reside in.. They do not simply allow you to 'keep paying it back home' or 'pay it where you want to'.. Expats that live in developed countries, move around the EU, etc etc know this, because it is enforced to file returns and clearly how to pay taxes and claim credits. Expats here have long lived in a loose developing world model that appers to be coming to an end. Even if the shoe doesnt drop this year or next, how many years do you think it will be until one of the more anti foriegner governments comes up with the bright and no doubt vote winning formula of 'why should these foriegners that live here not pay when Thais have to' (even though only 4m Thais in a 67m population pay income tax). I cannot see how 'make them pay thier fair share, they are rich' wont be an easy sell. It might blow over, it might not happen this year, but you better believe over the years it will.. Plan accordingly.

Any assessed undeclared income is subject to a 200% penalty !! Thats how they do it.. Its your job to file, if you dont file and they determine you should have, its 200%.

Yes Thailand accepts a marriage dependant and has increased tax bads for married people.

are resident. I do cross border payolling and income tax for dual nationals as my career, what you just wrote is not not factual.. Once a Belgian leaves Belgium they are only liable for domestic source taxation, income that arises from a fixed assets in Belgium, things like rental returns, forestry income, etc are almst always taxed at source.. Income is broad but only income made from a specific belgian activity would even have a claim and then the claim would depend on residency tests etc.

Absolutely, this group are literally signing a tax liability and providing the proof of the liability with a bow tied around the top !!

You should not be paying UK tax once you stop being resident !! Once you leave the UK you should have filed a P85 which stops you being tax laible in the UK (where you are no longer resident) on all non 'domestic sourced' income.. Ordinary state and private pensions are then untaxed with only armed forces and some civil servants pensions being considered domestic source. Of course the downside of a P85 is that it freezes your UK pension from being index linked and denies you any emergency healthcare on return. However this is the way the system is supposed to work.

Yeah actually been doing that.. Mixed results but yeh.. But I have some travel coming up and need some now.. Am down from chiang mai anyway doing the wifes 3 visas needed for our summer, and just would like a few fresh pairs.. So.. Tall guy shops ?? Surely a city the size of bangkok must have 38x34 casual fit jeans.