IraqRon Posted July 15, 2019 Share Posted July 15, 2019 as reorted in the discusion with jomtien imm. chief, he says that pensions are taxable. next shoe to drop? Link to comment Share on other sites More sharing options...
Jingthing Posted July 15, 2019 Share Posted July 15, 2019 Why not just come our homes and shoot pepper spray in our faces? The way this is going it will have to same effect. That said, I will believe that change will actually happens when it actually happens. Link to comment Share on other sites More sharing options...
marcusarelus Posted July 15, 2019 Share Posted July 15, 2019 Subject to the provisions of paragraph 2 of Article 21 (Government Service), pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State. http://library.siam-legal.com/thai-law/u-s-thai-tax-treaty-pensions-and-social-security-payments-article-20/ Link to comment Share on other sites More sharing options...
IraqRon Posted July 15, 2019 Author Share Posted July 15, 2019 4 minutes ago, marcusarelus said: Subject to the provisions of paragraph 2 of Article 21 (Government Service), pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State. http://library.siam-legal.com/thai-law/u-s-thai-tax-treaty-pensions-and-social-security-payments-article-20/ so, what is the definition of state in this ref.? Link to comment Share on other sites More sharing options...
MeePeeMai Posted July 15, 2019 Share Posted July 15, 2019 If Thailand starts taxing foreign pensions and requires expensive and useless medical insurance policies for extensions of stay then they will get their wish. Most (if not all) non-o pensioners will leave for good. Link to comment Share on other sites More sharing options...
LivinLOS Posted July 15, 2019 Share Posted July 15, 2019 Said this as soon as people started depositing pensions directly each month.. The 800k savings route is safe but those reporting directly bringing pensions in are literally signing a tax liability. I mean, why would Thailand just ignore that free revenue ?? Link to comment Share on other sites More sharing options...
MeePeeMai Posted July 15, 2019 Share Posted July 15, 2019 Just now, LivinLOS said: Said this as soon as people started depositing pensions directly each month.. The 800k savings route is safe but those reporting directly bringing pensions in are literally signing a tax liability. I mean, why would Thailand just ignore that free revenue ?? Should be safe from "double taxation" if your country has a tax treaty with Thailand (as the USA does) but who knows whether Thailand will honor that treaty or not. Link to comment Share on other sites More sharing options...
userabcd Posted July 15, 2019 Share Posted July 15, 2019 Usually the tax authority should be dealing with tax and is dependent upon several factors, residence, taxes already paid and double taxation treaties. Link to comment Share on other sites More sharing options...
ubonjoe Posted July 15, 2019 Share Posted July 15, 2019 No directly visa related. Moved to here. Link to comment Share on other sites More sharing options...
asiaexpat Posted July 15, 2019 Share Posted July 15, 2019 1 minute ago, LivinLOS said: Said this as soon as people started depositing pensions directly each month.. The 800k savings route is safe but those reporting directly bringing pensions in are literally signing a tax liability. I mean, why would Thailand just ignore that free revenue ?? Immigration officials are poor sources of Revenue Department and Foreign Ministry information. Those concerned about their tax liabilities should investigate their home country/Thailand agreements on taxation. Most pensions are taxed by the home country. Link to comment Share on other sites More sharing options...
userabcd Posted July 15, 2019 Share Posted July 15, 2019 10 minutes ago, IraqRon said: so, what is the definition of state in this ref.? Really? Link to comment Share on other sites More sharing options...
MeePeeMai Posted July 15, 2019 Share Posted July 15, 2019 7 minutes ago, IraqRon said: so, what is the definition of state in this ref.? Country. Link to comment Share on other sites More sharing options...
owl sees all Posted July 15, 2019 Share Posted July 15, 2019 23 minutes ago, Jingthing said: Why not just come our homes and shoot pepper spray in our faces? The way this is going it will have to same effect. That said, I will believe that change will actually happens when it actually happens. What with this and the 'shop a working farang' theme. Forget the pepper spray; just shoot us! Link to comment Share on other sites More sharing options...
marcusarelus Posted July 15, 2019 Share Posted July 15, 2019 15 minutes ago, IraqRon said: so, what is the definition of state in this ref.? Read the link. JT and everyone else who has been around knows he is just leading you fellows on for a while. Link to comment Share on other sites More sharing options...
userabcd Posted July 15, 2019 Share Posted July 15, 2019 13 minutes ago, LivinLOS said: Said this as soon as people started depositing pensions directly each month.. The 800k savings route is safe but those reporting directly bringing pensions in are literally signing a tax liability. I mean, why would Thailand just ignore that free revenue ?? Well if taxes have not been paid in the home state on the pension income being deposited in Thailand each month and the tax payer is resident in Thailand then the taxes theoretically should be paid in Thailand on that income subject to threshold and allowances etc... Link to comment Share on other sites More sharing options...
IraqRon Posted July 15, 2019 Author Share Posted July 15, 2019 4 minutes ago, userabcd said: Usually the tax authority should be dealing with tax and is dependent upon several factors, residence, taxes already paid and double taxation treaties. Why is an immigration official bringing up taxes and discussing personal taxes with you? not a personal discussion, was in the fab103 transcript of their meeting with the imm. chief of jomtien. didn't you listen to. and by the way, if i did have this discussion i don't feel the need to tell anyone why. Link to comment Share on other sites More sharing options...
Lacessit Posted July 15, 2019 Share Posted July 15, 2019 Seems to me the amount of clickbait hysteria on the basis of unsubstantiated statements from dubious sources is trending up on ThaiVisa. Link to comment Share on other sites More sharing options...
Kopitiam Posted July 15, 2019 Share Posted July 15, 2019 This is getting more and more ridiculous. We just had a thread with OP stating that the banks will prevent you from withdrawing your 400k in your account. Now this nonsense about taxing your monthly pension income. Why stop at taxing monthly pension income? What is the difference if I accumulate 12 months of pensions and put it in my bank account as 800K? To be taxed too? Why people are so paranoid? Don't believe anything until it is gazetted as law/order. Even after that, there are so many interpretations. Why stress over something that is not in existence? Link to comment Share on other sites More sharing options...
meand Posted July 15, 2019 Share Posted July 15, 2019 21 minutes ago, MeePeeMai said: If Thailand starts taxing foreign pensions and requires expensive and useless medical insurance policies for extensions of stay then they will get their wish. Most (if not all) non-o pensioners will leave for good. You said it like it would be a bad thing. Link to comment Share on other sites More sharing options...
meand Posted July 15, 2019 Share Posted July 15, 2019 3 minutes ago, Kopitiam said: Why stress over something that is not in existence? I am putting this up right now, for Thaivisa sentence of the year. Voting starts now. You heard it here first. Repeat those words of his in half the threads you see in this place and you will be fine. Link to comment Share on other sites More sharing options...
userabcd Posted July 15, 2019 Share Posted July 15, 2019 8 minutes ago, IraqRon said: not a personal discussion, was in the fab103 transcript of their meeting with the imm. chief of jomtien. didn't you listen to. and by the way, if i did have this discussion i don't feel the need to tell anyone why. I have no idea what fab103 is and what you are referring to. Link to comment Share on other sites More sharing options...
Sheryl Posted July 15, 2019 Share Posted July 15, 2019 Scare mongering Thailand has tax treaties with most of the countries retirees are from which would preclude this Immigration staff are not tax experts and have nothing to say about what income is and is nto taxed Link to comment Share on other sites More sharing options...
owl sees all Posted July 15, 2019 Share Posted July 15, 2019 13 minutes ago, userabcd said: Well if taxes have not been paid in the home state on the pension income being deposited in Thailand each month and the tax payer is resident in Thailand then the taxes theoretically should be paid in Thailand on that income subject to threshold and allowances etc... Don't tell 'em. How would they know? Link to comment Share on other sites More sharing options...
ratcatcher Posted July 15, 2019 Share Posted July 15, 2019 9 minutes ago, userabcd said: I have no idea what fab103 is and what you are referring to. Link to comment Share on other sites More sharing options...
scubascuba3 Posted July 15, 2019 Share Posted July 15, 2019 I think there will be DTR double tax relief, i.e don't pay tax in both say UK and Thailand. The different rates might need to be looked at.But the monthly income 65k from pension is a set up ready to just kick off the tax process Link to comment Share on other sites More sharing options...
owl sees all Posted July 15, 2019 Share Posted July 15, 2019 35 minutes ago, Kopitiam said: This is getting more and more ridiculous. We just had a thread with OP stating that the banks will prevent you from withdrawing your 400k in your account. Now this nonsense about taxing your monthly pension income. Why stop at taxing monthly pension income? What is the difference if I accumulate 12 months of pensions and put it in my bank account as 800K? To be taxed too? Why people are so paranoid? Don't believe anything until it is gazetted as law/order. Even after that, there are so many interpretations. I don't think you get it Kopitiam. First they are trying to get us with the paperwork; the TM this and that. Then its the medical insurance. Then it's the visa regulations. Now it's tax the pensions and shop the farang. Finally when we are in hand-cuffs, and we ask sheepishly if we can have back our 800k, just Cheshire cat grins all round and lots of pointing in front of the cameras. Link to comment Share on other sites More sharing options...
Thaidream Posted July 15, 2019 Share Posted July 15, 2019 On 7/15/2019 at 6:40 PM, LivinLOS said: Said this as soon as people started depositing pensions directly each month.. The 800k savings route is safe but those reporting directly bringing pensions in are literally signing a tax liability. I mean, why would Thailand just ignore that free revenue The money is not earned in Thailand or originated in Thailand as any form of income. The Immigration person is blowing smoke- they don't like the income method- too much work and using the 800K also allows agents into the system. Link to comment Share on other sites More sharing options...
marcusarelus Posted July 15, 2019 Share Posted July 15, 2019 1 hour ago, Jingthing said: Why not just come our homes and shoot pepper spray in our faces? The way this is going it will have to same effect. That said, I will believe that change will actually happens when it actually happens. So why not tell them that this has been discussed many times on here and the answer has always been the same. You only pay tax once and Thailand has treaties which guarantee this. Link to comment Share on other sites More sharing options...
Puchaiyank Posted July 15, 2019 Share Posted July 15, 2019 I love these threads! Link to comment Share on other sites More sharing options...
owl sees all Posted July 15, 2019 Share Posted July 15, 2019 14 minutes ago, Thaidream said: The money is not earned in Thailand or originated in Thailand as any form of income. The Immigration person is blowing smoke- they don't like the income method- too much work and using the *))K also allows agents into the system. Let me interject there Thaidream. The recent topics on sending money to Thailand has been debated long and hard. If you use TransferWise (say) the chances are that your account will show a deposit from another Thai bank, when you transfer. It will not be long before we are asked to explain every itemized transaction; both in and out. The Thai government have spies on TVFourm. Sleepers. Paid to watch and read; silently. Get your plan B reads brethren. Link to comment Share on other sites More sharing options...
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