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Hi, 

I am living in Thailand, on a retirement extension of stay visa. I was asked a question, am I a Thai resident.

So am I classed as a Thai resident?

The reason for this question is, I am a non-resident citizen of the UK so I don't pay tax on Dividends from uk companies. 

Thai rules state, if I am a non-resident in Thailand I don't need to file a tax return. If I am a Thai resident I have to file a tax return and pay tax on any income.

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36 minutes ago, Selwyn said:

I have to file a tax return and pay tax on any income.

 

I've read that this is not so. You do not have to pay tax on foreign income if the income is brought into the country in the year after you received it. So if you have dividends and keep them on a UK bank account till january the next year you do not have to pay anything.

 

This was how I understood it. It can be smart to get professional advice if you worry.

 

Apart from laws and regulations, I do not believe that the Thai tax authorities can find out how much income you receive from abroad.

 

 

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Ok Thanks for your help. Yes it is the same as Sweden but income payed in dividends from the UK, as a Non Res citizen, is exempt from tax.

I think, as you advise, seek professional help

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9 minutes ago, Selwyn said:

Ok Thanks for your help. Yes it is the same as Sweden but income payed in dividends from the UK, as a Non Res citizen, is exempt from tax.

I think, as you advise, seek professional help

I am an Australian citizen and live here in Thailand as a non-resident, and invest in the Australian Stock Exchange.

 

No tax is payable back home or here as the dividends that I am paid are fully franked, i.e. the tax has already been taken out before I receive my return on investment, so I have never paid tax here and don't believe I have to pay tax here, that would be double dipping, however if the share that I invested in wasn't fully franked, i.e. tax not taken out of when the dividend was paid, I would have to pay the tax back home, and as far as I recall, it has nothing to do with Thailand as far as my accountant has advised me.

 

The above said, I make sure my shares are fully franked, just in case I would also have to pay tax here as I would back home, besides going fully franked means I don't have to do a tax return which saves me going through the BS 🙂

 

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You are OK. You are non tax resident both in UK and Thailand. Dimitriv is correct about the 1 year for importing overseas income into Thailand. 

 

I had a similar question so went to the Tax office (Thailand) to see if I could get a tax ID number. Described my situation (UK  & retired) and they told me I "could not have a tax ID" unless I intended to have earnings from within Thailand.

 

 

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23 minutes ago, sometimewoodworker said:

I am a retired U.K. citizen in Thailand, I got my tax number recently, I have claimed back the interest on my bank account. So you were given incorrect information.

Interesting. Do you have to file a tax return each year?

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You are not a Thai resident. You don't have to pay tax. I do  have rental incomes from USA and transfer them here in to Thailand every month and I don't pay taxes. 

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18 hours ago, jackdd said:

Not in general, but if you spend more than 180 days a year in Thailand you are considered resident for tax purposes.

Not necessarily. If he doesn't earn any income in Thailand he will not be required to pay tax from overseas income. No matter what, he is not a Thai resident. In order to be a Thai resident he has to have the Thai resident card which is retires can not get it. But if you go to the tax office or whatever it's called and insist paying tax then they will not say no, they will happily take the money.

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Posted (edited)
13 minutes ago, sencelebi said:

Not necessarily. If he doesn't earn any income in Thailand he will not be required to pay tax from overseas income. No matter what, he is not a Thai resident. In order to be a Thai resident he has to have the Thai resident card which is retires can not get it. But if you go to the tax office or whatever it's called and insist paying tax then they will not say no, they will happily take the money.

As far as I know this is not correct. If you are here more than 180 days you have to pay taxes. If you transfer your income in the same year you earned it to Thailand you will have to pay taxes. Take for instance a pension you transfer every month to your Thai account. 

 

Read here too

 

https://www.mazars.co.th/Home/Doing-Business-in-Thailand/Payroll/Personal-Income-Tax

 

Edited by Oldie

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19 hours ago, glegolo said:

For me as a swede, we have a double-tax-agreement in place with Thailand, saying that; where ever I earn my money, that is where I pay my taxes.... 

Dont you  as an english citizen, have such an agreement as well...??

 

glegolo

Yes.

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You maybe Non Resident for Tax Purposes, but your domicile is as per passport, ie UK Resident for Domicile, that would only change if you gave up your right of abode in the UK and had Domicile / passport in another country.

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Posted (edited)

i have some shares on the SET and the dividend payments are tax deducted 10%

The Thai Tax ID number it states is just my UK passport number

If it is necessary/makes things easier for you to have a Thai tax ID, perhaps just invest a few thousand Bht on the SET so you will be issued an official number

Hope this is of use to you 

Edited by sidgy
misspelling

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