so ,, has anyone that is not employed, but has thai income registered with the tax office, and how did it go.
so ,, has anyone that is not employed, but has thai income registered with the tax office, and how did it go.
Why bother?
Depends on the office, but it should be pretty easy. You will register to get a TIN number, and you can then use that to pay income tax on things such as property rental income, stock dividends, and also income from overseas pensions etc.
Which will go to this question:
People with overseas incomes that are resident here, can pay tax on it in Thailand and not their home country, which can save quite a lot of money in some cases.
Maanaam has a Thai income, but is not legally employed, so he can advise you about how he got his TIN number to pay income tax on his income without any work-permit etc.
All good above, Lu.
Yet, taxing [generally speaking] is largely dependent on high yields/income/capital/etc where limits and taxed classes are not mandatory - similar as to how Thais are taxed.
good reply lu, so are u registered.. no one claims to be.
first you need to go to the local tax office and register and receive a 13no. tax id.no.known as a tin.
depending where your from,my eg.uk.they have a double taxation agreement with Thailand,so you don't get taxed twice.my pensions in the uk.are under the personel allowance so I don't pay tax in the uk. I have quite a bit of money in thai banks all except one are fixed term rates.they are taxed at souce 15%,your personel allowance in Thailand is 150,000bht.so if your income in Thailand don't exceed that amount like mine you can claim the tax back that has been withheld by thai banks.you must have that tin.no to claim,you will receive tax withheld certificates from your bank in the first week of January and must present them to the tax office before the middle of march otherwise you will be fined a small amount,you are allowed to go back 3yrs.to reclaim tax paid.dont forget this is THE UK.AGREEMENT WITH THAILAND.
^ Yeah, can be quite worthwhile financially.
Still no word from Manny about him getting his TIN so he could pay income tax on his Thai income without a Work-Permit or legal employment.
yes L. them that work without a WP. have to be weary of what they say at imm.no wp.how do you live they will ask.dodgy employer will stop tax anyway so your fked from the front to the back.even the tax office have asked the wife to prove where her money came from,[sale of house UK.] so she had to show the international money transfer certificate she got from the thai bank.between us we can earn 300k-400k interest before we have to pay tax,so for us peasants that's about 2% of 20million interest earned.
thanks for reply lu. may i ask, by employment or privatly earned.
Of course, of course. Bladdy British tax. Will be the death of me.
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