Thailand Tax Update: What's Now Clear & What Still Isn't

00:00 Intro
01:18 Conditions for having to file a Thai tax return:

Based on the current interpretation of new tax regulations, you are required to file a Thai tax return when remitting foreign-source income into Thailand if:

1. You stayed in Thailand for 180 days or more in the year you remitted the income.
2. The remitted income was earned or arose in a year when you stayed in Thailand for 180 days or more.
3. The income was earned on or after January 1, 2024.

If you meet all three conditions in the year you remit the income, you have legal obligation include it in your Thai tax return to calculate personal income tax.

09:52 Demographics that don’t need to pay tax

15:39 If my income is not taxable, do I still need to file a Thai tax return?

18:57 Filing a tax return as a preventative measure

19:43 Speculation: why all pensions should not be taxable

23:12 How easy is it to file a tax return by myself?

29:29 Can I wait and not file yet?

31:44 Everything should get better in the future

32:55 Do I need to report ATM withdrawals and credit card use?

36:16 Pending clarification on pensions

38:55 Pending clarification on selling property abroad

41:49 Most other countries are worse than Thailand

42:33 Get a free tax consultation

[JettGunther]

It is pointless to ask questions in this comments section because no one here is qualified to answer them. The lawyers in this video will not be responding here.

[LivinginArizona]

I was planning on staying all year in Thailand until this came about. Now I have decided to find other places to live. Due to this complicated tax situation. It’s intimidating

[Seyah.freigh]

Foreigners, particularly retired expats should not be caught up in this complcated tax net.
The Revenue Dept should first concentrate on taxing the millions of thai " businesses" that currently pay no tax.

[iknowaiofficial]

After 16 years of living here im getting out 185+ days this year. Congratulations Thailand!! I am not willing to pay this much while i get nothing more than a rebranded tourist visa that each year is a massive hassle to renew.

[ArndtLaube]

This was by far the best explanation of the current tax regulations for expats in Thailand, which I have found on YouTube. Good interview, very competent people. Thank you!

[gordonroscoe]

The day I am met with a revenue bill on my pension, I am out of here.

[DouglasBaker]

You didn't have to translate to English. She did a great job and her English was perfectly clear. 😊👍

[francinedowling]

Some tax offices don't even know what countries have double tax agreement.

[Spewmonkey]

Imagine paying taxes to a country that treats you like a complete tourist and gives you absolutely nothing in return for the taxes paid, no path to citizenship nor any health benefits! Sounds like a great deal lmao.

[stan]

Thanks, Jett, for hosting this interview!

[WiltonManors-cmsx]

After all explanations, if you still have income, do not retire in Thailand stay for more than 180 days.

[winxtra]

just applied for O visa and having a second thought... I'm retired and don't want to get involved with these complicated regulation. I'm not working any shape or form in Thailand ( all my money are coming from pension and saving ) .

[bpaakwaan]

The onus is on the Thai Tax department to ensure that all tax residents are aware of their obligations.
It is not up to the individual to research articles, videos, gossip or social media to determine what they are supposed to do.
They could simply have all the required documentation available at the Immigration offices, so that when you attend it is available, or they could mail it out, in English.
Total confusion as usual.
Plus it would appear to be an opportunity for tax agents to charge exorbitant amounts to prepare what, in most cases, would be fairly basic returns.
My accountant in Australia used to charge approx. 4, 000 THB to prepare my annual tax return, including all the information for my investment properties, etc.

[LorneCrofts]

With this information confirming that the Thai Revenue Dept does not understand the new rules itself, how can you possibly have confidence in approaching them.

[michaelwhite]

I had a telephone consultation with Khun Patcha and things are clearer now. I would like to thank her and others in this video for the advice.

[VRocketScientist]

So in summary, if you stay in thailand for 180 days, you must get a tax ID and file a tax return. Most people aren't going to owe any taxes because they've already been taxed in their home country which has a treaty with thailand or it's non-taxable income. Doing the tax return yourself isn't possible because it's only in thai and they don't have the revisions to accommodate the deductions we need to take.

I went to the tax office in jomtien and it was clear that they don't really know what's going on. I just wanted the TIN so I could file online and they insisted if I get the TIN, I must file on the spot. They asked for how much money I brought in, how much I paid in taxes and I just gave ballpark numbers without showing any paperwork. The ladies eyes bugged at how much tax I pay in the USA (it's like 30x the amount of money i brought to thailand) and she said pay 5000 baht because I already paid "too much" to my home country. This is what she was telling everyone and I don't even think an actual form was filled out other than me signing my name on it. So I shouldn't be "audited" for having done the return but I did get swindled 5000 baht since the tax office doesn't really know what to do. She did say I could just not file and only go there if the government gives me a problem regarding my visa, claiming they're lazy and aren't going to check but I always want to do things right so I just ate it.

[gandhi]

People want to move to places that make tax simple, easy to understand, with minimal reporting requirements. Thailand is moving in the opposite direction.

[rickciardella]

Good that she called out Canada. I knew it already but it's good to have clarification. Thank you

[muhammadali]

Thanks Jett always nice to see you back ❤

[brianjc]

had free consultation with Thomas, he straighten out all my questions, and helped with my unique tax situation⭐