You Will Pay Thai Taxes ?? Well, It's not that Simple.
HTML-код
- Опубликовано: 8 фев 2025
- The English Version of Thai Revenue Department-
www.rd.go.th/e...
The entirety of Thai Revenue Code in english
www.rd.go.th/e...
An Easy Guide to Who Has To Pay
www.rd.go.th/f...
American Internation Tax Advisors Website
Remember to mention this Channel for a FREE 30 Minute Tax Consultation ( I do not benefit in anyway from this)
aitaxadvisers....
👉🌍Answers to Most Questions Are Here: www.chocolatem...
Email: Chocolatemaninthailand@gmail.com
Join this channel to get access to perks:
/ @chocolatemaninthailand
😎 / chocolatemaninthailand
😎 / chocolatemaninthailand1
😎 / chocolatemaninthailand
😎 / chocmanthailand
🤑cash.app/$Choc...
🤑Buy me a Coffee: www.buymeacoff...
🤑Paypal me: paypal.me/choc...
👕Merch: chocolatemanin...
Up your RUclips Game, Use Tube Buddy. Use my link for a great rate www.tubebuddy....
Milestones:
1 Sub Sept 11, 2020
1,000 Subs November, 28 2020
10,000 Subs Jun 13, 2021
20,000 Subs May 18, 2022
30,000 Subs Jan 21, 2023
40,000 Subs Aug 13, 2023
Gear I use:
www.chocolatem...
#Thilandtax #expattaxthailand
#thailandexpattax
I would not trust this joker or any of the foreigners who are only out to make money from you. Does anyone believe he is trying to help you? I think not. Just my opinion.
Thanks James, Thanks Thomas!
Great content, thanks. Of course, if you don't want to pay tax and go through the hassle of filing a tax return in Thailand, stay less than 180 days a year in Thailand. Why would I be willing to pay Thai tax on remitted pension income when not a citizen or running a business in Thailand? What benefits do I get for being a foreign taxpayer in Thailand that would justify this expense? Paying tax just to live there year round is unreasonable.
Thanks James for the information, but I will not go to or take tax advice on Thai taxes from an expats, If I have to, I will go to a Thai national for advice for Thai tax advice
There office is staffed with Thai Nationals who are Tax professionals as mentioned in this and previous videos .
@@ChocolateManInThailand That’s cool I don’t trust him
🤷🏾♂️
You are probably guaranteed to have a different experience than me if you visit the Thai revenue office for your location.
Mine was great. My local office mgr called his provincial mgr who fortunately speaks English. Very courteous and helpful conversation with both. Yes, this included discussion about dual tax treaty between Thailand and my home country.
Turns out I need to file but likely my tax bill will be zero. The provincial boss said my local office will gladly assist me in filing my return once I come back with my numbers.
So your local revenue office MIGHT be a helpful resource.
@@andrebrooks1961 Yoi are the joy that just keeps on giving lol.
Basically if you have a Thai bank account, foreign remittances will be logged and reported to the tax authorities. The banks have to do this. Thus you need to manage how much you send over from your home country. If you have a Thai wife/girlfriend/partner, you can also remit to their Thai bank account, and thus split the monies being sent over. For example my wife manages the food and house keeping finances. She remits money for this.I remit money over for car, etc. Buy stuff on Lazada using a foreign credit/debit card this means you don't need to use remitted money for alot of things. You can even buy alot of food stuffs, cleaning, oil, etc on Lazada. So it can be quite manageable. Non of what I suggest is illegal.
Im a veteran at 43 who receives a monthly payment pension from my 18-year service. I think I heard him say I'm exempt, but I'm still not sure, I'll give him a call. Great vid mate
Yes, please call.
They can code the military exemption within their tax number or make a new form for that population
Good to see a video from you, and thank you for the information, bro.
Your channel is awesome Chocolate!
Glad you enjoy it!
Soon as I get there I'm coming too see you😂 Peace of Mind is Priceless 🙏🏾
Thanks for the video. Great to see you. Stay safe
Hey James, nice to see you online again. Is this "dress down Monday" for your tax advisor Thomas? Still no further clarity or guidance from the Thai Revenue Department. Just best to stay no longer than 179 days. So many great neighbouring countries to travel and explore.
This is not tax advice 555 I just ensure never being in Thailand for longer than this.
Yes, if you think that is for the best 😉
I thought about that also but i think for myself, after the first year. that would be a pain in the as lol
$400 to file??? I don't pay half that in the states.
I'm retaining this vdo for your public testimony. Thanks 👍
Awesome
I lived in Europe for 8 years and had to deal with the complexities of double taxation treaties and local tax compliance issues. The only way to effectively comply with these rules I needed to hire a taxation specialist. Seems like the same case for Thailand. A bit unfortunate but required given the stakes for me personally.
Great video and very interesting even though I haven't been to Thailand for a very long time I still intend living there in the future. Thanks for giving us this very valuable information via this video.
Our pleasure.
Great video chocolate man. I’m not going to stay there. Greedy government if the money isn’t made there. It’s none of Thailand business. They should just be happy money is being spent there.
Ok. Take care.
The Pattaya branch is not open till the middle of march according Chris in bkk head office
What do I get out of it, e.g. Health insurance? Same rights as Thais
Is this man allowed legally to give tax advice in Thailand?
Information on how you can contact the office directly is in the description.
No
First and foremost excellent information and good video. FYI: the system for me which is easy and most of all very fun. The SE Asia plan Thailand for 89 days, Philippines 177 days, Thailand 89 days and back to Hawaii 3 months rinse and repeat. Just be sure you have good health insurance that will repatriate you to Hawaii or your place in your country.
Be careful with tax scams. A husband of one friend of mine just got tax scams not very long Just be careful make sure who's you pay it to and better go to the tax office by yourself might take time but you safe and save your money too
VA disability fall under the same category as federal pensions?
Video Time 20:32.... Gifting to Thai GF ✅️ up to 10M bhat... Cool 😎 I'm covered then. AND SS is not taxable either under Thai/US tax treaty.
Thank you James. Watched A to Z.
You da man bro! Thanks
What has specifically been made law? Please advise the new law, if any?
Let's see where I should start. I am a Vet like you, so it is not taxable. I am not required to file in the USA. I enquired with your guest's Tax firm last summer and was quoted $500 to do a return. No, thank you. Plus, with the Thai Tax form not being ready to put the amounts in the correct places, it seems like there are still plenty of kinks to work out. I will choose to ride this out, and if it gets out of hand, bail to Laos or Cambodia, as Thailand will no longer be a great place to relax and retire.
That is your choice. Btw the fee is 400$ and only if a return has to be accomplished. Good luck.
I appreciate you my brother 🙏🏾
Thanks!
It's like a block of Swiss cheese at the moment. Until all thai's are on the same page I'll wait for now.
Thank you very much
Correction. All LTR visas are exempt from filing tax on foreign income for full time residents. No tax id as long as the income is sourced outside of Thailand. This is by far the best visa out there in almost every respect.
State the source for this shady statement please
They don't even want to give people tax ID numbers (at least the revenue office here in Bangkok doesn't) so why would I make any further attempt to get involved? I tried, they told me no. I move on.
Fair enough. Proceed how you see fit.
If you live in Thailand you know there may be a different experience in each province .... Some can get a tax ID number very easy ( Pattaya ) but others may have a real problem. Get it yourself or call the office if you need help obtaining a tax ID number or just have questions.
Thailand has an agreement with 61 countries, no dual tax, USA, UK and most of Europe are included in this.
Yes, that is correct. This information is available at the links in description 😉
What is AI Tax Advisers Pattaya office address? Thanks
Man the tax man is every damn place
Call them Each Nationality and source of funds is different because each tax treaty is different.
Interesting conversation. My perspective is that if a DTA covers government pensions or similar, it would not be considered ‘assessable income’ for tax purposes. Quote from Revenue Department website ‘In general, a person liable to PIT has to compute his tax liability, file tax return and pay tax, if any, accordingly on a calendar year basis.’ If I’m wrong , I’ll pay the 200B fine.😂 TIT.
Are debit cards treated the same as credit cards?
I hope this officials will understand all this issues
1. THere is NO LAW targeting foreign retirees for income taxes. Foreigners WORKING in Thailand have always been subject to "POTENTIAL" income tax.
2. This urban (internet) myth started when YOU TUBERS said "What if? " Other RUclipsrs picked up and started to use this topic as "CLICKBAIT"
3. When it is written in the Gazette, then retirees will adjust.
Thanks for the video and information. So all I got out of this was. If I want to live in Thailand and make any kind of semi-major move. I need to try and figure out to put money into a hong kong pension and then bounce it to Thailand. Am I summarizing that correctly? lol
I'd make the call or hit the books first 😉
So he said Social Security is not taxable.
Please give them a call for any clarification. You can also research The US and Thai Dual Tax Treaty.
Dude's got his facts incorrect regarding visa types, no taxes for LTR holders.
No tax on Military pensions etc.
No tax on LTR is incorrect, but of course up to you. Military pension was mentioned in this and previous videos. Have a great day.
@ChocolateManInThailand now you're regurgitating incorrect info - look it up without blindly taking someone's word for it. LTR for Wealthy Pensioner is fully exempt from taxes - there are four LTR categories, not just one. If your going to post to the masses - you should have your info squared away...
No need to argue. Believe what you want😉
@@ChocolateManInThailand own your content RUclips Guy. Be humble enough to correct along the way.
Lol, you're one of those huh? Ok you're right, that you think you're right. Feel better?😘
but how can dividends be taxed if the initial stock buying occured years before. isnt it First in First Out (FIFO) with Stocks ?
thats how majority of the world treats dividend income as well as stock sellings
Make the call! They are waiting for you. It's free.
ATM 🏧 withdrawals too… 😤😤😤
Get Charles Schwab at beginning of the month they refund all the atm charges best bank card ever in my opinion
Here's another fact , since this is going to Be the Norm As been reported to happen for over a Year , WE all can rest assure Immigration's issuance of renewal or approval of whatever type of Visa One has will hinge upon this documenhtaion of Taxation status satisfied ,
I'm grateful my situation isn't complicated I deed own RealEstate Income properties in NYC but is handled by a U.S. Tax firm
while my income is direct deposited into U.S .bus S.Corp Checking , That income is never wired into Thailand But what i must Report is My Tax Exempt U.S Military Pension & social Sec wired into My Thai personal Bank acct into Thailand monthly ,
I know Thomas and Ken 👍
No you don’t need to pay any taxes in Thailand because there is no law to do that!!!
I better start reading the Thai Gazette.
Get on it😉
The new interpretation of Thailand's tax law regarding foreign-sourced income was issued by the Thai Revenue Department on September 15, 2023, as Departmental Instruction No. Por 161/2566. This instruction provides guidelines for tax officers on determining the personal income tax implications for foreign-sourced income brought into Thailand by Thai tax residents.
You & Brother Alex Bam Bam are awesome brothers.🖐🏿🌍💪🏿🌎🖐🏿
It’s very confusing
WOO good not a live stream.
View's down big time 😮
you are talking in circles sir 🤔
💩
😉