Poll for expats

Anything and everything about Thailand

If Thailand really does impose an income tax on retirement visa expats, what will you do?

Poll ended at Tue Jun 11, 2024 6:17 pm

1. I would pay however much I would have to pay and remain in Thailand
4
33%
2. I would leave Thailand
1
8%
3. It would depend on how much I would have to pay
6
50%
4. Other - please specify
1
8%
 
Total votes: 12

Harald
Posts: 27
Joined: Sat Dec 30, 2023 3:55 pm
Has thanked: 2 times
Been thanked: 3 times

Re: Poll for expats

Post by Harald »

I am not that optimistic. In terms of tax treaties: do not expect Thais to pay much attention to that. They will tax you first and ask to claim credit while filing tax return in your own country. I will need to rethink my retirement plans so that not to stay more than 179 days per calendar year in Thailand. Big real estate investments in Thailand are out of question.
User avatar
Gaybutton
Posts: 23448
Joined: Sat Jul 31, 2010 11:21 am
Location: Thailand
Has thanked: 3 times
Been thanked: 1550 times

Re: Poll for expats

Post by Gaybutton »

Harald wrote: Wed Jun 05, 2024 6:54 pm In terms of tax treaties: do not expect Thais to pay much attention to that.
Really? Why not? Where on earth are you getting any kind of basis or evidence for that? I have seen nothing to indicate that Thailand intends to ignore tax treaties. If you know of anything that indicates disregarding tax treaties is planned and that's what they're going to do, please post where your information is coming from.

Otherwise, I'd say you're just making it up.
User avatar
Jun
Posts: 1804
Joined: Mon Jul 10, 2023 8:43 pm
Has thanked: 321 times
Been thanked: 201 times

Re: Poll for expats

Post by Jun »

Thailand will have plenty of opportunity to levy taxes that comply with tax treaties.

By the way, I HAVE encountered countries charging more tax than permitted by tax treaties. From memory, Germany charged me about 27% witholding tax on dividends, when they were only permitted to charge 15%. Their get out was to permit people to reclaim the excess tax. Which is too difficult for many.
User avatar
Gaybutton
Posts: 23448
Joined: Sat Jul 31, 2010 11:21 am
Location: Thailand
Has thanked: 3 times
Been thanked: 1550 times

Re: Poll for expats

Post by Gaybutton »

Jun wrote: Wed Jun 05, 2024 11:15 pm Thailand will have plenty of opportunity to levy taxes that comply with tax treaties.
I'll worry about it when Thailand actually does that. What Germany or any other country did is irrelevant. My interest is in what will happen in Thailand and so far there is nothing to indicate they are going to tax expats on pensions and Social Security - even if they have plenty of opportunity.
Post Reply