IMPORTANT Thailand Tax Info Plus Jasmin Pattaya

[@barrydwyer2039]

In the UK, you have a personal tax free allowance of about £12,500 (550,000) baht PA. In Thailand you have a personal tax free allowance of B 150,000 PA, making B 400,000 liable for income tax at varying scales of 5%, 10%, 15% etc until you reach the DTA. So a UK pensioner retired in Thailand would end up paying tax on a proportion of his income that was tax free in the UK.

[@peterpower7840]

@@Joseph-wu6kd your statement is nonsense and demonstrates you have no clue what you are talking about. Remittances into Thailand if assessable will be taxed based on a tiered tax rate system. Stop talking rubbish and educate yourself.

[@peterpower7840]

Let's put the taxation issue into perspective. Thailand population around 70million. From the Revenue Dept 2023 figures there were 11million tax filings of PIT. Of the 11million filing 8 million were filed for tax reimbursements. That leaves a tax base of 3 million people paying PIT. Thailand has over 60 active DTA's. Thailand tax system is based on voluntary filing meaning nobody from the Revenue is going to be knocking on Mr Smith's door at his View Talay Condo because he has not filed a tax return by the due date. The Revenue enforcement team has limited manpower and capacity - they are going after the billion baht guys. Mr Smith can sleep easy. A saying from where i am from leaps to mind - Everybody calm your tits.

[@chandlerbingbong]

I can't help thinking all these possibles and variables will end up losing the Thai gov serious money as people look elsewhere to spend their life savings in retirement etc.

[@johnwilliams9156]

It is NOT a criminal offence to be in Thailand for more than 180 days (that is be a tax resident) and to not have a Thai TIN. It is ONLY required that you have a Thai TIN if you are a tax resident and have income over the tax threshold - which is THB120,000 if single or THB220,000 if married. It is bad enough that there is not clarity on many items from the Thai authorities, but matters are only made worse by supposed tax experts making completely false statements.

[@STEADY599]

This kind of video is what makes your channel so good. Tax is a subject we'd all rather avoid, but people need to be aware of all this.

[@NDTViThailand]

Really controversial subject video out tonight. 👍

[@sbain844]

No problem for most of us, 180 days in Thailand is plenty, there's always Vietnam, Cambodia, and the Philippines for the other 185. It's obviously a bigger problem if you have a Thai wife, own a condo or a business... but then that was never recommended lol.

[@phil111ify]

Its easy to say but who wants to keep moving around, gets a bit annoying espescially if you makes friends etc

[@chandlerbingbong]

@@phil111ify Do wrinklies want to keep moving when they're 70 or 80?

[@sbain844]

@@phil111ify Yeah, obviously it's not ideal, but most settled guys are on pensions, and by the sound of it they won't need to pay tax anyway.

[@sbain844]

@@chandlerbingbong The wrinklies are on pensions, so no tax to pay. The real problem the wrinklies will likely face is a worsening exchange rate - the west is heading into an economic collapse imo, and it's going to hurt our currencies.

[@NDTViThailand]

As suggested in some comments (like 35% tax) are way off the mark. Thailand has always pushed for retirees to live here if they tax them on their already taxable pensions there would be a mass exodus. No doubt it will affect many foreigners here but not those retired in my opinion.

[@arthurdunga345]

sounds like another hoop they want us to jump through, puts people off coming to live here a bit more

[@NDTViThailand]

In truth as was said no one really knows yet.

[@sargy1916]

Tax Proposals Up to 150k baht - No Tax 150 to 300k baht - 5% 300 to 500k baht - 10% 500 to 750k baht - 15% 750 to 1m baht - 20% 1m to 2m baht - 25% 2m to 5m baht - 30% Over 5m baht - 35%

[@paultaylor8149]

+ 60k single persons allowance on all if your single there is a married Allowance but forget what that was cus I’m single 😂

[@jgb4unme1]

Thanks for the info, Nick. Always appreciated. And thanks for being real and sensible about it; there’s so many folks that are likely blowing things out of proportion. That being said, I’m maybe a year away from a move to Thailand and I’m definitely watching this unfold with some interest:)

[@MrRawUK]

Jasmin cafe is great. I found it via google whilst in Pattaya last month. Only downside is it's really small and you often can't eat inside . You have to be seated outside where there is no air con. 10/10 food though!

[@LOB4VR]

On point with Jasmine’s on Klang - been going there for over 6 years. Great Thai food

[@davidmitchell8740]

I appreciate your dad's service and defending our way of life❤😊

[@JasonRuppVlog]

Good info and awesome video again. Thanks Nick!!

[@THEPete_]

Massive respect for selling poppies Nick! 👍🏻

[@D-Bomb2024]

Hopefully the weather is better on Thursday. All cashed up and ready to monger!! #2weekmillionaire

[@kiyoshitakeda452]

Glad I only visit Thailand. Love rainy PTT. Besides it does not last long. Thanks for the updates.

[@siscott6066]

I love raining season in Thailand, but wow 😳 they have ripped the guts out with that building. As for the retired ex pats they will be thinking is it worthwhile retiring in Thailand and move to countries which doesn't have tax laws like Thailand have adopted and why have the hassle when you have officially retired for ex amount of years, considering the majority of elderly ex pats are not computer literate and why should they be they are supposed to be living out there days waiting for the grim reaper to come knocking. I'm going to a veterans funeral tomorrow afternoon who was on DDay landing and the south of France landings and as well as Hong Kong he was 99 years old his own family didn't even know what he did in WW2 his coffin will be draped with the Union Jake with standard bearer's every veteran will be with medals and regimental beret lining the entrance to the church, just like my father ( i had to drag out of him what he he did over when i was in the Brigade of Guards) whilst he was in WW2, Korea and Palestine wars his statement was at the end "no civilian should see what he has seen or have done". We were evacuated from Libya they were shooting at us I was with my mum when my dad was fully armed with a 303 rifle that looked pretty much pissed off he ran over to the defensive position organised his men and took the fire fight to the Libyans we didn't see him for a few weeks we landed in Cyprus he followed on we didn't know if he was alive or dead at that point. This is why the British citizen really need to know their history before saying we are the aggressor if it wasn't for the likes of my father plus all the veterans who are still alive and our fallen comrades who gave the ultimate sacrifice defending the UK European citizens from the Nazis and a small percentage terrorists of islam because not all Muslims are bad Muslims.

[@davidbuckley9307]

Cheers Nick, as always good honest advice. Big respect reference the Poppies, its def a respect thing for me to. Hope to see you in Dec

[@Nobodyknowsmeanymore-n4f]

Good man for the poppy selling, thank you.

[@rickstar101]

That was a very 'taxing' but excellent and informational vlog Nick! 😆see ya on Sunday ! 🥳

[@asianight9188]

Just had a few days in Bangkok and kanchanaburi, it rarely rained, just a short drizzle twice in a week, more rain in Stoke

[@Teccie46]

What i dont get is most uk pensions are under the uk first tax bracket, ie under the threshold which you start to pay tax, so you pay zero tax on that pension. Thailand has a much lower personal allowance, so in theory anyone on a uk pension under the uk personal allowance should fall into the bracket of owing tax in Thailand. If that's the case those people simply wont live in Thailand

[@NDTViThailand]

You are correct.

[@Teccie46]

Thats quite scary for alot of pensioners here.

[@NDTViThailand]

@@Teccie46 Yeah but it is Thailand and a lot is knee jerk reaction. It started this January but it might be January 2030 when they sort it.

[@peterpower7840]

Just not correct, Uk private and company pensions are taxed at source (usually 20%). UK personal allowances are irrelevant for consideration by the Thai Revenue Department.

[@ShoelessNomadThailand]

Far too much scare mongering on this subject.

[@NDTViThailand]

@@ShoelessNomadThailand I totally agree with you. In the video John even says even though it started in January no one knows not even those in government but there's 500 accountants and lawyers in the comment section.

[@ShoelessNomadThailand]

@@John-G I got my visa extension last month. Zero issues agent had no interest for me applying for a TIN.

[@JaySmith-jh2sd]

@@ShoelessNomadThailandexactly

[@JaySmith-jh2sd]

@@ShoelessNomadThailandYou don’t need to register for a TIN it is voluntary not a legal requirement yet

[@Sheisterrific]

@@JaySmith-jh2sd Can you provide a link to prove this, please? (voluntary vs mandatory)

[@timfisher5417]

Clear as mud. Retiree’s want easy. Thailand might want to re think this. People don’t like taxes as is. Possibility of paying twice on a fixed income won’t work.

[@NDTViThailand]

Some of the comments have misinterpreted this and they won't be paying double taxes in my opinion.

[@toneloc-cz2xi]

@@NDTViThailand 1st £12500ish is tax exempt in the UK and u know what these coconut heads are like so they'll want their cut NO DOUBT. If govt persist with this they'll drive pensioners out so Pattaya will need to change or become even more ghostly, and a LOT of aging ladies are going to be without a sponser anymore. Interesting times. Worrying thing is that the Shins have always had it in for whitey and pretty sure they dont care about white pensioners or their live in ladies so u can guess the rest

[@johnhorne1161]

Does John at Anglo Siam Legal, assist with setting up a business in Thailand? Either renting or buying a business?

[@NDTViThailand]

Yes we have videos to come out soon on this John.

[@tomfooleryx]

Thanks for the insight

[@jurgschupbach3059]

If u come insight u can look outside safer tax

[@johnatkinson7479]

Wet season is definitely lagging into late oct/early nov over the last 10/15 years or so

[@kippsguitar6539]

It always has

[@globetrotterize]

I was there 2 yrs ago in mid november & it was horrendous

[@soilentgreen7]

​@@globetrotterizeso was I but it wasn't

[@clemens007meier9]

Jasmins ist mein Lieblingsrestaurant in Pattaya - da es aber nur ca. 30 Plätze hat, ist es manchmal schwierig, einen Platz zu finden - absoluter Geheimtip😊

[@rossco171]

As an ex serviceman, I thank you for selling poppies at your establishments, hope you sell plenty.

[@NDTViThailand]

I have sold them every year. I am disappointed it has become politicized in recent years. It has nothing to do with politics and about those who have sacrificed so much some ultimately. Thank you for your service.

[@rossco171]

@@NDTViThailand And thank you for your Grandfathers service.

[@MrMeldarionx]

There are sections in the Double Tax Agreements which you have to go through as you in theory can be a resident of 2 countries at the same time by reason of that 180 day rule. Depending on the answers to those questions will determine who is the taxing authority. If Thailand is not the taxing authority they have no right to tax "remittances" as remittances by their nature are not income in themselves. I think it's going to wind up in the too hard basket once they try to administer it.

[@peterpower7840]

The DTA determines who is the taxing authority. That just means which jurisdiction has the right to tax first. Thailand has every right to, and does, impose tax on foreign sourced income remitted into the Kingdom.

[@MrMeldarionx]

@@peterpower7840 the word remitted is an issue. If it is not "income" it cannot magically become "income" at the time of remittance., based purely on it being remitted.

[@peterpower7840]

@@MrMeldarionx correct, savings, inheritance, gifts (subject to limits) are all non assessable and can be remitted tax free into Thailand. Income however is taxable so you would need to provide proof of the source of any remitted funds.

[@MrMeldarionx]

@peterpower7840 this is why I say that the administration of these policies is going to be interesting. If you are not deemed to be a resident for tax purposes, even with the 180-day rule via a mechanism within the DTA, then only Thai sourced income can be taxed.

[@thehenge1]

From Canada's DTA: Pensions and other similar remuneration, whether they consist of periodic or non-periodic payments, for past employment, arising in a Contracting State and paid to a resident or the other Contracting State shall be taxable *only*. in the first-mentioned State" *Only* means the Thai government can't run a train on a person who has already been bent over by his home government.

[@FredQuinn]

Great information, including on the weather in Pattaya. It seems to be a fantastic place. In the 7 years that you have lived there has your life been adversely effected in any way by flooding or poor air quality especially during the burning season?

[@NDTViThailand]

Not at all. The weather can affect business from time to time but this can be said of anywhere in the world. Pollution can happen in other areas especially Chiang Mai but here we live on the coast so it gets scattered with more wind off the sea. I'm not saying it doesn't mean others aren't affected in other areas, but it really hasn't affected me living here.

[@brianmccarthy6189]

6:57 @@NDTViThailand

[@carlosherrera1138]

Nice video, thanks Nick !

[@PREPFORIT]

I hope the decision on the tax is a good one. Everything I have had at Jasmin has been great.

[@fffss1314]

All exparts should have 800.000 thb income for there visa but a lot do not have it how will that work

[@davinjones4271]

when nick was solo, the sound was mono, only l/hand headphone had sound...

[@NDTViThailand]

Yes a problem with the camera which thinks I'm using two mics. I'm onto it now. I must have knocked something by accident. It won't happen again.

[@wolfmccarron]

Jasmin's is great. Been going there for years.

[@onlyme2030]

How do we know when the jet stream will change?? Obviously just wait isn’t the answer I’m after!

[@NDTViThailand]

It is the same all over the world but here you can literally set your watch by it. Someone commented earlier that in the north the rain has already gone and it has become cooler, so it is on the way soon, hopefully.

[@nigel8499]

Nick, consider starting a Pickleball business in Pattaya. I'm certain it would be successful.

[@clinth2414]

Are you talking about building Pickleball courts? Indoor or outdoor?

[@billyburi-baps]

Rainy season over in the Boonies, farmers are all out cutting the rice. A good sign...

[@NDTViThailand]

Yeah it's very soon but today was still humid and we had a short shower.

[@steveincork3669]

Pity they don't bring back Multiple Entry Visas with 60day tourist Visa. Used to be the way one time. I do know you can have a Multiple Entry with Retirement Visa but this new layer of restriction on top of the rest just seem to make me feel why bother with the place.

[@JohnSmith-t3x6w]

Pattya is losing its vibe, and what some of the bars are charging is in sann, so frangs should pay taxes one they make from selling poor Thai girls girls from the bars 😮

[@maxmj2706]

Show the records that you ve been taxed in your own country , if you re nowergian , Czech or German , the statement is going to have a hard time to be reviewed by the locals here !

[@carnivorechronicles]

You will have to provide an English translation of all documents. Certified English translations.

[@billybob1511]

@@carnivorechronicles Too much mucking around - goodbye Thailand!

[@simonB143]

If I'm paying tax I expect something for it, not just to be treated like a glorified tourist.

[@NDTViThailand]

You would absolutely think so.

[@chrisgoody2shoes218]

@@simonB143 I’m Paying tax on my UK pension even though I don’t live there . What benefits am I getting?

[@simonB143]

​@@chrisgoody2shoes218 Well you get a passport and citizenship of the UK. You also get your pension, which isn't a God given right. It's a benefit just like universal credit or job seekers allowance. Maybe you meant a private pension not the state one. Either way, you also get to vote and have some say in how the country is run. You get consular services when abroad, and you get to wear union jack shorts and talk down to foreigners. 😁 try getting any of that from Thailand.

[@soilentgreen7]

​@@simonB143a pension should be a god given right if you've paid in to it all your working life

[@simonB143]

@@soilentgreen7 I agree. But unfortunately they can take state pension off anyone whenever they like.

[@HaYaTo_LogresJPRPG]

Raining seasons for clean the dust. Make the weather good and cooler for the winter season. Welcome to Pattaya.👍🏻✌🏻🍻🍻🍻🍻

[@michaelg.1832]

Nick, people are getting upset with this tax information, dont kill the messenger 😮... I had eggs benedict at Jasmine back in April. Nice place, thank you...

[@NDTViThailand]

No idea why I thought John explained it well as accountants have also said. Only another 10 segments to go so it should be very interesting. 😆

[@Jackpot12]

Can we get John-G on the Sunday Night Live

[@NDTViThailand]

John has been on before many times but during lockdowns. He did message me tonight after reading some comments to say he wants to come on and answer those questions.

[@globetrotterize]

Im landing mid november ,hopfully it be dryer then

[@carnivorechronicles]

A brave soul go past a police station on back of a motorbike without wearing a helmet.

[@NDTViThailand]

They don't seem to bother motorbike taxis.

[@Dave_Tae]

This is gonna backfire on the Thai goverment, Retirerees with money will either pack up and leave or leave the country for 6 months a year resulting in big losses and whos gonna send over 2, 3 or 5 million to buy a condo when your gonna be taxed 30% on it, Condo sales are going to slump big time.

[@toneloc-cz2xi]

All the better for families like the shins to buy the dip 🙂 Dangerous to assume any politicians actually care about the people in their countries

[@NDTViThailand]

The problem is the lack of clarity even the experts (like John) are still baffled because they don't yet have the information to hand. I've pinned a comment from an accountant working in Thailand please read it. Thanks.

[@NDTViThailand]

Accounts the same as lawyers are allowed to work in advisory roles. Next...

[@AlexanderWitherow]

Good views from your condo apartment I will be arriving back in Pattaya 4 week's see you soon

[@williamruby9691]

Hi Nick. There is another Jasmin or is it Jasmine restaurant on 3rd Road opposite the Doublekiss snooker hall. Are they related? There food is also reasonably priced! Cheers, Bill. 🇬🇧

[@NDTViThailand]

I checked before I posted the video it's correct and there is a link to their FB page in the description. 👍

[@davidlinscheid2618]

According to the U.S.-Thai DTA my three U.S. sources of unearned income are exempt from double taxation by the Thai government. Therefore, if there are no places on the Thai tax form to list that exempt income (I've checked), what's the point in submitting such a form? Any suggestions?

[@peterpower7840]

If you do not remit assessable income then there is no requirement to file taxes.

[@NDTViThailand]

I think Peter is correct.

[@Brian-ro9vn]

This might be a dumb question and I heard them say you won’t have to pay taxes unless you stay over 180 days , but when he said that you might have to show proof of your taxes when you go for a visa extension, does that include the 30 day extension that you go to immigration for after your 60 day stay ?

[@NDTViThailand]

Not if you stay no longer than 180 days. The 60 days on arrival plus 30 days only adds up to 90 days. Basically you can stay for 6 months per calendar year without producing.

[@peterpower7840]

There is no link between tax filing and immigration status

[@tonyh6846]

Cheers mate, 🙂

[@joshuarhoades2740]

Stay only 160 days?

[@NDTViThailand]

Some of our members stay for 179 days in total.

[@TheEyesofOwen]

Goodbye Thailand

[@KalK-ym7cd]

Yeah like it’s gonna stop you

[@iain_nz.]

only one side of headphone working on your voice cheers :)

[@NDTViThailand]

Yes I noted in post production. Basically I accidentally hit some buttons without realizing. The camera (which is new) thought I was using two mics so two channels were open. School boy error I need to keep my eyes on in the future.

[@paultaylor8149]

What about if your income is less than £12500 and that is tax free in the uk will Thailand still take tax from you

[@kippsguitar6539]

If you remit it probably yes

[@paultaylor8149]

So if I tell tax office in Thailand that i brought over £11000 from uk which is tax free in the uk it will be taxed in Thailand so my allowance is no longer tax free

[@peterpower7840]

@@paultaylor8149 it is a lot more complicated than that, it all depends on your personal situation and the source of the funds.

[@peterpower7840]

@@paultaylor8149 your UK tax exemption is irrelevant to the Thai Revenue Department

[@peterpower7840]

@@paultaylor8149 your UK tax allowance is irrelevant, your Thai tax is based on your personal situation and the source of the remitted funds.

[@cabovermike]

My sole income is pensions now and i'm taxed on part of them in uk, i dont want thailand taxing them to, I wonder if there is a workaround for this problem, maybe wise transfer into thai persons bank account monthly instead of your own bank account ?

[@peterpower7840]

Research Thai gifting tax law. You may find a legal "workaround"...

[@NDTViThailand]

I really cannot see them taxing already taxed pensions this would create a mass exodus. Only a few commenters have said this but no one knows. I do think it's a case of proving it at some point but not double tax.

[@peterpower7840]

@@NDTViThailand the law is clear, UK state, company and private pensions are classed as assessable income (Thai Revenue Dept Code Sections 40/41). If you are a Thai tax resident and remit assessable income above minimum tax thresholds then it will be subject to Thai taxation. This has been the law for many years, nothing new.

[@toneloc-cz2xi]

@@NDTViThailand Do the shins like or want white pensioners though? Would they *personally* lose anything by getting rid?

[@peterpower7840]

@@John-G Just for you I will repeat what i have already said with more clarity. UK State, UK Private and UK company pensions are all classed as assessable income by the Thai Revenue Department. If remitted into Thailand they MAY be taxed if you are a Thai tax resident at time of remittance AND that remittance is above minimum thresholds. The UK Thai tax treaty explicitly excludes ONLY UK government pensions. What constitutes a UK government pension which is tax exempt when remitted into Thailand can be found in HMRC briefing note INTM343040.

[@phil111ify]

How does the 1981 uk/ thailand tax treaty effect thailands tax laws as alot of passive income will of already been taxed in the uk before its transferred to thailand.

[@NDTViThailand]

I was told today UK and Thailand have no deal?

[@peterpower7840]

@@NDTViThailand The UK Thai Tax Treaty was signed on Feb 18th 1981.

[@kippsguitar6539]

That should not be taxed as it's historical and treated like savings but it's all still as clear as mud

[@phil111ify]

@@kippsguitar6539 I assume you would have to get an accountant to declare the income as already taxed income in the Uk and should be excluded from the thai tax regime by whatever process they use. It would be nice if someone would clarify.

[@kippsguitar6539]

@@phil111ify yes but assuming at this stage is probably futile and it's all speculation at the moment, I am skeptical Thailand could handle such a monstrous task and system change but let's see, it's extremely difficult

[@markhughes9092]

£5.25 for breakfast in Thailand is not a bargain

[@NDTViThailand]

It is for me.

[@barrymurphy1651]

£ 10-15 you'll pay in the uk now.

[@NDTViThailand]

I know people compare prices to their own countries but for me it is irrelevant. If you want to make it relevant I'd say Thai food in the UK is ridiculously expensive. For example how much would you pay for a Thai green curry in the UK eating out compared to here?

[@Railssob_Kaetson1]

@@NDTViThailand Absolutely. It's ridiculous that people expect their native food to cost the simlar in Thialand and vice versa.

[@Railssob_Kaetson1]

@@jjmstudios Having eaten in their Leamington Spa restaurant recently I'll correct you, Thai Green Curry is actually £13.99 from the Giggling Squid. Very expensive and quite a small portion too.

[@roberttudor455]

Ohhh noooo !!! not the taxman !!!!!!

[@gordon.Jacko1055]

There’s a lot of hearsay in this conversation 😂

[@NDTViThailand]

Yes there is and even John said no one knows exactly yet, not even the government. It is coming though.

[@gordon.Jacko1055]

@@NDTViThailand so what’s the point 🤔

[@gordon.Jacko1055]

@@NDTViThailand you must be able to see into the future 🥴

[@johnniedee5884]

This is not good news. It’s very dangerous for the Thai government and the economy. Why change things it’s a very dangerous precedent. We all love Thailand and I hope a future crash doesn’t happen

[@toneloc-cz2xi]

Great Reset?

[@Goldfinger555]

Guys - you say US citizens will have no problem but think about what the T government will want you to provide to prove you paid USA taxes. Do you really want to have them receive a copy of your US tax filing? It may have far more personal info on other monies you have than what you want to show. And it’s entirely at their discretion. Think about it.

[@NDTViThailand]

There may be no choice you know this globalist shite is catching on everywhere. Hope you are well buddy.

[@Brian-ro9vn]

Sounds to me like a big money grab ( other countries are going to agree to do this , there will no longer be a “low season “ , and they will all get a bite of each others pies, not to mention the airlines will also benefit from it financially )

[@NDTViThailand]

I think it could be a globalist thing and all other countries will follow suit.

[@globalvlog-z1v]

Yay, Boots on the balcony again 😊

[@NDTViThailand]

Haha

[@andyjackson5986]

So will the 800000 bht you have to put in a bank to show you have money for your visa will that get taxed aswell ?

[@paultaylor8149]

O yes and don’t for get if you buy a car or a motorbike or a condo or house in fact anything it will all be taxed because you would of brought the cash over from outside of Thailand

[@andyjackson5986]

@@John-G anyone that might know

[@andyjackson5986]

@@John-G 😀

[@peterpower7840]

Retire in July and remitted funds for your visa will be tax exempt

[@andyjackson5986]

@@peterpower7840 but they will get you the following year

[@bobwelo]

[@vgshwk]

Thailands new tax laws is going to be advantageous to its neighboring countries and a loss for Thailand. Many people will do six months in Thailand no reason to get a retirement visa or do a 90 day report. Then just move onto one of the neighboring countries for 6 months.

[@billclarke3754]

Demographics. Thailand is aging and and people are not having children; no kids means no retirement income. Yeah, the Thai government will eventually tax foreigners to help fund a meaningful national retirement pension plan.

[@NDTViThailand]

I think over 90% of Thais don't pay taxes already, so makes sense to go after foreigners.

[@RjjFerg]

What bars do you own in Pattaya?

[@thehenge1]

Oily Boys Bar soi 13/4. aka "Boys town" if I'm not mistaken.

[@NDTViThailand]

Haha maybe that's your area.

[@bkkmj4250]

A right mess….

[@nimblemonkey]

If all the talk is to be believed, the Kingdom seems determined to do all it can to shoot itself in the foot by talking about implementing another hoop for retirees to jump through. One of the things I thought about is those like myself who brought in 800,000 Baht for the retirement visa. Who in their right mind would do that now if it meant they ran the risk of being taxed on that money? That said, the vast majority of voices online about this potential issue are tax professionals. My visa extension is due in March, and I'll be listening to the actual experiences of expats who renew in January and February just to see how the land lies beyond the theory of tax law.

[@toneloc-cz2xi]

Shinawatras hate whitey so no surprise really

[@NDTViThailand]

There are changes coming in all areas since the new government. Example for bars that I was told yesterday by an official. The new license next year will require two separate toilets. This will be costly for most businesses so the goalposts are constantly moved.

[@toneloc-cz2xi]

@@NDTViThailand Shins have always hated whiteys. Thailand was a breeze until he got in 1st time around - then non-stop BS until coups. Bring back Prayut! All is forgiven!

[@peterpower7840]

Retire in July, remit the 800k for your retirement visa. No tax to pay as you will not be a tax resident. No hoops to jump through, just a bit of commonsense required.

[@toneloc-cz2xi]

​@@peterpower7840 And do what next July?

[@Brian-ro9vn]

How long do you think the Thai government will take to go back to the way it was when millions upon millions of people stop coming to Thailand to spend their hard earned money

[@NDTViThailand]

I think many commenters have misinterpreted the message. There are already tax agreements (double tax laws) already in place with several countries. It'll just be a case of proving it, which is not an issue for most people.

[@toneloc-cz2xi]

@@NDTViThailand Nick, most Brits in patts are NOT high net worth - you can argue but MOST are NOT. Many prolly couldnt afford to stay if the thai govt want 20%+ off their tax exempt £12500. Don't confuse politicians with people who care about their countries over and above getting re-elected.

[@cabovermike]

It strikes me that the thai tax man is aiming for easy targets rather than try and round up the millions of thai street traders and businesses that only deal in cash and pay f,all tax ever,.

[@NDTViThailand]

Yes I agree with this.

[@toneloc-cz2xi]

Thailand has already launched a CBDC so all things in time

[@michaelkelly2708]

Hi Research Gesara and Nesara,,, world so called Debt cleared ❤😊

[@NDTViThailand]

I have researched this over the years but not sure it will happen.

[@jorgenmansson4269]

The tax agreement between Thailand and Sweden has been the same as now for as long as I can remember, nothing new.

[@Ardoyne10]

Nick what about all the x pats living on there uk state pension and guys working as managers will they be chased by the taxman 😂

[@NDTViThailand]

In all honesty it's all speculation how they will chase after people. We suspect those living on pensions will be okay but the UK and Thailand don't have a double tax agreement.

[@andrewmoss1135]

UK and Thailand has a dual taxation agreement since 1981

[@hewhoknowsknows]

There is a Double Tax Agreement (DTA) between the UK and Thailand. I think what you mean is that there is not specific DTA on UK State Pensions which is correct. Therefore, a person could be liable for Tax in Thailand on their UK State Pension. Someone who only has the full UK State Pension (£11502 per year) as an income wouldn’t pay tax in the UK as it is currently below the personal allowance (£12570). They would however be liable for tax in Thailand and based on the current tax rates and assuming an exchange rate of 43 baht they would be liable for 27500 Bhat tax for the year (or 2300 Bhat per month). This is straight forward but things become more complicated when someone has income from other sources such as Company Pensions, Rental Income, Investments, Tax free Savings etc. And for that they need to see a Tax expert.

[@ggilles4697]

All the guys in thailand are millionaire's 😅😅😅

[@NDTViThailand]

Zillionaires mate 😂

[@mmaranta785]

How do You Tubers pay taxes?

[@NDTViThailand]

KZbin is paid at source in the US.

[@philipbarnard2474]

Listening to others, the law has not changed, but they are planning to enforce it. Thailand has a tax on worldwide income system, like the US. And you automatically become Thai tax resident after 180 days. So it doesn't affect tourists, but they will soon need to plan for the introduction of (ETA) Electronic Travel Authorisation (in 2025?) It will be like Covid, sending various bits of paper as JPGs to Thailand to check. Thailand is struggling ,like the EU, to introduce it without causing chaos.

[@NDTViThailand]

Correct.

[@peterpower7840]

Thailand does not tax on worldwide income. It is remittance based.

[@NecroJulBrom]

mono sound:(

[@NDTViThailand]

The vlog side yes. It's a new camera and I didn't realise I'd knocked something. Basically the camera thought I was using two microphones. Won't happen again.

[@TheGreatEscape9833]

For us American Government pensioners/military retirees/VA Comp expats it's zero problems. Just file, show you have your money from one of those sources and you're protected via the DTA with the USA which allows the US to only tax those earning and, if Tax Exempt, they remain that way.

[@NDTViThailand]

You are correct same with several countries. Suddenly we have 500 lawyers who have appeared from nowhere. 😆

[@chandlerbingbong]

@@NDTViThailand T.I.T. This Is Thailand. 🤣

[@TheGreatEscape9833]

@@NDTViThailand This was what I was told by a lawyer here in county, just regurgitating it for those who didn't know lol

[@chrisgoody2shoes218]

Actually there’s no need to file an income tax return if you’re on an LTR retirement visa. It’s exempt.

[@NDTViThailand]

It is but you may still have to prove it.

[@carnivorechronicles]

TIT.

[@chrisgoody2shoes218]

@@NDTViThailand Don’t have to prove anything. It is specifically exempt by royal decree. 👍

[@peterpower7840]

@@chrisgoody2shoes218 You will have to file if you earn passive domestic income.

[@Londoncab]

Great information

[@michaelkelly2708]

Hi the whole money and tax system is about to change Dramatically for the betterment of the 99% people, 1 tax on new none essential product's at 14% all a Other thieving taxes will be know more,