Anyone living in Thailand and receiving income from the Netherlands, such as a private law ABP pension or annuity, may encounter complex tax rules. Differences in taxation and exemptions often raise questions. This article highlights experiences and possibilities, including applying for an ex officio reduction before the end of December, and offers a platform to share experiences about reclaiming paid taxes.
After years of patience, your crypto investments look promising. With dreams of a house in Hua Hin and a comfortable retirement, practical questions arise. Is it more advantageous to cash out your cryptos directly in Thailand or transfer them from the Netherlands? And what about the Thai tax rules around crypto earnings and large transfers?
Thailand tax question: Much uncertainty about taxes and rules for Dutch people in Thailand
Tax rules for Dutch citizens in Thailand are causing a lot of confusion. From the 180-day rule to changing treaties: the picture is unclear. Pension, AOW and other income raise questions, and official bodies seem absent. New rumors about money transfers via Wise make it more complicated. Many expats struggle with this lack of clarity and hope for more help and clarity from bodies such as the embassy.
Thailand tax question: What is my tax residence country?
Questioner: Huub I have been living in Thailand since December 2023. I retired in August 2024. I have nothing else in the Netherlands and have also been deregistered. ING asks me what my country of tax residence is. I have no income in Thailand, so I have been told that I do not owe any taxes here. However, if I state the Netherlands as an expat, I am asked to send an employer's statement. Can …
Many Dutch people who emigrate to Thailand struggle with the tangle of rules around taxes. I also sometimes lose track. How do you prevent double taxation and what do you need to arrange for your pension income? A handy guide with clear steps would be a solution for many. This article explores what you need to do as an emigrant to arrange everything properly in the Netherlands and Thailand.
Thailand tax question: When should I apply for a TIN number?
I left for Thailand in August 2024, so I would have reached the 2025-day limit to apply for a Tin number in January 180. Now people around me say that I can only apply for a Tin number in the new full year 2025 because I have not yet stayed in Thailand for 2024 days in 180.
Many Dutch people who emigrate to Thailand wonder whether tax refunds are possible. With your AOW and pension you may still be able to claim tax back, but the rules will change after 2025. What are the steps and which forms do you need? Find out whether your company pension falls under the current tax agreements and how you can file a tax return in the Netherlands and Thailand.
I am investigating whether I can reclaim the tax paid in the Netherlands on my AOW, since I am liable for tax in Thailand. With a TIN number and all the necessary forms at hand, it seems feasible. But are there pitfalls or is this an impossible mission?
Thailand tax question: Is my accountant right and is it that simple, or is he missing something?
I will be staying in Thailand for more than 180 days and will therefore have to apply for a TIN and file a tax return. According to my accountant, I do not have to declare my AOW and small company pension if that money is taxed in the Netherlands and remains there. I will not be taxed on money that I transfer to Thailand and that I already had before 1-1-2024. I also do not have to declare interest that I receive abroad, but do not transfer to Thailand.
Thailand tax question: Shouldn't the Thai government inform us?
While many Dutch people in Thailand are eager to arrange tax matters, Thai tax offices appear to have little interest in registering foreign pensioners. This raises questions: shouldn't Thailand, as a matter of good governance, proactively provide guidelines? And is the problem perhaps due to a language barrier at the tax authorities?
Tax 2024: Does Thailand tax the sale of my house in the Netherlands?
Although Thailand does not levy a direct tax on income from Dutch real estate, it is allowed to “eat along” by scaling up the tax rate via progression reservations. This can increase your tax burden. New Thai rules will come into effect from 2024, so if you are bringing in large amounts, consider consulting a Thai tax expert for optimal tax planning.
Thailand tax question: File your own tax return or wait for an invitation from the tax office?
Recent advice from Chiang Mai suggests that self-initiative tax filing may not be necessary, despite obtaining a TIN. Due to uncertainty about the new rules, it is advised to wait for the invitation from the district office. After all, there is still uncertainty about the guidelines for 2024, so waiting may be the best option.
How do I declare on the Thai tax return form what portion of income was contributed to Thailand?
Filing your own tax return in Thailand for the first time can raise questions, especially when it concerns income from abroad. For example, how do you indicate which part of your income has been transferred to Thailand? And how do you avoid double taxation? Lammert already gave valuable tips in his contributions, but it remains a puzzle for many expats.
Question about withholding tax levied by commercial banks in Thailand as advance tax
A question about withholding tax (15%) withheld by commercial banks in Thailand as advance tax. If the new tax treaty becomes active with respect to withholding tax (15%) of commercial banks in Thailand.
Taxes: Will the Netherlands get an exit tax?
The House of Representatives has made a proposal to have emigrants contribute to the Dutch treasury for a longer period. This idea, the 'residentiality fiction', means that you will remain liable for tax for a few years even after your departure. With a reference to the residence fiction, which is already included in the Inheritance Tax Act, this plan raises questions. Is it a reasonable proposal or an ill-fated idea?
Taxes: what will this new treaty cost me?
Tax matters in Thailand require caution, as rules can change quickly. Based on Dutch tax treaty policy, I outline a scenario for pensioners with an annual income of 4 to 1,4 million baht. The comparison takes into account tax rates, deductions and an exchange rate of 37. What are the financial consequences of a higher income?
New tax treaty shrouded in mist
Although the treaty to prevent double taxation between the Netherlands and Thailand has already been negotiated, its implementation on 1 January 2025 seems unlikely. During a meeting in Hua Hin, ambassador Remco van Wijngaarden emphasized that the documents are still awaiting signature in Thailand. At the same time, both countries are struggling with practical challenges that could possibly delay implementation until 2026.
Uncertainty about the date of introduction of new tax treaty between the Netherlands and Thailand causes unrest among expats
A recent Facebook post on 'Typisch Thailand Telex' has caused unrest among Dutch people in Thailand. Ambassador Van Wijngaarden announced that the new tax treaty will soon be submitted to the Thai cabinet. Although this sounds like positive news, the treaty has not yet been signed, and the necessary ratification procedures make it unlikely that the new rules will come into effect on 1 January 2025.
NL Ambassador: New tax treaty between the Netherlands and Thailand near
The new tax treaty between the Netherlands and Thailand is about to be implemented. Dutch citizens in Thailand, especially pensioners, may have to review their tax affairs. Company pensions that are currently taxed in Thailand may soon fall under Dutch tax law. Double taxation is excluded, but the exact details remain unclear. Implementation could take place as early as 1 January.
About tax matters in this blog
Lammert de Haan is unfortunately no longer available for our blog for health reasons, I understand. I have enjoyed working with him for ten years. I will take on the task of monitoring and reporting on the new Thai measures, including the impact on the Netherlands-Thailand treaty and the upcoming legal changes.
Are you considering leaving the Netherlands? Then you may have to act quickly. From January 1, 2025, emigrating Dutch people may have to pay tax on their income abroad for another five years. This proposal, which is expected on Budget Day, is intended to quickly generate additional income for the government and appears to have broad support.
Thailand tax question: On the payroll in the Netherlands but living in Thailand, what about income tax?
I am 35 years old, live and work in the Netherlands for an international company. From April 22, this month, I will be living in Thailand and have now arranged a business VISA for 12 months and residence. My 1st question is about paying my income tax. Because I will remain on the payroll in the Netherlands, where do I have to pay taxes now? I won't be staying in Thailand for 12 months at a time because I travel a lot in Asia, but all in all I will definitely be staying in the country for +/- 10 months.