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Reader question: How much tax is levied on a Dutch occupational pension in Thailand?

By Submitted Message
Posted in Reader question
Tags: ,
May 12, 2015

Dear readers,

Who can give me a satisfactory answer to the question of whether a Dutch occupational pension and AOW are tax-exempt or tax-exempt in Thailand? I hear opposing opinions. I went through the detailed file once and came to the conclusion – via question 8 – that Dutch occupational pensions must be declared in Thailand, but that AOW remains taxed in the Netherlands.

Now the key question is: how much tax is levied in Thailand? Because only then can you compare your Dutch tax burden with the Thai one.
And only then will you know whether it makes financial sense to move to Thailand.

The file does not answer that. Is there anyone who can say something about that?

With regards and thanks,

H. Kooiker

Number of times read: 205

15 responses to “Reader question: How much tax is levied on a Dutch company pension in Thailand?”

  1. he says up
    12 May 2015 at 10: 24

    I'm also curious about that.

    • HarryN says up
      12 May 2015 at 14: 37

      Also take a look at Thailandblog the article: My first tax return after my 65th dated March 11, 2015.
      In my opinion this is quite clear and you can therefore calculate yourself what you should pay.

  2. nico says up
    12 May 2015 at 10: 59

    Seems like a very interesting question, I wonder if anyone knows the answer to this.

    Nico

  3. Cees says up
    12 May 2015 at 11: 16

    This is stated in the publication Treaty states LB non-residents of the Tax and Customs Administration Limburg / Foreign Office – version January 2012 (available on the internet).
    This contains all treaty states with the agreements made, so treaties, and this for Thailand:
    – private/government company pension and annuities: taxed in Thailand
    – AOW / Anw / WAO / WIA / WAZ / WaJong: taxed in the Netherlands
    No social security treaty has been concluded with Thailand

    • Show says up
      12 May 2015 at 13: 13

      I assume you mean this:

      http://download.belastingdienst.nl/belastingdienst/docs/verdragsstaten_ib_niet_ingezetenen_ib4011z2fd.pdf

  4. RichardJ says up
    12 May 2015 at 11: 22

    I have a 2012 booklet on this in pdf from Price Waterhouse Coopers Thailand.
    Everything is explained in this.

    The pdf file is called: thai-tax-2012-booklet.

    There may already be a current version available at http://www.pwc.com/th.

    • Cees says up
      12 May 2015 at 11: 34

      There is indeed a newer version, Thai tax 2014, which can be downloaded within 1 minute, thanks for the tip!

    • Show says up
      12 May 2015 at 13: 15

      http://www.pwc.com/th/en/publications/thai-tax-2014-booklet.jhtml?query=thai-tax&live=1

  5. tonymarony says up
    12 May 2015 at 15: 06

    Contact tax office Heerlen and you will be served at your beck and call by this authority, or if you don't live too far away make an appointment by phone and you're done, ps live here for 10 years and don't pay tax on my AOW, BEN THEN WILL BE SUBSCRIBE FROM THE NETHERLANDS.

    • Nico B says up
      12 May 2015 at 18: 16

      Tonymarony, sorry, but what you say is incorrect.
      You ALWAYS pay tax in NL on your Aow, at least NL is authorized to levy tax on it.
      The fact that little or nothing is deducted by the Svb may be because your Aow is low due to a discount or whatever, but again do not spread the message, as so often on this blog, that you should not pay tax on your Aow, according to the treaty, the Netherlands is authorized to levy tax on Aow.
      Nico B

  6. Renevan says up
    12 May 2015 at 16: 18

    Please take a look at this website http://www.rd.go.th/publish/index_eng.html this is the website of the Thai tax authorities.
    If you go to individuals & employees click on personal income tax there. There you will clearly see the deductions allowed and the allowances (exemptions) allowed.
    At the bottom you see the tax brackets (tax rates of the personal income tax), so from o to 150000 thb is exempt over the next bracket you pay 5%, etc.
    What you don't see here is the 190000 thb that you can deduct if you are 65 years or older. This must be completed on the income exemption entitlement form and reproduced on the tax return form.
    If you return to the start screen, you can download the declaration form there. Click on E-form on the right, then click on personal income tax, and download the PDF under point 1.

    You must file a declaration yourself, you will not be sent a form. It should be clear that there are many Thais and foreigners who do not report the crime. The automation and control of declarations is still far from what it should be.

    It is also just the question of what will come of the adjustment of the tax treaty (which is being discussed) between Thailand and the Netherlands. Just like the amendment of the treaty with other countries, the Netherlands is trying to do everything possible to have the withholding tax allocated to the Netherlands.

  7. RichardJ says up
    13 May 2015 at 02: 44

    Dear Renévan,

    I think that with the link to the website of the Thai tax authorities plus the booklet from PWC, anyone can calculate their tax and fill out a tax return form.

    Then the next step: reporting. I understand from your response that you have experience with this. Can you share that with us. Do you do that yourself personally or do you work through a tax agent? What are the costs?

    • Renevan says up
      14 May 2015 at 09: 24

      I have lived in Thailand for seven years and live off my savings, in three years I will retire, which was originally two years, but thanks to our government I have to make do with my savings for an extra year. I wanted to know how things are going here with whether or not to pay tax on pension (the tax file from Thailandblog was not available yet). Thanks to Google, everything is easy to find, the website of the Thai tax authorities is clear enough. Living here for more than 180 days, taxable, on another website I found a translation of the Thai tax law which clearly states that tax must be paid on pension. Various logs mentioned an additional deduction of THB 190000 for people aged 65 or older, without a link. After some searching, I found the downloadable form on which this mpet is completed on another website of the Thai tax authorities.
      Last year my wife was able to get a tax refund, she could deduct the premium paid on a life insurance policy. We went to the tax office where they help fill it out. When asked whether her husband (me) has income, the answer was no, so 30000 thb extra deducted. They had to know my Thai tax number, which I didn't have yet. All they needed was my passport and five minutes later I had a Thai tax number. So just go to the tax office for a declaration and have the forms filled in there, it costs nothing. Tax is only charged on that part that you bring into Thailand. Last year, the tax authorities were here on Samui with staff and PCs in the Tesco to help people fill in a tax return form. I never saw a customer there, so it is clear how many Thais fill out a tax form.
      Now I don't have a pension yet, but when the time comes I wouldn't know how the Thai tax authorities can check what I have to pay. Control is very difficult as long as there is no link with the Dutch tax authorities. What I transfer can be AOW or savings or part pension pension, what is then taxable. I think that the Thai tax authorities do not make it a hot issue whether or not payment is made, the money brought in all ends up in the Thai economy. It will take some time before there is a good system in which all Thais who have to pay taxes do so.

  8. w. eleid says up
    13 May 2015 at 06: 03

    Tax is deducted from the state pension by the SVB, even if you have deregistered in the Netherlands.
    Your pension fund is MANDATORY as of July 2015 to withhold wage tax UNLESS you can prove that you are tax resident in Thailand.
    I recently went through this procedure and received a message from the 'foreign tax authorities' this week that I am not liable to pay tax in the Netherlands.

    • Renevan says up
      14 May 2015 at 08: 37

      A pension fund always withholds payroll tax unless you have applied for and received an exemption, I don't know what that has to do with as of July 15, 2015. Everyone who lives in Thailand for more than 180 days in a year is liable to pay tax, so it is easy to demonstrate.


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