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.
Tax question: Back to the Netherlands, how do I settle with the Thai tax authorities?
Questioner: I have been living in Thailand for 9 years, first on a work permit and the last 7 years on a non-immigrant O retirement visa. I have always paid taxes in Thailand. Now I will definitely leave Thailand next month (19 December), back to the Netherlands. My visa expires on 28 December. So I still have to pay taxes for this current year. How do I do that, I have already been to the revenue office, but they can …
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.
Filing your first tax return as a Belgian expat can be confusing, especially if you live in Thailand for more than 180 days a year. The embassy in Bangkok has indicated that the 2024 return must be filed by the end of March 2025. What exactly needs to be translated, and where do you file the documents? Find out the answers here.
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.
How does tax return work with a Thai ID card and Dutch pension?
If you live in Thailand with a pink Thai ID card and receive a pension from the Netherlands, questions often arise about tax returns. Is the number on your ID card also your tax number? How does tax return work in Thailand for pension income from the Netherlands? And does the Dutch tax authorities issue documents in English? This article answers these important questions.
Thailand focuses on tax reforms, debt restructuring for economic growth
Finance Minister Pichai Chunhavajira has called for reforms to Thailand’s tax system to reduce personal and corporate taxes. At the 2024 ACMA Business Forum, he also discussed the need for debt restructuring for home and auto loans. Pichai warned of the declining investment ratio and stressed that without action, Thailand could lose further its economic potential.
I live in Thailand and will therefore be subject to the new Thai tax system from 2024. To reduce the tax burden in Thailand, I asked the foreign investor from whom I rent the apartment in Thailand if I could in future transfer the monthly rent from my Dutch account to his foreign account. He has a bank account in one of the Sepa countries, so that can be done from euro to euro.
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.
Thailand's cabinet has approved new tax measures to attract skilled workers to the country. Income tax will be reduced to 17 percent for workers in 15 target industries, while employers will be allowed to deduct 1,5 times wages. This initiative, which runs until the end of 2029, is aimed at bringing back Thai talents and boosting economic growth.
Trouw: Street vendors in Bangkok must pay taxes
Bangkok wants to get rid of its hundreds of thousands of often illegal street vendors and is tackling them in all kinds of ways. Now they also have to pay taxes.