You can still get this and simultaneously not report anything like even I have a Thai tax ID (which Ive never used)
Thailand to amend tax on foreign income remittance
- Thread starter Mercury
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Not at all.
I opened an IBKR account some time ago and said 'Ive got no ITIN because I live here but have no taxable income' and went through np. Withholding tax applies correctly at 15% etc
I opened an IBKR account some time ago and said 'Ive got no ITIN because I live here but have no taxable income' and went through np. Withholding tax applies correctly at 15% etc
If we dont have to declare taxes this year for remittance, how can we get tax residence certificate for DTA and for our original country?
indeed, its quite good for a western perspective, but inside asia as well (mainly sing and hk).
That's a misunderstanding of the new rule I think. The tax only applies to the money you actually bring into Thailand, not to all of your overseas income. You are not required to transfer all your funds. You can make partial remittances, and only the amount you bring in is considered for tax. And the improtant thing, if the money you remit was earned in the current year or the previous year, you wouldn't pay︀ any tax on it
UPDATE: IBKR just emailed me asking to update my TIN. I explained that I can't provide a Thai TIN, as I have no local income and don't remit any income to Thailand , therefore, I'm not required to file a tax return there.
Let's see how they respond.
Let's see how they respond.
You mix 2 points. Remit money and remit income.
Basically, in that situation, CRS doesn’t really matter. What matters is remitted income , Thailand can know whatever they want, but that doesn’t change how it’s taxed. Also, if you have multiple bases around the world, you can provide them with a different address (in another country), adding an extra layer of privacy depending on where you actually reside.
Basically, in that situation, CRS doesn’t really matter. What matters is remitted income , Thailand can know whatever they want, but that doesn’t change how it’s taxed. Also, if you have multiple bases around the world, you can provide them with a different address (in another country), adding an extra layer of privacy depending on where you actually reside.
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