StevePIraq wrote: ↑
Thu Apr 26, 2018 1:25 pm
I have just returned from the Hua Hin Revenue office, where I had a very informative discussion and was advised the following:
You only need a Thai TIN if you have a business, work in Thailand or earn a taxable income in Thailand by any other means. If you do not earn a taxable income you do not need a Thai TIN.
They looked at the Lloyds letter and said to ignore.
1. Thanks for feedback above.
Sooner or later, in my opinion they will need proof that you do not need to pay any kind of tax anywhere, this may be verified by data using your current*TIN (assuming you have listed all your world-wide assets, some tax authorities require this).
Saying you have no taxable income and live less than 180 days a year in any one place may be good enough for a while.
(The 180 day residency is the usually the first criteria to assign a country where your tax liabilities lie. Other criteria being income earned and property ownership in a country and this can take precedence over the 180 day residency.)
2. What if your overseas bank requests a TIN (or some equivalent data), otherwise they will freeze or close your account – there are stories like this.
The above would be a reasonable first response; even add a cursory statement that you reside in Thailand for ‘more than 180 days’ in a given year. In my opinion, this is better option than ‘less than 180 days’, to get them to back off.
It remains to be seen what will happen next – my guess is nothing for a year or two, hopefully several years.
3. My concern is that with a bank account and/or property in another overseas country (not Thailand), the bank or tax authority there will eventually insist on a current* TIN so that in theory they can go on-line and check you complete financial status – for tax evasion or illegal activities. This is the ultimate goal of national government.
4. I think that a current* TIN will be required for all of us, just when who knows. For this reason, a trip the local Thai revenue office may be necessary to ‘artificially’ generate a Thai TIN e.g. via a local bank account used to generate a local income statement. This could work for a while.
Further down the line, they will be looking for all assets and all income to be listed in one place under one current*TIN, so that they can check legality and see if they can tap into those monies for their own revenue coffers.
current* - I say current because I have one (we all do) but it’s from 6 years ago. They will want one from last year.