No tax deduction for LTFs if employed by a ROH or IHQ ?

Thailand Visa

No tax deduction for LTFs if employed by a ROH or IHQ ? Jan 13, 2016 10:53:29 GMT 7

Quote

Post by Fletchsmile on Jan 13, 2016 10:53:29 GMT 7

It isn't something I've direct experience of myself.

However, my reading and interpretation of the Revenue's website is that they wouldn't be able to claim LTF/RMF tax relief if they are paying tax at the flat rate of 15%

www.rd.go.th/publish/9411.0.html

What are the tax privileges for expatriates working for ROH?

The privileges for expatriates working for ROH are as follows:

1. Expatriate may opt to be taxed at 15 percent of gross income. By doing so, the income received must not be calculated together with other income and cannot claimed for refunds. This privilege is available only to expatriates employed by ROH and are limited to their first four years of employment in Thailand. It does not matter how extensively the beneficiaries have to travel abroad during the employment period. To be entitled for the benefits once again, expatriates have to discontinue employment with any ROH in Thailand for more than 365 days.

The reason I'd interpret it as they can't is that:

1) it says "15% of gross income". i.e it isn't based on "taxable income" or "net income". "Gross income" to me would be before allowances, with allowances then used to arrive at "taxable income"

2) It says the income can't be calculated together with other income and "cannot claim refunds".

Combined these would suggest that earned income is pulled out gross, separated from other income streams and allowances, and then charged at 15% on that gross income amount.

They also have an option for filing a PIT/PorNorDor 95 instead of the usual 90 or 91 form

me: As the UK now has a Hindu prime Minister what happens to the Roast Beef of Old England at formal occasions. The cat will be replaced with a sacred cow roaming the halls of number 10d doing number 10s freely. Oct 26, 2022 15:24:10 GMT 7

tigerfish: Cheers one and all over the festive season. Have a good one and good luck keeping the OAP..... smokie in check ! Dec 16, 2022 16:04:11 GMT 7

siampolee: 2 Septic spammers just got terminated. One for trying to sell tools etc. One for trying to sell us its poetry. Bye-bye, crusis and poetry lover RIP, both spam posts removed... Jul 19, 2023 8:41:19 GMT 7

Thailand Visa

No tax deduction for LTFs if employed by a ROH or IHQ ?

Post by GavinK on Jan 13, 2016 8:23:49 GMT 7

Post by Fletchsmile on Jan 13, 2016 10:53:29 GMT 7

Shoutbox