Taxes in Thailand

Just talked to the Danish tax authorities. Basically all pensions, both government and private, can be taxed in both countries, but as the tax percentage in Denmark is a minimum of 38%, this means that there will be no taxation from the Thai authorities as the DTA prevents double taxation. This is just as I thought it was. - @JonSt

But can also be that if have to be paid taxes in Thailand then with the thai certificate (receipt) of payment, the citizen can present it in next year's tax declaration and reduce the amount of home tax to be paid there, a procedure of compensativo that mantaines the total paid but share between the 2 countries.

That is the real meaning of the DTA.

@JonSt

However this still means that you need to submit a tax return, before March 31, and, like I experienced and mentioned a few times, you can deduct paid pension or receive a tax credit for same amount. If you go to the tax office yourself it will be done for you accordingly. But... yes, there is always a but.......

The officer might not be 100% aware of DTA. Bring a printed version. I also. a few posts back. mentioned you can appeal their decision. The text mentions the document and procedure, tell the officer that is your next step.... that will settle them down normally, if not than file appeal, simple... No need to pay during appeal.. And you will win your case as DTA are prevalent over tax laws.....

Just talked to the Danish tax authorities. Basically all pensions, both government and private, can be taxed in both countries, but as the tax percentage in Denmark is a minimum of 38%, this means that there will be no taxation from the Thai authorities as the DTA prevents double taxation. This is just as I thought it was. - @JonSt
But can also be that if have to be paid taxes in Thailand then with the thai certificate (receipt) of payment, the citizen can present it in next year's tax declaration and reduce the amount of home tax to be paid there, a procedure of compensativo that mantaines the total paid but share between the 2 countries.
That is the real meaning of the DTA. - @Maxi Mari

spot on, but you better do it in the same year, called  'deductiion of paid taxes 401/PD93' for local or  'tax credit'

Pretty sure they do not accept claim over previous years

@JonSt

We going to find out in time.

But from the TDA between Denmark & Thailand.

For me it sound like it only cover from the stat.

ARTICLE 18

Pensions and Annuities

(b) Any payments, whether periodic or non-periodic, made under

the social security legislation of a Contracting State or under

any public scheme organized by a Contracting State for

social welfare purposes;

My 2 private pension dont match/fit under this.

As @JonSt say he is back home in Denmark.

He might not need to report to Thai Tax office if he not be here long enough (When he return), For this year (and last year) that is.

For me, I am not going to report to the Thai Tax office.

If they want to talk, They can contact me.

I all ready made 2 formular at my Thai bank, That the bank have to send to Thai Tax officer.

Putting in, I am on Social pension, I pay Tax to Denmark (38%) and there is a TDA between the 2 countrys.

And i was told by the Bank, Not to report again. 

If the Tax office want more from me, They contact me.

All so over at aseannow forum, We seeing from other people report this year, On the Tax form it say.

If on a pension that part of the TDA, No need to report that.

So i am taking it very relax.

The very small fee for not reporting i can live with, If so.

@Maxi Mari

No, not for the danish DTA. Denmark will tax the amount first. Perhaps different for other countries and DTA's.

@Never done that

You start with b) but a) clearly mentions it, at least for me

(a) pensions (and another similar remunerations) arising in a Contracting State and paid to a resident of the other Contracting State; 

It can not be more clear......

Also, if your own Tax department seems to have no clue, you will trust a Thai bank employee to have knowledge about DTA and farang tax filing??

Not submitting in Thailand does not mean a 'small fine', but a fine plus interest and penalties, plus the rest of your life you will be audited for every satang...

NOTE, from PwC. clearly stating you have to (are required)  to file a tax return

All persons earning income are required to file a tax return no later than 31 March of the following year for hardcopy filing and 8 April for online filing, except for individuals whose income from employment is THB 120,000 or less (for single persons) or THB 220,000 or less (for married persons) and in the case of having income from other sources (with or without employment income) of THB 60,000 or less (for single persons) or THB 120,000 or less (for married persons).

@JonSt

Every country tax you first during the previous year like in 2024 when they give the monthly income or at the end in december, then in the next year 2025 you probably can file a revenue documentation, might be between March and September 2025 in which you resume all incomes and properties and paid taxation, there you can add the Thai certificate receipt of what paid in March/May 2025 for fiscal year 2024 in Thailand so to get a credit from your country that they will refund to you within the established timings of your system or they compensate debit/credit, if you have to pay some final additional missing tax amount that comes from a final calculation of all your fiscal status.

@Maxi Mari

The 2024 rule is not relevant at all in my case as I will not be a tax resident until 2025.

As for the credit/refund issue, it will be credit as the taxes already paid in Denmark will be higher than what Thailand would tax. I would declare the amount in Thailand in 2026 and state what has already been paid to the Danish tax authorities.