Stephen J. Dann
~ ITPA ~
UK Tax Advisor
In Bangkok
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Thankyou for viewing my website. I have more than fifty years' experience of tax consultancy, of which the past forty have been spent running my own practice. At the age of seventy I have been resident in Thailand for twenty-two years, providing taxation services (Thai, UK and international) to the international teaching community. I still maintain a base of expatriate clients worldwide.
In this capacity my work is accepted by the HM Revenue and Customs, Companies House, and by banks.
PROFESSIONAL SERVICES
The primary service I provide in Thailand, other than for Teachers, is that of advice to British ex-patriates. Many ex-pats will be paying UK taxes on pensions and I can advise on the procedure to terminate UK tax deductions and declare UK pensions to the Revenue Department of Thailand in accordance with the UK-Thailand Double Taxation treaty. In some instances there will be letting income from UK property received under the Non-resident Landlord scheme, and investment income too, which must be declared to HMRC and I can submit Self Assessment Return forms for expatriates online.
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In order to keep abreast of developments I am maintaining my extensive library here and have access through the ITPA to worldwide network of tax treaties.
Teachers
If you are, or have previously been, teaching in Thailand
you may be eligible for a refund of al your Thai income tax.
Further information may be found by clicking the following link to the country you lived in immediately before visiting Thailand to teach :
The Thai Tax System
I liaise with other local professional firms on legal administrative issues, including an excellent Thai Notary Public whose work is accepted by financial institutions outside Thailand. I am able to provide taxation advice, and my company files annual Thai tax Returns for expatriates.
Some useful information on Thai taxes is available on the Thai Revenue Department Website
With effect from 1st January 2024, the Revenue Department of Thailand began to tax overseas income brought into Thailand by Thai residents regardless of when it was earned. This was a notable change in policy from previous years, but should not have caused most expatriates living Thailand to pay any more tax than before, and some Double Taxation Agreements even allow for a reduction in the individual's overall tax liability. The Thai authorities simply shifted the burden of taxation from the individual's home country to Thailand, thereby increasing Thailand's overall tax receipts. I have registered expatriates with the Revenue Department in line with the new ruling if their individual circumstances require registration. The Revenue Department has announced a further change in Policy so that with effect from 1st January 2025, When this change takes effect Thai residents will not pay tax on money remitted to Thailand in the year it is generated, or the following year. Until this change enters into law we will be preparing annual Thai tax declarations in accordance with the 2024 legislation, and with a view to submitting amended forms after the new law enters into force
Digital Assets (Cryptocurrencies)
With effect from 1st January 2025, Thailand is not imposing any taxes on profits from the sale of digital assets made through operators regulated by the Securities and Exchange Commission of Thailand. This rule applies for a five-year term ending on 31st December 2029.
To engage my services, or for further information please contact me by e-mail
