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-one I have been resident in Thailand for twenty-three 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 matters related to 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
My company employs a legal professional to advise on legal administrative issues, and I know an excellent Thai Notary Public whose work is accepted by financial institutions outside Thailand.
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 in 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. The Revenue Department has announced intentions to change this policy so that with effect from 1st January 2025, Thai residents will not pay tax on money remitted to Thailand in the year it is generated, or the following year. This legislation has not, as yet, been enacted.
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.
For further information, or to engage my services,
please contact me by e-mail
Or telephone me on +66 (2) 391 3906
Compliance with Anti-Money Laundering Laws
I am legally required to comply with UK anti-money laundering legislation, including the Proceeds of Crime Act 2002 and the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
Lawful Basis for Processing: The processing and sharing of your personal data for these purposes is necessary for compliance with a legal obligation to which i am subject (Article 6(1)(c) of the UK GDPR).
Data Sharing: If I suspect or have reasonable grounds to suspect that money laundering or terrorist financing is taking place, I am obligated to submit a Suspicious Activity Report (SAR) to the National Crime Agency (NCA). I may share your identity details, transaction history, and financial information without your knowledge or consent.
Restriction of Rights: Your data subject rights under the UK GDPR, including the right of access, right to erasure, and right to restriction of processing, are limited in these circumstances. I cannot disclose whether a report has been made, nor can I provide access to data if doing so would risk "tipping off" a suspect or prejudicial interference with an active investigation.