Can I open a Thai bank account and become a tax resident with a DTV visa?

Are you guys, telling him that he has to pay taxes after 180 days, sure about that?

I think it's not approved it's just theory. Not even Thai government really knows how it works...

First advice David is research a lot and read back or use the search, tons of information covered many times.

No , yes

I would like to know what I need to do to get DTV Visa David,?

Congratulations mate - which country /embassy were you approved from?

Only funds brought into Thailand are possibly assessable. Thailand also has dual tax agreements with many nations, which lowers your liability.

1. With luck, yes, but not easy anymore.

2. Yes, you do have to make the report but that doesnt necessarily mean you have to pay taxes. If your country has a DTA with Thailand, then you either pay the difference or dont pay at all. Its only about money brought to Thailand, I dont know if they are bothered (or even can?) to track ATM withdrawals or so, i dont think so

1) Banks will not now open accounts on tourist visas.

2) Correct, 180 days inside the Kingdom in a calendar year and you automatically become tax resident. How does that work? If you bring in assessable income in a year you are tax resident above minimum thresholds you are obligated to file a tax return. Whether you actually need to pay Thai tax will depend on your personal financial circumstances.

No, you cannot open a bank account.

You become a tax person after 180 days that’s how it works

But remember something the other people refuse to realize this is a tourist visa and that’s why it’s a tourist. It’s not a residence visa it doesn’t mean you can stay here for five years in a row. They have the right to stop you with the border and tell you’ve been spending too long in Thailand it’s happened to other people so try to plan accordingly and remember that this is not like your residence. That’s why you can’t get a bank account or national ID card this is not a residence visa.

Congratulations 👏👏👏

PRINT OUT THE EMAIL THAT HAS YOUR DTV VISA.

That's what you should do... print it out.

You may have to show PROOF of your DTV Visa to airline staff on check-in for your flight ✈️ to Thailand...even to the connecting airline staff. Or to the land border crossing entry Thai Immigration Officer.

Upon arrival into Thailand, show the DTV visa to the Thai Immigration Officer and look at the STAMP placed in your passport to be sure you are STAMPED in for 180 days.

1 it's very hard now. You will visit many bank branches with the proof of address from immigration before you can buy the life insurance policy and verify the KYC info

2. It true, but only if you have a bank account in the country. Might be best to open a wise account (NFC with virtual card as many Starbucks are cashless here) and a schwab investor checking account (refunds atm fees) so you can look poor and not worth taxing

1. Probably not mate , not impossible but 90% not.

2. Yes that’s true , but like the other comment here , everyone’s circumstances are different. Depending on where you are from they will probably have a tax treaty with Thailand meaning if you pay tax in your own country you won’t pay it in Thailand.

I’d advice you to speak to a proper tax advisor about your circumstances 👌🫡

Probably not and yes but how it works is different for everyone