Answered13 days ago
Can US LLC owners work remotely in Thailand on a DTV without tax issues?
I guess that's the right group because with the DTV you can spend easily the whole year in Thailand.
Are people here, working more than 180 days remotely from Thailand with their US LLC (or maybe other business structure?), without getting issues regarding taxes in Thailand? From what I know, only the money you bring to Thailand will be considered for taxes, not the whole income from the business structure? Or are there people with different experiences?
Thank you in advance
Are people here, working more than 180 days remotely from Thailand with their US LLC (or maybe other business structure?), without getting issues regarding taxes in Thailand? From what I know, only the money you bring to Thailand will be considered for taxes, not the whole income from the business structure? Or are there people with different experiences?
Thank you in advance
Answer summary
The conversation revolves around the implications of taxation for individuals holding a DTV visa in Thailand while working remotely for their US LLC. It is suggested that only the income remitted into Thailand is subject to taxation, but complexities arise with double taxation agreements and the individual's country of tax residency. Some comments emphasize that most DTV holders are not liable to pay Thai taxes, and seek professional advice is recommended for accurate understanding.
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Michael *************
Wow … so much bad information bits here… people are taking one point and summarizing at as Thai tax law. Then offering it up as advice. If you are truly worried and want to stay in Thailand, seek professional help.
Nico *********
OP@Michael ************
with professional help you mean an agency in Thailand?
Elías ********
Only remitted income is assessable, however, whether you actually need to pay or not depends on the DTA and the tax bill paid home. Most DTVers would have nothing to pay.
DTV_Be*******
Dtv can’t have Thai bank accts so there is that angle as well
If yiu open a bank acct anywhere outside the USA as a US passport holder (and maybe Green-card holder) if the Amount goes $10k or above you have to file an FBAR or incur a huge fine via the IRS
yes it’s every year it’s over $10k and it’s aggregate as well so if you have 4 accts of $2,500 each you have to file
Good luck
If yiu open a bank acct anywhere outside the USA as a US passport holder (and maybe Green-card holder) if the Amount goes $10k or above you have to file an FBAR or incur a huge fine via the IRS
yes it’s every year it’s over $10k and it’s aggregate as well so if you have 4 accts of $2,500 each you have to file
Good luck
LavenderD*********
As long as you pay taxes somewhere , just chill. Thailand hasn't started to collect taxes on DTV holders
Mathieu *****
LavenderDragon7301 What about when they will and they see you didn’t declare the past years while you should have?
Nico *********
OPThis sounds super uncertain to be honest. But I also never heard anyone having issues, but I also heard many which are not exceeding their 180 days to avoid those issues
LavenderD*********
@Mathieu ****
"Even if your net tax due is zero, you are still legally required to submit a tax declaration (Form P.N.D. 90) if your remitted foreign income exceeds the standard Thai filing thresholds.If you do not declare it and the Thai Revenue Department audits you:
• The 2,000 Baht Penalty: You can be fined up to 2,000 Baht strictly for the administrative failure of not submitting the tax form.
• No Evasion/Surcharge Fines (If Tax Owed is Zero): Because the 200% audit penalty and the 1.5% monthly surcharges are calculated as percentages of unpaid tax, if your Swedish tax credit reduces your Thai tax bill to zero, the 200% penalty and monthly surcharges equal zero. You cannot be heavily fined for evading a tax bill that technically amounts to nothing." (This is for my specific case, your country of origin may differ and the rules aswell).
Luit *****************
@Mathieu ****
Theoretically with the current PM a ban might be possible.Luit *****************
LavenderDragon7301 In your case the 2000 baht might be the maximum, but for others it might be (much) higher.
Mathieu *****
LavenderDragon7301 Thailand is so unpredictable aren’t you worried of getting banned from the country for this?
LavenderD*********
@Mathieu ****
worst case, 2000 baht fine
IamNobod*********
Following
Rhys ******
It’s remittance only, people on DTV would only be filing for compliance with their home country if they exit tax residency otherwise there’s not much point
Michael *************
The correct answer is… it depends!
Greg ********
The only assessible income for a Thai tax resident is what you remit into Thailand. Get a lot more complex than that with double taxation agreements, etc. But the basics are: only money remitted into Thailand is assessible.
Nico *********
OPYes, this is clear, and sounds rather easy to be honest.
Sefton ********
@Greg *******
... For foreign sources. Domestic sources are of course day 1... Interest, returns, any passive income, etc.
Elías ********
Did you do a 90-day report already? No, right?
Greg ********
The 90-day report is a paper slip. You used to get a little paper slip when you entered Thailand, called the TM6, but that was abandoned years ago.
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