I need some legal understanding, if someone would be kind enough to clarify this for me. We are having an internal family debate over the Thai government website in regarding opening a bank account.
We have the DTV visas, and IF we bring money into a thai bank account - so foreign income that WAS already had paid tax on in Australia, is apparently to be TAXED here again if you spend over 180 days in year.
I know SO many people WHO have bank accounts here that live here for a long time and do not pay tax.
My partner thinks that whatever is on the government website is in fact law and is protected from it…
Could someone please clarify. Thank you
(Putting this in multiple pages to get more reach to hopefully get the right answers). Thank you
TLDR : Answer Summary
The discussion revolves around the tax implications for individuals holding a DTV visa in Thailand, particularly regarding foreign income and bank account access. Participants clarify that if a foreigner stays in Thailand for more than 180 days, they may be classified as a tax resident and subject to Thai tax on foreign income, unless protected by a tax treaty, which Australia claims exists with Thailand. There’s debate about the ability to open a Thai bank account on a DTV visa, with agreeing comments stating that it's currently not possible. Many contributors emphasize the importance of understanding one's tax obligations and potential liabilities even without a bank account.
DTV VISA RESOURCES / SERVICES