Do you have to declare your income in Thailand with the dtv visa? Are you subject to Thai tax?
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TLDR : Answer Summary
If you stay in Thailand for 180 days or more within a tax year, you are considered a Thai tax resident. This means you must comply with Thai tax laws, which may include declaring your income and obtaining a Tax Identification Number (TIN), depending on your actual income. If you bring in over 60,000 baht, you may need a TIN, and if it's over 120,000 baht, you will need to file a tax return. However, whether you owe tax will depend on your individual financial situation.
What visa you are on is irrelevant. If you spend 180 days or more inside Thailand in a calendar year then you are a Thai tax resident for that year. What happens then is down to your personal circumstances, if you bring 60k baht of income into Thailand that year you need to get a TIN, more than 120k baht you need to file a tax return. Whether you actually end up having to pay tax or not you still have to go through the process
Pete *******
If you are resident in Thailand for 180 days in a tax year you are automatically Thai tax resident and subject to Thai tax law. You may or may not be subject to tax filing. That all depends on your personal situations. You may never have to file for tax or you may have to file from day one. It is your unique financial circumstances that will determine if you need to get a TIN and file taxes.
Mac *******
Decentralize all your money 💰 through crypto etc, takes loans against your assets, cant tax "debt" ....people need to start thinking outside the box and away from traditional banking systems
Correct. I was speaking generally. Every individual situation is different. A person who retains tax residency in their home country and has a permanent home there, will not be required to pay tax in Thailand, irrespective of how many days they are in Thailand
Using credit cards for purchases, ATM withdrawals etc are all counted as bringing money into the country. Through CRS these are traceable
Richie-Rich ********
I think the more definitive answer is what I found online:
If you are living in Thailand for at least 180 days and are earning income from overseas, you will be classed as a Thai tax resident and you will need to pay income taxes in Thailand.
DTV holders can stay several months, but despite this, most banks aren't issuing accounts to DTV holders at least not at this time. Most banks prefer to deal only with foreigners holding work permits. Some exceptions apply, but if you show up with a visa that doesn't have a work permit attached, it can be difficult to find a bank who will deal with you. This was already the case years ago, but has been getting progressively more difficult in recent years.
it depends on how the applicant is approaching the bank. You can just go in with a visa and ask to open an account. It will be a no. You need more documents than that. It's like applying for a long term visa and just showing you passport. The answer is no. Be educated about what you are applying for and talk more than 2 words to staff if they are unsure ask for the manager usually they speak English. Explain your situation DTV they have probably never heard of. You are living here and require an account to transfer money from your country and pay bills here. It's not that hard if you adjust your attitude. You are not walking into a bank in your country make adjustments for that and be patient
That's what people do, but it won't help if an employee just knows "work permit" and that's it. Many banks have policies where they won't open accounts for foreigners without work permits and the only thing you can do is try another bank or branch of the same bank.
Of course, one should always walk in with a certificate of residence, as that's a firm requirement, but one would think bank staff would tell an applicant "here's what we require" rather than shooing them away (which so often occurs).
it's Thailand where is it that simple. Thai who are not good with English will always try to "shoooo you away" that's just how the culture is. Of course there are the exceptions. Hence my explanation in the post ask for the manager.Its easy to walk away and critise or complain but many westerners have opened accounts now and it is up to us to lead the way. Stop being negative there are lots of westerners on board get on or get off
One other thing neglected is if you have already paid tax on it and your country has a double taxation agreement with then you may well not need to pay any tax on it.
Anonymous *************
ORIGINAL POSTER
Participant(e) anonyme ok thank you
Andy ************
Anonymous participant Bank account makes no difference. You don't need a bank account to bring money into the country
They can't even enforce tax on their own citizens. They certainly don't have the capability of tracking down a farang who withdraws money from an ATM in Thailand and tries to steal part of it from them. Besides, they already take 220 Baht from every withdrawal.
Being Thailand, if they ever did enforce this, you'd simply need to bribe the person doing the enforcing and then it would be problem solved.
I'm only stating the law, not what will actually happen. With advanced technology it would be possible to trace ATM withdrawals made by foreigners, the same as foreign cash exchanges, but I agree the cost involved versus the amount of tax which could be recovered would make the exercise uneconomical.