Is an LLC owner tax liable in Thailand if they do not remit money from the company while staying for over 180 days?

It would be appreciated if anyone has a view or could comment on my own personal tax situation.

1: I have lived here more than 20 years, and am retired.

2: I am married to a Thai woman

and have a marriage extension of stay.

3: By filing a tax return some ten years ago in order to reclaim the withholding tax from dividends received from trading in Thai companies on the SET, I was allocated a tax ID number.

This was the only tax return that I have ever filed and I have not received any more since then.

At the same time I sold all my holdings.

4: I have an offshore bank account in the UK, from where I remit my savings into my Thai bank savings account; and as

you are already aware any interest

generated on these Thai savings accounts is taxed at 15% and automatically deducted.

I would also be grateful if anyone could confirm the personal income threshold to me; I also understand that in the event that I would have to file a tax return certain allowances are available and tax deductible such as payments to my Thai wife and Thai health insurance premiums.

I look forward to your views.

Thanks.

I can see that being a compnay director in this situation would be a good way of hiding a persons income and I am sure they will wake up to this loop holes soon. Similarly an offshore trust could be used to hide wealth.

if a tourist visa or DTV gives the bearer tax free status everybody is likly to drop there visa's and get a DTV and do a few board runs.

I would like to throw another spanner in the works. Could it be claimed by the tax office BOI and immigration that a person who comes to Thailand and is working for a foreign company, has that person established a branch office of that foreign company?

Money earned prior to 2024 is exempt from tax. That means you are free to bring it into Thailand and you don't need to declare it on any tax returns. You should be able to prove it by bank statements if the tax department comes asking though.

Corporate income tax is for limited liability or public companies. Since your company is not moving to Thailand, it won’t have to pay that tax in Thailand. However, you are an employee of that company and presumably get a salary. That salary is liable to be taxed as personal income if you stay in Thailand over 180 days in a year.

Thailand already passed a law last year stating that money remitted (transferred from abroad) into Thailand is subject to taxes for all Thai tax residents (you become a Thai tax resident as soon as you stay more than 180 days in the Kingdom, whatever the visa you are on) .

Be aware that the director of the Thai tax revenue department has confirmed 2 months ago in the media (you can Google it) that they are working/thinking on taxing worldwide revenue for all Thai tax residents (and not only the money tte degrees into Thailand). Not done yet but in the pipeline …

this diagram has nothing with to do DTV. and your a tourist not a resident

If you stay over 180 days in a tax- / calendar year, you will be a taxable person in Thailand. If you are a taxable person, (currently) only the money that you bring into Thailand will be taxable. BUT, that brought in money being taxable does not automatically mean that you will have to pay taxes. Why? For one, there is a threshold for personal income where the tax is 0. Also, there is a good chance that between Thailand and your country there could be a tax treaty that prevents income that was already taxed in one country to be (fully) taxed again in the other country. And just for completeness, this chart is meant for "(personal) income tax" - if you are now throwing a registered company into the game, different rules for corporate taxation might apply.

Even based on this chart, if you're in Thailand over 180 days and the income was earned this year or later, it's taxable.