Does anyone know of a site where I can read about the pros and cons of DTV, please? Looks like we have to pay taxes in Thailand as well as my home country?
Thank you so much!
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TLDR : Answer Summary
The discussion revolves around the tax implications for individuals holding a DTV visa in Thailand. Key points include that one becomes a tax resident if spending over 180 days in Thailand within a calendar year, regardless of the visa type. It’s noted that Thailand does not tax foreign income unless remitted, and many comments emphasize that taxation is independent of the DTV visa status. Additionally, the importance of checking for tax treaties between Thailand and one's home country is highlighted, as they may prevent double taxation.
not in principle, but if you do wire transfer money to Thailand, to your Thai bank account (supposing you have one), then you might need to pay taxes on it (the transfered portion only).
No. tax is only for money remitted to Thailand. I reckon inter-bank transfer to your Thai Bank account is the only way they could track it. I would have to ask a friend or someone who knows: What if we use foreign ATM card go withdraw money… does that count as remit? No way to track it though. 😂
Tan *********
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Thanks, this is very helpful!
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Tan *********
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John *******
Taxation has nothing to do with the visa but with how much time you spend in Thailand
Sefton ********
Usually a double taxation agreement will prevent it being paid twice.
I’m trying to keep it simple hence I only mentioned the state pension. Of course if you have other sources of income they will take you over the personal allowance. BTW any ISA income remitted to thailand would also come under thai tax.
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Expat **********
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Jen ********
Also check if your home country has a tax treaty with Thailand
Tan *********
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Thanks Jen. I am from Canada, so I have to look into that.
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Tan *********
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Marko ************
You only pay tax in the country that you spend more than 180 days in.
Plus Thailand doesn’t tax foreign income so your only taxed on the money you bring into Thailand
totally incorrect if your home country has a bilateral agreement with Thailand
Expat **********
Anonymous participant 782 Just because your home country has a tax treaty it doesn’t mean you’re exempt from thai tax on foreign income remitted to thailand.
"..if you earn income overseas in 2024 and transfer it to Thailand in 2025, that money will be taxed under Thai law. Previously, foreigners could wait a year before bringing money into Thailand to avoid taxation, but that loophole no longer exists with this rule update."
read your own link. It litterally say brought into thailand. If you pay with card or take out money in atm thats not brought into thailand. They cant tax atm withdrawal and they have no idea or how to check your foreign account
this is a good article. But u dont see them spending time tracking everyone like this. Its ALOT of work even with this system in place. Do you know how much tax we are talking about remitted into thailand? For instance my disability pension i have to pay 25% of now, when i move to thailand i need to still pay 7% back home even if loving here. So what wouls that % be here if so? And of total income or whats taken out here in thailand?
exactly only money remitted into Thailand. Don’t bring it into Thailand and you don’t pay tax on it
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Marko ************
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Steve *******
That has nothing to do with your visa.
You become a tax resident if you spend 180 days in Thailand in a calendar year. No matter what visa you have.
Tan *********
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This is helpful! Thank you, Steve.
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Tan *********
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Steve ********
There's no such site, as every DTV application is different, and taxation is a personal situation, depending on your home country, where money is earned, if tax is paid etc. There's no "one size fits all" situation. You're better to just ask specific questions in this group