What are the tax implications for a DTV visa holder staying in Thailand for over 6 months?

@Adrià *******

I have been tax resident for a number of years here too. Lived off savings in 2024 already in Thailand bank. Tax advisors told me no need to submit a return this month for 2024 as no assessable income. I might still do one to cover myself but nearly all entries woukd be zero with my signature at the bottom.

@Luit ****************

He's stated that people will be disobeying the law without any qualifying statement. Sweeping statements such as this are total bs. Everybody's situation is different. I know for a fact I'm not required to submit a tax return because not only am I a tax resident of another country, my DTA exempts pension payments from taxation in Thailand.

@Andy ***********

not having to pay taxes is not exactly the same as not having to submit a tax return. I agree with you the second part of what

@Adrià *******

said is far too generic, but the first part is describing the general rules without mentioning DTA which has impact. So in my opinion it is not BS, but just incomplete. To be complete is almost impossible because every DTA is different.

@Luit ****************

Read what he posted

"If you stay more than 180 days a year, you need to do the tax return and pay taxes for all the money you remit to Thailand that you earned after first of January of 2024"

You can defend that extremely incorrect statement as much as you like, but as far as I'm concerned, it's bs

@Andy ***********

it's what the officer of revenue department of Chiang Mai told me with the law printed. Maybe another officers or another provinces are different, but it's what they told to me so..

They already did my TIN in one day (collect the next day) and I will file my tax return because they told that it's what I have to do.

And yes, for me it's more important to follow what they told me than what some influences or rumors says.

@Adrià *******

And I'm the same, which is why I take no notice of what people are posting on Facebook, as I can't separate the truth from the BS!

@Adrià *******

Australian pension is not taxed, but yes, DTA allows taxation only in Australia. Therefore, I have no assessable income in Thailand and not required to submit tax return

@Adrià *******

You're the one crying about people not obeying the law. Baaa baaaa

@Sean ******

No, I only inform what Revenue Department told me. I'm not crying, look at you lol.

@Adrià *******

The first part of your post is informing people. The last part is crying 😂

@Mark ********

I'm from Spain, I encourage you to visit Spain for more than 183 days a year, and you will see 😉

@Adrià *******

Spain isn't Thailand! Geez...

Mark Staples Agree with you fully. Besides there is no new tax law anyway. It all depends on your honesty and with a DTV visa the revenue department will shoo you away if you try to get a tax identification number anyway. They'll tell you that you can't get one as you're not on a work visa. Lots of people have tried to get one but failed. There's no need anyway, nothing will be enforced so there's no point in doing anything.

You can even get away with not doing your tax returns back home on time and nothing happens.

@Steve *******

How realistic will it be to live from 300K a year? Cash might be untraceable, but only living from 300K might be sound as unrealistic to tax office.

@Luit ****************

25,000 Baht per month? The base pay for a Thai person is 9,000 Baht per month. Not quite sure what your point is, but carry on! 😂😂😂

@Steve *******

Do you really think Thai tax office believe a farang lives from 9000 baht a month? Even the average Thai uses more. There is a reason they want non-o retirement have income of 800K a year. So when someone claims to spend less than half of this, it looks suspicious.

@Luit ****************

Look at the name of this group. I think it's Destination Thailand Visa. Not quite sure what that has to do with non-O retirement! 😆👍

@Steve *******

ok but you would actually pay some tax on that 300k assuming it was income and no tax credit to offset you would pay 5% tax on 90k baht. Only 4,500 baht I know but still tax

@John *********

The OP has already indicated his income is overseas so i

I'm assuming he's paying tax on it, in which case his assessable income will be zero in Thailand

@Steve *******

that's not how it works. If he's from a country with a DTA then assessable income is due tax in Thailand but he can claim a pro rata credit for tax already paid. Basically they end up paying the higher of Thai or other tax. The people it's the biggest issue for are those with high allowances in their home country and low income meaning they pay little or no tax there

@John *********

I was using that as an example. I don't know his home country tax rates, neither do you, so you're guessing as well. So let's just say he legally transfers 150k per year, and all other money he brings as cash. So again, zero assessable income

@Steve *******

except cash brought in is also a remittance

@John *********

Cash brought in is untraceable 👍😆

@Steve *******

maybe but of course illegally

@John *********

Illegally? Come on, this is Thailand! Over half the retirees in Thailand are on "illegal" extensions of stay courtesy of bribes paid to government officials. Come on guys, let's have a look at that 800k baht in your bank accounts! Please don't make me laugh! And do you know it's illegal to export f*ke (oops, I mean replica) handbags, watches, running shoes? Telling me it's "illegal" to not report cash brought into the country has got to be the LOL of the year!

@Steve *******

You would have to stand in the bank with them and do the transfers the same as agents do providing funds for a visa 🙂 20 million tax free gift is quite a high number though. Not many remitting that much assessable income into Thailand.

@Greg *******

That's very true, but I would imagine it's any sum "up to 20 million"? And this definitely applies to girlfriends? Doesn't have to be a legal wife?

@Steve *******

Looks like up to 10m for non-relatives if I am reading this correctly and up to 20m for wives, kids etc

@Greg *******

Had a read of that document. Anyone in any shape or form of relationship can basically get out of paying any tax in Thailand. As you indicate, it would certainly be prudent to be standing next to the friend when the transaction is carried out. As it's up to 10m per year, I guess monthly "gifts" can be made too?

Anonymous participant 545 Don't know which country you're from, but your best bet is to read the DTA relevant to your country. No-one in this group can give you any solid advice without that information

Anonymous participant 545 depends. Assuming you come from a country with a Dual Tax Agreement with Thailand you in effect end up paying the higher of Thai tax or your home country tax on the income you bring in to Thailand. If there is no Dual Tax Agreement you will be taxed twice

Anonymous participant 545 Thai taxation is really not complex. It is by so called newly minted tax advisors that try to make it out it is. Nobody worried about it until the announcement of November 2023 that all remittances for Thai tax residents are assessable. Previously if you kept income outside Thailand for a full tax year it was neither assessable or taxable. This suited very wealth Thai's. They could earn untaxed income outside Thailand, leave it for a year and never be taxed on it. This is the loophole they close and who it was aimed at. All of a sudden so called Thai Tax Advisotrs popped up aimed at foreigners. These guys were unlicensed Financial Advisors one day and the next unlicensed tax advisors. They marketed their wares using FUD (Fear Uncertainty and Doubt). Many of them selling unneccesarry products to foreigners. Just like they did with their high commission low return finance products when they were Finance Advisors - charlatans in the main (Rant over lol)

He did not ask for a service, he asked for information and personal experience. I did that. Thanks.

I read them and follow all of them before I posted.

Dude. His links are accurate. His information on this 'page' highlighted is accurate. You are a step to far. Now your selling something and I am not. follow the links on the page I posted. They are up to date.

@Joseph ********

I am selling nothing except in your delusional little world. On the other hand you are promoting an amateur selling services with FUD marketing.

I didn't sell anything. I am a researcher. His links to official policy is correct. I shared informatively.

Gooday

@Joseph ********

He was a financial advisor who jumped to tax advisor after tax changes announced. He is not a qualified tax advisor and not legally qualified to give tax advice in Thailand. I posted links to trusted global tax advisors. If you want to trust and pay amateurs then up to you

@Greg *******

Agree with you 💯%

@Andy ***********

you cannot give any official text who say "if tax paid elsewhere (with dta), there is not tax to pay in Thailand" ..

And yes you can you can find text like the DTA himself which is a contract binding 2 country... the goal is for people not taxed twice ... and not that some people live in a country with income ( maybe low taxed ) from the other country .. logic

@Michael ******

And you won't find any text staying Thailand will tax money which has already been taxed. Logic

@Andy ***********

yes, you will find :

1/ PWC pdf document with full detail explaination. More complicated, probably need IQ > 100

2/ Official thai tax document from thai revenue departement. ( very easy to understand for everybody with IQ > 80 )

You are not taxed twice ... you are taxed at minimum of thai tax bracket. ( tax credit ) ( if the income is from dta country, otherwise yeah you are taxed twice. I already have a lot of income taxed twice...) it is logic to pay 5% income tax in a country B , and live a country A where tax is 50%, and pay only the 5% in country B it look logic for you? Haha 😅

@Michael ******

Thai Tax Form. Only space for "assessable income". No space for showing tax already paid, or tax credits, or exemptions. Anyone with an IQ above 1 will simply put 150,000 in assessable income, and tax due will be zero. How simple is that?

@John *********

so lets say you remit money to Thailand in the form of 20k of your own currency in my case its NZd, money I've saved after paying tax on. your saying we are liable on that 20k for tax. even though its savings having tax paif already. sounds like a logistical night mare considering on a DTV you cannot have a bank account in general speaking terms, you cannot work for a thai company or take income from a thai entity..

@Paul ********

20k was earn in a year you are thai tax resident ? Yes it is income, taxable in Thailand ( if remitted ). When you are tax resident of a country, the country tax your national income and also your FOREIGN income. ( very few country don't do that )

The 20k was earn before ? It is saving, you can bring/remit it to thailand tax free ( as it is not new income )

@Michael ******

only if it was earned before 2024 it is tax free. If you earned it 2024 or later it is not tax free anymore, so your remark is only partly correct.

@Luit ****************

if you become thai tax resident in 2027 ( and you are not currently ), you think they will tax you saving money from your income you had in 2025 ( when you remit it to thailand in while being thai tax resident ) ???

Thailand tax INCOME, not saving... they explicitly say in the text 2024 because it is easier to understand for people doing the 2024 tax report 😀

@Michael ******

Yes, money earned in 2025 and brought into Thailand in 2027 is taxable. If you have to pay tax depends on the situation and DTA. Why do you think it should not be taxable? I t is up to you to prove you already had this money before 2024.

@Jim *******

You don't know that no-one will care, that's a silly thing to say. You also don't know if he comes from a country with a DTA with Thailand, and further allowances from where he was taxed are irrelevant (assuming his income is taxed in a DTA country)

@John *********

Of course after-tax expenses can be applied to money before it is transferred. He might also come from a higher-taxing country than Thailand, or the money he transfers may have been taxed at a higher rate before transfer. There are so many legal variables. Where only a small difference is applicable, it's very easy to legally massage numbers.