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What are the tax implications for holders of the new DTV visa in Thailand?

Aug 12, 2024
8 months ago
Does anyone know the tax rules on the new dtv visa? I have been told by my agent everything I send from my uk bank to a Thai bank will be taxed.
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TLDR : Answer Summary
The tax implications of the new DTV visa indicate that funds sent from a UK bank to a Thai bank are subject to taxation for anyone, confirming the agent's advice. Additionally, individuals who stay in Thailand for more than 186 days in a year become tax residents, which affects their tax obligations.
DTV VISA RESOURCES / SERVICES
Simon ********
Yes if you stay longer than 186 days in a year you will be a Thai tax resident
Audrey *******
Thé proof of 500 kbath for dtv does not have to bé on a thaï bank account
Graham *******
This applies to anyone, your agent is correct. Go on!
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/FOREIGNERS_PAY_TAX2024.pdf
Andrew ****
@Graham ******
I talked to major foreigner accounting firm here and they said this isn’t finalized yet.
Graham *******
Andrew RN which one? Might be true that the implementation is not finalise, is it ever anywhere. Here is the last statement I am aware of that originated from the RD. BTW no laws have been changed, only thing new is the removal of the 1 year delay in reporting and the RD has been instructed to enforce the existing laws fully. There is a proposal to tax global income and that I believe is the only area not finalised.
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and
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/FOREIGNERS_PAY_TAX2024.pdf and https://www.pwc.com/th/en/pwc-tax-news-flash/2023/eng/tax-news-flash-06_2023.pdf
Anonymous *************
ORIGINAL POSTER
@Graham ******
so if I was to spend out of a uk bank it wouldn’t be taxed?

Just wondering as I’m spending money I’ve saved over 10 years and already been taxed on 😂
Graham *******
Anonymous participant if u can prove you had the money in your bank before 1st jan 2024, then that money will not be taxed. You must keep records.