tax implications

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This page displays all the results for the Tax implications tag, sorted by the most recent activity. There are a total of 22 questions that have been tagged with Tax implications. Explore the questions to find discussions and information relevant to this topic.
Nov 8, 2024
15 days ago
Paul *******
ORIGINAL POSTER
I wanted to share my experience in getting my DTV (workcation category) in Taipei, Taiwan (ROC).

I treated this visa application like a job application - I actually enjoyed the process of preparing the documents!

I supplied:

Work contract and employment certificate from one company

Contract (signed and stamped by company director) from a second company in the same line of business as the first company

Company registrations from both companies (both translated into English and notarized)

All invoices/salary payments since the start of 2024

Some invoices/salary payments dating back to early 2020 (returned to me, since they were considered "too old")

Accompanying Australian bank statements showing where the funds were paid

An Australian savings account (different bank) showing savings equivalent to several hundred thousand Baht (though less than 500K)

Thai bank statement (6 months) showing savings well above 500K Baht

Myanmar bank account showing salary payment from second company (returned to me)

Most recent salary slip from second company (returned to me)

Samples of work performed for first company / website etc.

I was told since I meet the requirements just from company A, there's no need to supply additional documents from other sources, hence why a lot of documents were returned to me.

I was asked to come in again on the second day and prove how the funds in my Thai account arrived there as they were a bit confused. I wrote in pencil, explaining nearly every transaction and also printed out a 12-month WISE statement proving that most of these funds were in fact transferred in from abroad. This may not have been necessary if Thai banks could provide detailed account statements, like banks in Australia, the USA, Europe and other countries do (all of which I hold bank accounts in).

I also explained that some of these funds were old, as in going back to 2020, 2021 etc. and that I don't normally store lots of money in my Thai account as the interest rate isn't good etc. and consequently only transferred the funds to that account for the purposes of applying for this visa (which they understood very well).

I also explained how due to tax reasons, I decided to transfer funds to my wife's account first, after reaching the top of the tax-free threshold for transfers to my account. She would then transfer these funds to my account afterwards.

I finally received my visa on the 3rd business day in the afternoon after applying. If you need to come in to show additional documents, that resets the processing time. They don't account for the fact that they've already sighted most of your documents, it's basically like starting from scratch.

The Taiwanese staff and I communicated almost entirely in Chinese. They were very friendly and even joked that I would need to pay 1000 TWD more for arriving "late" as they put it, to find out my result on day 2 (I passed) where I paid the fee. LOL.
Oct 8, 2024
a month ago
My employer’s company is UK-based and primarily registered in the UK. I can work remotely from anywhere in the world. My company has recently registered as a 'regional office' in Thailand. In this scenario, my DTV as a remote worker will not be approved, right? Even though I am hired by the UK-based entity and not by the regional office they recently registered?
Sep 21, 2024
2 months ago
Scott ******
ORIGINAL POSTER
For the Aussies in this group...

Since your superannuation was 1) taxed when the money was deposited, and 2) the withdrawals are tax free (at least in Australia)

Are transfers from your superannuation into your bank account 1) tax free due to reciprocal tax agreements with Australia, or 2) taxed since they consider the *withdrawal* as having been non-taxed?

Alternatively, if the transfer went from superannuation -> Wise -> convert AUD to THB -> transfer to Thai bank account, would this audit trail suffice to support your answer to the above question?

Finally, can you recommend a good accountant in Bangkok that would be familiar with this issue?
Aug 30, 2024
3 months ago
Diego ***********
ORIGINAL POSTER
Maybe not the correct group but im sure u guys will know the answer to it! I read many stories about getting help by thai girlfriend for opening a thai bank account (at the moment i stay like 6 months each year in thailand on tourist visa/exemption every time) getting a bank account makes many things much easier like paying for my appartment and all the bills. Is this possible with the help of my girlfriend?
Aug 28, 2024
3 months ago
John *******
ORIGINAL POSTER
Currently planning on retiring to Thailand in about a year. I have the option of a retirement visa (67) or a marriage visa (married 24 years ago in Thailand). I’m in favour of the marriage visa due to lesser financial requirements.

My question is about tax implications for the original 400K deposit and the monthly 40K deposits. Same question about the retirement visa tax implications. Of course, this could (probably will), all change by the time I make my move. TIT
Aug 24, 2024
3 months ago
Anyone here a UK employee? I'm trying to navigate tax and or other implications my employer might face with me working from Thailand. I've spoken to a UK tax advisor who says the best way for taxes on my side would be to just claim them back from HMRC as a non UK resident, however I'm concerned that my employer might have implications for me working there? I need to make my case to HR soon so I'm hoping to get some solid answers. Appreciate any help and advice. Thanks 🙏
Aug 17, 2024
3 months ago
Malcolm **********
ORIGINAL POSTER
Hi Thailand lovers, Malcolm from Mooloolaba Australia, I am 73 but pension is only 58k bht a month and gave my property to my kids so don't have 880000bht in the bank so I think I would have trouble getting a retirement visa. Can I get a 180 day visa,I have been doing 30/60/90 days for about 2 years and fly back to Melbourne to my daughter s 22th September and will apply then, which Visa do you recommend, thanks 🙏 Mal
Jul 17, 2024
4 months ago
Tommy ********
ORIGINAL POSTER
Hi all,

Please provide me a list of questions you want to know about applying for DTV visa.

I’m speaking with my contacts at the government who MAY be able to clarify or get me an interview with someone who can.

Make sure your questions are specific and not something that can already be answered by the public information released or by this community.

I’m a news media professional for those who don’t know 👉🏼 Tommy Walker
Jul 12, 2024
4 months ago
John *********
ORIGINAL POSTER
I have been using the 800 000B deposit method for the last five years of visa renewal. I would now like to withdraw those funds after my recent renewal two weeks ago. I have for the last two years been running the monthly income method concurrently with this in mind. Am I safe to now withdraw those funds do you think and use the income method at next renewal. Many thanks in advance
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