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 29 questions that have been tagged with Tax Implications. Explore the questions to find discussions and information relevant to this topic.
Jan 18, 2025
3 days ago
Rich ********
ORIGINAL POSTER
I’m looking to apply for a DTV in the next couple of months from the UK - currently in Thailand on a 60 day tourist visa .. going back end of next month .

I own a business in the UK which I can mostly run remotely (it’s an IT business with employees in the UK

Regarding the tax situation with a 180 day DTV .. I take it you can only spend up to 180 days in Thailand in any tax year (12 months)… so realistically I could not spend 180 days in Thailand , fly home for a month, then come back out for another 180 days without the Thai tax implications?

I’ve seen varying suggestions regarding the DTV but if anyone could confirm it I would greatly appreciate it

Many thanks 🙏🏻
Jan 17, 2025
4 days ago
Antti *********
ORIGINAL POSTER
Have you heard anything about the fact that if you are an employee, the company you work for remotely from Thailand should pay social security contributions to Thailand?
Jan 16, 2025
5 days ago
Graeme ******
ORIGINAL POSTER
I am looking into the LTR wealthy pensioner visa but can't find how they determine the $80k passive income. Is this income pre or post tax? If you have income which is tax free say from ISA's do you ( if the passive income is pre tax) add on the tax that would have been paid when demonstrating the $80 k income? I am unsure how you treat a pension income which is pre tax and other income which either post or no tax?
Dec 27, 2024
25 days ago
Andries *********
ORIGINAL POSTER
Good day to you all. I plan to apply for the DTV and can register in Spain, where I currently live as a self-employed worker but there is also the option of the e-Residency from Estonia. That enables me to work like that as well. Does anybody have experience applying for the DTV while using Estonia`s e-Residency as a freelancer? The main reason to choose Estonia would be financial, freelancers pay a hefty fee here in Spain on top of your taxes. Thanks!
Dec 11, 2024
a month ago
Robert *********
ORIGINAL POSTER
I am seeking to retire here first before we sell business to be here together. What is the best visa for me to get please. Age 72. Uk passport.
Dec 7, 2024
a month ago
Hello everyone,

I hope this post is okay here, even though it’s not directly about the DTV Visa. I’m seeking advice on investing in mutual funds or ETFs in Thailand as a DTV Visa holder. I have Krung Thai Bank account and I found some mutual funds there but it might need to open mutual funds account.

Are there others here in a similar situation? For context, I’m from Asian Country not from Europe or US just from Myanmar and currently living in Thailand. I’d like to know about the policies, tax implications, and options available for someone with my visa type.

I’m planning to invest a portion of my monthly income and would greatly appreciate any insights or experiences you can share or get some advice.

Thank you!
Nov 8, 2024
2 months 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
3 months 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
4 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?
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