tax implications for expats

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This page displays all the results for the Tax Implications for Expats tag, sorted by the most recent activity. There are a total of 11 questions that have been tagged with Tax Implications for Expats. Explore the questions to find discussions and information relevant to this topic.
Oct 7, 2024
a month ago
Stevie ********
ORIGINAL POSTER
What is the lowest price for non o renewal in Pattaya 12500bht cheapest I've found does anyone know cheaper?? I need a bank cert with this. I should've said this at the beginning. But it is in the comments later.
Oct 6, 2024
a month ago
Stephen ********
ORIGINAL POSTER
For those who want to open a bank account I want you to watch this to pay very special attention to: 12:00-12:15

“What triggers expatriation into thailand”

“Opening a bank account and trnasferring funds into that bank accout”

This is how I take that.

1. If you make a bank account here, it is purely to make your tax simpler/easier. I’m going to call an accountant tomorrow to see if we even need to lodge a return if we don’t bring any money in, but I assume we do over 180 days. If someone knows, please comment. I would prefer not to have to make a return if not needed.

2. All your spending should be with revolut and wise to not trigger expatriation. Do not just simply transfer money into a Thai bank account willy nilly. Only transfer money in you expect to be taxed. So 149,999 cap if you want to do it tax free.

I’m not sure if Western Union counts but I might even take that out somewhere else in the 6 month break.
Aug 21, 2024
3 months ago
Nyi ******************
ORIGINAL POSTER
Successful DTV Visa with spouse - Phnom Penh Cambodia 🇰🇭 🎉

Processing time- Minimum 1 week

Walk-in. No appointment necessary.

Submitted documents

1. Thai Bank Statement - 900k

2. Singapore Bank Statement - 20k

3. Uk Engineering Degree

4. Supporting letter from company director that I can work remotely

5. US Business license

6. Singapore Business license

7. Thai Vehicle Ownership Document and Thai House Rental Contract as supporting documents

8. Marriage Certificate for spouse

9. $400 visa fees per person

Our visas were approved.

Many others front of us were rejected and they refunded visa fees.

Tips: They mainly check 2 things. Financial and work supporting documents.

You need to convince the visa officer that you can work remotely. So, submit as many verified documents as you can.

Submit thai bank statement if possible so that they can confirm with their banks. Otherwise, they may ask for last 6 months statements.

They prefer work category instead of soft power or others.

Best of luck 🤞
Aug 12, 2024
3 months ago
Tim **********
ORIGINAL POSTER
Hi

I’m English currently living in Spain,any advice on relocating to Thailand)Pattaya) i will have my state pension available in 2025 and have about €50,000 in cash when I move

Any advice on how or if it would be possible to make this move later in the year

Advice on visas and purchasing of a small condo,any other advice greatfully accepted
Jul 20, 2024
4 months ago
John **********
ORIGINAL POSTER
I have a question that some of you may have experienced .

I am a cyclist and my wife & I are moving to Thailand to live . I have 3 road bikes and they are expensive . I want to ride the track out by the airport and some other areas .

My wife is a Thai national and lives with me in Canada .She has her PR and has lived here over one year , that allows her to bring items back into Thailand without being taxed from what I've researched

We will be bringing 3 road bikes with us , 2 are mine and 1 is hers . Total value of the bikes is around $35,000 and I'm wondering when we come through the airport in Bangkok are we going to have to get into a deep discussion over bringing the bikes to Thailand and immigration wanting to try to tax us ?

We will have sold everything else we own but the bikes were custom builds and I can't replace them in Thailand for what I paid for them . 2 are 1- 2 yrs old and the other is 10 yrs old .

Ive tried to sell the older one but most people at this time ( in Canada) do not have the extra money so I'm going to be stuck with bringing it with me

Anyone just rolled through immigration without issue ?

I do not plan on telling immigration that we are planning to live in Thailand at that time . I will apply for a marriage visa later but I do not want to commit to staying in Thailand until we learn more how the income tax may affect us .

If it does then we will jump countries and live 179 days in thailand and then go another country for the remainder and come back again but thats to be determined once we have been there for a few months and speak to a tax accountant

Anyone have experience bringing bikes with you into Thailand ?
Apr 16, 2024
7 months ago
Hi

We are going to Thailand in Oct for 24 months what's the best visa to get.

We are both retired and over 60 from Canada

Thanks all
May 4, 2022
3 years ago
James *********
ORIGINAL POSTER
Learned this from a CPA friend of mine...

If you are American and have a foreign bank account - you need to fill out "FBAR, *Form* 114" with your taxes yearly, or ELSE! There is a $100,000 fine that may be leveled against you, if you don't. Look it up - don't find out the hard way!
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