Hi, can someone please help me with this? What is a tax invoice? Of course, taxes are on my invoices… but not only taxes? Thanks!

Opening a Business on DTV, possible?

Hi everyone,

I’m planning to launch my own clothing brand, selling mainly to Europe and the US. The problem is that taxes in my home country are extremely high (even 60% of your money goes to the State and there’s no facilities for start ups…), so I’m considering doing this from Thailand. I usually come to Thailand on holiday every year and I absolutely would love to open something from here and stay here longer.

I’ve been looking into the DTV Visa, which allows me to stay in Thailand for 180 days, and I know it’s possible to pay for an extension to stay longer. My main question is: if I do this extension, can I actually pay taxes in Thailand instead of my home country? From what I understand, I risk paying double taxation if I don't first change my registered residence from my home country to Thailand. Does anyone here have experience about it?

I’ve also heard that there’s a rule where if you keep your business money in a foreign bank account (like Wise or PayPal) and don’t transfer it to a Thai account within the same year, it won’t be taxed. Is this correct?

Finally, would it make sense to open a remote LLC from Thailand for countries like Estonia or Hong Kong to manage my brand more efficiently, or is it better to handle everything locally?

I’d really appreciate any advice or experiences from people who have done something similar on DTV

Thanks a lot!

Hello. Can anyone recommend some accountants based in Bangkok? Am on the DTV as a freelancer and need to sort my taxes. Google search results are too intense and cant figure out what info is reliable. TY :)

The article says Thais but many assume it means all Tax Residents.

[members only]

Hello. Can someone explain to me cost of health insurance in Thailand and also taxes? Did something change recently because on the net there are so many contradictory informations? Thanks

Dear wise people- My Bank deducted a Tax from my brand new saving account. Does that mean I can ask them for my tax number or is it just bank business? Thank you!

Do programmers (freelancers) on DTV need to fill PND94?

Interesting and I'm sure many DTV holders will want to read this.

[members only]

Taxation of Tax Residents - look at the video 3:15.

Interesting 3 points made.

Some very good info in here I had not heard before. One thing that was new to me is banks report to revenue all accounts with over 2 million THB in or 400+ transactions a year.

Bottom line for DTV holders - unless you are remitting large amounts of money you earned in the same tax year you are tax resident then do not worry so much about tax.

EDIT: Around 30 mins they clear up ATM and CC use - yes it counts as remmitance

Anyone have any info about Bitcoin and tax for 180+ day stay ?

If I use bitkub for change btc to THB and withdraw to my Thai account .

Let’s say 1-2Million per year .

What should I do in theory ?

My best and sorry for my basic question I will use professional people for future but maybe someone was in this situation and could add some details 🙏

My best