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thai banking regulations
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Since TAX and DTV keep coming up and we keep seeing headlines that thai authorities want to get stricter with enforcing the tax
.....Are there any countries currently which successfully enforce tax on money brought into their country (and how do they do it?)?
....Will the thai tax authorities go straight to Thai banks (if you have one) and request they share information on how much money is being brought in?
....With people without a thai bank it seem almost impossible for them to enforce tax on remittance income
....I'm probably gonna go back to working in thailand because I don't suddenly want to be lumped with a 200,000 k baht tax bill etc...
I recently was married to my Thai fiance. Today I was told by my Kasikorn bank that I can't add my wife to my Thai account with a retirement Visa. I'm not sure if that means I will have to update my retirement Visa to a marriage visa 🤔
Myself and my wife are moving to Thailand in March for a few years, both over 50, British and no intention of working
We have the money to put the 800k each in bank accounts, I believe we need 2 separate accounts
Now when we arrive in March we will have about a week where we are setting before 2 weeks travel away for the area (long booked and can't really change)
The issue is opening bank accounts and getting the money in early enough, plan is to arrive on 90 day "Non O on basis of retirement )
As we will be hotels for the first 3 weeks this sounds a bit tight
We visit for a holiday, staying in a rented villa, in November for 15 nights
Would it be possible to get a 90 day Non O for that trip and sort our bank accounts out? we could then transfer the money with plenty of time to spare
Not sure if that would be an issue to get another 90 day non O 5 months later? Also I cant get the 800k each in you UK accounts until month end so they won;t have been there for the 3 months prior to applying in the UK, the will have been well over 65k thb a month deposited in each account for a long period though
If possible what paperwork do I need from accommodation and anything else to help with bank accounts or is it easier just to use an agent for the accounts? not sure what they currently charge for this
If we leave it all until we arrive in March I assume I can't do anything when we arrive in March and this would leave us with only 2 month to deposit and season the funs
Any advice/suggestions greatly appreciated, thanks