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foreign clients
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Earlier in the year foreign clients of Kasikorn Bank received communication about Commonn Reporting Standard (CRS) and FATCA (for US citizens). There was a need to complete and submit forms.
Now Bangkok Bank has started the communication and it is predicted all foreign account holders of accounts in all banks will have to complete the forms.
The main question for DTV holders on the form is "Country of Residence" and "TIN" or if no TIN specific reason. This is for Tax Reporting to country of residence which Thailand signed up to.
I understand that I’m allowed to work remotely in Thailand with clients from outside the country but not to work with Thai clients or be directly involved in Thai businesses.
But, how about in-person events held in Thailand, organised by DTV holders who target foreign clients?
From my experience, I’ve seen some businesses in Thailand (for example organized events, or retreat centers) who invite foreign guest teachers for short-term events while the teachers are on tourist visas (short term business), and nothing wrong or ilegal seems to happen.
With a DTV Visa, would I be able to legally:
- Held an in-person event in Thailand at a venue that regularly hosts other foreign guest teachers for similar in-person events?
Clients attending such events would mostly be foreigners.
Do you have any advice on this?
Is there someone else you recommend I consult? (Currently consulting a Thai accountant).