if you spend that much time in Thailand, why don’t you get a proper visa rather than trying to circumvent regulations.

Why not get a proper visa?

@David *********

thank you.

@David *********

I am not from the US and in my country we don’t ’collect capital gains’. We pay capital gains tax on investment returns. Why would that be a taxable event in Thailand when I have already paid tax in my home country. We have a DTA.

@Tim ********

thank you Tim.

Your first response seems to apply to the old rules,no? Capital brought in earned in the previous year did not attract tax, but it does now.

Income vs Capital? Ok I appreciate that you don’t have an answer to that.

I still don’t understand how the Thai Tax Authority is going to keep track of all of this. In my case, I would then have to supply them with tax returns for the last 25+ years. And, as I said, they would have to employ half of Thailand to review all of this stuff.

Thanks again for your helpful responses Tim.

Have a nice evening 😃

@Tim ********

Thank you for liking my last post but I’d be more interested in you responding to my previous one (the second one).

Thanks

@Tim ********

just as an extra comment, Bangkok Bank already have my TR from last year as that was a requirement when I opened my bank account at that particular branch.

@Tim ********

thanks Tim, I understand that. But, what I was saying is that the funds that I transfer to Thailand is not something that I have earned last year or this year. I’ve been retired for 4 years, hence I don’t have an income from employment.The funds comprise of investment returns and funds from my self managed super fund etc … which have already been taxed and accumulated for decades.

So, are you saying that they would be interested in reviewing my tax returns for the last 20+ years?

If that’s the case, I think they’d have to employ half of the country as auditors of Falangs.

In addition, the funds you transfer into Thailand 🇹🇭 (180 days plus stay) has in most cases been taxed in your home country, hence the DTAs.

Also, as some of you state, if the tax you paid in your home country is less than in Thailand, some of you state that you are then liable to pay tax in Thailand for the difference.

How on earth would the Thai tax department know how much tax one has paid in their home country if the funds are coming from a savings account? Obviously sums in there, originate from other sources over decades… I repeat decades. Of which tax has obviously already been paid.

Why don’t you get a proper visa?