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.
thank you 🙏 I wasn’t aware of that. My intention is to apply for it in my home country. However, if I had an overstay in my history, I believe that would impact my prospects of getting a 12 month extension to the Non O in Thailand 🇹🇭?