@Rena ********

I saw that video. His source was an anonymous immigration officer quite in the newspaper of record "The Pattaya Mail" 🙂 :-)

@Magilian ***********

64 Million Dollar question. In my tax submissions for the last 5 years it has been an honour system of declaration. The consultants sent some form to complete in English. They put it into a Thai Tax Return and I signed a declaration it was a true and honest representation. The TRD (Thai Revenu Department) has not had to deal with these issues before. Income kept out of the country for a calendar year was not taxed. Wealthy Thais just kept it outside a year before bringing it in. The rules were only changed for 2024 that it did not matter when it was earned. I just cannot see DTV hldersw being caught up in this for a good while yet. Wait and see what happens to the 100k Retirees here that in theory should be submitting a tax return in 2025.

@Milo ********

Depends which office though. Some are very efficient

@Andy ***********

Good catch - correct.

Anonymous participant He is always full of nonsense.

@Magilian ***********

If, and it is currently a big if, you become tax resident in Thailand you tax would only be payable on assessable income brought into Thailand. If you are taxed at source ie in USA then monies brought in would be assessed but subject to any agreements ie the DTT with the USA.

@Rafa ******

I do not know where you come from but opening bank accounts without being resident etc is not easy these days. The DTV is a tourist visa - where else allows temporary tourists to open bank accounts?

Correct in both accounts. Cannot apply in Thailand and it is for 5 years from date of issue4

@Tj *******

The current law is as you state. It is only money brought into Thailand that is assessable. One official from the Thai Revenue Department raised the issue of taxation of all global income a month or two ago. It has all blown up from there with articles in the Bangkok Post and dodgy tax advisors winding people up. It would need a change in law for global earning to be taxed and government support. This is not happening anytime soon ie will not be in place for 2025 income never mind 2024

@Deepak ******

I know how it works. I mentioned my old bossxwas doing it but primary tax residency was Singapore. USA tax after that will various allowances. I also know companies often pay tax differences as a benefit.