No, according to the Thay embessy website, there is no income requirement. It's just the 500k THB 'current balance' requirement. You might not even need to show multiple months of bank slips or income or payslips or anything, depending on which embassy you apply to.
Taipei told me, when I sent them an email with an example bank statement, that my current balance is fine. The bank statement only showed the last week and it's closing balance.
Since they want to see a certain amount of money on your bank account to prove you can support yourself, they probably just want to assess your income.
But then again, the requrements clearly say it's not about regular income, just about having 500k THB on your account.
No one knows what the real background is therefore. Could also be, as you assumed, related to taxes.
Either way, what's the harm in providing those tax statements? You did of course pay taxes, as you should, right? 🙂
Exactly. Turns out it's actually not possible to not be a tax resident anywhere. It's always some place. The last country you've been a tax resident in or your home country or whatever. I've talked to some accountants and they told me it's very likely illegal what most people do.
I just pay tax, as we should, and be save with it. Nothing wrong with contributing to society (somewhere).
I recently learned that that's illegal and you're always liable to pay 'somewhere'. Might be the last country you've been a tax resident in or your home country.
Can you point me to resources that are as trustworthy as the three tax consultants I spoke to about it to prove them wrong? 😃
I don't want to avoid taxes, I'm more than happy to pay them. As should everyone else. But I'm in a limbo of actually not knowing WHERE I have to pay them next year because I'm in that less-than-180-days-everywhere situation.
Law is not a choice. And I sure know about our cash economy. And I very much so despise it. It's illegal and it's sad to see that people try to make it look like it's ok, just because it happens everywhere.
I pay my tax everywhere and to the amount I owe. As should everyone else.
Anonymous participant Well now I'm worried about the bank statements. 😃
My company is newly founded. My plan was to pay myself the 500k THB as my first salary so that it's in the account. But it wouldn't be there for 6+ months. meh
Entry stamp in your passport seems to work, bank statements, bills, anything with your name and address on it. But it depends on the embassy. It's best to email and ask to avoid running into trouble. 🙂
