I opened a bank account with SCB on a tourist visa 20+ years ago. One of the Thai family came to the bank with me and when she told them I wanted to open a bank account because I worked offshore, no problem, but that bank account closed in around 2005. Now I tried recently to open again on TR Visa. No can do. 😂
John thankyou very much for clarifying this. So before tax you can deduct 250,000 baht and say if you have 400,000 a year, you'd pay tax on 150,000? is that correct?
but if your state pension in the UK is below the threshold where you are liable to pay tax, why would you have to pay any tax on it in Thailand? As I understand and have had explained to me, there is a tax threshold in Thailand of 150,000 baht, if that is the case, then only monies over and above that would be liable for taxation. Is this true?
If there is a DTA agreement for the UK & Thailand. If you only have a UK state pension & it is below the tax threshold of £12,500, therefore not liable for tax in UK . How would that equate in Thailand?