its a 5 year visa not a 1 year visa. And these people are paying for food and housing.

@John *******

from what I have seen, nothing for DTV requires a verification of income at all. I don’t think anyone in the Thai government who created, promoted, or is regulating this visa has thought about anything at all. Wouldn’t be the first time. You can go back in this group and look at all the posts of people who don’t meet the requirements and still trying to do these things to do it. If you don’t have 500k in your bank for 6 months, you should probably be at home trying to figure out some better life choices. It’s not a lot of money at all.

@Todd ********

I don’t see how there’s any beauty in it. All it does it promote fraud and there will only be so many people just taking up space without even adequate funds to really live here. Wait til all the GoFundMe pages go up for motorbike accidents.

@Brandon ***********

what the fuck is even the point of having any kind of requirements or a visa altogether if it’s just going to be ignored and anyone with a pulse will be let in for 5 years?

@Gordon ******

so many of people just kind of making shit up to get visas. It’s ridiculous. There are laid out requirements for who can get this visa and retail stock traders aren’t one of them.

@John *******

because they don't require any earnings/income for the visa and 500k isn't even enough to live for a year with no income. Someone could get a friend or family member to transfer 500k to them to apply for a visa and to transfer it back. 3-6 months shows a consistency of savings. Not requiring any income and allowing someone to show a snapshot one time of an account is fucking terrible and will promote visa fraud which Thailand already has too much of.

@Tim ********

in prior years it apppied if it was brought in the same year it was earnes

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

why do you think retirees are the only foreigners living here?

@Tim ********

that would be nice. There are lots of foreigners who are tax residents not submitting their reports. They should be denied extension of stay.

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

I’m not frightened of anything. I already pay tax in 2 countries as legally obligated. I will continue to do so regardless of newly implemented laws. You’re singing a different tune now than you were an hour ago. You went from “the revenue department isn’t looking for me” to “I am not obligated to pay tax because of a DTA”. Even if you’re not obligated to pay tax, you are obligated to report your income if you are a tax resident and if you are not reporting the income, that is tax evasion. Tax avoidance is a legal strategy to plan for non-assess ability of tax. For instance, only staying 179 days in country. Or, organization of a corporate entity in a country with favorable tax rates. It is not simply not reporting your income as legally obligated because you personally feel a DTA doesn’t obligate you to pay tax. You may never raise any flags with the revenue department, but that doesn’t change what you’re doing.

Furthermore, this is not a media speculation. There are drafts of the amendments to the code. That’s how the media has the information to report it. You’re free to believe what you want to believe, but you aren’t entitled to make up your own facts.