If you have the 800k in the bank - 1900 baht(plus re-entry stamp). Very easy to do.. no money then agent required @ cost.. this option might become a thing of the past though, so be careful
I see as of 2 days ago Thai parliament, has bought into law tax evasion(non disclosure) is now a criminal offense. Perhaps there is a long term plan after all
/23 to prove savings in hand, and bought enough cash in country prior to
*****
to last a while :-0.. let’s see where this all goes.
I think what people are not really talking about as much is that Thailand also become a member and compliant to the global (well 162 countries last count) CRS (common reporting) system at the same time as the revised tax “interpretation” was enacted. It’s a big step up from the US based FACTA reporting pushed on us in Thailand a few years back.
As I understand there will now be full financial transparency between governments, so if you stay here longer than 180 days your deemed a tax resident and will require a tax # .. if you come above the radar it’s going be interesting what information they (revenue department) will have on us globally.
I’ve been paying tax in Thailand for years, so not really an issue for me, always looking at ways though to minimize tax on cash inflow from external sources.
I read for instance that gifting money is tax exempt up to a limit, to Thai nationals as I understand. A small concession perhaps.