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Andy ***********
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Andy ************
@Richie-Rich *******
That's a general overview, but not strictly true. Every individual situation is different
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@Martino ******
Correct. I was speaking generally. Every individual situation is different. A person who retains tax residency in their home country and has a permanent home there, will not be required to pay tax in Thailand, irrespective of how many days they are in Thailand
Andy ************
@Paul ******
I'm only stating the law, not what will actually happen. With advanced technology it would be possible to trace ATM withdrawals made by foreigners, the same as foreign cash exchanges, but I agree the cost involved versus the amount of tax which could be recovered would make the exercise uneconomical.
Andy ************
@Paul ******
Tourism is not affected. Tourists are not tax residents of Thailand
Andy ************
@Chris ********
Each time you bounce you get another six months, so first six months is no longer relevant
Andy ************
Anonymous participant If you haven't paid tax on it, and it's classed as assessable income (and you're in the country for more than 180 days)
Andy ************
@Richie-Rich *******
Using credit cards for purchases, ATM withdrawals etc are all counted as bringing money into the country. Through CRS these are traceable
Andy ************
Anonymous participant Bank account makes no difference. You don't need a bank account to bring money into the country