Apply for DTV visa with 1 week Thai cooking class. You will get in 2 days a 5 years multiple entries visa with far less headaches. No stupid rule like 400k THB in a Thai bank account .

@Kool ******

I wish and hope you are right …

@Kool ******

Rumor ? The head of the Thai revenue department communicated on it . Not a random journalist …

What is brand new is the intention to tax global (worldwide) incomes , not only Thai incomes… Massive game changer

@Kool ******

Unfortunately no. For now if you stay more than 180 days in Thailand , you become Thai tax resident by law and you are subject to taxes on the money you transfer (remit) into Thailand . But it’s not finished: Thai revenue department is currently preparing a new tax law that will tax the worldwide incomes of all Thai tax residents . This law proposal is going to be presented at the Parliament soon…

@Von *****

Mate , when you will stay more than 180 days per year in Thailand you will become one automatically.

@Von *****

Hey mate you definitely need to change bank. Either they lying to you or they have no idea about regulations in place …

@Von *****

Depends which country is your home country . Some countries are not part of the AEOI scheme. Like North Korea for example. But if your home country adheres to this international protocol , your financial data are exchanged and transmitted automatically by your financial institution (bank , brokers etc …) . By law. Just Google it or better: just ask your financial institution directly.

@Von *****

No need. It’s all automatic : since this year Thailand adheres to the worldwide Automatic Exchange of Information protocol (Google it, it’s interesting …):

@Ryan *****

No. The purpose of this new proposed law is to tax worldwide incomes. Regardless if the funds are remitted (repatriated) into Thailand or not. It’s a new development.

Congratulations 🍾 . Thai tax authorities are rubbing their hands :

12/law-to-tax-income-from-overseas-in-the-works