Five years no need to visit immigration is the big plus! DTV better suits those retirees who frequently travel. With regular travel there's no need for planned border bounces as these will just take place "organically". DTV works out so much cheaper over the five year period. No need to keep 800k perennially in a Thai bank account earning pittance interest, and no need for the 65k monthly transfers from overseas. It's really a no brainer
If you're from the UK I feel for you. But not everybody is from a country which has sold out its own citizens! Read article 3(a) of the Australian DTA. I'm dual tax resident, but Australia takes the prize. Therefore I am NOT a Thai Tax Resident, and can easily get a letter from Thailand Revenue to confirm this. Further, like many retirees I'm switching to DTV next year, so immigration is no longer on my *must do" list. They won't be seeing me for years, so very little they can do huh? 😂😂😂
Yeah I'm new here. Seventeen years! I think you're the newby. Very little idea how it all works. I just have to laugh at your naievity. Absolutely no concept! Have a good night
I think there's only 61 DTAs, but they've been in force since the 1980s, so they've been applied since then. I really don't know where all this "proof" is coming from. I won't be filing a tax return in Thailand as I'm solely an Australian Tax Resident, so what "proof" is required. As with any country with self-assessment tax returns, no proof is required of anything unless audited. Tax has nothing to do with visa extensions. So many people use the embassy affidavit method, so many use agents (that'll be interesting - expats having to explain the 800k mysteriously appearing and disappearing in their bank accounts 😂😂). Sadly so many people have been sucked right into this (and from your posts I think you're one of them!). Nothing is going to happen. If you're silly enough to so desperately desire a Thai Tax ID - go for it! And file your return! I won't be doing either, and when the auditors come knocking (which they won't), with a flourish I'll produce the DTA with the relevant sections highlighted, and send them on their way!!
The OP didn't give enough background for a decent answer. I simply said that retaining tax residency in another country with a DTA could well mean a person isn't assessable in Thailand. Again, it depends on individual circumstances. In my case I'm intent on retaining Australian Tax Residency as losing it would be financially disastrous for me because of my investment strategies
Would the Thai Tax Office negative gear my investment properties? Would they refund me the thousands of dollars I get every year in dividend imputation from my share portfolio? Do Thailand give a 50% reduction in CGT? The tax free threshold in Thailand is 150,000 baht. In Australia it's the equivalent of 400,000 baht. I don't know who your financial advisor is, but if I was you I'd be dumping him!