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Pete ******
This is a summary of
Pete ******
's contributions to the platform. They have posed 5 questions and added 1711 comments.

QUESTIONS

COMMENTS

Pete *******
@Todd ********
a nonsensical statement. Savings are not taxed on remittance to Thailand. That is just fact. Please prove me wrong with evidence. You can’t because guess what, savings are not taxable on remittance.
Pete *******
@Todd ********
false, they can all be remitted tax free. Your statement is just not credible. As an example of why you are wrong show me where in the Revenue Code it states that savings are taxable. Savings are not income. Only income is taxed. This is basic stuff.
Pete *******
@Todd ********
any “assessable income” spent in Thailand is an accurate way of looking at it.
Pete *******
@David *****
it’s defined as funds “brought into” Thailand either physically or electronically.
Pete *******
@Luit ****************
not correct, savings are NOT taxable regardless of when they were accrued. The date you give of
*****
/2024 is irrelevant for a DTV holder.
Pete *******
@David *****
any funds brought into Thailand either physically or electronically are classed as being remitted.
Pete *******
@David *****
foreign sourced assessable income is only taxable on remittance.
Pete *******
Remitted means brought into Thailand, examples would be bringing in cash, using banking apps, withdrawals from ATM’s, using debit cards etc. Only “assessable” income is taxable. You can remit unlimited non assessable income without attracting a tax liability. Savings are not income and can also be remitted tax free.

Yes a simple bounce out of the Kingdom and re-entry will give you another 180 day stamp.
Pete *******
@Kan *****
the bank will give you the required documents on the day you request them.