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Pete ******
This is a summary of
Pete ******
's contributions to the platform. They have posed 5 questions and added 2045 comments.

QUESTIONS

COMMENTS

Pete *******
@Kool ******
utter rubbish. Once you become tax resident regardless of the visa you are on then if you remit foreign sourced assessable income it may attract a Thai tax liability.
Pete *******
Anonymous participant under current tax law even if remitted in future years if you are tax resident your remitted assessable income is taxable
Pete *******
Thailand doesn’t tax worldwide income. Thailand has a remittance based system. Once you become tax resident any foreign sourced assessable income remitted into Thailand may attract a Thai tax liability.

My question would be how do you intend to live for 5 years in Thailand without remitting funds?
Pete *******
@Paul ******
you obviously are not up to speed on how Thailand operates. Banks no longer open accounts for people on tourist visas due to increased AML/KYC checks driven by a change in law making the banks responsible for any fraudulent activity. Going to a different branch or different bank is not going to make any difference whatsoever.
Pete *******
Forget it, just have a chunk of money set aside.
Pete *******
You were told nonsense probably not to lose face. A DTV is a tourist visa, tourists cannot open bank accounts.
Pete *******
You are confusing travel insurance with health insurance. Get your health insurance once you arrive in Thailand.
Pete *******
@Mark *******
replace “money” with “assessable income” and you make a correct statement.