... and someone has to provide you with 500k baht deposit in a Thai bank. Also be aware that you will be required to file a tax return in Thailand, and you may well have to pay Thai income tax on money which is brought in. Check the DTA of the remitting country. /FOREIGNERS_PAY_TAX2024.pdf

@Andy *********

they will scrap it, crazy idea

So little is understood about this visa. "look before you leap, still waters run deep"!

I think u need the 500k, I can see a lot of opportunity for fraud with booking some kind of course. take care.

@Andy ***********

no and no and very probably, same as every other country in the OECD. 05/new-overseas-income-rules

@Andy ***********

if you reside in Thailand for 180 days you are tax resident in Thailand, the fact that may well be also tax resident in Australia is irrelevant to Thailand. Saving earned before 2024 can be remitted tax free so long as you have satisfactory proof. If you invest the lump sum in Australia and gain profit, if that profit remains in Australia, it is not taxable in Thailand. If the profit is remitted to Thailand it is taxable in Thailand and the DTA will allow you any tax paid in Australia to be deducted from Thai tax. If the new proposal is adopted then even if you do not remit the profit to thailand but it remains in Australia it is still taxable in Thailand.

No it does not, if you are tax resident in Thailand and u transfer money into a Thai bank you pay full thai tax. you can claim a tax credit for taxes paid in Australia. Currently you are in a grey area as currently we will only be taxed on funds transferred into a Thai bank. There is a proposal to Tax the funds paid into foreign banks for people who are tax resident in Thailand. After 1st jan the profit of your reinvestment will be taxable if transferred.

@Andy ***********

Correct, saving remitted into Thailand are tax free if you can prove it was acquired before 1st jan 2024. All Carls vids are for people who are tax resident in Thailand, what Australia taxes is their business. If you are trying to claim all payments from a pension fund are tax free because you made the contributions prior to become resident I suspect you are wrong.

@Andy ***********

This might actually help you more than living in denial.

@Addy ******

why do you have o go on a visa run if you have a work permot as a teacher or don't you have a work permit?