@Cyndie *******

Technically anything you take from an atm and anything you buy using a foreign credit card is considered “bringing into Thailand”.

Enforcing this is an entirely different thing, even though Thailand is setting up information exchange with many other countries as part of their desire to become a member of the OECD.

That includes information exchange with most European countries, USA, Canada, Oz and multiple other countries in e.g. South-America and SE Asia.

@Tony *******

The difference being that under the old guidelines you could keep your income in your home country even though you were already tax resident, and then send it to Thailand tax free as “savings” in the next year.

That guideline has now been limited to savings from years before you became tax resident.

@Graham ******

You will *not* pay income tax on income earned in any year *before* you became tax resident.

@Graham ******

That merely adds no and no to income earned before 1 Jan.

No additional information in your picture.

@Todd ********

There you are wrong. Income from prior years, aka savings from before you became tax resident, are never taxed. Not now, not tomorrow, not next year.

If you have 500 million baht in your foreign bank account on dec 31st, and you become tax resident in the next year, you can bring this money to Thailand tax free. No tax is charged on old income from years before you became tax resident. Nothing, zero, zip, zilch.

@Todd ********

No it isn’t. None of the money which you owed in the year prior to becoming a tax resident is taxable income.

Read my comment again and once you understood what I wrote, repeat your fable about old income from ancient history being taxed.

Do you really think Thailand is going to tax you for money earned in 2020? Geez!!! 🙄

Any money you owned in the year prior to becoming a Thai tax resident remains untaxed now and in any subsequent year - under current law. You are, like many, worried about something which isn’t \ won’t be a problem at all.

Chill, relax, come to Thailand and enjoy a well deserved retirement. I wish you peace and happiness.

We have a special interest group on facebook for those who want to discuss immigrant related tax issues:

/

@Todd ********

and immigration officers can not be bribed by agents.. ???

Thank you for welcoming me. You are right. This is SE Asia. Welcome 2u2.

@Rene *******

Yes, they do. Shady agencies open an account in your name without giving you access and temporarily deposit 800k. Then they bribe the IO and basically you will need them every consecutive year to extend.

This is the most shady (and expensive) way to buy your way into Thailand.

@Todd ********

True, but then you’ll still need 800k seasoned.

On top of that, if someone in Immigration figures out that your former application / visa was illegal you might get banned for a few years… Especially the guy who took the bribe a year earlier because he needs to protect his ‘business’.