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Angelo ***********
This is a summary of
Angelo ***********
's contributions to the platform. They have posed 0 questions and added 545 comments.

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COMMENTS

Angelo ***********
@Deepak ******
You can not pay to a QR code with cash.

Most brilliant answer ever.
Angelo ***********
You need a banking app. And either pair a credit card with it, or get a Thai bank account.
Angelo ***********
@Greg *******
The law got changed beginning of the year. All income is taxed. Does not matter if you bring it to Thailand or not.

Obviously you could cheat ...
Angelo ***********
@Magilian ***********
Taxes in Thailand are super low. Get a tax accountant.
Angelo ***********
Anonymous participant Why not just read the laws?

OLD law: income outside Thailand tax free as long as it is not transferred into Thailand in less than a year.

NEW LAW (current): income outside of Thailand is taxed. Regardless when you bring it into Thailand.

Money transfer: not taxed. It is just transferring your own money from one account to another one.

If you have a youtube video, I suggest to check the date. And listen more carefully to what they are actually talking about.

You can transfer as much money as you want: no taxes. On what would be the tax? It is not income if you sent your own money to another account.
Angelo ***********
Anonymous participant You are wrong.
Angelo ***********
@Sam ********
No, that got changed January 1st of 2024. All income is taxed. Does not matter where you store/hide it.
Angelo ***********
Anonymous participant Money transfers into Thailand are not taxed, and never were.

EDIT: taxed is income. You earn money you pay taxes. Does not matter if you transfer the income into Thailand or not.

Historically, income made outside of Thailand was not taxed if it was seasoned more than a year outside of Thailand, before bringing it here.

This seasoning rule was abolished beginning of the year.

Does not matter where you make your income, and how. Is it is "income" it is taxed at the place you live.

Has nothing to do with ATMs or money transfers.
Angelo ***********
@Craig ********
No, I work in a standard Non B visa for my own company. The DTV came to late, my company was already founded.
Angelo ***********
@Craig ********
You can not be employed by a Thai employer. Simple. Common sense. Or not? Why post in forums when you have no clue about the topics the forum is about?