CRS - common reporting standards banks will share all transactions with TRD, amounts involved will determine how far up the list you are…..most will fly under the radar
Tax changes are being driven from outside Thailand is the subtle difference, US and others want to close tax havens around the world, and Thailand has signed up so big fish will h
subtle difference is that 800k brought in before 2024 is not taxable, the 65k a month effective this year is taxable for those that choose to register for tax, although tax you have paid on this amount in your home country is offset against tax due here, acts as a credit.
banks and tax authorities have sight of that through CRS (common reporting standards) a system pushed by US and OECD to prevent tax evasion and money laundering will it be rigorously enforced here who knows they will pursue the big fish first, we are small fry
what happens if at some time in the future Immig ask for a tax clearance cert before issuing a retirement visa - simple - agents and immig officers get rich, and the bribes may end up being more than the tax due every year -it’s a personal choice…..
that’s your prerogative and I suspect many will do the same, experience in many other parts of the world tells me that the tax man is relentless, and back tax and penalties can be painful - not something I want to put myself and family through at my time in life for the sake of 10-15k per year……what happens of h