that’s what the banks quote, and their law is what matters - very hard to open a bank account anywhere in the world now without resident status - spent last five years having my accounts in Dubai, HK and South Africa closed….they say it’s due to Money Laundering legislation but that can’t of course be the case here 🙂
Sure has, a tax resident (someone who spends 180 days in a calendar year here) is obligated to complete a tax return in Thailand , taxes paid in AU are offset against any Thai tax, usually a wash however, if you are not currently paying tax in AU, stay there or seek advice…
If you pay tax on your income in Australia, you will get a credit ( under the DTA) against tax due for remittances you make to Thailand to live on - earnings/savings prior to 2024 will also not be taxed here , ie if you remit funds for your retirement visa or to buy a property.
dealt with tax issues continuously, I was quiet pleased to be able to retire in a country where tax residency was not an issue, that bubble soon burst…..but I think with DTA’s in place it will be a wash, already got my tax Reg number and spent some time with local tax office - keeps the mind active…..