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Steve *******
This is a summary of
Steve *******
's contributions to the platform. They have posed 6 questions and added 2202 comments.

QUESTIONS

COMMENTS

Steve ********
@John *********
I was using that as an example. I don't know his home country tax rates, neither do you, so you're guessing as well. So let's just say he legally transfers 150k per year, and all other money he brings as cash. So again, zero assessable income
Steve ********
@Ra *******
Thanks for the info, but I'd already said that! Pays to read the whole thread!
Steve ********
@Greg *******
That's very true, but I would imagine it's any sum "up to 20 million"? And this definitely applies to girlfriends? Doesn't have to be a legal wife?
Steve ********
@John *********
The OP has already indicated his income is overseas so i

I'm assuming he's paying tax on it, in which case his assessable income will be zero in Thailand
Steve ********
@John *********
I'm going by the lowest tax rate. Up to 150k no tax, after 150-300 is 5%. Easily offset by tax paid overseas. Agree bringing cash into Thailand is a remittance, but totally untraceable.
Steve ********
@Greg *******
I didn't realise that, but I'd be most concerned about the "gifting back" part of the process! 😆
Steve ********
Realistically anyone on a DTV (where there is no necessity to transfer money into Thailand) can easily avoid any taxation in Thailand, simply by transferring 300,000 through a bank, and bringing any other money in cash. Cash is the only way to avoid tracking
Steve ********
@Dnatjugweme ***********
I don't know which country you're from and perhaps Thai education standards are higher than in your country. However, I personally would never attempt to educate my children in Thailand. Unfortunately, price paid has absolutely nothing to do with the quality of education.