Maybe you should retract your statement as it really is wrong as it is stated. You do not know the situation that anyone is in, so in all honesty can't make that statement. Why make these sorts of statements that others then believe cos they read it on FB. God help them
great, so your initial assertion that if you pay tax in Australia you won't pay any tax in Thailand applies to you and folks in your situation, but not everyone. Okay I get it now, you were just talking about yourself. Got it. Cheers
so let's get this straight. You spendore than 180 days per year in Thailand, so technically you are tax resident in Thailand (assuming your not UN or Diplomat). You're not a pension so that means you have other means of support. Let's assume you're not a toy boy and being kept by a 3rd party, then you have an income source from overseas and you pay tax on said income in an overseas jurisdiction. We good so far? And now we have a situation where your Australian tax is higher than the Thai tax assessment, thus no additional tax to pay. Still good? Great, so in your particular case the DTA means you don't pay any tax in Thailand. Okay, so do you accept that other folks in a different income level will have a tax liability in Thailand?
not so my friend. As an age pensioner you can earn about $25k before paying any tax. Ask Thai revenue if you can have income of 600,000 baht and pay no tax. I don't think so.
your problem comes when you present the bank statements as evidence and Thai revenue ask about the interest you have been earning in 2024, and how do you prove that that is not the money you transferred? Darned silly suggestion but Thai authorities can be very pedantic at times. Suggest a second bank account, transfer the interest automatically and then you can prove that the income has not been transferred into Thailand. Much fun 🤣
so many folks just do not understand the DTAs. Please go and read the appropriate DTA for the country where your income is sourced. Most DTAs allow a credit for tax paid in the home country, but that does not exclude the income from Thai tax!!! If the Thai tax on the income is less than already paid then no Thai tax to pay. But if Thai tax is more then you will pay the difference. And that is the basis for DTA agreements all over the world, in general.
yes, risky IMO. They could put the cost up again, they could withdraw it. Poster may have funds now, and not in a year's time. I guess the big Q, is why not just go for elite visa now. Only OP can answer that.