Magilian ***********
This is a summary of
Magilian ***********
's contributions to the platform. They have posed 3 questions and added 8 comments.

QUESTIONS

COMMENTS

Magilian ************
I know a lot of people are saying you have tho have the money in a personal account but I got it approved with a business account. I did show a bank letter saying I own 100% of the business and I’m the signatory of the account. Also, all 500k has to be in one account. If you want to skip the extra paperwork, put it in a personal account. But for me, I need to have a majority of my money in my business account for business purposes
Magilian ************
@Angelo **********
I’ll talk to my accountant this week and see what’s the best option. I pay around ~$50k in taxes every year so if I can pay less I’d be happy
Magilian ************
@Greg *******
I noticed they tax based on remittances, but how would they track that if I don’t have a Thai bank account? Since they’re making it tough for DTV to open one, I was thinking of sending money from Western Union or RIA. I don’t want to break the rules and want to help the economy of the country I’m enjoying, but I also don’t want to be taken advantage of.
Magilian ************
Anonymous participant yes this seems a little more complicated...I would def pay for a tax consultation from a professional lol
Magilian ************
@Angelo **********
do you have any recommendations? Would love to learn the smarter play here!
Magilian ************
Doesn’t the us have a tax treaty with Thailand since 1996? They can’t tax my money since I earn it all in America from my company…right?
Magilian ************
@Andi **********
I’ll look into this! Can I show my Shopify sales report as proof of income?