Our valued sponsor

Thailand's soon to launch Destination Thailand Visa (DTV)

#61
Register now
You must login or register to view hidden content on this page.
1721993328932.webp


It looks like I should spend that $80 to open a US LLC, even if it's just for a 5 year Thai visa, lol.
 
#66
dixie said:
The question I’m still unclear about are taxes.
If i get this visa, do i become a tax resident after 183 and must start to pay taxes based on their income tax laws?
Click to expand...
Your visa has nothing to do with your tax residency. If you are in Thailand 180 days or more in the same year, you are a tax resident in Thailand. Period. If that happens, you should pay taxes on your remitted income. If you have paid taxes before for said remitted income before, you might use a double tax treaty to get a tax credit or not pay taxes on it. That depends on your passport, DTT, and type of income.

Only the LTR visa has some kind of tax exemption or special tax treatment.
 
Last edited:
  • Like
Reactions: jafo
#67
“
churumbelo said:
Your visa has nothing to do with your tax residency. If you are in Thailand 180 days or more in the same year, you are a tax resident in Thailand. Period. If that happens, you should pay taxes on your remitted income. If you have paid taxes before for said remitted income, you might use a double tax treaty to get a tax credit or not pay taxes on it. That depends on your passport, DTT, and type of income.
Click to expand...
“on your remitted income”

Remitted to me anywhere in the world
or
remitted into thailand?
 
#73
churumbelo said:
The source would always be the Revenue Code. Thai Revenue Code sections 40 and 41
Click to expand...
What does that source say? I think you are just talking out your a*s. It seems like alot of people believe if you are a thai resident for tax purposes you will be taxed on your worldwide income regardless of whats brought into the country.
 
#74
nitehawk said:
What does that source say? I think you are just talking out your a*s. It seems like alot of people believe if you are a thai resident for tax purposes you will be taxed on your worldwide income regardless of whats brought into the country.
Click to expand...
What I said is what the TRC says. If you don't know how to read or interpret a law is no my problem. What people believe or not, I don't care and it's not my problem.

That being said. Do whatever the heck you want. If you want to pay tax on your worldwide income in Thailand, up to you with the RD. I'm not your tax advisor.
 
#75
nitehawk said:
What does that source say? I think you are just talking out your a*s. It seems like alot of people believe if you are a thai resident for tax purposes you will be taxed on your worldwide income regardless of whats brought into the country.
Click to expand...
Section 41 states: "Thai tax residents are subject to tax on income derived from both Thailand and abroad if the income is brought into Thailand within the same tax year it is earned"

so based on that you would be paying taxes only if you brought the income into the country.

there is a new rule January 1, 2024, which states foreign income is taxed if brought into country, regardless of the year it was earned.

so minor change and appears that there is only a tax liability on income brought into the country.
 
#76
nitehawk said:
Section 41 states: "Thai tax residents are subject to tax on income derived from both Thailand and abroad if the income is brought into Thailand within the same tax year it is earned"

so based on that you would be paying taxes only if you brought the income into the country.

there is a new rule January 1, 2024, which states foreign income is taxed if brought into country, regardless of the year it was earned.

so minor change and appears that there is only a tax liability on income brought into the country.
Click to expand...
And what is the difference between what you just wrote and what I said?
 
#78
  • Like
Reactions: TheCryptoAnt and jafo
#80
JackAlabama said:
Court dissolves Move Forward Party

more funny news from the most pleasant failed state on the planet.
(Its not me calling Thailand a failed state, Id got it from a few articles Is Thailand a failed state? and there was an article in an indian paper as well but i forgot the name)
Click to expand...
That is THE BEST state, then!

All these media-labeled "failed states" are those who failed to subjugate their indentured servants for the benefit of corporatism/multinationals!

We go where we are left the f*ck alone!

PS. Ponder on this...when was the last time Merkel, Obama, Macron, Biden, Trudeau, etc., made us a sandwich or gifted us millions of euros? :rolleyes:
 
  • Like
Reactions: theblast3r, JackAlabama and 0xDEADBEEF
Register now
You must login or register to view hidden content on this page.
You must log in or register to reply here.

Forum Announcement

Latest Threads

Offshore Bank Accounts
Top Bottom
Back