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.
or ask your friend with one to employ you and give them the cash.View attachment 7355
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.
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.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?
“on your remitted income”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.
Remitted to Thailand. And also income with Thai source if you generated any.
If it’s not remitted into that bank and not from thai source, is it still taxable?Remitted to Thailand. And also income with Thai source if you generated any.
The source would always be the Revenue Code. Thai Revenue Code sections 40 and 41If it’s not remitted into that bank and not from thai source, is it still taxable?
Also, any official source where I can read about it?
Nobody knows. Different reputable tax advisors say different things.does paying with non thai debit card in Thailand consider as remittance?
Same question with using that vers to get cash from ATM?
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.The source would always be the Revenue Code. Thai Revenue Code sections 40 and 41
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.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.
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"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.
And what is the difference between what you just wrote and what I 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.
What do you think of this?And what is the difference between what you just wrote and what I said?
nothing. Just chatter at this point. It may or may not change in the mid term (id expect it will change tho, unless there are pro-free revolutions in the west, which look increasingly likely).you are correct.
What do you think of this?
![]()
New overseas income rules proposed
The Revenue Department is preparing to amend the law to collect taxes from individuals who have income from abroad, even if that income is not brought into the country.www.bangkokpost.com
That is THE BEST state, then!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)