falang07

I call silly the requirement to make a bank account abroad just for this reason. If they do not plan to tax it then why this silly requirement, I do not get it.

Yes, these dividends are from a foreign company not operating in Thailand, just this company has a Thai shareholder who, as it seems, might receive the dividends tax-free (which, after all, is nothing special, many countries do not tax dividends since they were taxed already by the company paying them out). Just this silly requirement to wire it to Thailand in the next year means they need to setup a personal account for the shareholder abroad.

I was doing this online before, any Myanmar travel agency was able to do it, no need to go to Bangkok and wait there in a queue.

OK, so the Thai shareholder needs to travel abroad, make a bank account in there, receive the dividends to this foreign account by 31 December and wire them to Thailand on 1 January or later, and no tax applies, Is it correct?

I bought gold for EUR a few years ago, the price is now almost double. Gold will be gold, even if the banks go bankrupt, or if the governments buy them back by printing more paper called money. Until they can print gold, I trust it more than I trust the politicians and banks.

So not full 12 months, just the next calendar year? And by earned is meant when the company earned it, or does it need to be first wired to a foreign account of the shareholder, and only then to Thailand in the next calendar year?

Hello, I was not able to find out the proper procedure for avoiding the tax from dividends paid from abroad. It is supposed to be tax-free if remitted to Thailand after more than 12 months since it was earned. Now my question is, do these 12 months start counting from the time it was earned by the company paying the dividends, or from the time it was paid to the Thai shareholder? If the later one applies, this would mean the Thai shareholder needs to have a bank account opened abroad and keep the payment in there for at least 12 months. Any suggestions where to do it easily, perhaps even online (Paypal, Moneybookers, etc.?)? Thank you very much for your input.

It is quite hard to believe, imagine he would have found out about the theft before they landed, or even after they landed, but before they passed the immigration check. This would be very risky for the thief just to get some laptop or iPod, the consequences could be serious for him.

Well, I would say it looks nice but you can build much cheaper from concrete, and do not have to worry about fire.

I would rather keep some gold than the toilet paper called fiat money at the moment, and especially later on, as the crisis will advance in the more fierce stage.

No one knows?

I bought for 29,400 directly from Eva Air, not so "shocking fares" I would say...

I was afraid it was possible for the real father, too, so now I am quite relieved

So the 12 months period is counting from the time the money arrive on her private account, not the time it was earned by the company she is shareholder of?

HSBC has quite poor interest rates, though

http://www.expat.hsbc.com/1/2/hsbc-expat/products/savings-accounts/interest-rates

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The money needs to stay at least 12 months abroad before being imported into Thailand. "last year" is not enough.

OK, so 12 month is the key then, thanks for pointing this out. So for example, if the foreign company receives a payment of €10,000 on 15th January 2012, then she can receive €10,000 after 15th January 2013, right?

This is a foreign (EU) company, not Thai. It will be sent directly from the company's account in EU to her Thai bank account.

I am saying that she will be one of the shareholders, why should it be a problem? I suppose any shareholder has the right to receive dividends. I just need to know if this is tax-free in Thailand if remitted in the following year, dividends are paid from profit that was already taxed.

She had me removed from the birth certificate ...

Is this really possible in Thailand, to remove the father from the birth certificate?

Hello, imagine this situation: I have a foreign IBC company and make my Thai wife one of the shareholders. Later on, I send some dividends to her Thai bank account for the previous year. This is supposed to be tax-free, am I right (if I send the dividends from profits realized in the previous year)? Thanks for your valuable input

I am almost sure it can not. Thais do not care about your usufruct, they need you invest in a condo (i.e. bring foreign money and buy the Baht before you buy the condo).

Don't be jealous

Beware, Paypal exchange rates are terrible!

Yes, it might be true, but in case of an accident only the law would rule. And the law says tourist visa=no Thai driving license.

The time restriction is based on your entry date (same as 90 day reporting), so if you leave and return your 6 months starts again.

This is exactly the issue why I started this thread, my friend keeps telling me that if I leave and return, my 6 months do NOT start again... But I keep arguing that it would not make any sense, but what does in Thailand after all