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The question will be what accounting system to use: Lifo, Fifo etc. If one could chose that would be great.

Thanks! So any non ENG documents will not be accepted, bummer. To translate the german tax documents will cost easily several 1000 Euros besides the fact that some words are untranslatable . Lucky me I am banking mainly in the US 🙂

I still think the group that should be concerned are residents that have 100K above in capital income, not so much the "average" pensioner that goes bar hoping (no disrespect in any way). If the guy is a bar owner he has to file IMHO anyway or is he working for free?

No one knows if they will accept your documentation. Good luck if you have a mingled account.

Great example. It highlights another major problem all of us could face. Maybe they do not enforce the new directive in 2024 but in 2025 or 2026 they do. No one will know before the TRD sends you a letter after the tax year has passed stating you have to pay big time, which brings me back to my point of several layers of insulation or protection from this clusterpha...

That is what I expected: Ask 2 lawyers get 3 different answers. This will be a whole new level <deleted>show if TRD decides to follow through (big if but only my gut feeling). It shows one thing. be prepared for the worst and have several layers of insulation if push comes to shove. Everything we discuss here can only be used to have as many layers of insulation as possible (Gifts, creditcard usage, remittances of money earned before 2024 etc)- Godspeed to all of us!

Can you recommend an agency that does that? I am currently not in Thailand nor did I have interest from a thai bank account but I need a tax certificate from TH (TIN also needed for tax certificate). It is my understanding that I can opt to pay voluntarily a token amount and get a tax certificate. Why TH is not willing to issue a tax certificate (without having paid taxes) stating Mr. X has lived for more then 180 days in TH and is therefore a tax resident is beyond me.

Sorry have to disagree here, there is no "international obligation" to tax your tax subjects. It is neither tax evasion nor money laundering if you are a tax resident of Thailand and pay no taxes because TH does not want to tax it. Same as in the UK, CH, PH, etc. Why should it be illegal to avoid taxation on money transfer? There is a legal exception being the LTR Visa, nothing illegal there.

Really good news!

IMHO not taxable however if Thai TD does not accept your "prove" you may have a problem, same applies if you receive a 100K USD "gift" from your brother, parents etc.

There are several types of LTR where you do not need 80K passive income.

If you think there will be no problems from a tax audit you have no experience whatsoever of a tax audit. All tax audits I was part of (professionally and personal) were a big surprise show where usually the parts I thought were tricky went without any problems but in other areas they "invented" problems.

The only reason I can think if that they only issued 5500 LTR visa and were hoping for a lot more.

1 M. USD needed for some of the LTR visa + 2 years 80K passive income is not middleclass according to the usual definitions neither in TH nor in the west. I do not see any reason to opt for an elite visa over a LTR visa.

Thanks for the update and corrections. I am not in this topic so I thought it was helpful and up to date. If one can chose per year Lifo or Fifo that would be great. At least they are familiar with the different accounting mechanisms on the higher echolons of TRD.