stat

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.

Great post! Thanks! This is the stuff and info we need!

This is an interesting question. It cannot hold true according to my western logic as it would imply once you have filled a TH tax return you would have to file until your death or until you are no longer a thai tax resident.

Interesting, so maybe we should stop using a thai credit card for grab usage.

Fully agree! However it is beyond me why they cut the price of LTR https://www.thaiembassy.com/thailand-visa/thailand-long-term-resident-ltr-visa

Remember you can (maybe) never comeback to Thailand. In addition if you have an unforseen stop over in TH somewhere in the future you may be in trouble. I would rather ensure that you receive "gifts" in 2024. But up to you and yes the risk may be minimal.

If you think this issue is solved you are sadly mistaken as the whole amount of problems will start to surface in March 2025. Thai RD will not put anything clear out as that would involve hundreds of pages which translates to work and possible loss of face. TRD is quite happy with the opaqueness for a variety of reasons.

All the banks that I know of are compliant once they are provided with the correct information from the OECD. Did you provide the OECD information? There are a lot people in the compliance department who do not have a clue and just stick to the usual process. Any bank can close the account if they wish to without any specific reason. Nothing you can do if the bank does not want to have foreign residence customers.

As long as you do not transfer a lot of money into TH, Thai RD has nothing on you legally as they only tax remittances. If you transfer money then indeed they could come after you with or without a TIN. This is why I highly recommend to not remit substantial monies in 2024 if possible.

No update to my knowledge so Point 5 still stands IMHO and was/is accepted by several banks.

5. Requirement to collect TINs Paragraph 30 of the Commentary on Section I provides that a TIN is not required to be reported with respect to a Reportable Account held by a Reportable Person with respect to whom a TIN has not been issued. Should a Financial Institution request a Reportable Person to obtain and provide a TIN, in case such Reportable Person is or may be eligible to obtain a TIN (or the functional equivalent) in its jurisdiction of residence, but is not required to obtain a TIN and has not obtained a TIN?Answer: No You are not required to get a TIN in TH and therefore the bank in your jurisdiction cannot force you to get a TIN.

There is no consensus because no one knows. They have changed the application of a law with a directive so no one knows how they will handle the 2024 tax declaration. In the past they did not care that is for sure.

Mike there is no opposing team, stop spreading conspiracy theories.

Just provide your bank with the following official document that no tin is needed for Thailand (Point 5). Worked for me with several banks. CRSno tin required.pdf

Stating that "most others members have been able to understand this" is an insult to me and Grumpy. Every member who has an other understanding then you does not understand the topic (pathetic). I am in contact with several members who severly disagree with 90% of your statements, but because of recent "events" do not dare to voice their concern.

The questions and comments from TroubleandGrumpy are very helpfull and touch the very basic problem of who has to lodge a tax return. So far you have not provided an RD link that states that. The PwC link is good and points in your direction, however there a tons of people who are a tax resident in this country and have NEVER lodged a tax return me included. PwC of course has an interest that millions of expats need to file a tax return.