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There is no way via CRS to "approximate your income" with the home country tax authority as CRS only provides gross proceeds.

Great exchange of ideas and risks! From a general standpoint even if we get the understanding correct how has TH RD trackrecord been in the past regarding a coherent interpretation of for example the gift tax or PIT? I have no understanding nor experience in dealing with TH RD thanks for some information.

To my understanding you are a tax resident of Cambodia after 182 days and they tax your worldwide income, so take care. There even is a country that considers you a resident after only 90 days if you are a nomad. Can't remember if it is Vietnam or Cambodia. CG Tax rate is 20% in Cambodia! https://www.aseanbriefing.com/news/cambodia-delays-capital-gains-tax-to-2024/ Watch out to burn all bridges in the UK as you may need a passport from them in the future in case you are british. Godspeed!

There is also the option of moving to the PH. Tax wise you are tax free there with your worldwide income. I cannot comment on quality of life in the phils, but taxwise it is a better solution compared to moving around as you can present your banks with a bona fide tax residency. Would love to hear from people that have made the move. I would rather not move around 3 times a year but I am a serious homebody 😉

Thanks for your post! Where did you get the great screenshot that states capital gain are passive income? I just saw that the income requirement for the wealthy citizen is 80K of income whereas for the pensioner LTR it states passive income. The 1 M USD requirement is technically relatively easy as every bank provides those statements (if you the money in the bank of course). Are the physical stamps different (Pensioner to wealthy citizen)? I would rather not have a stamp in my passport that flags me as wealthy for obvious reasons. Thanks!

Maybe this is one of the reasons you do not have 20M USD because you consider paying 1 M in taxes every! year neglible. A lot of people come to Thailand even without any tax advantage. If you have the option between Bali and Thailand and TH is 1 M USD per year cheaper, the decission is a no brainer unless you have a specific bond to Bali like a wife etc IMHO. But to each their own.

Thanks a lot! For me the biggest risk is that for some reasons one of the documents get rejected either when applying or when getting the 5 year extension. The 80K passive income per year is tricky while the goal is to not generate any passive income which is taxed in Europe/US etc. As for the bigger part I only have shares so I can "generate" income by selling shares whenever I want. Are the 2 years rolling years or must they be calendar years? Example: 2025 Jan-Dec 80K 2026 month Jan alone 80K Can I apply for LTR in Feb 2026 as I already crossed the 80K Limit in Jan 2026? Does the BOI factor in losses in their calculation? Do I need 200K in positive income if I realized a loss of 120K beforehand in the same calendar year ? Example loss of 120K in Jan 2025 and feb to dec 80K plus. I assume they accept a brokerage account like IB to show the 1M USD for the wealthy pensioner LTR and to prove the 80K income? Remains a mystery why it does not suffice to show 1M USD of liquid financial instruments for an intital 5 year LTR Visa but TiT. OK "only" 200K USD per year is not enough to live in TH 🤣 Plan is to come back to TH with 1+1 year OA visa (leaving some days before visa ends and then come back with another year on OA) and then apply inside of TH for LTR. Thanks!

So far TH has been very generous regarding taxation and not even taxing pensions from Germany despite the fact that the DBA gave them the right to taxation.

Thanks! Interesting, I had to provide a form from the insurance company stating "compliant to thai cabinet decission from xxx" and that worked for Germany.

IMHO capital gains are also considered passive income which is easily doable in 2 consecutive years (profits from the last 20 years) with a bit of planing and 1M USD in a stock portfolio.

Is ist still Ok to show a brokerage account (Interactive Brokers) that shows cash over 100K USD for 12 month ? Much obliged!

Most people get rich by not spending their money or getting it taxed away. Who cares what one can afford I simply do not want to spend unnecessary amounts of money. Are you aware that some people pay a million USD in tax each year? Are you telling those people because they have 20M USD they can afford to pay 1 M USD p.a. and stop thinking about it?

Quick addition: For the OA Visa the health insurance can be from a company outside of Thailand. In my case that insurance cost only 69€ or 62 USD per month and had unlimted coverage. The prices and max coverage of the Thai insurance companies are ludicrous.

Yes please start your own thread with the tax guide and leave this thread alone much obliged. The tax guide is a good thing as long as it allows for open discussion in a thread. Thanks!

It is therefore not clear if the whole tax guide only is about income from employment. Documents you referred to from Thai RD before also state clearly for income from employment only. This has been pointed out to you before several times. Any dicussion about open/unclear points get suppressed right away. 030265guide91.pdf

I pointed out a mistake in the "simple tax guide" I do not understand why this is not helpful. It seems to me like any criticism or pointing out mistakes is no longer welcome here. So when will the mistake be corrected?

Apparently you are not willing to understand the implications of the article (if the article is correct, big if I agree) Just admit that you your statement was wrong would be a start, but no you just state it again. It is very clear that any Thai tax resident who invests in a "foreign investment fund or Depositary Receipt", overseas and later remits the income from that profit, to Thailand, is liable to Thai tax. Still dead wrong according to the article. Either they guys from Sherrings know something because they have inside information or they misunderstood something. No one knows. Thanks for the PWC link where I found the following: "Capital losses may not be offset against capital gains". That is a real problem for active traders.

I assume you are able to understand logical operators? by meeting one of the following conditions: So 2 in itself is sufficient therefore investing in a non thai fund should be suffcient to not be taxed even if remitted to Thailand while being 180 days or more in TH. This would make a big difference to all investors. Number 2 is investing in an offshore fund, which as long as it remains offshore, is not taxed here, (albeit it might be taxed offshore when it is encashed). The moment it is encashed and the funds remitted to Thailand, they are taxable here. Dead wrong according to the article.

The passage about exemption for foreign investment funds/DR is contrary to everything voiced so far! I do not understand why you fail to see this. Pls explain.

Very interesting indeed! Thanks for the link. What strikes me the most is investment fund oder Depositary receipt. A DR is a very special case in the realm of investing. No idea why a DR should be exempt while a foreign share or bond should not be exempt but TiT. While I prepare and plan for the worst my gut feeling is that this whole tax issue will resolve itself somehow, nevertheless I remain extremly vigilant.

Great post very helpful! Is 120 also the right insurance number when one rents a scooter? Is there even a complete insurance for scooters? Thanks George!

Having signed up for CRS does not imply the need for TINs. Just one example, residing in Thailand does not force you to obtain a Thai TIN no matter what your non thai bank tells you, there is a clear exemption. There are tons of exemption in CRS. So if you want to answer a specific question you have to read in detail see Point 5. BTW the OECDs intention is not to control everyone but to distribute information so they can tax their citizens. If TH choses not to tax foreign income then the OECD has no problem with it (so far). CRSno tin required.pdf

You are in the right sorry, bank account is still needed for Immigration if one goes by the externsion of stay. Forgot about it as I use OA Visas.

Thanks! I just have a normal brokerage account and no IRA or 401K but if those work, my transferal to another account should maybe count, that would be very easy for me.

If there is government regulation that demands the TIN there is nothing the bank can do... However I do not know if current regulation demands the TIN. With the upcoming of e-wallets with fiat money in the near future in TH for falangs I do no longer see the need for an old school bank account.