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Maybe expicitly ask if income send to Thailand in the same year is exempted with LTR visa or only income generated outside TH. That is the key. Income not send to Thailand will not be taxed with any type of visa, even under the new law. Thanks!

Fully agree. The RD is not capable of handling more than i guess 1000 tax declarations from foreigen countries. If I have to submit my 500 page broker tax declarations in englishor maybe my german bank tax declarations how are they going to process it? No way they have or can find the manpower. But maybe they decide then to tax every cent of my trading revenue as a profit... Current solution should be to receive only gifts from abroad donated via a used credit card only applicable for guys that do not use the visa that demands foreigen remittances.

Still paying more vat +visa fees+ ... as 10 average thai people do pay in total taxes, so no offense but your argument does not hold up

Thanks for your post! That is the reason why I never applied for an Thai TIN. Are you in TH with a working visa?

No LTR does not change anyting as it "only" exempts income earned abroad NOT income transfered into TH.

CRS just google it...

In case of Germany correct with some exceptions.

Not correct, in a lot of countries Germany and Thailand included, you are "taxed" right away by your bank on interest and capital gains before the money even reaches your account. You can then have the amount checked at year end by the tax authorities.

Regarding LTR Visa: It is "only" stated in the description that money earned out of Thailand is tax free. There is no mentioning of money send into TH to be tax free.

Your remittance into TH will be taxed as ordinary income with a top rate of 35%. They should credit you the 15% though, anything over 15% according to the income brackets you pay. Withholding tax of 10% for TH dividends does not come into play here.

Great post! Way to go!

Good post! In my case Germany, TH has the right to tax the pension but they are currently not doing it so basically all germans receive their pension free. If you do not transfer your pension to TH that should be free also. So basically your appartment gets paid by a friend or relative from abroad and you should be fairly safe. But currently we are all in the dark. This will go back and forth for months to come and the baht will slide ,so in the end we could be profitting from this law ????

If you read my post carefully you would have noticed I mentionend to use the cc of a relative, friend etc ... Not even sure if the payment of cc even satisfies the wording of the law as brought into Thailand...

the problem arises if you are still in the country and have not paid millions of baht of taxes. You will not get out then, that is what is was refering to. OA Visa does not get tea money as it is made available outside of Thailand so i guess you are right, not the favorite visa of the IOs.

Maybe consider using credit card to withdraw cash 33x30.000 Baht and you "should" be under the radar. Additional layer of security, use someone elses credit card (family member that does not live in Thailand if possible). I know not allowed by cc companies...

Your bank in the us or Europe is not exchanging data on how much money you have withdrawn from your bank account and brought into Thailand. Only money brought into Thailand could be taxed by Thailand.

Your days in Thailand are easily trackable as you get an entry and exit stamp and all your data is in the immigration system the moment you get your passport back. Regarding the withdrawals I agree they should be difficult to track in the forseeable future. However in a country like Germany they will sue you for taxes up tp 15 years in arrears. So if they come up with a working Information exchange in the next 15 years there might a problem.

Some taxes need to be paid that should be obvious. However the amount is very debatable as most countries overcharge their citizens by factor 3-5 in my opinion.

My bet would be you the saga will go as follows: You owe 1 Million and did not pay so we have a nice cell waiting for you or you could pay 500K tea money + 1Million you owe + 1 Million for new visa. Apparently the thai baht is already suffering from this "great" idea that farangs should pay more tax in Thailand.

At least someone who understands how DTAs work or do not! Going to court over a DTA is very costly and not really advisable if you are not in the middle 6 figure league per year. Going to court in Thailand over a DTA? Good luck with that!

This is very valuable information! So documents from your broker of capital gains were accepted? Thanks!

Funny thing is I give professional advice on DTA applications and taxes...

In case of you receive a pension from the other country yes you have coverage of DTA but only for your pension payments. In terms of worldwide capital gains or any other matter you are not under a DTA in general terms.

This is a very small benefit in my eyes ... If I leave Thailand I would not be coming back for more then 30 or 45 days but that is just my opinion.

Are you aware that a DTA in this regard only applies if you reside in both countries in the same tax year? Apparently not... If you live in Thailand with a retirement visa it is unlikely that you also live somewhere else.