KhunHeineken

Yes, I still have to pay tax in Australia. Currently, I benefit from a tax free threshold there, and resident for tax purposes tax brackets, but even that may change in the near future as Australia has proposed to changes to move to a 183 days inside / outside Australia to deem your tax residency. In the years to come, the only place to hide from the tax man will be behind crypto.

Because that's the price he paid for a "short time."

At this stage, we have no idea what the revenue department have, or have not thought of, if they have actually thought out any of this messy policy, but you are of the opinion they have thought of everything.

I suspected money deposited into a joint bank account held by a resident and non resident would be deemed a gift from the non resident to the resident. The next logical step would be just to use the non resident's bank account. You called them "mule accounts." The use of a mule account probably breaches the bank's T's & C's, and probably could be viewed as tax evasion, thus a crime. That said, I can see many going down that route, but that's for another thread. I'm currently looking into a multi-currency travel visa card, which includes THB, and can be topped up online up to $50,000AUD. Here's a couple of examples. (for Australians) WISE offer a similar product. https://auspost.com.au/money-insurance/organise-travel-money/travel-platinum-mastercard https://www.commbank.com.au/travel/travel-money-card.html?gad_source=1&gclid=EAIaIQobChMIlp_A-fLVhgMVl9YWBR37xwqiEAAYAyAAEgLLPPD_BwE&gclsrc=aw.ds Of course, I could use my ordinary Australian bank account ATM visa / master card, but these may offer a better conversion rate, as I would be withdrawing THB inside Thailand. Also, you can load the card online when there is a good exchange rate for AUD to THB. This card would not be a "mule account." It would be in my name. Since I load the card from an Australian bank account, the funds are not remitted to Thailand, just withdrawn in Thailand, like a tourist.

Or, start World War 3 to wipe out the debt and start with a clean slate.

So will the bosses at the TRD, in the same way the bosses at immigration are obscenely wealthy. The TRD just want to put their snouts in the trough in the same way as immigration.

To be a tax resident of Vietnam you need to spend 183 days in a calendar year inside of Vietnam. Just one of some links from a Google search. https://www.vietnam-briefing.com/doing-business-guide/vietnam/taxation-and-accounting/individual-income-tax#:~:text=A tax resident is defined,from the date of arrival. "A tax resident is defined as someone residing in Vietnam for 183 days or more in either the calendar year or a period of 12 consecutive months from the date of arrival." This was also interesting in the same link. "Non-resident taxpayers are subject to PIT at a flat rate of twenty percent (20%) on their Vietnam-sourced income." Obviously, I would not have, nor do I want to or need to, have any "Vietnam sourced income." I go to the Singapore F1 every year, so maybe I'll extend a day or two days so I am not a tax resident of Thailand, or a tax resident of Vietnam. I would be on 2 x 3 month tourist visas for Vietnam, using an ATM, and not staying over 183 days. I don't see any problems in the near to medium future for taxation in Vietnam. On the other hand, Thailand presents an imminent taxation concern.

You missed it. The non resident remits the money, not the resident. Any links to the law for it? No, the resident is using the non resident's money, joint account, or otherwise. It would be via ATM withdrawals. Why does the non resident, who owns the bank account, need to file a tax return? They are a non resident. They don't spend more than 180 days inside Thailand. My question was, is it illegal? Simple question? This is Thailand. "Agents" can arrange opening bank accounts for people on a 30 day exemption stamp.

How do you "gift" to your own account? I was also going ask what would happen if you are simply given access to a non tax resident's bank account? That was the next logical option. Once again, I am sure you know where I am going with this. Is it illegal? A lot of people in the west give their wife / relative their ATM card and PIN number. Happens here also. What if the owner of a Thai bank account, who is a non resident of Thailand for tax purposes, gives access to their account to a tax resident of Thailand? It may breach the bank's T's & C''s., but that does not make it illegal. Can you see where I am going with this?

Seriously, wake up. The Thai population are used to being screwed over, and most are happy when foreigners get even more screwed over. You are bringing in money for a business that MAY have a declining market. Also, who knows what the Thai government will do next year? Geez, the military may even be back in power next year. Why do you continually look for conformation of your decision? You've already made up your mind. Just do it. It's your money to risk, not mine. "If I couldn't make a business work, then I would retire." You have contradicted yourself. You said you would never retire. now you say you would. Which one is is? Do you really need the grief dealing with the Thai bureaucracy for less money than the start up costs invested back in your home country? I can think of many cheaper and easier hobbies. So do it. Bring the money in. Start a business. Put money into Thailand when many are considering pulling money out of Thailand. Don't let some taxes stand in the way of your dream.

Well said. That's why I ask for counter links. I'm always happy to gather information. Rarely are they posted. Sometimes they are, and there is a decent discussion, but mostly that never happens.

I called on you to counter the claim. Still waiting.

The "forms" will be the least of your problems. So, that means some income tax as well. Did you factor that in? If since 2009, what's another 6 months? You answered your own question. "Under the current rules." Can you guarantee me the "current rules" will be "current" and applicable going forward? No, I didn't think so. Don't look at me to reaffirm the decision you have already made. It's your money, it's your call. Good Luck with it.

Nothing has changed since then. Why "dumb it down?" The Thai laws are the same as back then. I have never subscribed to the "everyone else is doing it" ideology here. I'm sure the same sentiment exists. I'm not an "old hand" but I'm suggesting you "ride it out" until early 2025, but it's your money, and your call. That's Thailand. You can be correct for 15 years and feeling comfortable, then they change the laws, have a crackdown etc etc. I, and many others, have always thought the day is coming for those using Thai nominees for their property ownership. Yes, yes, I know, the Thai's would never do that, they would lose money, blah, blah blah, until you wake up one day and they have done it. Thailand is unstable, and foreigners have no rights here. Why roll the dice with Thailand?

These are your words: "I also have no intention of retiring as I believe its 'the kiss of death'. So my plan has always been to start a business in Thailand which will hopefully provide me with a reasonable income until I snuff it. It should also keep me active when I reach 'old age' 😁. There is no way on this planet I would ever 'retire' to Thailand and sit in a bar every day or spend my days hitting a small ball around with a stick - and then go to the bar." I guess you will be going down the company / work permit route. More money to pay. More bureaucracy. Probably more tax and fees to pay. Your call. Good Luck. Once again, why the hurry? You never answered that? It could leave you open, or, thankful you never did, thus, absolutely zero to pay until you see how all this unfolds. Such is Thailand. I never gamble with Thailand, because they hold always hold all the aces here, one way, or another. Once again, Good Luck. I just don't see the hurry, particularly in what could be a declining market, if these tax/s come are enforced.

I read your post about that. Not supposed to be "working" on a retirement visa, in any country, but yes, many ways around that. I would leave my money outside Thailand and sit back and wait to see what happens early 2025, but it's your money, and your decision. Good Luck.

Retire and come to Thailand when you want to. By mindful of the 179 days. Rent for a while. Bring some cash. Remit some some money, but under the threshold. Use your UK ATM card. Be patient and see what happens to residents of Thailand for tax purposes early 2025. You're only 6 months away from seeing how this unfolds. Why the big hurry?

I agree, but foreigners, who have no rights here, have always been easy targets.

More information needed on your personal circumstances.

A lot of people in Thailand have done the same to buy land / property here. In my opinion, the hammer could drop on them anytime, but hey, everyone else is doing it.

In the near future, when their home country bank asks where they reside, many will just say their home country. Some will even feel secure using a VPN when they reply the their bank's request. Don't ask me why. However, the bank has to report the reply to their tax department, which, if not now, will eventually be, connected to their immigration department. Then, it's game over. We all look at China and their control of their citizens, but Big Brother is watching your money in the west. Times are changing.

I'm not American, but if what some members say is true, and that is, Buffet has stated he pays less tax than his secretary, can you elaborate on your post? I have no doubt his various companies pay tax, but, can you post a link showing the "huge"tax HE pays?

Is English your first language? Yes, you have invested in Thailand. Already answered. Why put even one egg in a basket that you wouldn't put all your eggs in? Asked this before. No reply. Obviously, that's why you are defending your position. Good Luck. And I asked, tell me what make some investments in Thailand a good idea? Have you seen the amount of properties for sale here? Massive oversupply.

Exposed.

Deflection. Fail.