
Card
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You don't understand common reporting standards do you? All your financial dealings are recorded. You bring in foreign currency in your baggage? Where will u exchange it in thailand? Forex dealings require your passport. Where will you get Thai baht to bring into the country? In a foreign bank, of course and your foreign bank is obligated to transfer all your financial dealings with the thai tax authorities! Tax evasion is a serious crime in thailand involving enormous fines and imprisonment and exile. Is tax evasion really worth it?
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You don't understand. Foreign Credit card use to buy goods abd services in thailabd is assessable fir tax in thailand if you pay off the card debt using assessable income. All you card transactions involving what you buy and how you pay off the debt is recorded and accessible by the Thai tax authorities. If u pay fir example the card debt with savings from before 1 Jan 2024 then the card debt is not taxable in thailand.
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Using a foreign credit card from your home country fir goods and services in thailabd is treated the same as paying fir them with remitted funds. If the credit card us paid with funds in your home country and those funds are taxable in thailand then they are assessable. If not then they are not assessable. Do Some people really think the Thai tax dept like others that di the same around the workd haven't thought of such a potential.loophole?
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Immigration will only need a letter from the Thai tax authorities to confirm that you have filed a tax return and it is in order. Immigration will use it like any other document u need for extension as long as it is validated by the relevant authority. Same with your bank statement and letter. But this is only likely when they bring in global earnings tax which is inevitable. The current remittance tax, which is now law, is just to warm us up.
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Polish man arrested for spanking Thai woman’s bottom (video)
Card replied to webfact's topic in Bangkok News
Repetition is no defence! -
ALL your financial records anywhere where thailand has a dta are sent ti the Thai is. They just need to key in your details. If your bank is in a state with a Thai dta then your credit card details abd transactions are available under common reporting standards. They know if u have used it in thailabd or your home country abd they know if u transfer funds to your wife adter using it abd they know if u are a resudent in thailabd