drow24

1. Have a friend with both a home county bank and a Thai bank account that lives outside Thailand over the 180 day limit so as to not trigger the tax event. 2. Send your Home Country currency to your friends bank account. 3. Your friend sends Thai baht equivalent to your Thai baht account bank. (The friend can also send home currency to Thailand without tax worries at some point between this) This means you did a peer to peer currency exchange with your peer. It’s 100% legal if documented and reported correctly (banks will document and report big transfers) Keep the receipts of transfer and the currency rate at time of transfer to PROVE there’s no weird stuff going on. At tax time, you will need to show and prove money was sent and money was received at the same value as a currency exchange, with no profit involved for either party. I could see this being a business venture for someone. Charge a flat Fee in your home country currency for the service. It’ll be less than paying tax for those who didn’t need to pay tax before. Also, I could see a peer to peer money transfer system where these above transactions occur through a phone app. I know a few expats that want to transfer baht into home currency and I know a few retirees that want to transfer home currency into baht. Just need to start working together.