Mike Teavee

I think we're in agreement here, only I'm a lot slopier with my numbers 🙂 [Which is actually <82,800 on 84K pm or 1,008,000) 😛 ) Assuming no other allowances https://ata-outsourcing.com/calculate-your-personal-income-tax/ Point being that even without additional allowances, 83K pm is not really worth spending 6 months outside of Thailand unless you want to spend time out of Thailand. Personally I'd lose more than that in 3 months rent I'd be paying on my condo while I'm not there so makes no sense to me, but if you're bringing in a large amount of untaxed income (e.g. the 12.5 Million in my example) then it makes absolute sense to do a Hotblack Desiato

Sorry I got it on my WizzTV subscription. I've just checked and it is available on CInemaHD which does allow you to download shows BUT looking at the available streams they're all Dizilab so will have hard coded Turkish Subtitles & I've no doubt these will occasionally block out the Show's English subtitles (when the characters speak French there are built in English Subs) so might get annoying unless you're fluent in French. Hopefully somebody will be able to point you in the right direction as it is a good show.

Using the UK as an example, somebody remitting approx. 1Million THB (let's say it's 50:1 so £20,000) would have a tax liability of approx. 80K if the only allowance they had was the 60K personal allowance + 1st 150K tax free, reducing to 62K if they can claim the 100K for "Business Expenses" allowance However, most income has been taxed already so you can use the tax you've already paid in the UK as a credit against what you owe in Thailand. E.g. Income from Pensions, Rent etc... 0% Tax on the 1st £12,570 & 20% tax on the remaining £7,430 = £1,486 (approx. (74K THB) which can be used as a Tax Credit in Thailand so worse case you would have approx. 6K tax to pay Income from Dividends - (IIRC) 8.75% Withheld Tax = £1,750 (approx. 87K THB) - No tax owed. ... Not worth the hassle of having to stay outside of Thailand for >185days unless you enjoy the travelling. Where it would be worth the hassle, is if you plan on bringing in a large chunk of money (e.g. from the sale of your house) that hasn't been taxed so bringing in £250K (approx. 12.5 Million THB) could see you having a Tax Liability of approx. 3.8Million THB, well worth the hassle of making sure to spend <180 days in Thailand.

The Tunnel https://www.imdb.com/title/tt2711738/ A prominent French politician is found dead on the border between the U.K. and France, and two agents must work together on behalf of their respective countries to find the murderer. Very similar storyline to "The Bridge" https://www.imdb.com/title/tt1733785/ When a body is found on the bridge between Denmark and Sweden, right on the border, Danish inspector Martin Rohde and Swedish Saga Norén have to share jurisdiction and work together to find the killer. ... which I remembered enjoying & so far, am really enjoying this one

@Chalky0w This post from the main Tax thread might be of interest to you

Sorry I should have mentioned that these are worse case numbers, it's possible (Depending on your country's DTA with Thailand) that you'll be able to claim a Tax Credit for Tax you've already paid on the income. E.g. lets say £1=50THB so you're remitting £20,000, 1st £12,570 has been taxed in the UK at 0% & the remaining £7,430 taxed at 20% so you've paid £1,486 (74,300 THB) tax on it already which (assuming it's covered by the DTA) you should be able to get a Tax Credit in Thailand for and only pay the difference (If there is any) Unfortunately you cannot use this to claim back any tax if the Tax in Thailand is lower.

If you're in Thailand for > 180 days in a calendar year then you will have to pay Tax on any assessable income which would include things like income from your Business in the UK but no need to have any Thai Clients / Sourced Income. As you've mentioned using METVs I'm assuming you're not married & are under 50 so you'd pay approx. 80K on 1Million of Income (NB you might be able to claim an additional 100K allowance for "Business Expenses" which would reduce this to approx. 62K) If you're over 50 (Or very wealthy 🙂 ) - Check out the Long Term Residency visa as this would give you Tax Free remittances on income.

Agree with everything you said apart from this part, as "Gifts" are usually Personal/Non Marital property (Sin Suan Tua) I've posted a link previously that probably covers this better but can't find it now & gotta run, so here's the 1st one I came across... https://thailand.acclime.com/guides/marital-property-assets/ What is Sin Suan Tua? Sin Suan Tua or personal property consists of (section 1471): Property belonging to either spouse before marriage Property for personal use, dress or ornament suitable for station in life, or tools necessary for carrying on the profession of either spouse Property acquired by either spouse during marriage through a will or gift Dowry If the Sin Suan Tua has been exchanged to other property, other property has been bought or money has been acquired from selling it, the property or money acquired is Sin Suan Tua. However, it is possible for the gift to be marital assets (Sin Somros) IF the condition of the Gift (or Will) states that it's made to both spouses... What is Sin Somros? Sin Somros or marital property consists of (section 1474): Property acquired during a marriage Property acquired by either spouse during marriage through a will or gift made in writing Fruits of personal property (eg income in the form of rent from personal property) I think your parents giving you & your wife a Gift & stating that it's a Joint gift would be OK but I don't think you would get away with giving your wife a gift and saying "This is for both of us", at best it would be considered 1/2 the Gift was for your wife but could be ruled as an invalid specification & 100% to your wife.

Interesting, when it comes to Joint Debts (in the UK at least) they're usually considered "Joint and Several" which means either party can "Own" up to 100% of the debt (i.e. One party cannot just say here's my 1/2 I'm clear). Also, in the event of one of the joint holders dying then (in the vast majority of cases) all of the joint assets are considered owned by the surviving partner (Law of Survivorship) & do not form part of their estate so can be withdrawn without probate. Given this, IMHO Your wife sending herself money from a joint account is basically the same as her sending it from her own account.

These kind of threads always make me smile as people are very quick to jump on somebody when they spend (what in their eyes) is a lot of money, but often turn into a competition to see who spends the least. I spend approx. 20% more than I originally budgeted for, but my available budget for the 4.5 years since moving here fulltime has been 2x what I'd planned it would be (I err on the side of caution & treat things like Rental & 1/2 my dividend Income as a "Bonus" not to be relied up in my planned budget) so I'm comfortable with this. Oh & the 15% increase in GBP:THB has really helped 🙂

What's crazy is that they had a massive clampdown on ED Visas pre-covid where you had to prove attendance at classes & (Unless attending a formal University course) got a Maximum of 1 year (might have even been 6 months). Now they're saying you can do a bit of cooking & stay for 5-6 years!

I don't think it's the break in the cycle so much as I've done trips outside of Thailand before & with the exception of the one time it was due at the same time as me moving address (Had to file TM30 & 90 day report) I've done them all online This time I'm changing (UK) passport which will be fun 🙂

From what I've read elsewhere it seems like you need to do your 1st 90 day report after re-entering Thailand in person/mail/via an agent I'll find out for sure when my next 90 day is due (Got back to Thailand May 8th) - Have done the past 3-4 years online with no problems.

Expatistan has Fukuoka https://www.expatistan.com/cost-of-living/fukuoka

This is exactly how I understand DTAs to work in that they are for the "Filer" to use when working out how much "Assessable Income" they have (& as evidence should their return be challenged). E.g. If I were a US guy receiving/remitting $3,000 pm from SS & one year remitted extra money that included $10,000 of Capital Gains (approx. 365,000 THB) that I hadn't paid tax on in the US, then I would ignore the SS (covered by DTA) & only report on the 365,000 Capital Gain.

I needed a Residence Certificate when I got mine from the Naklua Office approx. 18 months ago.

I understand the point you're making, but it was a bad example as Thais are given a TIN at Birth (It's their national ID number) so there is no need for them to go get one.

CRS only reports end of period account balances (IIRC could be as little as once per year) so no way of tracking ATM withdrawals or credit card transactions. However, TRD could decide to do an audit on anybody who doesn't appear to be spending any money from a Thai Bank account and ask them where they are getting the money to live on... If they then decide that you're lifestyle costs 100,000 THB pm, they can tax you on this amount & apply any penalties for not reporting the income. Edit: OP Wise transfers will be reported even if they show up as an Internal Transfer.

Not an official site but I received an email with this link today… https://btisolutions.co/videos/dtv-visa-2024-updates/ Might have some useful info, I’ve no interest in DTV so Caveat emptor

For Dividends yes, by law they have to send you an annual CTC showing dividend/interest income (I wait for this before sending the Info to my accountant to file the return) but for Capital Gains no... Do HL & II show you Capital Gains? TBH I've had some of these shares longer than I've had a Broker so even if my Broker did do it, they couldn't calculate it 100% accurately as neither they (nor I) know the accurate Book Value of all of the Shares...

In the UK you have to calculate your own Capital Gains as your Broker doesn't do it for you, fortunately for me (as a long tern Expat) it's not reportable, if I had to report it I wouldn't know where to start working out the average value* for one of my holdings as:- I've never gone to zero shares on it so some of the shares were acquired >35 years ago. Some of the shares came from Profit Sharing Awards (I used to worked for the company) with bonus shares added for keeping them > 7 years, Scrip Dividends, Exec Share Options, Stock Splits etc... I have occasional sold & repurchased the stock within 30 days when there's been a dip & UK has a 30 day rule which means I would have to revalue the shares as at the price of the shares I sold.. For Dividends it's easy to work out how many shares you had at a date & multiply it by the dividend per share, and how much tax credit is available (IIRC it's 0% on the 1st £1,000 & then 8.75% on everything over this) but (again, as an Expat) "Disregarded Income" rules can come into Play & I'm not familiar with calculating this so rely on my Accountant to calculate it when they file my return (usually 1st week in July, did 2023/24's return 2 Days ago). *Appreciate the US allows you to use different models for which shares you've sold but in the UK we have to use "Average Value" (AKA "Section 104 holding") Edit: I guess the safest way would be to not remit income until after you've got your home country Tax Report (Which for me means remitting most of this year's income in the 2nd half of next year).

Nor are any of the other Visas (Elite, any of the Non-IMMs, even LTR is not for permanent residents). AFAIK, It’s only Thai Citizens, PRs & LTR Visa Holders that don’t need to Report every 90 days, even guys on BOI Smart Visas need to so I’d be very surprised if you didn’t need to do one on a DTV. Would be nice if you didn’t have to & at the same time they moved everybody’s reporting to 180 days / 1 year or better still only report when you change your address.

We clearly have a different interpretation of what he said, I do admit that I tend to take things literally so could have misunderstood him (Seem to remember I got a similar impression from the 1st video). I'm sure he's forgotten more about Tax than I will ever know, but on the subject of remitted income I'm going to stick with my understanding of what counts (Including Debit & Credit cards), I figure if I err on the side of caution I can't get bit if I'm wrong 🙂

I'd lump WU in with the Exchange booths & assume that they're going to be reporting transactions to TRD.

He was asked a direct question about what would be considered "Repatriated Funds" & was definitive in his reply, what did I miss? He was also very clear that Debit/Credit card usage would not be considered "Repatriated Funds" & I think he's wrong, common sense says that if you take money from an Overseas account using an ATM in Thailand you're remitting that money.