TristanR

5 minutes ago, codebunny said:

Why not actually hire someone to give you correct advice and process your case? Even if you can get free advice here, how certain can you be that every aspect of your situation will be covered by it?

I read through some earlier threads and there's many very knowledgeable people on here but I couldn't find a topic on my situation. I'll go the professional route if necessary, but it's hard to find people who actually know how to deal with this it seems. I've written e-mails and been doing some phone calls already

3 minutes ago, ThomasThBKK said:

You can get  a thai tax id and give it to your dutch bank, then they no longer report anything to dutch authorities

 

bunch of countries with these tax systems: https://nomadcapitalist.com/2016/06/13/countries-territorial-tax-system/

 

It's quite normal, france also has it (or used to - not up to date there). 

Is that even possible in my case? Student visa right now but plan on doing a few border runs if possible after that. In 2021 I'll have a Thai Elite and I heard acquiring a Tax ID is no problem then. 

What do I even report to the Thai tax? Zero baht? lol

Thanks for that link. I've actually been watching some of the nomad capitalist videos the past few days and learned a lot. 

56 minutes ago, ThomasThBKK said:

It's not a loophole, it's a territorial tax system, like many other countries have too. 

no thai bank will ever ask you that, nor should an eu bank, it's none of their business.

Territorial tax system it's called? I'll do some research to find what other attractive countries have this, thankyou.

The problem is actually that my Dutch bank did send a letter like that. My father received it and he mentioned not to worry because Thailand is not part of the CRS. But I guess the bank wants to know because they don't want to withhold money that is "laundered". So I just like to make sure that what I'm doing is actually perfectly legal. 

22 minutes ago, IvorLott said:

As you're not registered as working in Thailand, nor have a Work Permit, tax won't be an issue for you. I'd worry more about getting return visas. The whole issue over 'digital nomads' and their status in Thailand, seems to have long been, and continues to be somewhat of a 'grey area'.

I'd keep schtum. If you are lucky enough to have a good enough income to remain in Thailand and fulfil the immigration criteria for future visas, then why bring attention to yourself or your situation? 

Interesting. Yeah it seems like I can't get a clear answer everywhere so this forum is my last resort. I appreciate the replies so far. I'm thinking about investing in a Thai Elite visa because 500k per 5 years isn't all that much considering the amount of money I could save on taxes if all is correct. 

Hi,

Let me quickly describe my situation. Several years ago I started a YouTube community account which is now being ran by multiple people. Everybody gets paid revenue over their videos on monthly basis. Whether I create new videos or not, the channel generates me passive revenue which goes to my PayPal account. 

I'm originally a Dutch citizen but I'm no longer registered there. I've been living in Thailand for several months now and would like to stay for the rest of the calendar year, but I'm very confused about how I should go by my taxes. Currently, I transfer my PayPal money into my Dutch bank account where I just let it sit. I had enough savings before coming to Thailand. 

I've read that if you bring money into the country that was earned in the previous year, it's tax exempt. Now this seems like a giant loophole to me and I'm very confused about how one should prove this. Does this mean that I can continue letting my passive revenue build up in my Dutch bank and then in the following year I can withdraw it all to my Thai bank and that'd be perfectly legal and tax free? Do I require any papers to prove it was earned in the previous year? How does it work?

I'm also very curious to hear if I'm legally tax exempt everywhere. Surely there must be more people here earning money online. The Dutch regulations mention that I have to pay taxes in the Netherlands if I either live there or have money earned from there... that's not the case, right? As I'm earning it from YouTube which is USA based. I'm not sure what to tell them when the bank asks me where I'm paying my taxes.

Lastly, do I even need a work permit for my situation? It's passive revenue. Sure maybe I'm uploading a video every now and then, but there's no way to prove that. Also, whether I do or not, the money rolls in anyway. I guess it's like comparable to money earned from real estate in a different country. I've thought about joining up with Iglu but they tax 30% and it seems a hell of a lot cheaper to just get a 5 year Thai elite visa instead, especially if I'm tax exempt anyway. Which is my main question.

Thanks, that helps. To my understanding if I get denied a tourist visa at Vientiane, I could just do a border crossing at Nong Khai instead for a visa exempt entry. 

Wow that's a bit scary regarding getting denied entry. I'll make sure to bring my electronic valuables then..  maybe give my keycard to a friend of mine whilst I visit Vientiane so she can fly over and bring my stuff if worst case scenario happens. I can't think of a smarter way to go at it.

Regarding SETV's.. this is my history: I applied for one in January 2018 and I'm now using the one I applied for in November 2018. 

I feel certain that I could apply for another SETV around early February (when the extension expires), but don't think I could get another one after that, right? That'd be early May. I thought you could only apply for two per 12 months. I have a Dutch passport.

Seems like I would have to do a border bounce regardless..

I would probably fly to Vientiane for my SETV, considering they seem to hand them out the easiest over there.

Thanks so much for your reply

Hi all,

I finally decided to sign up as I really need to ask some questions and this seems to be the best place to go.

I've came to Thailand once before on a SETV and went back home for three months after that. I have now stayed here for 7.5 months on a fly-in, two border bounces and one SETV acquired in November. I plan on extending this SETV for another month but I'm becoming worrisome on what to do after. I signed a beautiful condo in Pattaya a month ago and would need 4 more months worth of visa's to stay here for the remaining of the contract, which is also the point where I will fly out to a different country and not come back to Thailand for a while. 

1. First and foremost, my biggest worry, let's say I do a border bounce or apply for a new SETV, and I get denied. What should I do next? I mean, I got the rentral contract and bills I need to pay as well as stuff I would have to get out of my condo if I'm really forced to leave. Do they allow me to come back and atleast pick my stuff up?

Now I'm also really curious as to what would be the best thing to do to stay here the remaining four months. My options seem very limited to SETV's and border bounces, as I'm only in my early 20s with not too much money on the bank. The thing is, I do earn money, but I was never able to find out if I actually need a work permit for it. So if anybody could tell me this about my situation, that'd be great too. I had a YouTube channel years ago which became quite successful. We ended up working with a team and I gave the channel to somebody in the team, under the contract that I get a percentage of what revenue the channel generates. Therefore, each month I'm getting a fair share of the money which is enough for me to live by in Thailand. I'm not really working, but I'm receiving funds. Also, if I don't have enough for the month, my dad is willing to financially assist me a bit as I'm planning to pay him back through a normal job when I'm back home. What I've been doing here primarily is resting, reading books, studying and enjoying life. 

2. So do I need a work permit for such thing?

I've also heard that it's possible to apply for a student visa and that would be my safest option. But I really only want to be here for another four months, so I feel like two border bounces would be the best option, theoretically, but I'm worried that I'm pushing my luck too much with all these SETV's and border bounces.

3. What would be my best visa options?

Tried to keep it short but also explain my situation as much as possible... thanks for reading