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4 minutes ago, Sheryl said:

Not taxable if not transferred in the year it was earned.

 

There will likely be some questions from the bank ablut source of the funds. Above a certain threshold they have to ask. Might or might not be some forms you have to fill out or they might just call and ask....I'm not sure as the most I have ever transferred in or had transferred to me here is only 1.7 mill.  I have at times been asked about source.

Appreciated!  The source of funds question will be no problem, as the HongKong-Company would be under my control, too.

So I will set everything up like that, thanks a lot for all the information!

44 minutes ago, Firefan said:

The way you describe it, and the way the CURRENT(!) tax laws are interpreted then yes, you will have no (Thai) taxes to pay. With big amounts make sure you obtain a document called something along the lines of Certificate Of Foreign Currency Transaction from the receiving Thai bank to ensure you can also transfer back out again, without them questioning source and/or taxes.

Appreciated.

11 minutes ago, Boomer6969 said:

I would have thought that anyone who transfers 30,000,000 THB a year into Thailand , would resort to an accountant/lawyer, not ThaiVisa.

 

But yes, this is exactly what I am doing with my pension. I transfer the exact  sum of 12 pension receipts of the previous year on the first business day of January.

I do not plan to transfer this kind of money every year, just like one-time or two-time experience.

And yeah I would be happy to contact a lawyer if no one can answer this question here, but why spend senseless money on a lawyer if maybe someone with first-hand-experience can answer my question for free? I wanna keep my money ????

Hi guys,

as I am living in Thailand for more than 183 days now, I am resident. That's making me subject to the Thai Tax System and I think I am very happy with this.

As far as I understood, every foreign income being transfered to Thailand not in the same calender year it was made is 100% tax-exempt? In which Thai Law I need to read into to find this law written black on white?

Can anyone with more experience and knowledge confirm that the following case is really 100% legally tax-free?

HongKong-Company is doing Forex/Crypto-Trading. This is tax-free for the HongKong Company by HongKong law.

All the profits are being made in year 2021 and being cashed out in USD/EUR to the HongKong-Company Bank Account in 2021 as well.

Now the money is being sent to my personal bank account from the HongKong-Company Bank Account from 1st of January 2022 with the comment "dividend from year 2021".  As far as I understood, I do not need to pay any Satang tax on this money.

Anyone can confirm with 1st-hand-experience that the bank really does not make any issues, like even if I send 30.000.000 THB or more to my personal Thai Bank Account the bank will not make any problems, freeze the money for some time or some <deleted> like this?

Thanks in advance for the answer and kind regards!