NoDisplayName

You do not need a Thai ID (or tabien ban) to obtain a TIN. If you have a Thai ID, you use that number for filing tax, making the TIN irrevelant. If you don't have a Thai ID, you apply for a TIN to use as a substitute number for tax filing purposes. I'll repeat. If you have a Thai ID, that IS your tax number. You don't need a substitute number. It's normally only expats that applied for a TIN before obtaining a Thai ID that have both. Just march your little butt down to the local tax office and apply. I believe you only need to show passport with long-stay visa, no residence certificate required. Others who have applied recently can confirm. You'll likely be told you don't need one, but the claim that you need it to file taxes to claim interest tax refund should be sufficient reason.

Now that I have a pink ID and am a tax resident in Thailand and liable to pay tax on all income remitted, do I get a digital wallet, too?

I believe this is where the delay comes in. Monthly expenses are received in the account immediately, coded as a standard domestic interbank transfer from Kasikorn to Bangkok Bank. This would be fully automated and immediate. Long-stay funds require additional processing in order to be coded as international.

Similar here, until last week. I got my TIN about 6 years ago registered in Bangkok and filed a couple times for refund of interest/dividends tax paid. Got my pink ID two years ago after moving out of Bangkok. Preparing for upcoming tax rule changes, wanted to have the TIN card updated with correct address. Office lady in the district office explained the 13-digit TIN is a substitute provided to those who don't have a 13-digit PIN from a national ID card, that I use my pink ID PIN when filing tax, not the substitute TIN. Office lady called the provincial tax office to have my pink ID PIN registered in the tax system for e-filing, which at the same time invalidated my TIN which was no longer needed.

Not sure of your point. You have a pink ID card? That's your tax number. You must go through the local tax office (or call 1161) to have it registered in the system for e-filing, but you do not need to request a separate TIN. No pink ID card? Visit local office to request a TIN, if needed.

If you have a Thai ID, that IS your TIN.

I sent 7 "long stay" transfers this year. All were sent from wise at ~8:30pm when funds received from my credit union by ACH. All were received by Bangkok Bank before noon the following day(*), and released around 2:30pm. coded as international transfer. (*) Exceptions for weekends and holidays, of course. Also sent a dozen "monthly expense" transfers for similar amounts ($500-$1500). All sent ~8:30pm, deposited into Bangkok Bank within seconds available for immediate use, coded as transfer from other bank account.

Bangkok Bank open-ended bond funds B-FIXED and THANATAVEE are currently paying 0.65% over the past 4-month period, approx. 2% APR.

We have real world examples of unobtainium. The certificate to be signed by director(s) of a foreign insurance company to be acceptable western insurance. The "bank letter" sent by SWIFT needed to open a savings account.

Is that you, Jules?

Cutoff is zero dollars if you're pushing from your bank to Wise. ACH is free at most banks. Wise charges to pull from your bank.

***UPDATE*** Tried all week to register on the tax system, but no luck. Tried English name all caps, no caps, with spaces, without spaces, and Thai name. Honey-bunny called the help line (1161) and found my Thai name had been entered. Note if registering with a pink ID, default register choices are English Mr. Mrs. other. If Thai name from pink ID is used, you select "other" and choose นาย from the dropdown menu. Once accepted, you set up a password, and choose if OTP goes to phone or email. I logged on and went to file 90/91 which defaults to 2023, with the option of changing filing prior years 2022 or 2021. Seems it's still possible to claim refunds for three years of interest tax paid if you want. I read that was not possible online, but the options are there. I believe after completing the filing, you choose refund by check or PromptPay. Good Lucky!

Once you get set up in the system, you will receive notifications from Bangkok Bank when new fixed term IPO's become available.

This 6-month term fund IPO is pending. Minimum investment 500K. https://www.bangkokbank.com/en/Personal/Save-And-Invest/Mutual-Funds/Auto-Redemption-Funds/B-FIXTERM

While you're waiting to decide, 6-month auto-redemption fund will pay about 2% APR. This holds Thai government bonds, no tax withholding. You may need to visit a branch to have your online account set up with a mutual fund holding sub-account. After that, you can buy/sell mutual funds online or with the app. Bualuang Thanarat 13/24 (B13/24) IPO: July 3, 2024 - July 8, 2024 https://www.bangkokbank.com/en/Personal/Save-And-Invest/Mutual-Funds/Auto-Redemption-Funds/-/media/f937f5e6befe43b88aab2cd8b65d67b0.ashx

I'm sure there are better models out there, this was the first one that popped up on Lazada. Fresh peanut butter is the bestest! Did a cycle tour of New Zealand last century. They have a chain of organic bulk food stores featuring self-service counter with machines to make peanut better and to grind fresh coffee. Better options on Alibaba https://www.alibaba.com/product-detail/Stainless-steel-peanut-butter-making-machine_1600288347055.html This one also makes soy milk.

Make it yourself...; https://www.lazada.co.th/products/nostalgia-homemade-peanut-butter-maker-i2395646096.html

E-Savings deposits under 1 million baht will pay 1.50% per year and those over 1 million baht will pay 0.65% per year.

Bangkok Bank (or Kasikorn, etc.) has mutual funds available, and bond funds earning 2-2.5%. Or you could open a brokerage account and buy Thai stocks....

I'll defer to another expert on default position.

Different subject entirely. One is what the remittance is considered. The other is whether the RTD will bother chasing small fish. Not same-same. Weed is illegal in many places, but police won't bother themselves with amounts under a certain limit. Not worth their time.

Is that a "common sense" or "hopeful" interpretation? In that case nobody would ever file, because it would be up to RTD to track down every individual (non)taxpayer and prove tax was owed. Tax office ladies would never ask the source of remittances if the default was savings. This is not the legal system, it's tax bureaucracy, where everyone is assumed guilty until they prove themselves innocent.

I would suggest the assumption will be any funds remitted will be considered assessable unless shown otherwise.

I understand you did your research, but the second link is irrelevant, and the first does not support your claim that the United States does not "permit" foreign governments to tax US citizen tax residents. The United States taxes the worldwide income of its nonresident citizens using the same tax rates as for residents. To mitigate double taxation, nonresident citizens may exclude some of their foreign income from work from U.S. taxation and take credit for income tax paid to other countries, and those residing in some countries with tax treaties may also exclude a few types of foreign income from U.S. taxation, but they must still file a U.S. tax return to claim the exclusion or credit even if they result in no tax liability.[138][139] U.S. citizens abroad, like U.S. residents, are defined as "U.S. persons" and thus are also subject to various reporting requirements regarding foreign finances, such as FBAR, FATCA, and IRS forms 3520, 5471, 8621 and 8938. The penalties for failure to file these forms on time are often much higher than the penalties for not paying the tax itself. This certainly doesn't prevent Thailand from taxing US-based income. This tells me what/how the US taxes. Do you mean tax treaties? Tax treaties exist between many countries on a bilateral basis to prevent double taxation (taxes levied twice on the same income, profit, capital gain, inheritance or other item). In some countries they are also known as double taxation agreements, double tax treaties, or tax information exchange agreements (TIEA). No details of the US-Thai tax treaty provided. You won't be able to walk into Thai tax court quoting Wikipedia. That would be about as successful as a sovereign citizen claiming "But officer, I'm not driving, I'm traveling. This is a not a motor vehicle, it's a vessel. The US constitution grants the right of free travel under Admiralty Law!! I don't need a license or insurance or registration. I did my own research!!"

I promise to read the wikipedia article when you post a link, thanks.