Yumthai

Sounds like a "How To" educate a 5yo.

Do you like gambling? You have no assessable income as your foreign remittance is from pre-2024 income and you have the "Right to treat the 10% WHT as a final tax and exclude the dividend income from assessable income for personal income tax return filings, for dividend income derived from a Thailand company and 10% WHT is deducted from the dividend". https://sherrings.com/dividend-income-personal-income-tax-thailand.html

Do you consider yourself prudent?... and get your passport stamped illegally.

It seems you've well figured out your remittances and tax assessment, why would you need using an agent for?

You can't really compare Immigration rules that are duly enforced at each border crossing with Tax audit & collection that are not. So you've eventually changed up your mind as you've written multiple times you will use an agent to get the magic tax paper. Seems your persistent scaremongering efforts were not vain since you've achieved to auto-convince yourself.

58% sounds high to me. I guess many will change their mind and file when we get closer to the deadline. Who in his right mind wants to have potential future problems with TRD or Imm? 58% sounds low to me. The small sample surveyed by the Thai Examiner is certainly not representative of the foreigners diversity residing in Thailand.

This could only happen for people having been tax audited and penalized, their passport flagged until fines are paid. Individual tax audits are nowhere to be seen.

Being more proactive is not the way to go in Thailand. Sadly, one day or another they'll learn the hard way. Your doc will have been shadily obtained. In the very unlikely event you describe it'd be a matter of a couple of thousands at worst, certainly less than your agent fees. I'm fine with that.

That is surely TRD wishful thinking. In practice this is not enforceable, so as foreign credit cards spending. Are there any reports of gifts being re-qualified as assessable income because it has been proven to have somehow benefited the gifter? As you mentioned the THB20M gift tax-free threshold is a joke, why would they more care about how the gift money is spent. Not sure a Schwab International brokerage account (held by a non US person) can be funded from a third-party.

Sounds like a cheap fortune teller. Rather do nothing than frauding.

In that case replace the word "birth" by "marriage" and the magic will happen, amazing isn't it? There is no possible tax evasion by complying with the (gift) tax law.

How much would you have today if you had simply invested (and forget) in 1973 that 10% in an S&P 500 index fund?

Not if you have self-assessed you have no assessable income. IF an authority someday requires you something just be prepared and ready with your answers/docs/bribe (if it's your thing). For the giftee, source of fund is a gift. Birth certificate will prove how the gifter and the giftee are related, if ever asked during an unlikely audit. ... and still perfectly legal in Thailand when complying with the gift tax law.

Withholding tax on any dividend income from Thai companies is 10%.

Weird question... How will TRD know your income is tax exempted? Maybe by asking supporting docs. In that case a simple birth certificate will do the trick. That's what actually happens or do you seriously think the thousands of "working girls" declare their emoluments? And for some it's not weekly but several times daily along with multiple offshore sponsors sending monthly wires.

Your opinion is groundless. Thai residents gift each others with no tax consequences when in compliance with the gift rules.

You definitely need to learn the difference between (legal) tax avoidance and (illegal) tax evasion.

As the Thai tax resident giftee, receiving money tax-free (under certain threshold) from relatives is 100% compliant with the Thai gift tax law. There is no evidence/report of Thai residents being penalized for not declaring (and not paying tax on) regular inward transfers from relatives.

All people willingly walking into a TRD office are taking the risk to be treated at the discretion of a random TRD official. Som nam naa.

We can't wait to see that happening.

Half-good advice.

I gift my wife since years and will continue to do so, as most of the foreigners, if not all, in the same situation. I'm not worried as no one should be.

Everyone, except people who've been sadly brainwashed by these fearmongering and confusing tax threads, is doing it.

You should follow your own statement from the other thread. "The longer I wait to file my (e-file) saved PND90, and with the vague statement from the Finance Minister Pichai on 14 February 2025, I am now coming round to thinking it would be better not to file."

If you really were not trembling you would not feel much concerned, as most of Thai residents foreigners and locals included, nor proactively and fraudulently act about these tax matters.