Yumthai

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.

Let's feel sorry for the aliens.

Funny thing is fraud, such as illegally getting a stamp in your passport or illegally getting a tax paper from TRD, is a criminal offense.

Would you share her details (for a friend)?

What Thai authorities surely cannot do is to verify that an embassy has genuinely verified what has been declared. Hence some embassies continue to issue this income affidavit to their nationals.

While being physically in Thailand (tax resident and non tax resident), if you regularly trade for a living getting most of your income then it's technically considered as working in Thailand. Any profits/earnings even not remitted in Thailand (as left in the foreign broker account) should be considered as local income and declared as such. However this is not enforced. AFAIK there has been no case of people trading from their laptop or phone having been checked because it's just unrealistically auditable.

I certainly do think that Thais want foreigners, and rightly so, to respect their customs and traditions. Regarding laws, I think Thais are not much concerned about foreigners complying with the rules (especially when they themselves don't comply) as long as they are not somehow negatively impacted, unless they (for some) can grab a direct profit from it.

But perhaps for other kind of ice cream service you'd rather use an untraceable payment method.

Do you mean Thai people prefer foreigners to follow the laws they, as locals, barely follow? Interesting mindset.

You're right, I apparently misread it. Kind of Mandela effect.

I predict your future will be sprinkled with surprises, Exiting!

Some banks in the Channel Islands and the Isle of Man, although it's not technically UK, open accounts to non-residents meeting their minimum deposit/AUM requirements.

Not surprised. As they know they are structured to be unreachable by TRD I believe their real target is the middle-class, this is where the potential big money is by volume and numbers.

Sure your wife FTIN is her Thai national ID number even if she had never paid tax in her life. That's convenient and no big deal. As a non US foreigner residing in Thailand, I've filled my IBKR W-8BEN form without providing a TIN as I have no taxable income here. Works fine. Agreed. The paradox is the ones who make these new rules are among the wealthy and certainly holding productive offshore assets as well.

Nonsensical. People who meet the requirements to get a non-O visa + yearly extensions are those who intend and are legally able to live continuously in Thailand as long as their yearly permission of stay is valid. The visa should be the only necessary requirement to open a bank account since requirements to live in the country have already been checked and met.

Filing a FTIN is not mandatory if you are not legally required to obtain an FTIN from your jurisdiction of residence. https://www.irs.gov/pub/irs-pdf/fw8ben.pdf https://www.irs.gov/pub/irs-pdf/iw8ben.pdf