Yumthai

I can see the same comment in few months when XRP will hit 5$ then 10$.

That would be great for people living from US dividend. US-TH DTA allows 15% WHT on dividend that will come as a tax credit cancelling the proposed 15% PIT.

If society collapses you'll get into much deeper trouble with your gold. Hope you hold a full set of lethal weapons + ammos and know how to use it.

You mean the agent fees you have to pay in order to get a 1 year extension of stay stamped without meeting any financial requirement?

Absurd comment.....no country bases it's real estate market on the premise that all sales to resident foreign buyers will not tax funds used to purchase real estate. Instead of posting an irrelevant comment can you answer the question or your crystal ball is not working today?

IMO it's unlikely to happen. Can you imagine what will be the consequences on the property market and foreigner residents community the day such people will be audited, fined and required to pay 35% marginal tax rate on their RE purchase?

When they'll feel the drop in the property market, it's highly probable rules will timely be made to exempt foreign remitted money for investment purpose from tax.

If you want to believe rules are or will be strictly enforced in Thailand it's up to you. If you assess enforcement risk is high it's up to you. Others have different opinions.

Any Code is worthless if not enforced. You keep dismissing tax enforcement or speculate rules will be enforced without any evidence it will.

The art of inverting the roles. You're the one who can't accept contrarian opinions, not the other way around. Your constant proselytistic posting is readily available to readers.

I concur. Actually these like-minded folks are very few, but as usual minority needs to be loud to preach their truth.

of course there is the head in the sand approach I've been to KBank yesterday for other purpose, no mention about CRS self-certification (that I've never filled). I assume if it was an urgent requirement a notification would have showed up in their system.

I agree there is a trend, but there is also how things are still working in this country. Each time I get to the bank I witness several Thai people depositing multiple 100K stacks. I'm really not sure SOF is systematically asked, far from that. The day SOF is really enforced all these people will just move banking.

Sure, you believe what you want to believe.

None from me, but I know people who did this year with no question asked.

I have deposited up to 1M THB in cash several times in my Thai bank accounts. They never even once asked me what the SOF was. Maybe I'm just lucky.

Indeed, the wrong choice might not be the one you think of.

So do us a favor and stop your patronizing comments. Again, this is not the kindergarten.

You keep repeating this, surely something you sound familiar with.

One last time: Financial Institutions have to comply with CRS. CRS policy requires FIs to collect some information from individuals. CRS does not require FIs to require their customers to comply/file with their tax jurisdictions. FIs have no mandate to do the tax authority job. Individuals comply with their banks policy (or not and they may face account restrictions/closure). Individuals do not have to comply directly with CRS. I've just quoted the KBANK FATCA/CRS Individual Self-Certification form you linked and obviously didn't read, mentioning next to Thai-TIN field in red letters: "Mandatory if you have taxable income in Thailand." Ridicule.

I have highlighted the relevant parts You make of it, what you will. So what? It's a self-certification form that all OECD countries financial institutions will ask their customers to fill at some point. Thai bank accounts for most of us are local bank accounts. For non US persons with no other tax residences it's NO everywhere. Thai TIN is mandatory only if you have taxable income in Thailand. No issue here.

Then don't post it in a public forum, and no-one will be able to conment on it. Clearly you do not As this highlights Or you would, at the very least, understand that it was set up to deter and prevent tax avoidance / evasion. You crack doing what you want to do. Just don't howl too loudly when it bites you on the ****. You're clowning yourself. Have a ride.

Regarding CRS I know everything I need to know. Speculations from pseudo-advisors are entertaining but not relevant.

What I do is none of your business. I will appreciate that you keep your advice to whoever is asking for it. The rules are currently not enforced, whether or not it will be enforced in the future is to anyone's guess.

I don't encourage anybody to do anything, just re-balance opinions so that everyone can get the full spectrum of information before making what they think, as responsible grown-ups, is right for them.