Determination Of Income

[niggle]

Does anyone know the current GBP to THB exchange rate used when determining what constitutes 65,000baht per month income?

Thanks

[Gumballl]

I just took a peek at x-rates.com. The posted exchange rate for 1 GBP is 65.5603 Baht. Thus use that (or whatever the exchange rate is on the day you need this info).

I am not sure if the Thai immigration deals with UK citizens differently than US citizens, but the latter merely have to prepare an affidavit at the US Embassy stipulating that they earn X-amount of money. No verification is performed by the US authorities on this issue other than asking the individual to take an oath that the information is correct.

Of course, if income is genuinely derived, then the individual surely has to pay tax on it... either in their country of origin or in Thailand... or a combination of both.

Edited February 12, 2007 by Gumballl

[lopburi3]

The rate used will be set by Immigration and not any internet site.

Although the US Embassy performs no verification on income Immigration can ask to see supporting documents for that Embassy letter so you should have with you when you make extension of stay application.