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Need advice on ways to transfer funds from Wise UK to Thailand without going through my bank account and card question


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Posted

Just bear in mind, whether bank or Western Union or whatever, you will have to show your passport to collect any funds.  Your PP number will follow you.

Posted
1 hour ago, Dmaxdan said:

I believe that because of the taxation agreement that has existed between the UK and Thailand since 1981 it's unlikely that you will fall foul of the new regulations as of next year.

The 1981 version has been replaced with one issued 2012 or 2014, if memory serves. I think you will find this new version to be not so beneficial.

Search on www.gov.uk to get the latest version. 

Posted
12 hours ago, scubascuba3 said:

I can't see them taxing cash transfers, they may try taxing income

Exactly, it is income tax and is dealt with by tax authorities not banks.

  • Like 1
Posted
12 hours ago, scubascuba3 said:

I can't see them taxing cash transfers, they may try taxing income

Maybe, but it could be the opposite.

 

For instance the Taxation agreement with [one of] my country of origin states clearly that pensions are taxed at the source. So how do you prove that a cash transfer is pension? That's why I could imagine that they would require pensions to be paid [by the funds] into Thai bank accounts, free of tax. All other cash transfers being considered as Taxable. Still complicated but more workable from an enforcement point of view. It remains that the division pension vs "other income" may vary from country to country.

  • Confused 1
Posted
13 hours ago, homeseeker said:

Tax evasion is illegal. Legitimate tax avoidance is not.

Here's an idea. Just pay the taxes to support and fund the country you live in. If you don't, you have no right to complain about the state of the place.

  • Haha 1
Posted

Money laundering question online on Asean now with link to your email and IP adress and therefore they know you if they want:).

 

????

Posted
14 hours ago, homeseeker said:

I  suppose I could send money to a Thai  friend with a bank account here but that would be risky as the Thai may -unintentionally of course - forget to gift me my money.

how stupid are you? 

All this would do is put your tax liability on someone else,

  • Like 1
  • Confused 1
Posted
10 hours ago, scubascuba3 said:

Taxing cash transfers is just not workable so people can stop panicking 

How no if the bank is reporting foreign transfers?

Posted
4 hours ago, scubascuba3 said:

of course it won't happen, so someone transfers 800k for retirement and you think they will tax it?

I dont know what to think. No one does. 

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