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Destination Thailand Visa (DTV) Success Faces an Uncertain Future


webfact

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2 hours ago, ChasingTheSun said:

Are these guys gonna report their worldwide income in Thailand and then pay Thailand taxes on it if they stay longer than 6months in a calendar year?

that is the purpose of the OCED agreement, CRS, and FACTA agreements on exchange of financial information.  Immigration will know when you pass 180 days and probably have set up some kind of computer exchange with the Thai Revenue Dept  We have yet to see any final information on tax schemes affecting tax residents or those earning income within Thailand.  We still wait...

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2 minutes ago, kuzmabruk said:

Your statement makes no sense.  Residents (1-year visa holders) could be asked to provide their Thai tax return on visa renewal.  Easy as pie.  Same for 180-day renewals of DTV holders.   If the days in Thailand during Jan1-Dec31 is less than 180 days, then you are exempt.  Additionally, a lot of us are already taxed at higher rates in our home country - if we still claim tax residency or are American.  Otherwise the tax rate here is a pretty fair 35%.  Compared with 52% that I paid in Canada.  

However, if one earns any income within Thailand they too must get a Thai Tax ID and file whether they stay even less than 180 days in a calendar year.

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3 hours ago, ChasingTheSun said:

Are these guys gonna report their worldwide income in Thailand and then pay Thailand taxes on it if they stay longer than 6months in a calendar year?

 

Why report world wide income & not report the $ brought into Thailand, as far as I know the law/policy is...

 

Tax is assessed on the amount of $ remitted to Thailand?

 

World wide income has nothing to do with remitted money.

Edited by Dakhar
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6 hours ago, webfact said:

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Since its launch last July, Thailand’s Destination Thailand Visa (DTV) has been wildly popular, designed to attract more visitors and encourage longer stays, boosting state coffers in the process.

 

Although precise figures haven't been released, estimates suggest between 10,000 and 40,000 visas have been granted. Social media estimates lean towards the higher end. Despite some initial hiccups—such as inconsistencies in documentation requirements across Thai embassies—feedback on the popular DTV Facebook group shows a satisfaction rate of over 90%, writes Barry Kenyon for Pattaya Mail.

 

The success largely stems from a flexible approach. The DTV was initially intended for applications from home countries. But now, quick visas can even be obtained via a brief stay abroad, with the Thai embassy in Taipei providing the fastest service. It allows walk-ins and processes applications within 24 hours/.

 

The visa's potential hasn't gone unnoticed by Thai visa agents, who now offer visa runs, typically to Laos or Cambodia, managing travel and paperwork for a fee between 100,000 and 150,000 baht (around £2,200 to £3,300).

 

The DTV grants a 180-day stay per entry, and according to the Ministry of Foreign Affairs, multiple re-entries are allowed, making it an attractive option. However, a possible 180-day extension at local Thai immigration offices remains murky, as the Ministry of the Interior has yet to comment.

 

Concerns linger, particularly for freelancers and digital nomads. Misunderstandings about working legally are widespread, as any work interaction with the Thai economy is prohibited. Currently, DTV extensions are being granted, but future policies remain speculative, with some suggesting online applications or stricter controls.

 

Whatever the outcome, the Thai Revenue Department is poised to tax income from people staying over 180 days annually, sparking little controversy thus far. As it stands, no final decision has been made, leaving visa holders and hopefuls in limbo.

 

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-- 2024-11-04

 

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Does Thailand have an Embassy in Taipei ? It would mean there are diplomatic relations between Thailand and Taiwan which is unthinkable....

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1 hour ago, Kerryd said:

Not likely.

Was my thought when first reading the article.

The original article on what it states it is based on is a little bit more nuanced -

https://www.pattayamail.com/latestnews/news/thailands-dtv-game-changer-let-sleeping-dogs-lie-for-now-478512

 

PS -

just Ignore the 10 fold $ increase exchange "typo" for the agent fees :wink: 

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3 hours ago, kuzmabruk said:

Your statement makes no sense.  Residents (1-year visa holders) could be asked to provide their Thai tax return on visa renewal.  Easy as pie.  Same for 180-day renewals of DTV holders.   If the days in Thailand during Jan1-Dec31 is less than 180 days, then you are exempt.  Additionally, a lot of us are already taxed at higher rates in our home country - if we still claim tax residency or are American.  Otherwise the tax rate here is a pretty fair 35%.  Compared with 52% that I paid in Canada.  

 

For reference sake, the tax rate in Thailand is not 35%. The 35% only applies on income that is in excess of 5 million baht. Thailand like Canada has a progressive tax rate.

 National income tax rates

1 to 150,000 B    -0%

150,001 to 300,000B -  5%

300,001 to 500,000B - 10%

500,001 to 750,000B - 15%

750,001 to 1,000,000 B - 20%

1,000,001 to 2,000,000 B - 25%

2,000,001 to 5,000,000B  - 30%

5,000,001+B - 35%

 

Canada uses a progressive tax rate that has higher tax rates apply only on income segments. For example, in Ontario the 52% would have applied only on income in excess of  $246,000. A lower tax rate applies to Canadian  Capital Gains

Taxable Income ($)     Marginal Tax Rates (%)  
      Interest and Regular Income     Capital        Gains
        - to $15,705 - -
$15,706 to $18,062 15 7.5
$18,063 to $23,726 25.1 12.55
$23,727 to $51,446 20.05 10.02
$51,447 to $55,867 24.15 12.08
$55,868 to $90,595 29.65 14.83
$90,596 to $102,894 31.48 15.74
$102,895 to $106,735 33.89 16.95
$106,736 to $111,733 37.91 18.96
$111,734 to $150,000 43.41 21.71
$150,001 to $173,205 44.97 22.49
$173,206 to $220,000 48.29 24.15
$220,001 to $246,752 49.85 24.93
$246,753 and over 53.53 26.77

 

 

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4 hours ago, kuzmabruk said:

Residents (1-year visa holders) could be asked to provide their Thai tax return on visa renewal.  Easy as pie

This is has not occurred - and no indication that it will - it's November now, less than two months before the end of the year and no sign of this happening

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4 hours ago, kuzmabruk said:

Your statement makes no sense.  Residents (1-year visa holders) could be asked to provide their Thai tax return on visa renewal.  Easy as pie.  Same for 180-day renewals of DTV holders.   If the days in Thailand during Jan1-Dec31 is less than 180 days, then you are exempt.  Additionally, a lot of us are already taxed at higher rates in our home country - if we still claim tax residency or are American.  Otherwise the tax rate here is a pretty fair 35%.  Compared with 52% that I paid in Canada.  

What 1 year resident visas are you referring to? The only one that allows working is the DN visa which very few have.

 

I don't think they have announced what the tax rates are for DTV visas are yet.

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44 minutes ago, Toby1947 said:

All this hassle, who in their right mind would want to live in Thailand permanently, 

Well most couldn't live in Thailand permanently even if they wanted.

 

I think it's more who would want to contribute to a country where you'll only ever be a visitor and at the constant mercy of changes.

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