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Destination Thailand Visa (DTV) Success Faces an Uncertain Future


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Posted
3 hours ago, webfact said:

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.

:coffee1:

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Posted
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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Posted
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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Posted (edited)
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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Posted
6 hours ago, webfact said:

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File photo

 

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....

Posted
5 minutes ago, fvw53 said:

 

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

Not an Embassy but they offer services from the Thailand Trade and Economic Office (Taipei).

Posted
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

Posted
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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