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Transferring cash gifts into a Thai bank account?

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Hi community.

 

Looking to draw from your wealth of knowledge.

 

My understanding is that a Thai national, not related to the giver, can receive a tax free gift of cash up to 10,000,000B in any financial year, as long as the gift was discretionary (free of obligation).

 

In order to satisfy the Thai Revenue Office, the receiver needs to be able to prove that the funds were gifted and discretionary.

 

My question is:  Would the donors "statutory declaration" & copy of "proof of identity", both witnessed and certified by a "Justice of the Peace" in the donors foreign country satisfy the Thai Revenue Office?

 

To simplify responses the donor would be a non Thai Tax resident.

 

thanks.

  • Popular Post

Good luck to find someone who can report having been personally audited and asked to justify where gift money comes from.

 

If you really need an answer, directly ask the Revenue Department. Be aware that answer will randomly vary depending on branch, official, day and time.

 

  • Author
6 hours ago, Yumthai said:

Good luck to find someone who can report having been personally audited and asked to justify where gift money comes from.

 

If you really need an answer, directly ask the Revenue Department. Be aware that answer will randomly vary depending on branch, official, day and time.

 

Thanks Yumthai.

 

 

Isn't it a requirement for Thai Banks to report all bank deposits greater than a certain value?

 

Is it possible that what occurs in 2025 and beyond, may be a turning point from what people have been experiencing in the past?

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2 hours ago, rockyysdt said:

Isn't it a requirement for Thai Banks to report all bank deposits greater than a certain value?

 

Thai financial institutions are required to report each year deposit and interest information to the Revenue Department under certain conditions, link below:

 

https://sherrings.com/bank-deposits-transfers-tax-reporting-thailand.html

 

2 hours ago, rockyysdt said:

Is it possible that what occurs in 2025 and beyond, may be a turning point from what people have been experiencing in the past?

Possible but not sustainable as Thailand loves incessant turning points.

  • Author
On 11/7/2025 at 10:41 PM, Yumthai said:

 

Thai financial institutions are required to report each year deposit and interest information to the Revenue Department under certain conditions, link below:

 

https://sherrings.com/bank-deposits-transfers-tax-reporting-thailand.html

 

 

Thanks Y.

 

Very interesting reference.

Could there be revisions to this reference which is dated 2019?

With the latest emphasis on taxing ex pats on repatriated foreign earnings, there maybe a new bank reporting requirements since then.

 

7 hours ago, rockyysdt said:

With the latest emphasis on taxing ex pats

Please show me a reference from the TRD or a Thai politician which shows that the emphasis is on taxing expats..........rather than just foreign remittances...........

  • Author
12 hours ago, topt said:

Please show me a reference from the TRD or a Thai politician which shows that the emphasis is on taxing expats..........rather than just foreign remittances...........

Hi topt.

 

You are probably a greater expert in this subject.

 

Maybe just poorly worded on my part.

My comment "emphasis on taxing expats" was related to foreign remittances only.

 

For the most part, I'm assuming that most expats derive their income this way.

I might be wrong.

"""a tax free gift of cash up to 10,000,000B in any financial year, as long as the gift was...."""

 

That's a hell-of-a-lot of monies.

 

To ME, this has all the markings of a "scammer" transfer of funds from one account to another, UNLESS ( MAYBE ) between a husband ( or other relative ) to a wife ( or other relative ).

 

I think questions start after 50,000bt to 100,000bt transfers monthly unless a long series ( pattern - such as Immigration requirements ) of  monies transfered monthly over the past years to the same account. 

 

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