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THAI savings, send to home country and bounced back to Thailand

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i have some THAI savings, that I accumulated for over 10 years

 

cannot get a FET from the bank, they say, I have to send it to my home country and back to Thailand

 

about 1.000.000 baht

 

it is not income and can proof with bankbooks it has been sitting in fixed saving deposits for years

 

if I ping pong it back, out via deemoney or bank and back directly to thailand, via SWIFT, so it is received as EUR

 

any chance that mister TAX man wants to tax that, as it is not income ?

Change it bit by bit in foreign exchange and take it back in cash, obviously within the limits of regulations in Thailand and your homecountry.  If not, obviously it will be very wrong to suggest the havala methods that are widely used, reliable but not at all to recommend or to do so. 

  • Author
17 hours ago, SingAPorn said:

Change it bit by bit in foreign exchange and take it back in cash, obviously within the limits of regulations in Thailand and your homecountry.  If not, obviously it will be very wrong to suggest the havala methods that are widely used, reliable but not at all to recommend or to do so. 

 

what exactly does your reply has to do with my question ?

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