5 hours ago5 hr As an LTR visa pensioner my remittances are tax free and my substantial Thai dividend taxes anomalously are not recognised by the TRD for the purpose of obtaining a tax residency certificate.Would the sale of a 1 oz gold coin brought into Thailand count as "Thailand sourced income/gains"? I'd need to sell it with a paper trail and have the amount transferred to my Thai bank account. I would then go with these papers to the TRD and ask for the proceeds (or the difference between the 2008 and the 2026 price) to be taxed.Would this be worth attempting?
3 hours ago3 hr Personally I would think it is not taxable under LTR rules - money/gold coins no difference...........Happy for someone to show me any error in the above statement?
57 minutes ago57 min 4 hours ago, JackGats said:Would the sale of a 1 oz gold coin brought into Thailand count as "Thailand sourced income/gains"?By definition your coin is foreign-sourced.You can opt to declare your Thai dividend (and possibly pay more than the 10% WHT) or bank interest, or get rental income.
45 minutes ago45 min 4 hours ago, JackGats said:As an LTR visa pensioner my remittances are tax free and my substantial Thai dividend taxes anomalously are not recognised by the TRD for the purpose of obtaining a tax residency certificate.Would the sale of a 1 oz gold coin brought into Thailand count as "Thailand sourced income/gains"?I'd need to sell it with a paper trail and have the amount transferred to my Thai bank account. I would then go with these papers to the TRD and ask for the proceeds (or the difference between the 2008 and the 2026 price) to be taxed.Would this be worth attempting?I don't see the difference between Gold and & other assets, at the end of the day it's "Capital Gains". Is there no way you can get any other Thai Income E.g. do you own a House/Condo that you can "Rent out to a Friend" for a few months to generate sufficient income to cause a Tax Liability.
42 minutes ago42 min Author 12 minutes ago, Yumthai said:By definition your coin is foreign-sourced.You can opt to declare your Thai dividend (and possibly pay more than the 10% WHT) or bank interest, or get rental income.That's what I tried to do last year (with respect to tax year 2024). I opted not to let it end at the 10% "final" tax on my Thai dividends. But the local TRD then went on to want to tax me on all my remittances, disregarding my LTR exemption.
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