Trump chickens out again.

[CrossBones]

If I live in Thailand year in year out but not as a resident... what are the tax implications?

Do i need to pay income tax in thailand based on my money in and out of a Thai bank account.

can anyone shed some light on this?

Thanks

[Maizefarmer]

This is a personal bank account (like current account)? - the short answer is no, what goes into/out of your bank account is not going to attract much interest.

[soundman]

Moved to Banking & Business forum.

[Orion76]

If you are a tourist or similar then you shouldn't be tax liable.

If the incoming wires are going to be large and you intend to have significant amount of funds in the bank account I'd recommend getting your main account in Singapore or Hong Kong, and use a small Thai bank account where you just send what you need to cover your living expenses.

Here's an example for Singapore: http://www.ipb.citibank.com.sg/

[BangkokHank]

Moving money into and out of a Thai bank account is not a taxable event. Nor is trading stocks from Thailand, either internationally or domestically as there is no capital gains tax on stock market transactions in Thailand. So you are not taxable in Thailand based on your stock trading or transferring profits into Thailand.