how internet marketers with internet income operate in Thialand

[parafareno]

I have the option to apply for tax residency termination in my country if I stay in Thailand all the time.

So I wonder will I have to pay taxes in Thailand from worldwide income (internet)

All income comes to my paypal and than I withdraw it to my bank. So I just pay 20 % of it, or how does it work.

I dont do any business with Thailand, only USA and Europe mostly

I just need a good solution for me

thanks

[daveAustin]

I would keep it quiet.

[Soutpeel]

So how does it work ?....suppose you want a long term visa as well ?

simple you register a THB 2.0million Ltd company in Thailand, apply for a work permit and register for tax and you can pay your tax in Thailand

and seeing as one suposes your will be claiming to be independently wealthy your tax rate could be 35%

[parafareno]

35% that is criminal.....

[manarak]

If you don't need a company, just keep it quiet and have the revenues deposited into a foreign account.

After 12 months the revenues can be imported tax-free into Thailand.

If you need a company, you do the same as above but also incorporate offshore somewhere convenient.

[parafareno]

so you mean foreign account in Thailand? I have SCB bank account now, is that the same?

I will only do paypal withdraws....to that bank account, and I will end my tax residency in Europe

So Thai government will not complicate?

No I do not need company at all

[manarak]

so you mean foreign account in Thailand? I have SCB bank account now, is that the same?

I will only do paypal withdraws....to that bank account, and I will end my tax residency in Europe

So Thai government will not complicate?

No I do not need company at all

no, I mean an account that is not in Thailand

you can even keep your European account

just make sure you keep the funds 12 months in your European account before transferring them to Thailand.

Edited February 9, 2015 by manarak

[parafareno]

what about thai paypal and direct transfer to thai SCB bank immediately?

Did somebody here terminate tax residency in Europe? And keep european bank account

Maybe I should open singapore account? or HK with paypal attached?

and also how to terminate my residency in Europe if I dont have job in Thailand, usually they want that all the time

Edited February 9, 2015 by parafareno

[manarak]

what about thai paypal and direct transfer to thai SCB bank immediately?

apparently you cannot read.

[Soutpeel]

35% that is criminal.....

no thats the imcome tax in USD 125k/yr and up in Thailand

[Soutpeel]

what about thai paypal and direct transfer to thai SCB bank immediately?

apparently you cannot read.

I suspect the OP is getting squeezed in his own country on his tax bill, and has stated he is resident in Thailand, therefore he should be classed as non-resident for tax, and his countries tax man has come back and said prove your paying tax in Thailand, "your country of residence" and we will back off

Fact is, in his situation he would find it very difficult to pay Thai tax, unless there is a Thai entity involved/WP etc

setting up a shelf company in Singapore/HK will not give him residence status is either of those countries, seems he is attempting to be declared non-resident for tax purposes in his personal capcity in his own country...

[Lukecan]

1. Apply for a thai elite card, it costs 500,000thb, you'll get a 5 year visa.

2. hush.

[recycler]

When cancelling your registration in Europe, they will ask for proof of tax registration somewhere else and inform that country of your new status.

I had a life insurance paid out 11 years ago here and expected to never hear about it until the Thai revenue knocked my door with copies of the policy...

[khunPer]

The tricky thing is, that to my knowledge Thai law says: if you bring foreign earnings into Thailand the same year as they are earned, you shall pay income tax – if you instead save them abroad and bring them into Thailand the following year, they are foreign savings and not income taxable.

You will need an off shore bank account to park your Pay Pal income till next year.

In theory you are not allowed to do any work in Thailand without a Work Permit, even you work on-line for foreign clients only. I presume some does that “under the radar”, and don’t talk...

If you open a Thai limited company, the company tax is between 20 and 25 percent. Personal income tax rate for your salary begin at 5 percent for amounts over a certain minimum limit (around 150,000 baht, depending of your personal status), tax raise in 2½ percent steps up to 35 percent of anything you earn over 4 million baht.

To open a Co. Ltd. with 1 foreign WP you will need 2 million baht in shareholder capital and a number of Thai employees (2-4 in most cases).

Wish you good luck...

[nithisa78]

I'm not clear on what the law says. Whatever it says, obey it.

[thefactoryoutlet]

Just by asking it seems that you are not ready...

[manarak]

what about thai paypal and direct transfer to thai SCB bank immediately?

apparently you cannot read.

I suspect the OP is getting squeezed in his own country on his tax bill, and has stated he is resident in Thailand, therefore he should be classed as non-resident for tax, and his countries tax man has come back and said prove your paying tax in Thailand, "your country of residence" and we will back off

Fact is, in his situation he would find it very difficult to pay Thai tax, unless there is a Thai entity involved/WP etc

setting up a shelf company in Singapore/HK will not give him residence status is either of those countries, seems he is attempting to be declared non-resident for tax purposes in his personal capcity in his own country...

an offshore company could still be required for any contracts requiring a legal entity such as contracts with banks, payments systems, advertising networks, etc... I got some experience in the matter ;-)

and yes, of course, it has nothing to do with a legal status in Thailand, it is just to keep the whole structure offshore, including the funds.

but OP said he doesn't need that anyway.

Edited February 9, 2015 by manarak

[SOUTHERNSTAR]

You can have an offshore company in a tax haven country. Then register a branch in Thailand this will allow you to opperate here, but you may then not generate any income within Thailand. Use some of your money to go and see a good accountant and laywer, they can structure it within the law.

[Jonmarleesco]

You don't say what nationality you are, but I assume not US, with tax on worldwide income. US apart, tax is generally payable to the country from where income is sourced (DTAs notwithstanding). Regardless, you should be paying tax somewhere, if only to be legal.

Check whether Thailand has a DTA (double taxation agreement) with your country of origin, then see whether it would work for you.

[Jonmarleesco]

You can have an offshore company in a tax haven country. Then register a branch in Thailand this will allow you to opperate here, but you may then not generate any income within Thailand. Use some of your money to go and see a good accountant and laywer, they can structure it within the law.

Do you know what countries have been doing over the past few years, since the US came up with FATCA? An offshore company doesn't work the way it used to.

[poweratradio]

35% that is criminal.....

Try just paying your own countries income tax and then comment on the Thai tax as criminal.

[poweratradio]

1. Apply for a thai elite card, it costs 500,000thb, you'll get a 5 year visa.

2. hush.

Check your facts that your spewing. There is NO elite card for 500,000 baht. Try 2 million. http://www.thailandelite.com/glimpse.php#Thailand Elite Program

[sential]

1. Apply for a thai elite card, it costs 500,000thb, you'll get a 5 year visa.

2. hush.

Check your facts that your spewing. There is NO elite card for 500,000 baht. Try 2 million. http://www.thailandelite.com/glimpse.php#Thailand Elite Program

Check out your own facts, from your own link - Thai elite for 5 years is 500,000 baht

[manarak]

You can have an offshore company in a tax haven country. Then register a branch in Thailand this will allow you to opperate here, but you may then not generate any income within Thailand. Use some of your money to go and see a good accountant and laywer, they can structure it within the law.

Do you know what countries have been doing over the past few years, since the US came up with FATCA? An offshore company doesn't work the way it used to.

they work as before, they just don't allow tax avoidance anymore for people taxable in the EU, the US and some other countries

[manarak]

You don't say what nationality you are, but I assume not US, with tax on worldwide income. US apart, tax is generally payable to the country from where income is sourced (DTAs notwithstanding). Regardless, you should be paying tax somewhere, if only to be legal.

Check whether Thailand has a DTA (double taxation agreement) with your country of origin, then see whether it would work for you.

not good advice, OP can legally avoid taxes

[manarak]

When cancelling your registration in Europe, they will ask for proof of tax registration somewhere else and inform that country of your new status.

I had a life insurance paid out 11 years ago here and expected to never hear about it until the Thai revenue knocked my door with copies of the policy...

not all countries do this. which country did that to you?

[Derek M]

Keeping your bounty outside of Thailand and using (withdrawing) when is not a bad thing especially when keeping it out of the reach of the grubby hands

of a cash hungry GF/wife of GF/Wife's family! The tax man may want his share but some of these not so good greedy Thai's want it all!

[rwdrwdrwd]

Set up a BVI Business (no reporting requirements and no tax on non BVI income), do contracts and invoicing from that company, receive payment to a company account in HK, pay yourself in Dividends to an offshore personal account in one of the many locations that do not levy income tax on non-resident offshore income (but probably not HK just for legal simplicity) and hold it there until the next Jan 1st, and then bring it to Thailand tax free.

If you're in the lucky scenario of having some or all clients that are not from your country of citizenship, for those clients skip the BVI company and HK company bank set altogether, set up contracts and do invoicing as an individual and get paid direct to your offshore personal account and keep it there till the next Jan 1st (that account should not be in your home country, nor in the clients country, nor in the country you reside).

If you want a Thai work permit, set up a Thai company and invoice the HK company a service fee just high enough to cover 50k salary, taxes and accountant fees.

Edited February 11, 2015 by rwdrwdrwd

[parafareno]

what is BVI company?

my plan is to terminate my tax residency in my country in Europe, then have USA bank account to do business and stay in Thailand and work with USA not with Thailand. So I guess I can keep it all, I will be earining low ammount, just to survive, around 1000 usd per month.....

setting up company in HK will increase my costs drastically I think..... I travel a lot in Asia so I stay here, there and another place a lot. It is confusing who to pay.....Will this work out and not cause me any probem?

How Thailand knows if I hold the money 1 year on my bank account. I will just use ATM card in Thailand no transfers needed for now.....

[zierf1]

"law"? lol. one thing you need to learn is there is no "law" in a country without rule of law. folks do what they can get away with in 3rd world countries.