vasudev Posted March 6, 2016 Share Posted March 6, 2016 hi just wanna know that how much money i can have in my thai bank account without being inquired by any officials? i am a work oermit holder and my savings are more than my income i show Link to comment Share on other sites More sharing options...
sunnyjim5 Posted March 6, 2016 Share Posted March 6, 2016 Really ? If you are employed by a Thai company your tax payments are managed by the company. If you are earning in excess of what is being declared for tax purposes you should be concerned because an audit of the accounts will reveal the issue. Attempting to "hide" money from the tax man usually ends in tears in all parts of the world including Thailand Link to comment Share on other sites More sharing options...
tonray Posted March 6, 2016 Share Posted March 6, 2016 As long as you are not doing anything illegal to get money, why worry ? Link to comment Share on other sites More sharing options...
Pib Posted March 6, 2016 Share Posted March 6, 2016 Don't worry....Thai officials will not be calling you "unusually rich" until possibly the few billion baht point....and then they will just want to be your friend. 1 Link to comment Share on other sites More sharing options...
blackcab Posted March 6, 2016 Share Posted March 6, 2016 Attempting to "hide" money from the tax man usually ends in tears in all parts of the world including Thailand Seems like a national pastime to me. Link to comment Share on other sites More sharing options...
sunnyjim5 Posted March 6, 2016 Share Posted March 6, 2016 Attempting to "hide" money from the tax man usually ends in tears in all parts of the world including Thailand Seems like a national pastime to me. If the OP considers himself clever enough and well enough connected to get away with whatever causes unexplained cash to arrive in his account why is he asking questions here ? Link to comment Share on other sites More sharing options...
saakura Posted March 6, 2016 Share Posted March 6, 2016 OP, your question can be answered correctly only if you tell us the source of the additional funds in your account. You mention that it is more than the savings from your income, so who is giving you this cash? Hope you are not getting into a Nigerian scam and expecting someone to deposit millions of dollars in your account. Link to comment Share on other sites More sharing options...
BritTim Posted March 6, 2016 Share Posted March 6, 2016 To answer your question directly, large deposits from suspicious sources will trigger anti money laundering investigation. The balance of your account itself is no cause for concern, unless you are unlucky enough to be the target of a tax audit. Link to comment Share on other sites More sharing options...
HOAX Posted March 6, 2016 Share Posted March 6, 2016 If it is very much money then it would be normal and expected to be able to document where the money come from. If you don't have any documentation, transfer traces from relatives, government or other institutions then police may question your activities. If they suspect illegal activities they may hold your money until evidence clears up whether or not these money come from illegal activities. If they cannot prove anything, they cannot hold your money indefinitely. If you earn 100,000 baht a month, 7 million baht in savings or property would be a fair reason for anyone to start raising some suspicion. If you got large sums like that then it would be normal to be able to bring proof of where the money came from. If it's illegal money then obviously don't let your money stay in a bank in a country that has signed a treaty and is known to help other nations to track down, arrest and transfer criminals. Thailand is no tax haven, and does not take these kind of crimes nicely, unless you're part of the Thai/Thai-Chinese elite gene pool. Sent from my iPhone using Tapatalk 1 Link to comment Share on other sites More sharing options...
Sheryl Posted March 6, 2016 Share Posted March 6, 2016 A post describing illegality has been removed along with a reply to it. I think the original question has been adequately answered. Closed. Link to comment Share on other sites More sharing options...
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