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Shredded Wheat
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If I move to LOS long term and keep doing a visa run to renew a 3 month visa, not working but staying as a long term tourist, does that mean no Thailand income tax liability arises for me?
Would this change if I am a shareholder in a Thai company that owns a Thai business? Although I may be a shareholder I will not pay myself any dividend, and will not work in the business, so receive no salary directly. So it seems to me no income tax liability can arise as there would be no Thai income.
Any income that works its way to me from the business would come via my Thai wife - who would get paid a salary for managing the business.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 5:44 pm on July 8, 2005
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Roger Ramjet
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Yes - you would have no income sourced in Thailand and therefore there would be no Thai tax liability.
Again, if you have no income (dividend/salary) from the Thai company that you invest in, there would be no Thai tax liability.
Your wife would obviously have to pay tax on her salary for managing the business. Tax rates for Thais/non Thais are the same.
(Note: this is a bit simplistic and I am assuming that while you are here you will not be working in Thailand on behalf of an offshore company and earning salary in respect of this from an offshore source. If this is the case then things can get a bit more complicated).
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 6:48 pm on July 8, 2005
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thaiprivateeye
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I would advise you to seek the advice of a reputable company such as Sunbelt Asia. They will advise you on complicated tax metters and other related issues.
I would also strongly advise you not to try and work round the tax laws of Thailand, it is simply not worth the effort.
TPE II
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Thai Girls : Meet Sexy Thai Girls
Posted on: 10:59 pm on July 8, 2005
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Bangkoksexydotcom
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there is a silly law that if you stay long enough in thailand u have to pay income tax for income from other country but no one ever pay it. Until they bust you for something else. It is like every one have Porno dvd but no one cares until they want to bust you for something else.
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 12:40 am on July 9, 2005
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Basil Bush
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I was under the impression (rightly or wrongly) that Thailand had some form of tax law that assumed that if you were able to exist then you must have some form of income to survive, therefore everybody has to pay at least the minimum including non Thai’s who stay more than 3 months.
This would make sense as so many Thai’s seam to work in the “grey market” street vendors, touts, prostitutes (female, male & the in-betweeners) and any other form of informal work where it would be impossible to accurately asses’ anybody’s real income.
As for expatriates who have to be making or receiving an income somehow, it is only fair they should contribute, what is the unfair issue is so many who are legitimate end up paying tax twice and others avoid paying anything.
This also means that any non Thai working in Thailand is assumed to be earning at least the minimum income (for witch many are not) that is many times higher than the average Thai income and therefore they are expected to pay tax based on this figure.
BB
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 1:40 am on July 9, 2005
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bkkfella
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Brief word of advice.....
Never use the term "tax avoidance".
Always say "tax planning"
May seem like this is unimportant, but if you and your lawyer ever tangle with the IRS or other tax authorities, it can mean the difference between them coming after you for tax collection or prosecuting you for tax fraud.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 7:01 am on July 15, 2005
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Bangkoksexydotcom
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Quote: from Basil Bush on 1:52 pm on July 9, 2005
I was under the impression (rightly or wrongly) that Thailand had some form of tax law that assumed that if you were able to exist then you must have some form of income to survive, therefore everybody has to pay at least the minimum including non Thai’s who stay more than 3 months.
This would make sense as so many Thai’s seam to work in the “grey market” street vendors, touts, prostitutes (female, male & the in-betweeners) and any other form of informal work where it would be impossible to accurately asses’ anybody’s real income.
As for expatriates who have to be making or receiving an income somehow, it is only fair they should contribute, what is the unfair issue is so many who are legitimate end up paying tax twice and others avoid paying anything.
This also means that any non Thai working in Thailand is assumed to be earning at least the minimum income (for witch many are not) that is many times higher than the average Thai income and therefore they are expected to pay tax based on this figure.
BB
Then you have to pay that for the money in YOUR country take the money over and then pay for it once more. Dont you think they TAX enough with dubbel pricing? But most people that goes her on holliday they do not stay longer then then 1 month at the time. Me I am retired at 29 so I am off there case about tax but people work pay lots of tax for it as well as fees./
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 9:50 am on July 15, 2005
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Bangkok Chang
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Quote: from Basil Bush on 3:18 pm on July 9, 2005
I was under the impression (rightly or wrongly) that Thailand had some form of tax law that assumed that if you were able to exist then you must have some form of income to survive
This is how it works.....
If you remain in Thailand for 181 days in a particular year then you fall subject to Thai taxation on any income you earn in Thailand, plus any income you derive from overseas sources and remit to Thailand.
In order to obtain a work permit you must be able to show a certain minimum income (either bht 60k or bht 70k per month, I can't recall offhand). So if you aren't here as a tourist or a retiree then you will need to show that amount of income and pay tax on it.
This is the Thai Revenue department website...enjoy.
http://www.rd.go.th/publish/6000.0.html
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Thai Girls : Meet Active Thai Girls
Posted on: 7:33 pm on Nov. 22, 2005
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LocalYokul
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Quote: from Bangkok Chang on 9:11 am on Nov. 23, 2005
to obtain a work permit you must be able to show a certain minimum income (either bht 60k or bht 70k per month, I can't recall offhand)
has nothing to do with a Work Permit, you can work for 30 or 40k a month and get a Work Permit. How do you think all those English teachers manage to get work permits ?, and yes, some of them do actually have work permits, and are still only making 30k or even less
I think the 60k amount you mean is what you need to show as income to get a Non-Imm. visa, and it's based on Nationality, Japanese have to show more income to get the visa
I saw the posting at Immigration last year for this, Indians, Pakis, Khmer, Lao, Vietnamese were the lowest income on the list, I think 10 or 15k, while Japanese were the highest, UK/USA and most of EU just below the JP rate
this is for marriage or business visa to my understanding and is independent income (i.e. retirement, investment payoff), so if you have a company sponsoring you, doesn't matter what they're paying you
it's when you get the visa on your own that you either need to show monthly/yearly income or cash in a Thai bank to get the visa
I know, because I did my own visa since 2001, not a company sponsored one, and no lawyers to help me, all on my own
thanks for the Rev. Dept. link, good one 
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Thai Women : Meet Matured Thai Women
Posted on: 8:06 pm on Nov. 22, 2005
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Mr Alan
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Many countries have tax treaties that effectively eliminate double taxation for most people. Here are some of the basic rules for US expatriates:
A full time resident abroad for a full calendar year, or who lives abroad for at least 330 days out of any consecutive 12-month period, can “exclude” up to $80,000 of earned income from Thailand from their U.S. income tax return. Earned income is paid to you for your own personal efforts and does not include rental income, dividends, interest, capital gains, etc.
Unearned income, such as rental payments, interest, dividends, and capital gains may be subject to taxation in Thailand, as already noted in other posts. For example, interest earned on a U.S. bank account by an American residing in Thailand will be taxable in Thailand when the funds are transferred to Thailand. However, when preparing the US tax return, a foreign tax credit (which is different than the income exclusion discussed above) can then be claimed against the U.S. tax assessed on the income that is equal to the tax that Thailand assesses on those same sources of income.
There are also some tax credits for persons who have more than $80,000 per year in earned income.
This effectively eliminates any dual taxation for most US taxpayers who live abroad.
The foreign income exclusion and foreign tax credit available to US citizens does not obviate the requirement to file a US tax return. Also, if US citizens reside in Thailand for more than 180 days, but less than 330 days, they “may” be subject to dual taxation.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 8:41 pm on Nov. 22, 2005
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