Quote:
Originally Posted by nobodynobodybutyou
I agree. I'm thinking of setting up residence somewhere else (UK perhaps) then bringing in 30k a year to live and paying tax on that. In Thailand if you bring in 1m baht (roughly 30k USD) taxes amount to 10% / 100,000 baht, very reasonable.
I get it that you don't have to pay and nobody will ask. But I'm going to be applying for permanent residence in a few years and to do that you need to show your tax returns.
Asking around other countries threads in case there is a place I can live in SE Asia where the setup is less complicated but it doesn't look there is.
I've never met anyone paying taxes on their own money they just brought into Thailand, i.e just their savings, or poker winnings, etc. Are you sure it's even possible and how would you go about doing it?
I've heard the 'if you live in Thailand over 6 months a year you're a tax resident and must pay taxes' thing, but when I read into it further that only means for income derived from working in Thailand.
http://www.rd.go.th/publish/6045.0.html
The types of assessable income are listed there. All relates to income derived from Thailand. Something like online poker winnings, or your worldwide income, or savings, isn't on the list. If you don't work in Thailand how would you go about filing taxes, afaik you need a work permit.
Also you aren't eligible to apply for Thai permanent residency if your source of income is from overseas. You need to show a work permit and income generated in thailand for 3 consecutive years.