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Sorry have to disagree here, there is no "international obligation" to tax your tax subjects. It is neither tax evasion nor money laundering if you are a tax resident of Thailand and pay no taxes because TH does not want to tax it. Same as in the UK, CH, PH, etc. Why should it be illegal to avoid taxation on money transfer? There is a legal exception being the LTR Visa, nothing illegal there.

Really good news!

IMHO not taxable however if Thai TD does not accept your "prove" you may have a problem, same applies if you receive a 100K USD "gift" from your brother, parents etc.

There are several types of LTR where you do not need 80K passive income.

If you think there will be no problems from a tax audit you have no experience whatsoever of a tax audit. All tax audits I was part of (professionally and personal) were a big surprise show where usually the parts I thought were tricky went without any problems but in other areas they "invented" problems.

The only reason I can think if that they only issued 5500 LTR visa and were hoping for a lot more.

1 M. USD needed for some of the LTR visa + 2 years 80K passive income is not middleclass according to the usual definitions neither in TH nor in the west. I do not see any reason to opt for an elite visa over a LTR visa.

Thanks for the update and corrections. I am not in this topic so I thought it was helpful and up to date. If one can chose per year Lifo or Fifo that would be great. At least they are familiar with the different accounting mechanisms on the higher echolons of TRD.

Great post! Thanks! This is the stuff and info we need!

This is an interesting question. It cannot hold true according to my western logic as it would imply once you have filled a TH tax return you would have to file until your death or until you are no longer a thai tax resident.

Interesting, so maybe we should stop using a thai credit card for grab usage.

Fully agree! However it is beyond me why they cut the price of LTR https://www.thaiembassy.com/thailand-visa/thailand-long-term-resident-ltr-visa

Remember you can (maybe) never comeback to Thailand. In addition if you have an unforseen stop over in TH somewhere in the future you may be in trouble. I would rather ensure that you receive "gifts" in 2024. But up to you and yes the risk may be minimal.

If you think this issue is solved you are sadly mistaken as the whole amount of problems will start to surface in March 2025. Thai RD will not put anything clear out as that would involve hundreds of pages which translates to work and possible loss of face. TRD is quite happy with the opaqueness for a variety of reasons.

All the banks that I know of are compliant once they are provided with the correct information from the OECD. Did you provide the OECD information? There are a lot people in the compliance department who do not have a clue and just stick to the usual process. Any bank can close the account if they wish to without any specific reason. Nothing you can do if the bank does not want to have foreign residence customers.