@Terrence **********

you will be fine provided you don't have an extensive history of doing this..

I would wait until this latest crack down has settled and there is clarity

Pretty sure they will frown upon WW 2 tank 🤣🤣

@Brandon ***********

😉... It's all to do with taxes and CRS, the scammers getting shut down is a consequence and bonus 👍

I would expect the next step will be they will ask existing account holders to supply tax numbers of the jurisdictions they fall under 👍

@Andy ***********

no one has mentioned tax on worldwide income...

I mentioned income remitted to Thailand, not the same thing...

If you remit untaxed income to Thailand you are liable for income tax in Thailand as a Thai tax resident except under very specific defined circumstances

Eg a UK civil servant would not pay tax in Thailand on his civil service pension as that is specfically mentioned in the UK DTA as an exclusion 👍

@Andy ***********

never said it does..

What changes is your tax jurisdiction on income ..

As you fall under multiple jurisdictions and you have to comply under all the jurisdiction.. In Thailand as a Thai tax resident.. Thai tax law takes presedence over Aussie tax law on any income remitted to Thailand

Its really is that simple..

Jurisdiction 1 = earn income and taxed remit to jurisdiction 2.. You are typically clearly of tax liability in Jurisdiction 2 by virtue of a DTA etc

Jurisdiction 1 income no tax paid remitted to jurisdiction 2 typically liable for tax, and jurisdiction 2. can legally require you to prove your tax paid on remitted income 👍

@Andy ***********

it doesn't matter... You are under multiple tax jurisdictions now....

No under the reinterpretation of the tax rule involving remittance of income and to Thailand which came into effect on 1st of Jan 2024, any income remitted to Thailand now falls under Thai jurisdiction..

Ergo if you paid tax on money remitted to Thailand in say Aussie .. No problem..

If you remit untaxed income into Thailand it's under Thai tax law..Aussie tax jurisdiction is irrelevant in this case..

Whether you earn the income in Thailand or not is irrelevant if you are Thai tax resident under the new interpretation of the rule mentioned above

@Dave ****

exactly you are classed as a high risk account under the KYC as you say

@Andy ***********

it does if you remit income to Thailand and are Thai tax resident which happens after 180 days in country..

Then the tax residency shifts from Aussie to Thai jurisdiction and in line with the DTA, ie if you paid tax in Aussie on income.. Remitted to Thailand, you will be good..

Remit untaxed money from Aussie to Thailand.. Then you are under Thai jurisdiction and liable for tax in Thailand on that untaxed income