wellington said:
Crypto Related ? -> Advcash which is Union Card (currently non-working) which is a white-lable card issued by a US card processor to NiBank.com and then issued under Advcah branding.
Non-Crypto Related? -> Nibank.com, Bank of China, Various Malaysian/Singapore Banks.
In all the years i've dealt with the Thai banking system, I've never experienced issues.
Having said that, today there's so many digital scams and even automated reporting is occurring.
Unfortunately a lot of people are needlessly caught up in that, and the criminals are outside of it, for example i know of a house not far away up the road, that is worth about 200mb and has stunning sea-views, inside said house is a room, it's full to the brim with cash.
The cash comes from tours from China where the plebs are given a stack of cash up to the 10k limit, and then when they arrive (their trip is paid for) they hand over the cash (tours) the funds are then converted in to THB (or SGD, etc wherever these operations exist) and slowly invested into the local economies... capital control(s) violations, laundering etc.
However like a well oiled machines... compared to the days where money used to be airdropped over the border(s) lol.
Likewise as mentioned today/yesterday here or elsewhere on the forum, there are indians trying to offload this said cash (working in conjunction with the Chinese) who got spooked in the Anti-Chinese-Grey-Market-Money-Influx to move these funds from Cash into USDT and move it elsewhere.
However they go un-noticed and are on-going, meanwhile the chap that has a small business overseas or transfers a small amount of money is now processed by AMOL and reporting/SARS.
etc.
Never used apple pay so can't comment (think its more an American thing). Would keep phone IMEI separate from finances etc...
But will say never had issues with the QR... sometimes slow... otherwise convenient - too convenient.
I got a TIN 10 yrs ago... just give that if asked for anything offshore as its reported but not taxed.
UK equivalent (NI number) is irrelevant because UK Citizens do not pay tax when living overseas and have low or zero touchpoints with the UK and no income from or via the UK.
Also don't touch pounds as my financial advisor years ago suggested such.
**NOTE TRC**
I'd imagine it was hard to achieve this previously unless you had a TIN and paid some tax....
In future you likely will have a TIN and pay some tax... therefore should easily get this in the future 2024 onwards.
What will be interesting is if you can add income/dividends overseas on the form (as un-taxable) but 'get them into the system' so later you have a clean clear bill of source of wealth and tax history for said funds.
This is the current issue with HK PR people that can't show how/when they earned said funds except bank statements because 0% tax income is tax free and non-reportable.
Same applies to those previously earning money in Dubai (not sure about now) or other tax havens (an area i had contention).
Click to expand...
