I have two questions to ask for advice.
Firstly, instead of making the THB800,000 deposit, can I have a combination of a smaller deposit and money coming into my account every month, or do I need both?
Secondly, is the money currently being deposited into your account on a monthly basis being taxed 10% yet as I have read previously,?
I have asked both of these questions to immigration agents and received no reply.
FYI. The monthly amount is in the form of a retirement fund and has already been taxed twice by my Government, I'm not wanting to get it taxed a third time.
TLDR : Answer Summary
The user inquires if a combination of a smaller bank deposit and monthly income can satisfy the requirements for a Thai retirement visa, and whether the monthly income would be subject to a 10% tax. Responses indicate that the initial requirement for a non-O visa typically mandates an 800,000 THB deposit, although some offices might accept a combination for subsequent extensions. However, there seems to be a misunderstanding regarding the taxation of retirement income, as replies clarify that generally there is no tax on foreign retirement income unless specific conditions apply.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.