Do yo still have to deposit 65,000 every month for retirement o visa thanks
1,739
views
12
likes
63
all likes
33
replies
0
images
11
users
TLDR : Answer Summary
To qualify for a retirement visa in Thailand, particularly the NON-O visa, you do not necessarily need to deposit 65,000 baht every month. You can provide proof of a minimum income (such as embassy-verified income) or maintain 800,000 baht in a Thai bank account for at least two months prior to your first extension. For subsequent extensions, you need to show consistent monthly transfers from abroad, although some users suggest that income from pensions may not be taxed in Thailand due to DTA agreements with various countries. Recent banking policy changes at certain banks may also affect how long funds need to be held.
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.
Not for LTR Visa! Only 80 k proof of Yearly income!
John **********
Depends where you are in the process. If you apply for the Non-O based on retirement before you travel to Thailand you show funds in your UK bank. For your 1st extension you need to show 800k baht in a Thai bank 2 calendar months before applying for the extension. For subsequent extensions you can show transfers from overseas of a minimum of 65k baht each and every month for 12 full months prior to applying for the extension
just a PS to the above and so far, only applies to Bangkok Bank account holders:
Since July 1st, Bangkok Bank has implemented a new banking policy requiring account holders to maintain their funds for at least four months before the bank issues a letter of proof of funds necessary for various visa types.
yes there is you may want to check that i know a few retired visa holders thst limit what they bring in to avoid paying taxes. My income is tax free due to a treaty between US Government and thai Kingdom DTA treaty.
If an Americans income is the result of federal benifits Thailand doesn't tax it
In my case I am not paying Thai taxes because I am on a pensioner LTR. My only question was whether I still had to send in a tax form even though I wouldn’t owe any taxes. US citizens have to file a tax return whether they owe taxes or not. I don’t really know about the US government on this but California sent me an inquiry last year for not filing taxes since 2019.
I havent paid federal income taxes since 2020 while drawing 65k USD a year. My retirement is based off compensation from the VA its not pension. In the DTA guidelines thailand will not tax me either.
Marty *********
Yes, I can believe that. Veterans benefit are a whole separate topic I know nothing about.
I know the US has a tax agreement with Thailand that exempts taxation of Social Security and other federal pensions but doesn’t exempt other types of pension payments. Best to check the tax agreement your country has with Thailand.
I would assume they are not all the same. Last year I hired a tax firm in Thailand to file my US taxes and advise on my tax obligations in Thailand. So either read the DTA yourself or hire someone to do it for you . . . or not. I'm pretty sure many are just not filing anything.
You don't need to file anything when it comes to income from pensions. The Revenue Department is not going after retirees living on income from pension and imo they never will. Don't listen to scaremongers. Just relax.😎
you are giving bad advice if the income isnt covered under the DTA in thailand you are subject to their tax structure
Thailand Income Tax for Foreigners in Thailand | Siam Legal International
**************************************
If you are in thaialnd for a accumlitive of 180 days ( doesnt have to be consecutive ) you are subject to their tax no matter if you derive income locally in thailand or from foreign sources. Again thats if its not covered under the DTA
Most of my income is from non-federal pensions so it was an open question for me for my 2014 taxes. Everyone’s income and tax situation is different. Either seek professional help or not.
Only if you're trying to use proof of monthly transfers for your 2nd year retirement extension. Otherwise you can use embassy verified income (if your embassy provides this service) or proof of 800,000 baht in your Thank bank account for the required amount of time.
Any day is fine, as long as it shows as received within that month. Earlier is better though in case you experience some type of delay with your transfer, so it doesn't slip into the following month and ruin all your progress.
Reply to
Brandon ************
Reply
Jan ******************
Yes, unless you just don’t want to park 800K baht.
Reply to
Jan ******************
Reply
Thai Visa Advice and Everything Else
... members · 60% approval rate
The Thai Visa Advice And Everything Else group allows for a broad range of discussions on life in Thailand, beyond just visa inquiries.