How do taxes on a US pension work for expats on an OA retirement visa in Thailand?

We have a new Facebook group about the tax rules for expats. Make sure you do proper planning long before moving to Thailand!

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Govt should say only those who make over $500k US per year must report. Everyone else no hassle and no reporting. Otherwise this is a huge hassle for most people and simply a make work project for the accounting industry.

If they need retirees to contribute to tax base just make it a flat fee of 300 us per year and no hassle and no witch hunt.

It depends a lot on whether you're dating the girl in your picture or if you're just "haning out."

Check out a professional website for accurate information. I recommend

And this is why you shouldn’t ask such questions on Facebook. Better off watching YouTube videos! 😂🤣

So much guesswork, and much of it said with great conviction! The Thai Revenue site has some good information for foreigners. If you stay 180+ days in a year (even in more than one visit) you are a resident for tax purposes and must submit a tax return. You must declare all money brought into Thailand, for assessment of tax liability. Your Thai tax liability is mitigated by a sliding scale of allowances. You can also deduct tax paid in the country the money originated from, subject to the specific details of the DTA between Thailand and that country.

All this is already in Thai law, and every resident will need to submit a tax return on their 2024 income imports. The Thai government is still considering a recommendation from the Revenue that all worldwide income should be assessable for tax, but this is not currently the law

classified as foreign​ sourced income --> Not taxable if brought into​ Thailand​ IF you earned it in the year​ you are not tax resident​ of Thailand

This is under​ the domestic laws.

For accurate information, consult a competent CPA.

@Bigd *********

depends on your tax residency whether taxed in US or Thailand you'll pay tax. Really get professional advice.

All income brought into Thailand generally will be subject to income tax in Thailand, if you become a tax resident by staying in Thailand for more than 180 days per calendar / tax year. Having said that, that does not automatically lead to you having to pay taxes on your pension. A tax treaty between the two countries might prevent that by making sure you don’t have to pay (full) tax on incomes that was already taxed, twice. If that applied for US-Thailand I cannot say.

Pensioners are not taxed in Thailand.