But i am checking the news that LTR visa is getting easy.
Does anyone know if we get LTR visa straight for 10 years or its renewable after 5 years?
And for DTV there is no taxes.
But for do we have taxes?
Trying to find out if LTR is better then DTV.
So please suggest and give your inputs ๐๐
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TLDR : Answer Summary
The post discusses the differences between the DTV and the newly introduced LTR visa in Thailand. The LTR visa is granted as a 5-year stamp that needs re-verification after 5 years, while the DTV visa has no tax obligations. Commenters clarify that tax obligations depend on residency status; DTV holders may face taxes on overseas income if they become tax residents, whereas LTR holders are generally not liable for this unless specified.
On the DTV you are liable for Thai tax on any overseas income you bring into the country in a year where you are a tax resident. On the LTR you are not. But as I understand it only the Wealthy Global Citizen LTR has changed
Benjamin *********
Tax obligations depend on residency status, not visa status.
Thailand has a Long-Term Resident visa (LTR Visa) program that commenced from 1 September 2022. The program provides a range of tax and non-tax benefits to attract 'high-potential' foreigners. One tax benefit an LTR visa holder receive is an income tax exemption under Royal Decree No 743 issued under the Revenue Code.
thai taxes are based on length of time in country I.e. over 180 days and then all about what you remit into the country and whether the money you bring in is assessable.
, when you become a tax resident of a country, any money you bring into that country can be subject to tax regardless of how you brought it in.
Since you would leave and then return to Thailand each time with enough money to live and survive for six months at a time, that cash would need to be declared to customs each and every time you entered the country. So it wouldn't go unnoticed either.
you wrote that you do not remit in Thai baht. You remit money to Thailand. That is in principle taxable! Doesn't matter if it is Thai baht or another currency!
you must bring money into thailand to pay for rent or hotel and food and transport? If you bring cash from your own country or Vietnam to use to live in thailand that is classed as bringing money into thailand and may be assessable
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Graeme ******
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Brandon ************
LTR is received as a 5 year stamp that must be re-verified after 5 years.
The LTR is not "getting easy."
They changed a couple of requirements for some categories that never made sense to begin with, but the vast majority of the requirements are still there. If you are interested in LTR then check the LTR website, and contact the BOI with any questions because they are the ones who process all applications and make all decisions.
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Brandon ************
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