Is US Social Security taxed in Thailand, and do I need to show 800k or 65k monthly income for a Non-O visa?

@Tank ****

2 years there was not any tax. The law became effective Jan 1 2024

@Bob *********

it hasn't gone anywhere. Don't get ahead of any announcement that might or might come and might or might not contain what you think it will

@Jack *******

insults are the last refuge of the dimwitted.

@Erick *******

you’re the clown if you used an agent.

@Wayne *******

if you have a social security account, they will provide you with a letter of income. It took a while for me to figure it out. Thai immigration accepted the letter and it is easily updated.

@Wayne *******

I think they are just lazy. They should be able to check with SS if they want to.

@William **********

this is correct statement. Also can be taxed in other countries if they don't have agreement with US government. Thailand does therefore you don't pay tax on US SS in Thailand at least.

@Bruce ****************

not related in any way

@Jack **********

This kind of misinformation is the reason one must be careful asking in FB. Asking AI is a little bit better in many cases.

@Jack **********

US Social Security is not taxed in Thailand, as per the dta between Thailand and USA.

Thailand Tax rules for expats

@Jack **********

show us where US social security is taxed for a single individual with no other income and no spouse with income .

@Jack **********

what’s the tax rate?

@Mike ********

you don't understand the difference between tax residency and tax liability. You never lose your liability for taxes in USA even if you are a tax resident in one or more other countries. You are wrong.

@Tony *********

That’s actually 6 July. 😉

Now about the 800k being taxable:

Let’s be realistic. It’s taxable when it’s foreign taxable income in your first year in Thailand *and* you transfer it into Thailand, right?

If earned in a year before becoming tax resident it’s qualified as savings, or “unspent prior income” and prior income is not taxed, no matter when you transmit it into Thailand.

Now, having 0baht income in USA in a year when you are at least 180 days in Thailand, and that money must be here at least 5 months, that means you were able to save 800k in six or seven months while still having to pay for food, housing, etc during the months that you remained in your home country.

Again, realistically spoken only a happy few, small percentage, of expats coming to Thailand is able to save 800k in six months from their foreign income while living abroad.

The chance that someone needs to pay tax on the 800k is really small. And in all honesty, those who have such income that they can save that kind of money in six months or less (almost usd 25,000) should not complain about contributing to the society. 😉

The exception is made for those who sell investments or property (e.g. foreign home) right before coming to Thailand. I was in that group myself and I ensured that I remained under 180 days in that year.

Thailand Tax rules for expats

@Mike ********

You are sadly mistaken. As soon as you pass the limit of being 180 days within a calendar year in Thailand you are automatically Thai tax resident.

You could be tax resident in another country as well, but definitely a Thai tax resident.

That does not imply that you have to pay tax. A tax liability is based on entirely different criteria.

But again: 180 days in Thailand makes you tax resident.

@Tony *********

not true at all. He would never lose his USA residency for tax purposes even if he stayed away from 10 years. Unless he is making money in Thailand which he can’t do on a Non-Immigrant visa he is not a tax resident of Thailand. I guess you haven’t done the paperwork with your Thai bank yet as you would know this once you do that paperwork.