What are the latest tax residency rules for Retirement O visa holders in Thailand regarding monthly remittances?

Only taxable if a tax resident: physically present in Thailand more than 180 days between Jan and Dec of every fiscal year.

If you want legitimate advice,,,,, talk to a Thai Tax professional. They’ll usually do initial consultation no charge. Don’t take legal/tax advice on social media. You will be required to answer for your actions so do it right.

There will be another COUP DE’TAH soon enough, all this wont matter for squat.

I can hear the rattling of sabres as we speak.

I remit 1.8 million baht per year to support my family and community. Do you think the Thai government is against that.

Also l used a visa agent the first year and do everything myself know

If you are over 50 years old and you are thinking about retiring in Thailand. Currently it’s still 60 days non visa entry with an extension of 30 days( 90 days total )During that time period you love the country, rent a property and vehicle. Doing great and if your in a tourist area start your retirement visa the next day ( due to conveyance of location )Bank account in your name with matching Thai phone number linked the same bank account in your pocket and funds 800.000 baht after that it’s clear sailing. I use wise to transfer money from Australia to Thailand but in no way am l endorsing Wise

Who do you listen to the people that say in my opinion, or the people that said l just went through or going through this process?

Depends which country you are coming from. I could be wrong but everything I read is funds from Social Security are not taxed in Thailand if earned in USA. They are taxed there. This is on retirement visa with no other income.

They can not possibly make it any more confusing

I watched that presentation. Honestly the guy had little idea of Thailand taxation. If the 65k transfer comes from a savings account in another country it's savings, not income. I'm surprised Carl Turner didn't press him on that. Actually I'm not surprised

Nonsense.

1) Savings from years before becoming tax resident are never taxed.

So in order to make the 800k taxable it must have been earned (outside of Thailand!) in a year when you become or are tax resident.

That means you were 180 days or more in Thailand so you must have made 800k in less than half a year. PLUS enough income to live abroad during those six months.

I place a safe bet than less than 10% of all newcomers makes that much money in his last six months abroad.

The whole BS about the 800k ever becoming taxable income is a Friday evening fantasy of some Facebook users who couldn’t keep their liquor.

The only exception being those who sold their home or other investments just prior to moving to Thailand and made a generous profit on the sale (which is hardly taxed in many countries but fully taxed in Thailand.

2) The 65k monthly can originate from any source, either taxable or not taxable. There are plenty examples of monthly transfers from untaxable sources, such as savings or tax exempt income.

The immigration officer probably just wanted to share a thrilling novel or something…

More information in the Thailand tax rules group on Facebook, here:

Thailand Tax rules for expats

Tax laws have nothing to do with immigration so your "opinion " from someone at Imm is moot. It's a Revenue Dept thing. How do I assume this? ? My Thai wife is an accountant, tax certified, and External Auditor . Aus has a dta with Thailand. Any money you send to Thailand once that has been taxed already inOz isn't taxed again here.

The 800k is already in a Thai bank then that’s not income.

65k a month coming into Thailand is income. Makes perfect sense to me. Whether it’s taxable income depends on your situation.

Their documentation was clear that I had to fill in at the bank. It asked if I was still a tax citizen of my home country. Well the USA requires citizens anywhere in the world and no matter how long removed to file tax returns. I guess some of the other countries use that 180 day limit of being outside their country to say you are no longer a resident tax citizen. All USA citizens will remain tax citizens no matter how long they stay away from the US. After that question was answered that was it for me as I was not considered a resident tax payer for Thailand.

Seems like fake news. Immigration would have to learn rules and tax policies for hundreds of countries. This will never happen

Everyone comes from different countries and have different tax treaty with thailand.....I went to tax revenue office got myself a tax ID but after clarification I don't have to pay tax........actually we do have a choice to avoid tax.....stay less than 180days per financial year OR don't use the 65k method

I paid a small amount of tax in January because my money comes from Germany tax free, I can live with that.

Have with uk but I paid tax

I’m a Australian life time Army veteran that went directly from Army to retirement and Iive in Thailand. Thailand has a tax agreement with Australia so l pay zero taxes in Thailand.

If someone wants to be really sure, they could transfer the 800k thb in a calendar year when they are in Thailand 179 days or less.

I never planned to switch to 65k thb since I don't want to risk a monthly transfer not arriving on time etc. I keep a separate account for my daily spending and I don't bother with letting the balance drop below 800k. I try to keep my visa as simple as possible.

TiT…clear as mud

Got it