Answered7 months ago
What are the tax exemptions for remote workers under the LTR visa in Thailand?
Does anyone know about this visa (LTR) especially on the tax exemptions for a remote worker earning over the threshold ?
Answer summary
The LTR visa in Thailand provides significant tax benefits, including a 0% income tax rate on foreign income for eligible remote workers. However, there are strict requirements that often limit eligibility, such as needing to be employed by a publicly traded or a large private company with substantial revenues (at least USD 50 million over the past three years). Many expats find this visa beneficial but face challenges regarding corporate transparency and documentation requirements.
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Simant ********
Pretty hard to get because, at least for the remote worker, you need to have a public company. For a large private company, it's hard to ask your employer to disclose the finances. I am well above the income threshold but my venture backed series A company hasn't made 50 million in revenue in the last 3 years. So I'm unqualified lol. I wish they remove the company revenue requirement and base it on high income.
Mitchell ******
OP@Simant *******
yeah seems like the hurdle for me would be the transparency also
Sefton ********
@Mitchell *****
Yeah clearly they wanted this class to be for remote workers for large listed corps or other big enterprises. Thai mindset does love a mega corp. SME employers are going to be a lot harder to get in this one.
Tod *********
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@https://www.facebook********************
Benjamin *********
Its not for remote work. Its for rare skilled profile
Frank-Steven ***********
On the contrary even: Special 17% personal tax rate for Highly-Skilled Professionals working in-country.
Benjamin *********
@Frank-Steven **********
but its for very specific company, and asked by company. Its not like dtv a visa you can get by yourself. And company must have 150m$+ revenuesSefton ********
0% income tax on non domestic work..
The best visa there is IMO, its what I swapped my DTV for.
The best visa there is IMO, its what I swapped my DTV for.
Ian **********
@Sefton *******
I will be doing the same when my DTV runs out
Shawn *************
If you work for a private company they probably will not agree to submitting the required financial audit documentation as it's confidential. If it's a public it's straightforward as long as the company revenue and your salary both meet the requirements.
Mitchell ******
OP@Shawn ************
good point
Greg ********
Very good visa if you qualify. The 0% on foreign income is great as is the 17% flat earned in Thailand. I was on a 15% flat rate on a BOI Visa and WP. It makes a big difference. Our Thai staff were taxed at a higher rate than us.
Frank-Steven ***********
What exactly is your question? Yes foreign income is exempt from tax on the LTR. But the LTR comes with narrow requirements in the remote work category - as in you need to be directly employed for a publicly listed company (or a very big private one).
Mitchell ******
OP@Frank-Steven **********
interesting, thank you I’ll do some more researchJohn *******
What type of company you work for? What is the company’s annual profit? There are strict requirements related to this, if you want to apply this route. I was rejected because the company I worked for was neither private nor publicly traded, but did meet the income/profit requirements.
Mitchell ******
OP@John ******
I work in acquiring (banking), I will look into the financial requirements thanksJohn *******
@Mitchell *****
A private company with at least 3 years of operation and a combined revenue of at least USD 50 million over the past 3 yearsBenjamin *********
@Mitchell *****
company need to make 150m+ revenuesJohn *******
@Mitchell *****
the company I worked for had an annual revenue much higher than that, but was not classified as a private company, so didn’t qualify.Mitchell ******
OP@John ******
ok not too badActivity
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