What are the tax implications for US citizens with the 800,000 THB requirement in Thailand?

I got the following from Gemini

The "$11k" Thai Exemption for Age 65+

​The "$11k" figure you are referring to is not a US exemption, but rather the approximate US dollar equivalent of the combined tax-free thresholds under Thai domestic tax law for senior citizens.

The Senior Exemption: Taxpayers who are 65 years of age or older receive an additional exemption of 190,000 THB.

Put it in the bank in the second half of the tax year so you haven't spent 180 days in that taxable year.

Contact American International Tax Advisors, AITA.com. They handle all my tax filing since I have been retired.

As a US citizen you are absolutely NOT taxed as both countries have a no dual taxation treaty.

ONLY money earned inside of Thailand will be subject to tax in Thailand.

Hope that helps

You will pay VAT at the rate of 7% on most things you spend money on. But it applies to everyone. It has nothing to do with any deposit you hold in a bank, or with your visa status.

Do you mean 20% of the measly interest you get?

This matter is more complex than a one-liner. Sure, if you put 800k THB in a Thai bank account you remitted that money during that tax year. But whether you are taxable during that tax year depends on the length of your stay in that year being more than 180 days. That money being taxable also depends on what its source is (e.g. foreign income: yes - saving from previous times: no). Then, the amount actually taxed would come with tax allowance thresholds. Tax rates are also progressive, i.e. if 800k would be your only taxable foreign income, the effective tax rate would not be 20-25%. Generally speaking, whatever money you remit into (bring into) Thailand in a year that you are taxable (spending more than 180 days), might be taxable, yes. But that depends on the source of that money and meeting certain thresholds. To make things even more complex, Double Tax Agreements (DTA) also play into this - but might maybe also work in your favor when it comes to pension money.

You need to read information not misinformation

Where are you reading the conflicting information?

Read WHERE? I've never read, heard of, or seen such a thing. It's a non-issue.