What are the tax implications of a retirement visa versus a marriage visa for expats in Thailand?

Aug 28, 2024
3 months ago
John *******
ORIGINAL POSTER
Currently planning on retiring to Thailand in about a year. I have the option of a retirement visa (67) or a marriage visa (married 24 years ago in Thailand). I’m in favour of the marriage visa due to lesser financial requirements.

My question is about tax implications for the original 400K deposit and the monthly 40K deposits. Same question about the retirement visa tax implications. Of course, this could (probably will), all change by the time I make my move. TIT
3,465
views
7
likes
117
all likes
55
replies
0
images
15
users
TLDR : Answer Summary
The post discusses the tax implications of retiring to Thailand with either a retirement visa (O-A) or a marriage visa for an expat planning to move within a year. While the original poster prefers the marriage visa due to lower financial requirements, comments clarify that neither visa provides tax advantages; staying in Thailand for more than 180 days establishes tax residency, necessitating a tax return if income exceeds certain thresholds. The conversation also touches on the complexities of both visa types, suggesting that the retirement visa might be simpler to obtain. Additionally, discussions highlight the importance of understanding the Double Taxation Agreement (DTA) between the expat's country of origin and Thailand regarding tax liabilities.
NON-O RETIREMENT VISA RESOURCES / SERVICES
  • Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
  • For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
  • Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
  • Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.
Robin ********
If the money has already been taxed at country of origin and that country has an agreement with Thailand, then no tax is due .
Chris *****
Travel out once or twice a year for a short vacation. Do not need to worry about resident tax. What’s all the hoohah about??? 🤷🏻‍♂️
Gregory ********
@Chris ****
6 months a year is not a short vacation🤪🤪🤪
John *******
ORIGINAL POSTER
@Chris ****
Leaving the country for 181 days is a bit more than a short vacation ;)
Chris *****
@John ******
😂 My mistake. I thought it must be a continuous 180 days or more per stay.
Christopher *************
@Chris ****
no not continuous , and people have not even bothered to check how much tax they might be liable for yet , paying would be cheaper than people doing a 6 month split year
John *******
ORIGINAL POSTER
Thanks all the replies I've looked up the UK-Thailand DTA. For any other UK citizens

************************************************************************************************************
*****
6953eb/uk-thailand-dtc
*****
1_-_in_force.pdf
Christopher *************
@John ******
yes and it is useless only military and public service pensions will get a tax credit all other pensions including the uk state pension is classed as assessable income
John *******
ORIGINAL POSTER
Not exactly plain English but if tax free in UK then tax free in Thailand (and the other way)
John *******
ORIGINAL POSTER
Article 6

Limitation of Relief

Where under any provision of this Convention income arising in one of the Contracting

States is relieved from tax in that Contracting State and, under the law in force in the

other Contracting State a person, in respect of the said income, is subject to tax by

reference to the amount thereof which is remitted to or received in that other

Contracting State and not by reference to the full amount thereof, then the relief to be

allowed under this Convention in the first-mentioned Contracting State shall apply only

to so much of the income as is remitted to or received in the other Contracting State
Dennis *********
All the BS about taxes is way overrated, and mostly uninformed people passing around the same fake rumors.
Christopher *************
@Dennis ********
it's not BS , it's those denying that the rules have changed that are the BS merchants , talk to any accountants and you will see ,
Wayne *****
@Dennis ********
💯 agree.
Gregory ********
Why are you qualified to make that statement—you look like a lost troll🤡🤡🤡🤡
Tim *********
@Dennis ********
The rest are people saying it's all BS and adding nothing to the discussion because they know nothing 🙄
Wayne *****
@Tim ********
they are adding to the discussion, they are telling people not to panic over shit that hasn't happened yet and not to listen to Facebook experts crap.
Tim *********
@Wayne ****
What "hasn't happened yet" is that any tax due is not reportable or payable until 2025. But the liability started on 1 January 2024. Many people listening to the "don't panic" head-in-the-sands mob, will not understand this. They could still make right or wrong decisions that affect their liability, if they don't know about it. So guys like you and Starkey add nothing, and provide a totally false sense of "don't panic, it'll be ok" 🙄
Christopher *************
@Tim ********
totally agree , so many bury their heads in the sand instead of listening to the facts, I have British run accountancy firm looking sfter my tax affairs and Jan 24 it changed, people don't need to panic just need to find out the facts and budget accordingly and provision for tax after they find out what they would need to pay.
Wayne *****
@Tim ********
Oh good comeback buddy 😅 Why don't you just live and let live instead of trying to satisfy your over inflated ego.
Dennis *********
you make a huge assumption that I know nothing.... What do you know exactly??? I've listended to 2 separate thai tax attorneys utubes, and i've also read the DTA agreement between US and Thailand.... have you read your DTA??? probably not. just spouting nonsense, as it's easy, because you need no facts to just post garbage. the 2 different Thai tax attorneys BOTH say exactly the same thing. if you stay 180 days " you are subject to Thai tax".... there's an ocean of difference between subject to tax, and actually being taxed... and they each go on to say that. Both says you have to read your countries DTA. There are around 86-87 different countries that each have their own DTA, and there are some differences. US and probably ALL say that pensions are EXEMPT. However there are over a dozen types of incomes covered. Most people do not own international companies, or internation airlines, or shipping/frieght companies however. So anyone from the 86-87 different DTA counties that are not very wealthy with huge amount of $$, they're not going to be taxed. Instead of just retyping gossip, please go read your DTA, watch the 2 utubes, actually listen to what they say.... just an idea. or just go ahead and keep taking nonsense. Just as an example, the US GVT states that ALL US citizens, no matter where they live, including overseas residents. "are subject to US tax" however around 35-40% pay no taxes due to being low income. Another percentage of wealthy pay little or no income tax, because the own large companies, and already pay a lot of OTHER taxes, and allowable expenses.
Tim *********
@Dennis ********
I've read my country's DTA. And I've contributed a number of posts here and in other relevant groups, giving facts and source material. I'm glad I prompted you to contribute something of value, which your first post was not
Dennis *********
@Tim ********
always great to read someones backwalking their comments BS
Gregory ********
Pay a agent—they dont even want touch marriage—real ball ache—do retirement no issues—13 k per year and they do financials
Anthony *********
@Gregory *******
I like to know the name of the agency. I think my overcharges. Thx
Gregory ********
@Anthony ********
sent you a dm
Gregory ********
@Anthony ********
welcome to dm me
Anthony *********
Michael ********
If you have not done 180 days in country this year. Transfer now.
Andrew ****
@Michael *******
what do you mean?
John *******
ORIGINAL POSTER
Good advice. Thanks
Tony ********
@Andrew ***
he means that if you know your moving next year (and will be tax resident next year), any money transfered this year to Thailand is not treated as assesable if this year you spent less than 180 days in Thailand.
Paul *******
If you have sufficient funds in the bank, then retirement visa is a much easir way than Marriage visa. Marriage visa requires many more hoops to jump through. Thai wife must accompany you when you apply at the immigration office and wait all day. You will need suitable photographs of you and wife at your home, immigration police will want to visit your home and meet neighbours to prove your marriage is real. If successful you will only get a one month pending extension until after the police visit.
Kim *********
@Paul ******
you call that many more hoops? Really 😅 just went through it - not a problem. And it didn't take all day - 1
***
hour.
Paul *******
@Kim ********
Waiting time depends on your Immigration office. I have had both marriage and retirement extions and from my exoerience retirement is much simpler and easy.
Joseph *******
@Paul ******
I agree, but there are two drawbacks to the retirement visa that I can think of: you cannot get a worker’s permit & you cannot accumulate time toward citizenship, if you’re so inclined to either.
John **********
Neither give you any tax advantages. If you are inside Thailand for 180 days or more you are a tax resident. In those years assessable income you bring in to Thailand requires you to file a tax return if its over 220k baht for a couple if filing jointly or 120k baht if filing alone
Wayne *****
@John *********
Here we go, all the self appointed Facebook Tax experts will have a field day with this. Can't wait to read all their bullshit.
Nick *******
@Wayne ****
funny from someone passing themselves off as an expert! 😂😂
Michael *******
its your personal choice if you choose to ignore and take your chances 😊
Michael *******
Many of us have take the time and trouble to consult experts on the matter in order to be better informed and protect our assets and family - it’s your personal chou
Christopher *************
@Wayne ****
it's not bullshit, stop burying your head in the sand because you don't like it
Bob **********
@John *********
nobody knows anything it’s all speculation yes 180 days makes you a tax resident however if your country has a tax treaty your not going to pay
John **********
@Bob *********
there's no need to speculate. The regulations are perfectly clear
Bob **********
@John *********
Well I’ve been here 15 years and never had to file a tax return,have you?
Michael *******
@Bob *********
introduced effective 2024 tax year, might explain why I have also been here many years and on
John **********
@Bob *********
things have changed this year
Wayne *****
@John *********
not yet they haven't. Stop feeding bullshit.
Todd *********
@Bob *********
unfortunately, that is not the way tax treaties work. The intent is generally to prevent dual taxation, but requires that you file in both countries and claim credits as paid in the other. Other factors may apply also
Bob **********
@Todd ********
file if you like
Todd *********
@Bob *********
I have LTR. You however, have a much bigger problem than I :)
Bob **********
@Todd ********
no problems for me been here 15 years
Todd *********
@Bob *********
all quite irrelevant considering the announcement of new enforcement of taxation laws commencing 1 Jan 2024. Best of luck .
Bob **********
@Todd ********
No tax laws have changed only a loophole that allowed people to earn outside of Thailand,keep the money out for a full year and bring it back tax free that’s gone away
Todd *********
@Bob *********
i don't see anyone suggesting tax laws have changed here. What has changed, is enforcement. And the means of enforcement (whenever that arrives) will be same as other countries with a Tax ID number that will likely become a requirement of your long term visa/extension of stay. And yes, in theory, they plan is to enforce the rule you mention as it has not been done in the past. Monies remitted into Thailand would be subject to tax regardless of whether earned in previous years or not. I see many problems for them in enforcement going forward, and i certainly would not be concerned. BUT, the technology is clearly here now to allow them to track the American govt enthusiasm to track tax cheaters seems to be behind this somewhat global shift in taxation enforcement
Bob **********
@Todd ********
I’ve heard all that I’ve heard a lot of other things that never happened it’ll take years for the Thai government to get enough agents to collect from the Thais I’m all good not worried
Thai Visa Advice and Everything Else
... members · 60% approval rate
The Thai Visa Advice And Everything Else group allows for a broad range of discussions on life in Thailand, beyond just visa inquiries.
Join the Group
Thai Visa Advice and Everything Else
View the Conversation
Thai Visa Advice and Everything Else