With a retirement visa what are the tax implications for sending money to your thai bank account?
And is there a time factor involved that influences tax.
Also....is there a minimum amount of time i have to be in Thailand while I have a retirement visa?
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TLDR : Answer Summary
A retirement visa in Thailand does not inherently have tax implications for sending money to a Thai bank account. However, if you stay in Thailand for 180 days within a calendar year, you will be considered a tax resident. Whether you have to pay taxes depends on your assessable income and any applicable tax treaties, such as those with the USA. There is no minimum time required to remain in Thailand on a retirement visa.
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.
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United States has law regardless of 180 days or not that income is first taxed in tje United States. They just had a big article recently explaining the Pope tax obligation is to the United States first even though he is permanently living in the Vatican. American tax obligation is to the United States first
I've noticed very small amounts of tax taken over 13 years. The new tax rules are about to be rolled back by the Revenue department submitting draft new tax rules so no tax there either just come and enjoy
No minimum amount of time. Tax is nothing to do with your visa. If you spend 180 days in a calendar year inside Thailand you are a tax resident for that year. Whether or not you will actually need to pay tax will depend on what assessable income you transfer to Thailand that year, what allowances you can claim in Thailand and if you can claim a credit for tax already paid on that income via a Dual Tax Agreement
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