What is the procedure for moving ฿800k for a retirement visa in Thailand and how does it impact my visa renewal?

some one interpret as below:

those people

from countries which have

a double tax agreement

with Thailand could still need to pay new

tax in Thailand,

double tax means that you

will receive tax credit for

taxes paid outside of

Thailand. So, if you are

assed as having to pay

usd200 in USA and usd300

in Thailand, In Thailand you

would pay 300-200=100

dollars in Thailand.

anyway the risk is that one still likely to fill a tax report form with income and asset and let authority decide which is taxable and which be exempt. Filling the form could be a tedious process, depending on how it is designed, and whether there is english translation, or chinese? if not, hopefully no.need to seek professional help. And how can one prove whether the remitted income already taxed in other jurisdiction?(for example you have multiple income sources, and some sources already taxed but some exempted due to different tax law in another country )

does double tax exemption imply blanket tax exemption without need for exemption on an item by item basis (income source item/category) or need comparison of individual category, eg investment income, rental collected or simply pensions

there may be impact of the new thai overseas tax rule on moving money into thailand, like remitting b

I am interested in information on this too. I will return in October and I feel stupid for leaving my B400k in a Thai bank earning 0% interest.

Would love to know what higher interest bearing fixed deposit account you found? Which bank? Thanks

Transfer half first so that you have at least 400k in your original account until the other 400k arrives at your new account then transfer the rest. Doing it this way ensures you have at least 400k in a Thai bank account at all times to meet the Extension requirements.

@Brook *******

You will need to keep the 800K in the bank account you used to get the retirement extension.

THERE IS NO WAY AROUND IT

You are NOT allowed to move it, if you do, Immigration will revoke your Extension of Stay Permit and you will be in overstay beginning from this day

After being issued the Extension, the 800K must remain in this account for 3 more months, and shall never go under this amount

For the rest of the year, a minimum of 400,000 THB need to remain sitting in the account

Then again, two months before the next application, 800K need to be seasoned for 2 months on the day of application

You are NOT allowed to move it to another account

You COULD ask your Immigration if they accept that you move the 800K into a fixed deposit account, but I HIGHLY doubt they will accept it

Interest on bank deposits in Thailand?

I believe the money has to be in an account that is immediately available (liquid). So anything that has any delay would not be acceptable. Should just consider it dead money and move on.

The 800k is the government's way of ensuring the likelihood of you getting public assistance (ie hospital bills) is extremely low.