Im over 55 and looking to retire in Jomtiem. My only income will be my savings in Australia and not enough to be taxed in OZ.

My question is will savings be considered earnings and then be taxed in Thailand?

New tax rules for expats living in Thailand.

I'd like some correct advice regarding the new tax rules implemented from Jan 1st 2024.

I believe if you spend more than 180 days in any one year in Thailand, any money you have transferred or deposit into your Thai bank account is classed as taxable income.? Also, if you have a Thai bank account and transfer, or deposit monies into it, in any one year, but do NOT spend more than 179 days in Thailand, that money is not taxable. Also if you deposit monies into your account in a year that you don't spend more than 180 days in Thailand, but the next year you stay the full year, does the money that you deposited the previous year, then become taxable? I have read that if you have income of 150,000 baht a year, this is not taxable, but if you have say 400,000baht a year income, do you pay tax on all of it, or is 150,000 baht tax threshold and anything above that you pay tax on, for example 400,000 - 150,000 = 250,000, is that the amount you would be liable to pay tax on.

Any advice greatly appreciated.

Hi, does the 5 year Elite visa allow you to bring in your container of personal effects and furniture import tax free ?? If not, why would anyone buy an elite visa ?

We concluded if we go on a retirenent visa, we cannot bring a 20 ft container of our stuff because its now v likely to trigger a large import and vat bill....they talking 30 pc to 200 pc of CIF value, crazy, so that is pretty pointless...