Very premature here but …anyone have an idea of the long term implications of retirement in Thailand re the ever changing tax situation? It’ll be regarding over 50 retirement visa etc . Cheers

Hello,

I have a few questions regarding the bank statement to prove the 500k THB, although I scrolled the group posts by searching, I couldn't find something similar to my situation (apologized if my questions were actually already answered):

1. I'm a French citizen, with Permanent Residency in Taiwan. I have worked in Taiwan for 6 years, so I can show my salary slip until June 2024.

2. I recently started a new job. It's a consultant contract, with a Singaporean company, starting from July 2024 to December 2024. Same here I can show my contract and my invoices for July+August payment.

3. The thing is, I made few big operations with my Taiwanese bank account so currently my Taiwanese account doesn't have 500k THB.

4. However, in France we have a family shared account, (I have the power of attorney for this account but it's not under my name, my parents'), where we do have more than 500k THB.

Questions:

1. Would you advise to transfer money from the family account to my own personal account? Or a statement proving that I have the power of attorney would be enough?

2. If I do need to transfer on an account under my name: Is transferring to my French bank account would do, or is it better to transfer directly to my Taiwanese account, which I used daily for the past 6 years (I received all my salary on this account)?

3. I understand that each embassy/office have different rules regarding the period we have those 500k THB in the account.

Let's say I do the necessary transfers next week, would you recommend Taipei or Vientiane? I have family in both cities so its convenient for me to stay there few days, hence those two options..

Thank you in advance for your answers!

Important heads up for DTV holder who are resident in Thailand for 180 days. You mut complete PND94. The Half-Year Tax Filing Deadline is Fast Approaching... Do You Need to File a PND94?

This only applies to certain types of income:

Those with Thai rental income.

Those who have been in Thailand for 180 days or more and have remitted (transferred) overseas rental property income to Thailand.

Other situations that may require filing include:

Working as an individual contractor.

Income from a liberal profession.

Running a business, commerce, agriculture, or transport.

I know this is not a tax profession site, but if on an OA retirement visa, how do taxes on my US pension work? Tips? Experience? TIA

Hi all,

Is there any clarity on the tax situation yet?

We want to go for the retirement visa (or LTV), but do you have to pay tax in Thailand over your worldwide income, your money in your bank account (Wise in my case) or whatever you put in your Thai bankaccount?

Do you also pay tax over the 800k that you have in your Thai bank account for securing the visa? If so, once or every year?

Hello, hypothetical question here.

I am in Thailand with a visa extension based on marriage. I am also working, and using my salary to cover the financial requirements of the visa extension each year.

If I were to leave the country and start working in another country, but come back to Thailand regularly for holidays, would I be able to keep extending my marriage visa every year using my foreign income to cover the financial requirements? Or is there some requirement that you stay in the country for a certain amount of time each year?

On the whole taxes deal starting in 2024...

theoretically...

What if someone kept the 800,000 in the bank from 2023 (before taxes) and lived just on ATM debit withdrawals mostly.

Wouldn't that really reduce the tax exposure? And also just had the absolute minimum needed for survival coming into the bank.

For me I want to keep putting in 65,000 a month - just so I can eventually get the 800,000 back after a year.

But I wondered if this was another option.

Question - I have started the Non Immigration O Retirement Visa which requires 800k Baht in your bank which I have, I want to convert this to 67,000 Baht per month overseas income which I have to have a 12 month history so I can convert to this in 12 months. My question is do I have to keep the 800k Baht in the bank for the next 12 months while the 67,000 Baht come in to qualify? Hope this makes sense?

I was in my local immigration sorting out my marriage visa using the 400k method. I asked about the requirements for using the monthly money transferedmethod for next year. I was told the following. I need to get an official letter from my pension department and uk bank as proof that my pension is legitimate. I was also told that only my pension would be considered for the money and not earnings from property rental that I also have. Has anyone else been told these requirements and that only my pension will be considered when bringing monies across. TIA