I think we’ve gotten past specific visas…the fact is that if u spend 180 days out of a calendar year in Thailand then there is a concern about tax burden….for countries that have an articulated tax treaty w Thailand the burden may be reduced but the specifics there remain ambiguous to me…the idea that people get double taxed isn’t unique…American citizens for instance pay taxes on the nation that they earn income in and then they pay it again to America if it goes above a relatively low threshold amount
retirement visas are basically free, they just require 800k seasoned in a Thai bank…if that 800k will now be taxed as income then the retirement visa will likely be more expensive …if that seasoned money is not taxed then the dtv is more expensive…either way, neither of those visas are expensive if there’s no tax burden associated with the money
great info, thanks…selfish question, does the USA have this tax agreement? We certainly have to pay USA taxes on money we make here above a threshold number
I’m not sure either…I haven’t read the tax code but that’s the number I’ve heard so could be nonsense…as an employee in Thailand on 6 figures per month I never paid more than 12% or so
right…I guess my concern for all visa holders is that when it’s time for an extension and one has spent more than 180 days in country we’ll have to submit documents evidencing tax payment in order to extend