I'm on no 0 retirement so no sure looking into LTR visa. I'm not sure you should work and live here more than 180 days. As far as I know you'd be liable for taxes. I'd be worried if you didn't have a work permit and you were rated on youight never be allowed back in the country. I'm sure other here would have more ideas. I'm over 50 but retired here early on my own income. Everybody has a different situation. Just be careful is all I'm saying

@John *******

I hope thats 150k thb a year not per month lol 😆

@Steve *********

I'm sorry I don't know to whom you are replying or to what you are referring too

@Tony *******

oh and can I also add if like me at the tender age of 56 but having lived here on a non o visa since the day I turned 51, I don't have a pension yet, I live off my savings. So this is not earned income in any sense. Great talking to you. You seem to have your head screwed on more than most I'd just like to point out

@Tony *******

totally agree our pattaya friends living in a 7k a month condo with a state pension probably don't have to worry. Although where they got the 800k in the first place is a mystery. I think as most lawyers agree - although it's very early days it's too early to assume anything; the thai govt just wants to increase its tax base. I don't think going after ferrangs unless they are millionaires living it up with a beach house in phuket is really what's going on. 🤔

@Tony *******

yes but the remittance based tax system is just like PAYG in the UK, Ireland most of Europe in fact. If you have and you should have signed what is called a CRS FACTA form in say the UK. Then you have allowed your bank to exchange information with a thai bank. That information however, is just a stepping stone in the exchange of information. As for income forgetting the 800k for now. 1 if you declare you're income and taxes paid in a foreign country to the revenue service in thailand its a no brainer. My tax rate is well over 56% in the UK so far and above the proposed 17% tax in thailand. So I will not be liable for thai taxes whether earned remitted or whatever in any given year. It's all about the OECD. Like America they'll tax you on all income no matter where you reside in the world. As I said only two things certain in life "death and taxes" - although paying income tax on your earnings throughout your life to pay into a pension fund that is then taxable I propose is preposterous.

I think we're confusing apples with oranges here. First the 800k will earn interest in a savings deposit and be liable for WHT in thailand. That's is a percentage of the interest not the entire interest - no where near it. So the 800k will attract interest minus WHT which will still leave a positive Interest amount on your 800k which will accrue over time. So you 800k will never go down or be depleted by tax. Income tax is something completely different. If you pay income tax on your earnings abroad or pensions abroad you will not be subject to thai income taxes in thailand. In fact as foreign taxes are generally a larger portion percentage wise than of the thai tax rate you are safe from thai taxes. The whole reason thailand wants to introduce taxes on foreigners (but mostly directed at thais with offshore earnings) Is that thailand wants to be part of the OECD. Countries of the OECD don't want their citizens having a free ride on taxes everywhere. Someone somewhere is going to tax you.

Yes any TT. Normally family run. Smaller spreads than banks.

@Brandon ***********

thank you I knew you'd clarify it

@Brandon ***********

I do believe the only way around the 800k requirement is to have your embassy here in thailand confirm your income in a formal letter. They'll need back statements etc, plus a host of other forms. I looked into it once admittedly a long time ago but my income far supercedes the 50k or whatever it is you need to prove you can stay here. Maybe you could confirm if that is still the case