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Chris ************
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Chris ************
@Bob *********
they have the right to do so, but have so far refrained from doing so.

Furthermore, foreign income that was generated in the previous year is tax-free.

So as long as you don't live on your income monthly, but annually with a time lag, only territorial tax applies.
Chris ************
@Todd ********
thx for the answer. It may be different with an LTR for purpose of working from Thailand (remote work)...

i guess, yours is for retirement?
Chris ************
@Todd ********
do you know, when is it the case at LTR

that you get 5 years and have to extend one time for the next five years

and actually you got the 10 years stamp?
Chris ************
@Brandon ***********
i talked about remote, meaning the "working from thailand" category.

Can work remote taxfree, take jobs also from/for thai companies, but need for each company a different work permit.

Was my friend and his lawyer told from BOI just now being in the process...
Chris ************
@Frank-Steven **********
@Brandon ***********
the LTR for purpose of remote work get a work permit if also working for a local Thai Company.

Taxed with 17% then. Taxfree only for foreign income.

How that could create an entitlement for a later residence... don't know yet.