Martyp

Here is the BOI link to the presentations https://ltr.boi.go.th/page/news.html?ldtag_cl=LfNsRBzdTM-NQyv8LklEXgAA_oa&lt_r=004&srclt=oa&_ly_c=2df36c44-1cdd-4ccf-8d43-2bfc2e49445e&_ly_r=004&_ly_src=oa

I am in the process of doing this. In addition to checking the US embassy website you need to get the list of requirements from the Amphur District Office. This list may vary from office to office. Here is the list from the Bang Rak office in Bangkok. Once you have the documents you will need to book an appointment which may be a couple of months later.

After I got my LTR I saw people post experiences like this. That is why I specifically asked them this question. However, it may depend on what time of the year you apply and how far away from your last tax return. It may also depend on the source of your passive income. My income is one work pension. If you have more complicated passive income sources then they may want to look at more documents.

I have Thai insurance and with each renewal I get a health insurance certificate. That is what I submitted last time and what I will submit at the 5 year mark.

The BOI said that the presentations would be posted on their site. I haven't checked myself.

This question about the timing of the income must have come up 4x and I remember one of the questioners mentioning interpretation of the Royal Decree. The answer kept come back the same. You don't pay tax or file a return. My tax advisor also told be that I don't have to file a return. All I can do is tell you what this guy from the Revenue Department said. I also gave everyone his name.

I asked them specifically about the 5th year extension. They replied that we submit 1 year of tax returns or bank statements.

I renewed my drivers license last year at the Bangkok, Bang Chak DLT office. I got my certificate of residency from the Immigration office in One Bangkok. I arrived at 11:45 and they told me to pick it up after lunch, which I did. I was surprised at the 1 hour turnaround. I'm not sure if it was because I have an LTR visa or just a general policy with Immigration. My last certificate of residency was from the US embassy. I think I was about the last person to get one from the embassy before they discontinued that service.

Search for LTR x Smart Visa TH or try this

Do what you like. My pension income continues and I will keep the only insurance I have.

I just asked the BOI how many years of tax returns do I need to submit to verify my passive income for the 5 year extension. Their answer: “Under the current criteria for the Wealthy Pensioner category, we only require one year of passive income evidence. This means you only need to provide your tax return from the previous year.” This is the same as when I originally applied in October, 2022.

The only difference from the 5 year extension will be paying the 50,000฿ fee again. However, it was a bit ridiculous for people to insist that nothing change forevermore and that they pass another royal decree to that effect. I was beginning to roll my eyes at some of the questions.

When I originally applied in October 2022 I was only asked for one year of my tax return. Later I saw comments from people saying they requested 2 years. I am not expecting them to ask for more than this but I will ask. They suggested we connect with them on LINE to ask questions.

Read my comment above. The tax question was clearly answered.

BOI LTR community meeting Wealthy Pensioner LTR tax obligation - we do not have to file a tax return for any money remitted to Thailand. There are no time restrictions on the money. You could have earned it 5 years ago or yesterday. From the powerpoint slide - “If the LTR Visa holder has no domestic-sourced income apart from foreign-sourced income remitted into Thailand, no Personal Income Tax return filing is required.” This question was asked and answered the same about 5x 5 Year Extension - there will be a 5 month window to extend the visa. 3 months before and 2 months after. Wealthy Pensioner LTR extension - Financial requirements are the same at five years. I don’t know if they want tax returns/bank statements back 1, 2, or more years. I have to contact them on that question. The presenter on tax issues was Kasapon Singprasertate Windows Senior Tax Economist The Revenue Department, Thailand