trade stocks on retirement visa

[SCOTT FITZGERSLD]

say i have 100,000 USD in a bank account outside thailand,

and i stay in thailand for few years on retirement visa,

and stil trade or invest in that bank account outside thailand,

will i have to pay taxes on my gains in that account, and

will my trading in this account is considered work - will i need

a work permit to trade stocks and securites in a bank outside thailand,

while i stay in thailand on retirement visa?

[ChouDoufu]

yes, you can trade stocks.

no, you won't need a work permit.

you must pay tax on gains to usa if us citizen.

thailand will not tax your earnings unless

you bring them into thailand during the year earned.

oh, and thailand does not tax capital gains.

 

[tonray]

31 minutes ago, ChouDoufu said:

thailand will not tax your earnings unless

you bring them into thailand during the year earned.

USA and Thailand have a reciprocal tax agreement. If you pay taxes on earnings in USA you will not need to pay taxes on earnings in Thailand whether you bring them into Thailand in the year earned or not

[SCOTT FITZGERSLD]

2 hours ago, tonray said:

USA and Thailand have a reciprocal tax agreement. If you pay taxes on earnings in USA you will not need to pay taxes on earnings in Thailand whether you bring them into Thailand in the year earned or not

but i am not from USA. my country charge me only for earnings in my country. so i wonder only about the thai law.

[Maestro]

Removed a troll post and the replies to it.

[Maestro]

Administering your own assets, within or outside Thailand, does not require a work permit.

[tonray]

17 minutes ago, SCOTT FITZGERSLD said:

but i am not from USA. my country charge me only for earnings in my country. so i wonder only about the thai law.

Does your country have a reciprocal tax agreement with Thailand ?

 

Countries		Date of entry into force		Taxable year	Remarks	Map
1	Cambodia		26 December 2017	1 January 2018
2	Armenia		12 November 2002	1 January 2003
3	Australia		27 December 1989	1 January 1990
4	Austria		1 July 1986	1 January 1986
5	Bahrain		9 July 1998	1 January 2004
6	Bangladesh		9 July 1998	1 January 1999
7	Belarus		2 September 2006	1 January 2007	The Revenue Department has been notified by the MOFA by a letter dated 26 September 2014
8	Belgium		29 December 1980	1 January 1980
9	Bulgaria		13 February 2001	1 January 2002
10	Canada		16 July 1985	1 January 1985
11	Chile		5 May 2010	1 January 2011
12	China, P. R		29 December 1986	1 January 1987	Exchange of Letter :  Thailand   China, P. R.
13	Cyprus		4 April 2000	1 January 2001
14	Czech Republic		14 August 1995	1 January 1996
15	Denmark		12 February 1999	1 January 2000	Old treaty enforced until  31 December 1999
16	Estonia		23 December 2013	1 January 2014
17	Finland		26 February 1986	1 January 1987
18	France		29 August 1975	1 January 1975	WHT : enforced 29 August 1975 Amendment by exchange of letter
19	Germany		4 December 1968	1 January 1967
20	Great Britain and  Northern Ireland		20 November 1981	1 January 1981
21	Hong Kong		7 December 2005	1 January 2006
22	Hungary		16 October 1989	1 January 1990
23	India		13 March 1986	1 January 1987
23.1	India		5 January 2559	1 January 2017	Revised
24	Indonesia		21 October 2003	1 January 2004
25	Ireland		11 March 2015	1 January 2016	Instrument_of_True_Power
26	Israel		24 December 1996	1 January 1997
27	Italy		31 May 1980	1 January 1978	Amendment by exchange of letter
28	Japan		30 August 1990	1 January 1991
29	Korea		29 June 2007	1 January 2008
30	Kuwait		25 April 2006	1 January 2007
31	Laos		23 December 1997	1 January 1998
32	Luxembourg		22 June 1998	1 January 1999
33	Malaysia		2 February 1983	1 January 1983
34	Mauritius		10 June 1998	1 January 1999
35	Myanmar		15 August 2011	1 January 2012
36	Nepal		14 July 1998	1 January 1999
37	Netherlands		9 June 1976	1 January 1976
38	New Zealand		14 December 1998	1 January 1999
39	Norway		29 December 2003	1 January 2004	Old treaty enforced until  31 December 2003  Income Tax Liability for Pensioners
40	Oman		27 February 2004	1 January 2005
41	Pakistan		7 January 1981	1 January 1979
42	Philippines		11 April 1983	1 January 1983
43	Poland		13 May 1983	1 January 1983
44	Romania		13 April 1997	1 January 1998	WHT : enforced 1 June 1998
45	Russian		15 January 2009	1 January 2010
46	Seychelles		13 March 2006	1 January 2007
47	Singapore		27 April 1976	1 January 1976
47.1	Singapore		15 Febuary 2559	1 January 2017	Revised
48	Slovenia		4 May 2004	1 January 2005
49	South Africa		27 August 1996	1 January 1997
50	Spain		16 September 1998	1 January 1999
51	Srilanka		12 March 1990	1 January 1991
52	Sweden		26 September 1989	1 January 1990
53	Switzerland		19 December 1996	1 January 1997
54	Chinese Taipei		19 December 2012	1 January 2013
55	Tajikistan		23 December 2013	1 January 2014
56	Turkey		13 January 2005	1 January 2006
57	Ukraine		27 November 2004	1 January 2005
58	United Arab Emirates		28 December 2000	1 January 2001
59	United States of America		15 December 1997	1 January 1997
60	Uzbekistan		21 July 1999	1 January 2000	WHT : enforced 1 February 2001
61	Vietnam		31 December 1992	1 January 1993

[SCOTT FITZGERSLD]

anyway need to know the thai policy on capital gains in capital outside thailand.

and anyway the tax is by residency, not citizenship.

[ubonjoe]

6 hours ago, SCOTT FITZGERSLD said:

anyway need to know the thai policy on capital gains in capital outside thailand.

and anyway the tax is by residency, not citizenship.

No income earned outside Thailand is taxable unless you bring it into the country in the same year it was earned.

Edit: Not visa related moved to here.

[Rman]

...but you have to pay tax in the US for dividend income from your funds (Mutual Funds, ETF, CEF etc.) if you hold any. It's 30% for US citizens and for non-american citizens, non-us-residents it's 15% tax. 

[Langsuan Man]

45 minutes ago, Rman said:

...but you have to pay tax in the US for dividend income from your funds (Mutual Funds, ETF, CEF etc.) if you hold any. It's 30% for US citizens and for non-american citizens, non-us-residents it's 15% tax. 

Where do you get these % from ?

 

 How much tax you pay is dependent upon several factors, primarily your total income (tax bracket) whether or not they are qualified dividends, how long you have owned them etc. and unlike Thailand there is no "double" pricing

 

The IRS mistreats everyone equally, foreign or domestic 

[Estrada]

I am retired and have been investing here for 24 years through Maybank Kim Eng brokers. There is no capital gains tax on investments in equities, but there is a 10% withholding tax on dividends. As you are retired here, from personal experience, the Thai Tax office are not interested in taxing your investment earnings, pension or other income. However, if you want to claim back the 10% withholding tax on your dividends, then you have to make a full declaration. Personally I do not bother to do this as it is a hassle and I do believe that I should contribute towards the cost of public services and infrastructure.

[PerkinsCuthbert]

3 hours ago, Estrada said:

I am retired and have been investing here for 24 years through Maybank Kim Eng brokers. There is no capital gains tax on investments in equities, but there is a 10% withholding tax on dividends. As you are retired here, from personal experience, the Thai Tax office are not interested in taxing your investment earnings, pension or other income. However, if you want to claim back the 10% withholding tax on your dividends, then you have to make a full declaration. Personally I do not bother to do this as it is a hassle and I do believe that I should contribute towards the cost of public services and infrastructure.

Definitive and best answer for those trading stocks within Thailand. However, the OP's question related to trading outside Thailand and bringing the earnings into Thailand. As stated by ubonjoe, he essentially has no tax liability in Thailand unless he brings the money into Thailand in the same year it is 'earned'. But in any case, who in authority in Thailand is to know when the money was earned?

 

Note: the OP has stated he is not a US citizen and therefore he does not have to comply with US tax law, so there's no need to keep posting on this thread that which applies only to US citizens.

[khunPer]

17 hours ago, SCOTT FITZGERSLD said:

will i have to pay taxes on my gains in that account, and

will my trading in this account is considered work - will i need

a work permit to trade stocks and securites in a bank outside thailand,

while i stay in thailand on retirement visa?

As long as it's private investments, you can trade your savings at any stock exchange; also SET (Thailand).

 

Money earned outside of Thailand seem to be only taxed in Thailand, if you bring them in the same year as earned; the following year it's savings, and savings are tax-free to bring into Thailand (The wording of the Law is little different, but this is how it works in practice).

 

Money earned under a double taxation agreement are not taxed twice; i.e. a retirement pension taxed in one's home country will not be also taxed in Thailand.

 

Tax on dividends from stocks will normally be withheld on source. Some countries will have a double taxation on stock dividends, I'm for example only charged 15% withholding dividend tax on US stocks, because I'm resident in Thailand; I'm Danish citizen and my Danish bank takes care of the paperwork. If I lived in Denmark, I would pay around 30% withheld dividend tax to USA.

 

Other taxes on gains may apply, depending of your home country and tax status in your country; i.e. some nationals are not fully taxable in their home country when living abroad more than 180-days a year. However, in some areas abroad can have different meaning, like if inside EU (European Union) and "EØS" in another country than your home country, or outside EU in "3rd country", like Thailand. Being a Dane registered as living in 3rd country I, for example, don't pay capital gain tax from my stock investments – also interest is free of tax – however, if I was residing in Denmark, I would have to pay between 27% and 42%, depending of the size of the gain; but I still pay 27% withholding tax on dividends.

 

Withheld dividend tax on Thai stocks is only 10%...