LTR Visa is Now available for Long Term Residency

[Pib]

3 minutes ago, stat said:

Bank statement clearly details bought META for 100K USD in 2023 and sold it for 400K USD in 2025 so the info is there. There is no cap gains statement from the IRS in Germany as everything is dealt on the bank level.

 

Anyway my german IRS statement comes 2 to 3 years after I realized cap gains in a foreign account however but that would be too late. I understand that bank statemends are a kind of grey area as well for BOIs acceptance.

 

I would think there is some kind of document available from META like an account statement or something that would reflect the payment with additional details.  

[stat]

12 hours ago, SHA 2 BKK said:

Thanks for that.  I renewed my 5 year licence last year in Phetchaburi no problems with my LTR. 
 

However my wife was refused a tax refund at the airport last year on purchase as Thai Customs treats the LTR Visa as “non tourist”.   
 

TIT

Usually you need to prove that you live outside of the country you are leaving to get the tax refund. I assume your thai wife was living in Thailand? I assume that in a year when you have lived under 180 days in TH you (the farang) could get the tax refund.

[stat]

4 minutes ago, Pib said:

 

I would think there is some kind of document available from META like an account statement or something that would reflect the payment with additional details.  

There is no statement from META. as META is not paying me anything directly. It is the buyer of my stocks that is paying the bank and then the bank pays me (clearinghouse in between as another layer). The same goes for dividends they are paid by the bank to me and the bank receives the dividend from META (clearinghouse again in between). There is no direct link between me and META and no META documents.

[SHA 2 BKK]

9 minutes ago, stat said:

Usually you need to prove that you live outside of the country you are leaving to get the tax refund. I assume your thai wife was living in Thailand? I assume that in a year when you have lived under 180 days in TH you (the farang) could get the tax refund.

My wife is not Thai and has a dependent LTR Visa (as does my child).  
 

We have lived in Thailand full time for 9 years. Previously we held Elite Visas and she was able to get the refund as it’s deemed a tourist Visa.   
 

Customs therefore seem to recognise LTR Visas in a different vein so I don’t think living in Thailand for less than 180 days would allow a successful claim of VAT as it’s linked to the Visa.  
 

This does give me hope also that the Revenue Department hold a

similar point of view and Royal Decree 743 will hold away with any remittance issues.  

[Pib]

2 minutes ago, stat said:

There is no statement from META. as META is not paying me anything directly. It is the buyer of my stocks that is paying the bank and then the bank pays me (clearinghouse in between as another layer). The same goes for dividends they are paid by the bank to me and the bank receives the dividend from META (clearinghouse again in between). There is no direct link between me and META and no META documents.

Thanks for the clarification.  If bank statements is all that is available then I guess that's all you can provide. 

 

A person will need to hope that BOI understands this regarding your cap gains.  BOI gets applications for all kinds of folks....documents from different countries....and hopefully they have a good understanding of the different types of docs provided in/available from country XYZ compared to docs provided in/available from country ABC.   

 

And a short memo  included with an application from the applicant to further explain/clarify certain income can't hurt. 

 

Hopefully someone with chime-in who has already submitted similar type cap gains docs with their LTR application.

[SHA 2 BKK]

Just now, SHA 2 BKK said:

My wife is not Thai and has a dependent LTR Visa (as does my child).  
 

We have lived in Thailand full time for 9 years. Previously we held Elite Visas and she was able to get the refund as it’s deemed a tourist Visa.   
 

Customs therefore seem to recognise LTR Visas in a different vein so I don’t think living in Thailand for less than 180 days would allow a successful claim of VAT as it’s linked to the Visa.  
 

This does give me hope also that the Revenue Department hold a

similar point of view and Royal Decree 743 will hold away with any remittance issues.  

Edit: second last paragraph “would NOT allow”  not being the operative word. 

[Desmond77]

Hi, may I know if the THB50K fee is applicable to only the main applicant? What about the dependents? Will it be THB50K too?

[oldcpu]

1 hour ago, stat said:

Thanks for your post! Could you kindly elaborate some details of your investment in Th government bonds? Is a foreign bank acceptable as correspondent bank? What is the yield of the bonds, is it ok to buy 1 year bond? Thanks!

 

I purchased the Thai Government bonds to top up the money needed meet the BoI requirement of $250K US$ investment in Thailand as part of the requirement for a Wealthy Pensioner who is only claiming the > $40K US$ equiv/year income.

 

No. One year bond is NOT adequate.  5-year is not adequate.  It needs to be a 7 year or 10-year.

 

I purchased the new bonds at a local Bangkok Bank Branch.   Frankly, I did not care about the interest rate.  If you are looking for an investment in Thailand with a good interest rate, then FORGET THIS APROACH (I put in caps deliberately).  I did not care about the interest rate.

 

I bought 2-million THB in Thai government bonds.  Interest was  3%.  7-year maturity.  Tax is automatically with drawn before interest paid.  I was asked for a Thai TIN (which I did not have) when applying for the bond.  I gave the bank my pink-ID #, their computer accepted that, and I obtained the bond.

 

Frankly, the 3% interest worries me as being too high - as it could mean I will have to file a Thai tax return. My hope (??) is the automatic withholding tax will mean I don't have to file an income tax return.

 

The Bank of Thailand (from whom Bangkok Bank gets the bond) would only give me a bond book, and not a bond certificate. BoI would not initially accept copy of the bond book. In the end, Bangkok bank printed on the last page of the bond book the bond interest rate, maturity/redemption date, and that satisfied BoI.

 

But to re-iterate, I did not buy the bonds for investment. This was just money to top up the BoI $250K US$ requirement.  The remainder of the $250K US (not covered by the 2-million THB in bonds) was my 50% ownership of my condominium unit (my wife owns the other 50%).  And the 3% interest could bite me in the butt and force me to file a Thai tax return.

 

[stat]

2 hours ago, Pib said:

 

 

Thanks! Should be possible to sell and rebuy the bond before the 5 year period IMHO 😉 Nevertheless cumbersome and expensive spread + other costs etc. I would only recommed to buy the bonds with a non thai bank outside of TH but this is just me remembering the malaysia capital controls end of the 90s.