8 hours ago, TroubleandGrumpy said:

I agree with all those points - the LTR is a great Visa if it suits your financial arrangements (income shown in a tax return but not the actual details) and you have decent BOI approved health insurance. That only 6000 have one, means that there are issues that BOI has not addressed about their requirements.  Plus I will again repeat my concern over the issue that affects me - to prove my income means fully providing details about my personal financial information - and if Thailand moves to a global taxation system (yes, if) then I dont want Thai Govt having that information.  

 

I note your point about you not wanting to pass to the Thai government all the details re: your wealth.  I know others who feel the same as you.

 

My having typed, that, I also note that for some of us, proving to BoI we meet the LTR visa requirements, did NOT by any means, require us to show how much our total wealth may be.  

 

Also even if the Thai government did find out about all my 'means', at least in my case, I see nothing wrong there. I follow both the law of the source country of my income, and I follow Thai law.  

 

If (and i emphasize "IF" ) global taxation were to come about, it would make no difference to me as to what Visa that I was on, ... Type-O, Type-OA would be hit just as hard, if not worse than an LTR (where an LTR has a Royal Decree about taxation and remitted income).

 

Its very clear you are concerned how this could impact you, if you went for the LTR visa. Frankly - that is good !! ... and I believe it important (like you are doing) that expatriates examine their tax situation with regard to Thailand and with regard to the source country of their income, and include that consideration whether they apply for the LTR visa.

 

But it is very important in this process, not to over exaggerate any aspects, but be as factual as possible.

 

I have posted this before, ... when the LTR visa first came out, i snickered and asked, who on earth would go for that?  Then a friend in Canada (with a Thai spouse) who is contemplating moving to Thailand, asked why I did not apply. When I "off the cuff" told him I thought it a bad visa, he (knowing my financial status) went through each point with me, and in our discussion proved me wrong.  I did thou, need an open mind.

 

As we both agree, it really boils down to one's own situation, and its also important for both of us not to extrapolate our own situation on to the situation of others.  Thailand has many expats, we all do not fit in the same shoe, and the LTR visa is not a 'one size fits all' visa.

 

Best wishes.

53 minutes ago, oldcpu said:

A lot depends on the circle of expats in which one is acquainted and with whom one 'hangs out'.  Also, an important point, after a certain point of being well off, expats also do not go about broadcasting their amount wealth. To do so is simply dangerous.

I agree with your comments. It's better not to share one's (my) net worth with anyone, not even close friends. There's no good that can come from it. Only bad things can come from it, like hurt feelings, envy, jealousy and anger. That appears to be what's going on with one person who can't seem to handle the truth. Your last point is very true about one's safety, I have lived in Bangkok in an upscale area for the past 8 years. I really enjoy the big city life. It's no more dangerous than Pattaya or Phuket if you stay in the good areas. I like the beaches too, Hua HIn, Phuket, Krabi, etc., but I can visit them whenever I want to. To each his own.

 

I started using the ignore users feature, it works really well, I don't see any direct posts or replies from anyone on that list anymore. It cuts down on the negativity.

8 hours ago, TroubleandGrumpy said:

I know you feel obliged to answer, even though no one asked, but retired Expats with as large a fortune as one person claims to have, are very very unlikely to live full time in Pattaya Thailand.  Cerainly rich Thais live here because they are rich and Thai - duh. But a multi millionare ($USD) retired Expat?  That is why I asked.

You did ask!

 

Thailand is not limited to Pattaya, although some rich people reside around there too. It's not because you can't see them that they are non-existent. I see daily in Bangkok way more imported (2X to 3X the EUR price) high-end Italian/German cars than in any other European capitals I happened to live in.

20 hours ago, K2938 said:

How on earth could there be income tax issues with the LTR visa "which do not exist with Elite Visa or the standard 12 month extensions"?  The LTR visa is currently better tax wise than all the other visa and if as part of a tax reform these benefits were taken away, it would be the same as all other visa, but it would not be WORSE which is what you are implying.

I like all the benefits of a LTR-WP visa, like no annual renewals, no 90-day reports, airport fast track lines, 5-year renewal, and especially the income tax exemption which saved me lots of money this year alone. The cost of my LTR was less than my annual renewals because I needed the MRE permit also. Now, I can keep my annual renewal money in my home country earning a good interest rate instead of in a Thai bank earning very little.

 

I've never seen anyone come up with so many excuses as to why a certain visa is not right for them. One can simply say the LTR visa is not the best visa for them and move on. It doesn't take 80 posts to say that. If one can't meet the requirements or easily qualify for a LTR visa, then there's many other visas available to them. There's no reason to quarrel with those who were able to get LTR visas. Life is too short. It's better to just accept things as they are, and move on. Best of luck to all!

9 hours ago, oldcpu said:

 

I note your point about you not wanting to pass to the Thai government all the details re: your wealth.  I know others who feel the same as you.

 

My having typed, that, I also note that for some of us, proving to BoI we meet the LTR visa requirements, did NOT by any means, require us to show how much our total wealth may be.  

 

Also even if the Thai government did find out about all my 'means', at least in my case, I see nothing wrong there. I follow both the law of the source country of my income, and I follow Thai law.  

 

If (and i emphasize "IF" ) global taxation were to come about, it would make no difference to me as to what Visa that I was on, ... Type-O, Type-OA would be hit just as hard, if not worse than an LTR (where an LTR has a Royal Decree about taxation and remitted income).

 

Its very clear you are concerned how this could impact you, if you went for the LTR visa. Frankly - that is good !! ... and I believe it important (like you are doing) that expatriates examine their tax situation with regard to Thailand and with regard to the source country of their income, and include that consideration whether they apply for the LTR visa.

 

But it is very important in this process, not to over exaggerate any aspects, but be as factual as possible.

 

I have posted this before, ... when the LTR visa first came out, i snickered and asked, who on earth would go for that?  Then a friend in Canada (with a Thai spouse) who is contemplating moving to Thailand, asked why I did not apply. When I "off the cuff" told him I thought it a bad visa, he (knowing my financial status) went through each point with me, and in our discussion proved me wrong.  I did thou, need an open mind.

 

As we both agree, it really boils down to one's own situation, and its also important for both of us not to extrapolate our own situation on to the situation of others.  Thailand has many expats, we all do not fit in the same shoe, and the LTR visa is not a 'one size fits all' visa.

 

Best wishes.

Cheers mate - again I agree 100% -  especially that we must all do what we think is best for our own situation. Thanks for recognising that and not overreacting to my comments about why it does not suit myself at this time.  Take care

8 hours ago, Yumthai said:

You did ask!

 

Thailand is not limited to Pattaya, although some rich people reside around there too. It's not because you can't see them that they are non-existent. I see daily in Bangkok way more imported (2X to 3X the EUR price) high-end Italian/German cars than in any other European capitals I happened to live in.

You jumped on to a question I asked of someone else  not you. Unlike some others (and like some you are overreacting to my negative reasons why I am not applying for an LTR  at this time. 

9 hours ago, oldcpu said:

 

In Pattaya, I know a few (and I live in Phuket). I know more in Phuket.  

 

A lot depends on the circle of expats in which one is acquainted and with whom one 'hangs out'.  Also, an important point, after a certain point of being well off, expats also do not go about broadcasting their amount wealth. To do so is simply dangerous as an expat.

 

Also , another factor is family.  If an expat of "more than adequate means" (or wealthy possibly per your definition of wealthy) has a Thai spouse, that is also a very big factor where they live, especially when retirement comes, and especially if they have no children.   

 

The foreign expats who I noted (who have more than adequate means) are married to a Thai spouse where the spouse is university educated, and where the spouse comes from a Thai family that is by no means poor.  

.

Yes I would accept that there are a few who live full time as a retiree in Phuket  - not so much someone in Pattaya claiming to be one, and who knows little about financial management issues and how the rules vary from country to country.

19 hours ago, TroubleandGrumpy said:

On 9/26/2025 at 2:42 PM, K2938 said:

How on earth could there be income tax issues with the LTR visa "which do not exist with Elite Visa or the standard 12 month extensions"? 

Read my extensive previous posts that detail why there could be income tax issues if Thailand moves to a global taxation system. 

 

It unfortunately did not make sense to me before assuming you intend to properly declare your taxes, but feel free to state in a short summary why the LTR visa could be WORSE tax wise.

2 hours ago, TroubleandGrumpy said:

Yes I would accept that there are a few who live full time as a retiree in Phuket  - not so much someone in Pattaya claiming to be one, and who knows little about financial management issues and how the rules vary from country to country.

In Pattaya there are currently many condos and houses selling above 50M THB and up to 200M/400M THB respectively, it seems the average pot-belly punter is more financially savvy than you assume.

57 minutes ago, Yumthai said:

In Pattaya there are currently many condos and houses selling above 50M THB and up to 200M/400M THB respectively, it seems the average pot-belly punter is more financially savvy than you assume.

I love it. Yes, many are more savvy than one may think. I have a friend from Belgium who just spent over 90 million Baht on 3 luxury condos, 2 in Bangkok and 1 in Pattaya. We live in an upscale area of Bangkok where many condo units sell for 30 to 100 million plus. Many of them are purchased by foreigners. I recently bought 2 condos for my wife in a really good area of Bangkok, but they are not in that price range. I'm not that rich.

11 hours ago, JohnnyBD said:

I love it. Yes, many are more savvy than one may think. I have a friend from Belgium who just spent over 90 million Baht on 3 luxury condos, 2 in Bangkok and 1 in Pattaya. We live in an upscale area of Bangkok where many condo units sell for 30 to 100 million plus. Many of them are purchased by foreigners. I recently bought 2 condos for my wife in a really good area of Bangkok, but they are not in that price range. I'm not that rich.

 

Yes, I know a number folks for whom the LTR visa is a good fit.  They split their time between places like Bangkok, Phuket, Chiang Mai, Hua Hin, across the eastern seaboard and in other countries including their country of origin.  They have wealth.  Not all are retired.  Some own and are running their own businesses in Thailand.   

 

On 9/26/2025 at 7:21 PM, TroubleandGrumpy said:

Filthy rich as in a multi millionaire in $USD? 

Yes multi millions in USD. I know some people that keep a very low profile and live here in Thailand with several millions in the bank. I am not sure how many though, sure as hell there a 1000 times more pattaya expats that live on a shoestring (no offense to those).

On 9/27/2025 at 7:42 AM, JohnnyBD said:

I like all the benefits of a LTR-WP visa, like no annual renewals, no 90-day reports, airport fast track lines, 5-year renewal, and especially the income tax exemption which saved me lots of money this year alone. The cost of my LTR was less than my annual renewals because I needed the MRE permit also. Now, I can keep my annual renewal money in my home country earning a good interest rate instead of in a Thai bank earning very little.

 

I've never seen anyone come up with so many excuses as to why a certain visa is not right for them. One can simply say the LTR visa is not the best visa for them and move on. It doesn't take 80 posts to say that. If one can't meet the requirements or easily qualify for a LTR visa, then there's many other visas available to them. There's no reason to quarrel with those who were able to get LTR visas. Life is too short. It's better to just accept things as they are, and move on. Best of luck to all!

The LTR visa COULD backfire for Germans as German income tax code stipulates that any special treatment (tax exemption) COULD lead to Germany having additional rights to tax some income in Germany. Still a great visa!

1 hour ago, stat said:

The LTR visa COULD backfire for Germans as German income tax code stipulates that any special treatment (tax exemption) COULD lead to Germany having additional rights to tax some income in Germany. Still a great visa!

It sounds like from what you wrote, if German citizens are tax residents of another country where they are exempt from paying income taxes, Germany may require those citizens to file tax returns in Germany. Is that what you mean?

1 hour ago, JohnnyBD said:

It sounds like from what you wrote, if German citizens are tax residents of another country where they are exempt from paying income taxes, Germany may require those citizens to file tax returns in Germany. Is that what you mean?

Not only require them to file but to pay taxes on their not "foreign income" it gets really messy (definition wise) and complicated. However usually nothing comes off it. I was answering a post of how the LTR could be a "bad" visa tax visa. Those problems would not arise in case of a "normal" visa like O or OA.

 

Other countries may have similar laws if income is exempted under a special arrangement like the LTR visa.

 

 

1 hour ago, stat said:

Not only require them to file but to pay taxes on their not "foreign income" it gets really messy (definition wise) and complicated. However usually nothing comes off it. I was answering a post of how the LTR could be a "bad" visa tax visa. Those problems would not arise in case of a "normal" visa like O or OA.

 

Other countries may have similar laws if income is exempted under a special arrangement like the LTR visa.

Thanks for explaining. If I understand correctly, those on Non-O & OAs, are not tax exempt and are supposed to be filing & paying taxes in Thailand if Thai tax residents, so they won't need to file in Germany. What if those on Non-O & OAs do not file in Thailand, should they be filing in Germany as per the German tax rules?

1 hour ago, JohnnyBD said:

Thanks for explaining. If I understand correctly, those on Non-O & OAs, are not tax exempt and are supposed to be filing & paying taxes in Thailand if Thai tax residents, so they won't need to file in Germany. What if those on Non-O & OAs do not file in Thailand, should they be filing in Germany as per the German tax rules?

Forgive me.. what determines a Thai resident (for each Visa type)?

 

I am waiting the LTR ... but may only be in THailand 6 -8 months a year... in and out... assume no worries about tax implications there, etc. (I do have a Thai bank account.)

43 minutes ago, Dezmo said:

Forgive me.. what determines a Thai resident (for each Visa type)?

 

I am waiting the LTR ... but may only be in THailand 6 -8 months a year... in and out... assume no worries about tax implications there, etc. (I do have a Thai bank account.)

I believe the rules state you are a Thai tax resident if you spend a total of 180 days or more in Thailand regardless of what type of visa you're on.

 

LTR-WP visa holders are tax exempt as per Royal Decree.

3 hours ago, JohnnyBD said:

Thanks for explaining. If I understand correctly, those on Non-O & OAs, are not tax exempt and are supposed to be filing & paying taxes in Thailand if Thai tax residents, so they won't need to file in Germany. What if those on Non-O & OAs do not file in Thailand, should they be filing in Germany as per the German tax rules?

 

I think it may depend on the type of income one gets from Germany.

 

If one is not a tax resident of Germany, then Germany does not tax one's global income. 

 

However Germany may tax income sourced in Germany dependent on the income even if one is a non-resident of Germany (and the DTA between Germany  and Thailand comes into play).

 

In the case of German state pensions (average former German resident pensions) of those who are now non-German residents, who were once residents of Germany (and who are now residents of Thailand), the Thai-German DTA states ONLY Thailand has the right to tax those pensions. 

 

When i filed an income tax return to Germany (in 2020 after moving to Thailand in 2019) the German government replied to me with a letter advising me I did not need to file a German tax return given my German income was only my German state pension.  They noted only Thailand had the right to tax that pension from Germany.   

 

I was VERY tempted to frame that letter.  I did scan it and keep a copy. And I backed up that copy.  lol !!

 

Further, German civil servant/military pensions are not , by the German/Thai DTA, best i can understand, taxable in Thailand if one is a Thai resident and not a Germany resident (exception its different for Thai citizens who get a German civil service pensions).  I do not know if Germany taxes civil servant/ex-military pensions but Germany might for all I know.  And I don't know.

 

As for residents of Thailand and not of Germany, who receive German state pension (as former average residents of Germany) if that money is not brought into Thailand, then neither Germany nor Thai income tax returns are required (if that is the only income).  

 

Obviously, with more / different income, there are more differences.

 

One on an LTR-WP, in my view, can bring their German state pension (ie average  resident of Germany state pension)  into Thailand, and only Thailand and not Germany can tax it. The DTA is VERY clear there.  Whether Thailand taxes such is up to Thailand and not up to Germany. Germany signed away the right to tax that pension in the DTA.  And Thailand in the Royal Decree for the LTR-WP says Thailand does not tax it either.

 

I am not a tax expert. I am only noting what i discovered that was directly relevant to me.

 

 

 

6 hours ago, JohnnyBD said:

It sounds like from what you wrote, if German citizens are tax residents of another country where they are exempt from paying income taxes, Germany may require those citizens to file tax returns in Germany. Is that what you mean?

 

My view here is it really depends on the DTA between Germany and the Country in which one is a resident, and not strictly German tax law, nor strictly the tax law of the country in which one is now a tax resident.  All three need be considered.

2 hours ago, Dezmo said:

Forgive me.. what determines a Thai resident (for each Visa type)?

 

I am waiting the LTR ... but may only be in THailand 6 -8 months a year... in and out... assume no worries about tax implications there, etc. (I do have a Thai bank account.)

 

It gets interesting (no pun intended) in regards to interest on the money in your Thailand bank account.

 

The LTR-WP and LTR-WGC visas do exempt one from tax on foreign income remitted to Thailand.  They do NOT exempt one from income tax on any income earned in Thailand.  Even on an LTR-WP/WGC visa if ones assessable income from Thailand sources exceeds a certain Threshold, one is required to pay tax and file a Thailand income tax return. ... 

 

An exception, thou, from my research, is if one's Thai income is from (the very very low) interest in a Thai bank, and if the bank applies a withholding tax on that interest, then that interest income no longer has any additional tax obligations to Thailand for income tax.

 

A more complex explanation (my words follow) summarize a LOT of time I spent researching this:

 

"For a Thai tax resident, bank interest income (classified under Chapter 3, Section 40(4)(a) of the Thailand Revenue Code), from which the Thailand bank has applied the 15% withholding tax (under Section 50 of the Revenue Code), offers a crucial option. Chapter 3, Section 48(3) of the Thailand Revenue Code explicitly states that for assessable income under Section 40(4)(a) (interest income) where tax has been withheld by the Thai bank, the taxpayer may elect to pay tax at the rate of 15.0 percent of that interest income, without including it in the annual assessable income computation under Section 48(1) or (2) of the Thai Revenue Code.

 

This election means the 15% withheld tax fully discharges further Thailand tax liability for that specific interest income. Consequently, the taxpayer is not required to include it in their aggregate assessable income for the Thailand annual personal income tax return (P.N.D. 90/91). Therefore, this specific interest income does not contribute to whether the individual meets the general income thresholds that would otherwise trigger a mandatory Thailand tax filing. If this bank interest is a Thailand resident's only Thai-sourced income, they generally have no obligation to file a tax return because the tax liability on that income has already been settled at source."

 

===

 

Just one more piece of the complex tax puzzle, that we as expats face.

.

8 hours ago, oldcpu said:

An exception, thou, from my research, is if one's Thai income is from (the very very low) interest in a Thai bank, and if the bank applies a withholding tax on that interest, then that interest income no longer has any additional tax obligations to Thailand for income tax.

10% WHT deducted from dividend of Thai company/foreign company listed on the Stock Exchange of Thailand/Thai mutual fund can also be treated as a final tax and excluded from the assessable income for PIT return filing.

 

https://sherrings.com/dividend-income-personal-income-tax-thailand.html

 

 

 

On 9/27/2025 at 3:45 AM, oldcpu said:

 

I note your point about you not wanting to pass to the Thai government all the details re: your wealth.  I know others who feel the same as you.

 

My having typed, that, I also note that for some of us, proving to BoI we meet the LTR visa requirements, did NOT by any means, require us to show how much our total wealth may be.  

 

Also even if the Thai government did find out about all my 'means', at least in my case, I see nothing wrong there. I follow both the law of the source country of my income, and I follow Thai law.  

 

If (and i emphasize "IF" ) global taxation were to come about, it would make no difference to me as to what Visa that I was on, ... Type-O, Type-OA would be hit just as hard, if not worse than an LTR (where an LTR has a Royal Decree about taxation and remitted income).

 

Its very clear you are concerned how this could impact you, if you went for the LTR visa. Frankly - that is good !! ... and I believe it important (like you are doing) that expatriates examine their tax situation with regard to Thailand and with regard to the source country of their income, and include that consideration whether they apply for the LTR visa.

 

But it is very important in this process, not to over exaggerate any aspects, but be as factual as possible.

 

I have posted this before, ... when the LTR visa first came out, i snickered and asked, who on earth would go for that?  Then a friend in Canada (with a Thai spouse) who is contemplating moving to Thailand, asked why I did not apply. When I "off the cuff" told him I thought it a bad visa, he (knowing my financial status) went through each point with me, and in our discussion proved me wrong.  I did thou, need an open mind.

 

As we both agree, it really boils down to one's own situation, and its also important for both of us not to extrapolate our own situation on to the situation of others.  Thailand has many expats, we all do not fit in the same shoe, and the LTR visa is not a 'one size fits all' visa.

 

Best wishes.

Yes I would also be concerned about showing above 1 M USD wealth or 80K USD income to BOI. I am even more concerned about checking in a hotel and the staff will see my LTR visa so he must be rich. The Thai GF/wife/husband as well will see he is much richer then claimed if she is savy.

20 hours ago, JohnnyBD said:

Thanks for explaining. If I understand correctly, those on Non-O & OAs, are not tax exempt and are supposed to be filing & paying taxes in Thailand if Thai tax residents, so they won't need to file in Germany. What if those on Non-O & OAs do not file in Thailand, should they be filing in Germany as per the German tax rules?

No obligation per se to file in Germany under any Visa as long as you do not have an abode in GER or have German income, however the definition changes as any non foreign income should/could be taxed in Germany like for example capital gains on German shares. It could get very messy and unclear in those cases, however in most cases once you officially declare your departure, the German IRS no longer harasses you. In most cases however you get a questionnaire you must fill out where you are living what are you doing there what are your foreign holdings etc. This being Germany you have to report that you leave the country to the state.

17 hours ago, oldcpu said:

 

I think it may depend on the type of income one gets from Germany.

 

If one is not a tax resident of Germany, then Germany does not tax one's global income. 

 

However Germany may tax income sourced in Germany dependent on the income even if one is a non-resident of Germany (and the DTA between Germany  and Thailand comes into play).

 

In the case of German state pensions (average former German resident pensions) of those who are now non-German residents, who were once residents of Germany (and who are now residents of Thailand), the Thai-German DTA states ONLY Thailand has the right to tax those pensions. 

 

When i filed an income tax return to Germany (in 2020 after moving to Thailand in 2019) the German government replied to me with a letter advising me I did not need to file a German tax return given my German income was only my German state pension.  They noted only Thailand had the right to tax that pension from Germany.   

 

I was VERY tempted to frame that letter.  I did scan it and keep a copy. And I backed up that copy.  lol !!

 

Further, German civil servant/military pensions are not , by the German/Thai DTA, best i can understand, taxable in Thailand if one is a Thai resident and not a Germany resident (exception its different for Thai citizens who get a German civil service pensions).  I do not know if Germany taxes civil servant/ex-military pensions but Germany might for all I know.  And I don't know.

 

As for residents of Thailand and not of Germany, who receive German state pension (as former average residents of Germany) if that money is not brought into Thailand, then neither Germany nor Thai income tax returns are required (if that is the only income).  

 

Obviously, with more / different income, there are more differences.

 

One on an LTR-WP, in my view, can bring their German state pension (ie average  resident of Germany state pension)  into Thailand, and only Thailand and not Germany can tax it. The DTA is VERY clear there.  Whether Thailand taxes such is up to Thailand and not up to Germany. Germany signed away the right to tax that pension in the DTA.  And Thailand in the Royal Decree for the LTR-WP says Thailand does not tax it either.

 

I am not a tax expert. I am only noting what i discovered that was directly relevant to me.

 

 

 

IMHO Thailand does not care to tax the German state penions under any visa. Caveat: As long as you do not bring it into the country. 

On 9/29/2025 at 11:31 PM, oldcpu said:

The LTR-WP and LTR-WGC visas do exempt one from tax on foreign income remitted to Thailand.  They do NOT exempt one from income tax on any income earned in Thailand.  Even on an LTR-WP/WGC visa if ones assessable income from Thailand sources exceeds a certain Threshold, one is required to pay tax and file a Thailand income tax return. ... 

Just to clarify though....

 

If one holds an LTR-WP, and is exempt from paying income tax in Thailand on foreign income, but has some interest on Thai bank income (let's say only 2,000 THB per year or so), and has no other Thai income, does that person still need to even file a Thai tax return, even if resident in the country a full year? I guess, no, just ignore the whole Thai tax thing?

1 hour ago, ronnie50 said:

If one holds an LTR-WP, and is exempt from paying income tax in Thailand on foreign income, but has some interest on Thai bank income (let's say only 2,000 THB per year or so), and has no other Thai income, does that person still need to even file a Thai tax return, even if resident in the country a full year? I guess, no, just ignore the whole Thai tax thing?

The tax should be automatically deducted.  And if not, you would not have to file anyway assuming this is your only income (both local and remitted foreign taxable income) as it is much lower than the general allowance plus lowest tax bracket.

8 minutes ago, K2938 said:

The tax should be automatically deducted.  And if not, you would not have to file anyway assuming this is your only income (both local and remitted foreign taxable income) as it is much lower than the general allowance plus lowest tax bracket.

So if I understand you, even an LTR-WP that has no tax owing on foreign income, would still need to file a Thai tax return if here more than 180 days, though maybe owes nothing, is that right? The point being a Thai tax return filing is still necessary for all residents?

43 minutes ago, ronnie50 said:

So if I understand you, even an LTR-WP that has no tax owing on foreign income, would still need to file a Thai tax return if here more than 180 days, though maybe owes nothing, is that right? The point being a Thai tax return filing is still necessary for all residents?

No, sorry, you misunderstood.  As I wrote above you would not have to file, assuming this is your only income (both local and remitted foreign taxable income) as this is much lower than the threshold value for that.   You only have to file if you owe taxes.  You under the assumptions made do not and so no need to file a tax return.

2 hours ago, ronnie50 said:

So if I understand you, even an LTR-WP that has no tax owing on foreign income, would still need to file a Thai tax return if here more than 180 days, though maybe owes nothing, is that right? The point being a Thai tax return filing is still necessary for all residents?

No, a Thai tax return filing is not necessary for all residents.

 

You asked about someone with 2,000 Baht bank interest, so I think you are confusing bank interest withholding taxes versus someone having to file a tax return on remitted foreign income. Those are two separate things.

 

Anyone on a LTR-WP visa is tax exempt for any foreign income remitted to Thailand, and they are not required to file a tax return even if they lived in Thailand more than 180 days.

 

If a LTR-WP visa holder earns income in Thailand, they may be required to file a tax return on that income if it exceeds the thresholds. I do not know the rules for money earned within Thailand.