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Thai Income Tax Implictions For Royalty Payments

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I am a US citizen retired and living in Thailand. I collect a royalty from a Thai company to which my company licensed RF Amplifier designs a few years ago. I would like to have the payments made into my Thai bank account rather than my US Bank account. are there any Tax implications in Thailand? The annual amount still keeps me below the US Tax threshold, so I would have no US Tax liability.

Moved to business section.

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