Good presentation by Patcha (Chacha) Ingkudanonda, a Thai tax consultant, which was posted on YouTube 12 days ago. The discussion of the LTR visa starts at 11:35. Key Takeaways: Do LTR visa holders (Wealthy Global Citizen, Wealthy Pensioner, or Work-from-Thailand Professional) need to file a Thai tax return? No. If an LTR holder (Wealthy Global Citizen, Wealthy Pensioner, or Work-from-Thailand Professional) does not file a Thai tax return, will there be a severe problem in the future with the Revenue Department? No. If the Revenue Department ever asks you why you did not file a tax return, hand them a copy of the Royal Decree No. 743, which exempts foreign income from taxation under Section 5. Chacha’s words: “There is no issue. There is no problem. It is clear.”
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