Thailand And Taxes

[ScubaDuc]

Hello everyone,

Like many, I am looking for a place to retire in a few years when I will reach 50, or thereabout. I have been to Thailand on several occasions and I have read all the posts I could find from the expats on this forum but I have a few questions which I hope some of you won't mind answering.

I have managed to stash my nest egg offshore and I plan to live off interests and other financial gains. Needless to say, I do not want to pay taxes in Thailand if I could help it. SO what is the tax rate on the 800,000 baht if it comes from a bank and not from a pension? Do I have to justify the origin? I have no problems in meeting the 80,000 baht monthly required for a retirement visa and I could even consider paying (some) taxes on it for as long as I can have the rest tax-free since I am not liable on my w/wide income.

What is the situation for getting hospital insurance coverage in Thailand? Can I take my Ducati with me? It's left hand drive......

I do not plan to remain in Thailand the whole time as I do not think I can survive without MacAllan, fois gras and parmesan all that long. I read all sort of comments on one entry, multiple entry, etc. It all sounds really confusing. Does that mean that a retiree cannot leave Thailand more then, say, once or twice a year? Surely, that can't be right....

Thanks and a single malt toast to all the expats!

[lopburi3]

I must say if you can not find the answer to any of your questions from reading this forum do not believe we can be of much help. As you have a few years what we answer now may well not be the correct answer then in any case so be sure to take that into consideration when reading.

[ScubaDuc]

I must say if you can not find the answer to any of your questions from reading this forum do not believe we can be of much help. As you have a few years what we answer now may well not be the correct answer then in any case so be sure to take that into consideration when reading.

Ehm, I forgot to mention I am 46 so I will qualify for a retiree visa in less then four years. I understand things change regularly but it really isn't that much time to plan for retirement, especially if one needs to engage in some serious tax planning.