July 14, 201411 yr Quick question ..If I opt for the '800k bt in the bank' retirement visa (RV) do you 1. Have to declare you are domicile in Thai for tax purposes? 2. How often can one move in and out of the country under RV status? Thanks ...
July 14, 201411 yr 1. TTBOMK No. 2. With a multiple re-entry permit as many times as you like (3900 baht).
July 14, 201411 yr Be in the country when the extension of stay comes due and have the money in the bank 3 months before renewal date
July 15, 201411 yr The use of the word "domicile" makes me think the OP is British. Domicile is not relevant to taxation of income - only to inheritance tax. Retiring here does not mean you are domiciled in Thailand. Hector will presume your domicile remains unchanged - usually your domicile of birth. For both Thailand and UK, Thai/UK Residence is determined by number of days spent in the country concerned. Nothing to do with having a retirement visa here. FWIW it's possible to be resident in both countries for tax purposes.
July 16, 201411 yr A condition of "retirement" is not to work. If you don't work you don't get income (domestically). If you don't get income why would you need to pay tax?
May 2, 201510 yr A condition of "retirement" is not to work. If you don't work you don't get income (domestically). If you don't get income why would you need to pay tax? Easy question ! It depends on the "Tax Treaty" with your country of origin ... Some income from your country of origin is to be taxed in Thailand, this is my case for all interest I receive in France Then, once you make a revenue declaration in Thailand, you can eventually get back the withholding taxes (15%) that are taken from the interests (or dividends) issued to you in this country
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