rmacee Posted July 14, 2014 Share Posted July 14, 2014 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 ... Link to comment Share on other sites More sharing options...
JLCrab Posted July 14, 2014 Share Posted July 14, 2014 1. TTBOMK No. 2. With a multiple re-entry permit as many times as you like (3900 baht). 1 Link to comment Share on other sites More sharing options...
moe666 Posted July 14, 2014 Share Posted July 14, 2014 Be in the country when the extension of stay comes due and have the money in the bank 3 months before renewal date 1 Link to comment Share on other sites More sharing options...
AyG Posted July 15, 2014 Share Posted July 15, 2014 (edited) 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. Edited July 15, 2014 by AyG Link to comment Share on other sites More sharing options...
rmacee Posted July 16, 2014 Author Share Posted July 16, 2014 Thanks guys for the responses ..very helpful. Link to comment Share on other sites More sharing options...
snarky66 Posted July 16, 2014 Share Posted July 16, 2014 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? Link to comment Share on other sites More sharing options...
MengWan Posted May 2, 2015 Share Posted May 2, 2015 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 Link to comment Share on other sites More sharing options...
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