Roger13 Posted March 3, 2003 Share Posted March 3, 2003 My Retirement Visa clearly says Non Resident. But I read somewhere that Residency for Income Tax is different. That Anyone in Thailand for six months and over is Resident for Tax purposes. Is that Correct ? If I stay for more than six months on my Retirement Visa am I liable for Income Tax on any funds I bring into Thailand? Roger Link to comment Share on other sites More sharing options...
fester Posted March 4, 2003 Share Posted March 4, 2003 Roger, I believe your visa says "Non-Immigrant" and NOT "Non-resident", becuase there is no such visa. I further believe that you alredy have paid income tax on your pension abroad. This tax issue has been discussed before in the forum, here is the thread: http://forum.thaivisa.com/cgi-bin/ikonboar...ct=ST;f=1;t=401 . Link to comment Share on other sites More sharing options...
Buccaneer Posted March 5, 2003 Share Posted March 5, 2003 The trick is not to pay tax anywher (they would just give it away anyhow, something you are better in). The problem is when your pension is build up with tax exempted payments, you home country got you by the balls (as a matter of speach). If you made these contributions partly whilst not beeing a tax payer they normally use a formulae to work out what you have to pay "at home". So why to wake up sleeping dogs? Just bring in your 800,000 B or so and that's it Cheers M Link to comment Share on other sites More sharing options...
Roger13 Posted March 5, 2003 Author Share Posted March 5, 2003 Fester & Buccaneer - Many Thanks for Responding. My Original Visa Sticker does say "Non Imm - O" Class and my First Airport Arrival Stamp says VISA CLASS "Non O" But All my 7 subsequent Airport Arrival stamps have: VISA CLASS "Non-RE" either in writing or with a Rubber Stamp. I do not pay Tax in my Home Country (UK) I have not lived there for over 10 years. As you say the Trick is not to pay any tax anywhere ... When I first arrived the Bank Deposit requirement was 500K - I have not been asked to increase this at subsequent renewals. But the Bank is deducting Witholding Tax on the Interest which might result in a file somewhere although I am not aware of being given any Tax Number (as mentioned in the other Forum Thread). My worry is that the money I bring into the Country each month is liable to Tax if I live here for more than 6 months in the year. Roger Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now