Differences

This shows you the differences between two versions of the page.

--- thailand [2025/11/16 06:36] – jhagstrand
+++ thailand [2025/12/16 03:56] (current) – jhagstrand
@@ Line 1: / Line 1: @@
 ====== Thailand ======
-Two retirement visa options:
+[[American Expat Retiree Financials | contents]]
-Type O vs type O-A
-  * O-A requires insurance, but maybe no bank balance requirement
-  * O not so easy to get from outside of Thailand
-Type O Retirement visa requires:
+===== Taxes =====
-  * 800,000 Thai baht in a Thai bank account, or
-  * evidence proving a pension of 65,000 thb per month,  65,000.00 Thai Baht = 2,011.23 USD as of Nov 2025
+In 2024-2025 there has been a degree of fear mongering on the part of three or four farang tax advisors trying to scare up business, exploiting ignorance about a government memo.
-    * (This is an option that would let me get that 800,000 baht out of the bank for that last two years)
+=== Revenue Department ===
+https://rd.go.th/english/\\
+Regional Revenue Office 1 - 12\\
+Area Revenue Office (119)\\
+Area Revenue Branch Office (850)
+OS Thai Visa recommended the revenue office on Mae Rim Road
+=== Tax Clearance Certificate ===
+https://rd.go.th/english/23518.html\\
+“Section 4 quarter of the Revenue Code stipulates that a foreigner departing shall apply for a Tax Clearance Certificate in the form prescribed by the Director-General within 15 days before leaving the country, whether or not there is any tax payable. A foreigner departing Thailand is required to file an application for Tax Clearance Certificate (Form P.1) and supporting documents if:…He is liable to payment of tax or tax arrears before departing Thailand.
+=== News update 24 Sep 2024: How do foreigners living in Thailand pay tax? ===
+https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf\\
+“If a foreigner derives income from sources outside Thailand, such income is subject to income tax if the two following conditions are met:
+<ol style="list-style-type: decimal;">
+<li>such income has been earned in any tax year starting from 1 January 2024 onward by a foreigner who stays in Thailand for 180 days or more in a tax (calendar) year, and;\\
+</li>
+<li><p>such income earned has been remitted to Thailand (wholly or partially), even if that remittance occurs in a later tax year.”</p>
+<p>“Foreigners must include income from sources within Thailand and outside Thailand in Personal Income Tax Return (**P.N.D.90** or P.N.D.91)”</p></li></ol>
+=== DTA ===
+Double Taxation Agreement (DTA)\\
+Thailand has DTAs with 61 countries.\\
+Tax treaty between USA and Thailand prevents double taxation.
+**Foreign Tax Credit**\\
+The Foreign Tax Credit documenting the tax paid in USA can be excluded from tax owed to Thailand.
+=== USA social security ===
+https://www.thethailandlife.com/expat-tax-thailand#Income_Earned_Prior_to_Living_Retiring_in_Thailand\\
+“US social security is not considered assessable income.”
+USA DTA exempts pensions for government service and social security from being taxed in Thailand (Articles 20 &amp; 21).
+Records:
+<ul>
+<li>Chase bank statements show incoming ssa checks and outgoing wire transfers to Thailand.\\
+</li>
+<li>Bangkok Bank statements show incoming wire transfers.\\
+</li>
+<li><p>IRS 1040 will show 1099-R, which will include both RMD and Roth.</p>
+<p>It might be best if my portfolio activity does not co-mingle with my SSA checks.</p></li></ul>
+Personal Income Tax (PIT)
+Filing date: 31 Mar 2025
+Info as of 25 Jan 2025\\
+https://pcec.club/Thai-Income-Tax-Expat-Information/\\
+good info on TIN, DTA, speculation
+Where is the TIN office in Chiang Mai?\\
+Who can I use as an interpreter?
+===== Department of Land Transport (DLT) =====
+Drivers License: Car and Motorcycle
+===== Customs =====
+Luggage and Shipping: import and export.
+===== Revenue Dept =====
+Income Tax
+===== Immigration =====
+  * Visas
+  * TM6 - replaced by TDAC.
+  * TM30 - residence in Thailand.
+  * 90-day address check-in
+  * After passport renewal, transfer stamps from old book to new, including entry stamp, original non-O visa, and current retirement visa.
+  * TDAC Thailand Digital Arrival Card (TDAC). Starting 1 May 2025. Must be completed online within 72 hours prior to arrival.
+Tm 30 is landlord's responsibility and is my responsibility.
+O vs O-A visas\\
+https://youtu.be/ZjSVhrL8mo4?si=wZr8PVRCbSmouGZG
+=====Visa=====
+====Non-Immigrant Visa====
+===Type O===
+  * a general-purpose visa for family, retirement, or other purposes
+  * not so easy to get from outside of Thailand
+  * financial requirement
+    * 800,000 Thai baht in a Thai bank account, or
+    * evidence proving a pension of 65,000 thb per month,  65,000.00 Thai Baht = 2,011.23 USD as of Nov 2025 (This is an option that would let me get that 800,000 baht out of the bank for that last two years)
+===Type O-A===
+  * a specific one-year, long-stay retirement visa
+  * requires insurance
+  * no minimum bank balance requirement [is this true?]
+===Type O-X===
+  * like O-A but for 5 years
+  * [does this still exist?]
+====== Resources ======
+===== Tax Advisors =====
+As of January 2025, two farang tax advisors are fear-mongering, trying to drum up business by creating a crisis over a new tax law, the first two listed here: Carl Turner and Thomas Carden.
+=== Expat Tax Thailand ===
+https://www.expattaxthailand.com/\\
+Carl Turner, co-founder\\
+THB to apply for a TIN\\
+Jan 2025 webinar with
+  * Pattharaphon Penjham, Senior Legal Officer at the Revenue Department\\
+  * Thanadet Boonsantia, a former Revenue official and independent tax expert\\
+  * https://www.youtube.com/watch?v=mGvznkNy398
+=== American International Tax Advisors ===
+https://aitaxadvisers.com/\\
+Thomas Carden, Chris McLaughlin, 11 others\\
+interview re new Thai tax law
+  * https://www.youtube.com/watch?v=K-2sAgFNgVE&amp;t=2s
+Fee to apply for TIN: 7000THB
+=== Retire To Thailand ===
+https://www.facebook.com/profile.php?id=100087755627583\\
+sub-group of Chiang Mai Expats Club\\
+Offering help with getting a TIN.
+=== Business Class Asia ===
+https://www.businessclassasia.com/\\
+Ken Brown, Lee Stevens, Bangkok
+=== thailand_expat_info ===
+TikTok user, one post
+=== Anglo Siam Legal ===
+https://anglosiamlegal.com/\\
+Pattaya\\
+Fee to apply for TIN: 3250THB
+=== Triple 888 Law ===
+https://thai888.com/\\
+Pattaya\\
+Fee to apply for TIN: 1500THB
+===== Legal =====
+=== Siam Legal ===
+https://www.siam-legal.com/\\
+Chiang Mai office\\
+https://www.siam-legal.com/thai-law/chiang-mai-lawyer.php\\
+Tax Questions in Thailand?\\
+https://www.youtube.com/watch?v=4mNdXpvY1GQ
+=== Integrity Legal ===
+https://www.integrity-legal.com\\
+Benjamin W. Hart\\
+youtube channel:\\
+[https:%%//%%www.youtube.com/@IntegrityLegalThailand](https:%%//%%www.youtube.com/@IntegrityLegalThailand)\\
+describes “tax stamp pimp” illegally-operating foreign self-proclaimed tax advisors
+===== Expat Groups =====
+=== Pattaya City Expat Club ===
+https://pcec.club/\\
+motto: “Expats Helping Expats”\\
+meet Wednesdays 9AM open, 10:30AM start, Holiday Inn Pattaya Executive Tower
+=== Thailand Expats Club ===
+https://thailandexpatsclub.com/thailand-expats-guide/
+**Chiang Mai Expats Club CEC**\\
+https://chiangmaiexpatsclub.com/\\
+https://www.facebook.com/groups/chiangmaiexpatsclub/\\
+:30 Breakfast, The Duke’s Ruam Chok, 1st Saturday, 345THB\\
+:30 meeting, Duangtawan, 4th Saturday