Visa and Tax Declarations

Witholding tax is not deducted by the receiving bank. Taxpayers must use personal income tax returns to declare any tax due.

A tax declaration or Tax ID Number (TIN) is not a current requirement for visas in Thailand. Please register for our tax alerts to stay informed of any changes.

No. A tax declaration or Tax ID Number (TIN) is not a current requirement for visa renewals in Thailand. If one has Thai tax obligations, then they’d be required to file a tax return, but this is not necessary for a Visa if they do not have personal income tax filing need.

There are two types of LTR visas which are exempt from foreign-sourced income with a royal decree: Wealthy Global Citizen and Wealthy Pensioner.

You can learn more about the tax benefits of Thailand’s Long-Term Resident (LTR) Visa here. 

No. There is only one type of visa that is now exempt from foreign-sourced income tax, which is the LTR visa.

You can learn more about the tax benefits of Thailand’s Long-Term Resident (LTR) Visa here. 

This may be the right option for certain people, depending on their circumstances. However, you must meet the criteria and requirements for the LTR.

You can find out more about the tax benefits of Thailand’s Long-Term Resident (LTR) Visa here. 

No it doesn’t, but it does have a favourable tax rate. There are 4 LTR Visa types and the Highly Skilled Professionals LTR Visa is intended for individuals who have their main income earned while working within Thailand. This category has a flat personal income tax rate of 17% rather than a tax exemption on foreign remittances.

You can learn more about the tax benefits of Thailand’s Long-Term Resident (LTR) Visa here. 

Any property needs to be in the applicant’s name to qualify as an investment under the requirements of the LTR. Therefore, the condo in your wife’s name cannot be used.

You can use the property to qualify for the property investment requirement, but as it is in joint-ownership between you and your wife, half of the purchase price can be used towards the investment requirement for the LTR as the property is considered to be shared 50:50 between the applicant and spouse.

If you are a Thai tax resident (180 days or more) and transfer in, carry across the border or spend on an ATM any funds from overseas that are classed as foreign sourced income, then this is potentially taxable. It doesn’t matter what the money is used for.

I recommend you watch our videos on this subject or podcasts which explain what is classed as taxable transfers

Yes the Wealthy Pensioner LTR is exempt from foreign sourced income if remitted the following tax year.