Visa and Tax Declarations

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.

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

No, DTV visa holders do not receive tax exemptions, unlike those on the Long-Term Resident (LTR) visa. They are a different type of visa. You only pay tax with a DTV visa if you spend more than 180 days in Thailand in a year.

You can read more information on tax and the DTV visa here.

Yes. Some DTV holders later apply for the Long-Term Resident (LTR) visa, which can provide significant tax benefits. However, qualifying for the LTR has strict requirements, including income and investment thresholds. We recommend seeking advice before applying to understand the tax implications and eligibility.