{"id":85425,"date":"2023-02-23T10:31:14","date_gmt":"2023-02-23T03:31:14","guid":{"rendered":"https:\/\/www.franco-media.com\/?p=85425"},"modified":"2024-09-10T16:06:56","modified_gmt":"2024-09-10T09:06:56","slug":"what-is-tax-free-retirement-in-thailand","status":"publish","type":"post","link":"https:\/\/www.franco-media.com\/en\/what-is-tax-free-retirement-in-thailand\/","title":{"rendered":"What is TAX free retirement in Thailand?"},"content":{"rendered":"
[vc_row][vc_column][vc_custom_heading text=”What is TAX free retirement in Thailand?” font_container=”tag:h1|text_align:left” use_theme_fonts=”yes” css=””][vc_column_text css=””]\"\"<\/p>\n

After living in Thailand for six months, you will be required to pay income taxes on both domestic and international income, even if you do not have a work visa. It is recommended to work with a tax accountant to file your taxes since everything is in Thai.<\/p>\n

However, Thailand has agreements with several other countries to prevent double taxation on income. Income earned inside Thailand during retirement is the only income subject to tax, while personal income from pension, interest, or other income sources in your home country is not subject to income tax in Thailand.<\/p>\n

This creates a 100% tax-free retirement in Thailand. If you have rental property within Thailand that generates income, you will be taxed on that income. Thai personal income tax is significantly lower compared to Western countries, with no income tax on the first THB 150,000. Note that this does not apply to retirees who bring in income from abroad.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Is it Safe to Buy Property in Thailand?” font_container=”tag:h3|text_align:left|color:%2300c3d8″ google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal”][vc_column_text]Regardless of what we are purchasing, we all desire a good deal with high returns, low cost, and minimal risk. Thailand boasts rather strong property ownership laws and security, especially when compared to other places in the region, so there shouldn’t be any issues with the government.<\/p>\n

Any issues that arise will likely come from the development company, real estate agent, or seller. We strongly recommend purchasing property in Thailand from a property developer with a solid reputation and at least one or two completed projects built to high standards with satisfied customers. Developers of this kind typically don’t pose major issues.<\/p>\n

\"\"<\/p>\n

It’s also recommended to hire a third-party inspector once the property is built and ready to be transferred. It’s rare for a completed house to be transferred in perfect condition without any problems at all.<\/p>\n

Inspectors know what to look for and can add far more value than their services cost. If defects are found, the property developer will fix them free of charge. Most developers offer a warranty period of at least one or two years. However, they are more likely to fix problems if they are brought up before the transfer occurs and the deal is finalized.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Home<\/a><\/span><\/span>[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"

After living in Thailand for six months, you will be required to pay income taxes on both domestic and international income, even if you do not have a work visa. It is recommended to work with a tax accountant to file your taxes since everything is in Thai. However, Thailand has agreements with several other countries to prevent double taxation on income. Income earned inside Thailand during retirement is…<\/p>\n","protected":false},"author":1,"featured_media":85300,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1869,1862,1868],"tags":[1444],"class_list":["post-85425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","category-miscellaneous","category-real-estate","tag-phuket-en"],"yoast_head":"\nWhat is TAX free retirement in Thailand? 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