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Wednesday, May 15, 2024

Elite Visa – Full-Time Resident Income Taxation

I just got approved for Elite Visa and have 30 days to pay. I applied before the price changes went into affect, but now the changes in tax law have me thinking about everything. I plan to live in Thailand full-time.

I am going to find a tax person and accountant to discuss my options; however, I am curious… can I even pay income taxes!? If I make all of my income from abroad and am considered a tax resident, my understanding is that my remitted income should be taxable in Thailand; however, I’m also not supposed to work while in Thailand… How would this even work out if I’m willing to pay taxes?

I don’t have a simple way to get LTR visas, so this seems like the best way to live in Thailand long-term.

Edit: Many people are simply not reading what I am writing… I am willing and able and planning on playing taxes for the income I remit, but I am getting mixed information regarding the viability of being on an Elite Visa and getting a Thai Tax ID and trying to pay taxes on that remitted income (since you are not supposed to work while on an Elite Visa).



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