Thailand is not the place to retire anymore. Great to visit or live and work there, but not for retirees. Starting 1 Jan 2024 Thailand now taxes the income of retired Expats (including Pensions), if you live in Thailand 180 days or more in a year, while all the other countries in SEAsia do not. Hopefully Thailand will change their mind, but as it is now, starting on Jan 2025 Expats have been told to pay income taxes on the money they brought to Thailand from 1 Jan 2024 onwards. Thailand also wants to implement worldwide taxation, so even if you dont remit the money to Thailand they want to tax it . No matter how good their Visas are or the country is - for retired Expats Thailand is not the best option (we are leaving).
@@Siam.Villas_realestate I live here !! Massive exodus to Philippines, Malaysia, Vietnam, Cambodia and others where they dont tax retired Expats - happening right now.
@@siam.villas Done that - right now definitely an Expat's pension is taxable income unless their DTA excludes it. USA's does, most including mine does not. I got tax advice - and a quote to lodge a return. Unless Thailand makes exemption (like Philippines, Malaysia, etc etc ) we are out of here.
What didn't we reveal in the video?
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Love the editing, presentation and Siam Villas 🙌🙌
Good work Ollie!
Great presentation Oliver - love your Italian lineage of speaking with your hands. Good luck w. this.
Appreciate that. Hope it was informative and glad to answer any questions you might have about Thailand 😁
Really Italian 😂😂😂
All is true🎉🎉🎉
Thank you, we did our best to cover the topic honestly and in detail.
Thailand is not the place to retire anymore. Great to visit or live and work there, but not for retirees. Starting 1 Jan 2024 Thailand now taxes the income of retired Expats (including Pensions), if you live in Thailand 180 days or more in a year, while all the other countries in SEAsia do not. Hopefully Thailand will change their mind, but as it is now, starting on Jan 2025 Expats have been told to pay income taxes on the money they brought to Thailand from 1 Jan 2024 onwards. Thailand also wants to implement worldwide taxation, so even if you dont remit the money to Thailand they want to tax it . No matter how good their Visas are or the country is - for retired Expats Thailand is not the best option (we are leaving).
Who told you that? Social media which increase click-through rates with loud topics? It's not true. Check with your accountant first 😀
@@Siam.Villas_realestate I live here !! Massive exodus to Philippines, Malaysia, Vietnam, Cambodia and others where they dont tax retired Expats - happening right now.
@@AussieBob999 Thai government is not gonna tax your pension for sure. This law has other goals. Please take a consultation with local accountants
@@siam.villas Done that - right now definitely an Expat's pension is taxable income unless their DTA excludes it. USA's does, most including mine does not. I got tax advice - and a quote to lodge a return. Unless Thailand makes exemption (like Philippines, Malaysia, etc etc ) we are out of here.
@@AussieBob999 That must and definitely will be changed