Taxation

**Richard24** · 16-06-2009, 06:15 AM

If a pensioner decides to retire to Thailand with a modest pension, but planning to live on interest from savings invested in a bank, what are the rules about taxation and how heavy is it likely to be? That would sway the decision one way or the other. Or perhaps the interest could simply accrue and stay outside the country.
Forgive me if this topic has already been posted elsewhere.

**dirtydog** · 16-06-2009, 06:32 AM

I assume you would be taxed at source so no need to pay tax in Thailand.

**Muadib** · 16-06-2009, 07:01 AM

Since your location is 'North America', I've got a 50 / 50 guess that you're an American... If so, research the IRS tax laws on US citizens who live outside the continental United States for more than 335 days per year... You will find that the first $87,600 of income derived from any source is tax exempt...

International Tax Tips for Expatriate Americans and Avoiding Tax Domicile Problems after Moving Abroad

**RPETER65** · 16-06-2009, 07:20 AM

Originally Posted by Richard24

If a pensioner decides to retire to Thailand with a modest pension, but planning to live on interest from savings invested in a bank, what are the rules about taxation and how heavy is it likely to be? That would sway the decision one way or the other. Or perhaps the interest could simply accrue and stay outside the country.
Forgive me if this topic has already been posted elsewhere.

if your money is invested outside Thailand you will have no tax liability in Thailand.If you are married to a Thai citizen with permanent residence status in the states be carefull how you file your income tax for the U.S.,if you file as living outside the U.S. that could be grounds of your wifes abandoning her permanent residence staus.

**jim1176** · 16-06-2009, 12:06 PM

Originally Posted by RPETER65

be carefull how you file your income tax for the U.S.,if you file as living outside the U.S. that could be grounds of your wifes abandoning her permanent residence staus.

doubtful, but all the better

**RPETER65** · 16-06-2009, 09:21 PM

Originally Posted by jim1176

Originally Posted by RPETER65

be carefull how you file your income tax for the U.S.,if you file as living outside the U.S. that could be grounds of your wifes abandoning her permanent residence staus.

doubtful, but all the better

Why do you say doubtful?

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