Waives personal income tax for three groups of foreign investors
22 Feb 2022
On 22, February 2022, the Government of Thailand approved waiving personal income tax for three groups of foreign taxpayers: high-income earners, retirees and foreigners who want to work remotely from Thailand. The beneficiaries would be considered investors eligible for long-term residence (LTR) visas.
The first group must invest at least $500,000 (16.35 million baht) in government bonds, property or otherwise in the form of foreign direct investment. They must have amassed at least $80,000 in income over the last two years and have $1 million in assets.
Foreign retirees must be at least 50 years old, have an annual income of $40,000 or more, and invest $250,000 in government bonds or real estate.
Professionals interested in working remotely from Thailand must prove they have annual income of at least $40,000, a master's degree or higher or rights in intellectual property, and five years of experience in a research field.
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Promotion and facilitation (Investment facilitation , Investment incentives)
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