Nomoretax.eu Thailand

10/01/2022

Internationalliving.com has ranked Thailand the best destination in Asia and the 11th best in the world in its 2022 global retirement index.

According to the website, the rankings and indices are based on various factors including the cost of living, food, medical cost, visa convenience, weather, things to do, tradition, and culture.

The website said Thailand has always been popular among retirees from around the world because the country does not offer only beaches and other beautiful natural attractions but also convenient places as well as friendly locals.

Bangkok, Chiang Mai, and Hua Hin of Prachuap Khirikhan are the top 3 cities among retirees. Foreigners can choose to live for different costs of living starting from 1,000 US dollars or around 33,000 baht per month.

Thailand is also well-known for its affordable and high-quality healthcare which is one of the first things retirees seek for healthy and secure living after retirement, while applying for and obtaining a long-stay visa is also easy and fast.

Meanwhile, this year’s top 10 countries for retirement are Panama, Costa Rica, Mexico, Portugal, Ecuador, Colombia, France, Malta, Spain, and Uruguay.

Source: https://internationalliving.com/the-best-places-to-retire/?utm_source=pr&utm_medium=pr-organic&utm_campaign=press-release

11/10/2021

The Revenue Department is looking into the possibility of lowering personal income tax for foreign experts to 17% in an effort to entice talented professionals from overseas to work in Thailand.

Director-General of the Revenue Department, Ekniti Nitithanprapas said highly skilled professionals must be in the fields that Thailand falls short of and that they would be permitted to work anywhere in Thailand. He said the department is considering a valid period for this tax cut.

Thailand's personal income tax rate is progressive and is varied by salary level. Those with annual income from 150,001 baht to 300,000 baht are subject to 5% tax, while those with annual income above 5 million baht are subject to the top tax rate of 35%.

Nevertheless, Mr Ekniti indicated that only tax cuts alone might not be sufficient to entice foreign experts, adding that such factors as safety of the country and high quality of schools as well as medical care are somewhat needed to be taken into consideration.

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15/09/2021

Thailand aims to attract 1 million “high-potential” foreigners through an overhaul of visa rules that will boost investment and help the tourism-dependent economy, the government said.

07/09/2021

The Ministry of Tourism and Sports is going ahead with the phase 2 of reopening selected tourist areas in five provinces to foreign visitors from October 1, Minister Pipat Ratchakitprakarn said on Friday.

05/09/2021

05/09/2021

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05/09/2021