Where To Retire Abroad In 2023
Where's the best place in the world to reposition yourself overseas in 2023? The answers are found in our just-released...
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Thailand Facts And Figures
Thai Facts And Figures
Information Type | Thailand Data |
|---|---|
Population | 66,560,000 (November 2019) |
Gross Domestic Product PPP (GDP) | US$540 billion (June 2020) |
GDP Per Capita | US$6,606 (June 2020) |
Inflation Rate | -1.06% (June 2020) |
Currency | Thai Baht (THB) |
Exchange Rate Versus U.S. Dollar | 31.32 baht per U.S. dollar (June 2020) |
Language | Thai, English (secondary language of the elite), Burmese, ethnic and regional dialects |
Capital | Bangkok |
Population of Capital City | BANGKOK (capital) 8.28 million; Samut Prakan 1.327 million (June 2020) |
Time Zone | UTC/GMT +7 hours |
Seasons | Tropical: rainy, warm, cloudy southwest monsoon (mid-May to September); dry, cool northeast monsoon (November to mid-March); southern isthmus always hot and humid |
International Dialing Code | 66 |
Electricity | 220V, 50Hz |
System of Government | Constitutional monarchy administered by military junta |
Current Leader | Prime Minister Prayut Chan-o-cha (since May 22, 2014) |
Income Tax Rate for Residents
| Residents are liable to tax on their worldwide income at progressive rates, from 0% to 37% |
Property Tax | Owner occupied and uninhabited dwellings pay no property tax. Rented properties are taxed 12.5% of the assessed annual rental value of the property. |
Capital Gains Tax | Capital gains are exempt from personal income tax if the shares sold are of a public company registered on the stock exchange of Thailand. Otherwise, gains are subject to the normal progressive personal income tax rates. |
Inheritance Tax | no |
Rental Income Tax | progressive rates from 10% to 37% |
Transfer Tax | 0.10% |
Sales Tax | 7% |
Restrictions on Foreign Ownership of Property | Thailand law generally prohibits foreigners from owning freehold land in Thailand |
Local Chamber of Commerce | http://www.thaichamber.org |
American Chamber of Commerce | http://www.amchamthailand.com/acct/asp/default.asp |
Primary Exports | Electronics, computer parts, automobiles and parts, electrical appliances, machinery and equipment, textiles and footwear, fishery products, rice and rubber |
Residency and Visa Requirements | Citizens of 48 countries (U.S. included) entering Thailand by air will be granted a 30 day stay. If such foreigners enter at the immigration checkpoints which border neighboring countries, they will be allowed to stay for 15 days each time |
Special Benefits for Foreign Residents or Retirees | Obtaining a Permanent Residence Permit also known as Residence Visa/Permanent Visa will allow you to stay in Thailand permanently without the need for a Visa. Thailand offers several residency visa options. Retirees typically want the non-immigrant “O-A” (long-stay) visa. |
National Airline | http://www.thaiairways.com |
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