Pensionado Programs In Thailand And The Philippines
Retire To Asia—It's Easier Than Ever And Cheaper Than Anywhere Else On Earth Starting in the 1980s, when Costa Rica...
Read more
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 |
More Resources From Thailand
PLACES
ECONOMY
OTHER RESOURCES
LIVING
Popular Articles
Bangkok, Thailand, Is A Top City Retirement Option In Southeast Asia
The Best Place To Retire In Asia You May Never Have Considered More expatriates live in Bangkok, Thailand, than in...
Read more
Retirement In Hua Hin, Thailand, Vs Nha Trang, Vietnam
The Best Place To Retire In Southeast Asia? Hua Hin, Thailand, and Nha Trang, Vietnam, two pretty, coastal towns in...
Read moreThailand Articles
The 7 Best Islands In Thailand
Fine white sand, clear blue waters, hammocks swaying in the sea breeze, and the sun bathing you as you relax… this may be what you picture when you think of the islands in Thailand. It’s the typical beach vacation, but each island has many different beaches, each with its own character and rhythm. Hopefully you’ll be able to island hop and get to know a few of them, since travel within Thailand is cheap. Most islands have a little bit...
Read more
