| 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 |
