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| Information Type | Thailand Data |
|---|---|
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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) |
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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 |
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Capital |
Bangkok |
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Population of Capital City |
BANGKOK (capital) 8.28 million; Samut Prakan 1.327 million (June 2020) |
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Time Zone |
UTC/GMT +7 hours |
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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 |
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International Dialing Code |
66 |
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Electricity |
220V, 50Hz |
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System of Government |
Constitutional monarchy administered by military junta |
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Current Leader |
Prime Minister Prayut Chan-o-cha (since May 22, 2014) |
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Income Tax Rate for Residents |
Residents are liable to tax on their worldwide income at progressive rates, from 0% to 37% |
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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. |
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Inheritance Tax |
no |
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Rental Income Tax |
progressive rates from 10% to 37% |
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Transfer Tax |
0.10% |
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Sales Tax |
7% |
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Restrictions on Foreign Ownership of Property |
Thailand law generally prohibits foreigners from owning freehold land in Thailand |
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Local Chamber of Commerce |
http://www.thaichamber.org |
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American Chamber of Commerce |
http://www.amchamthailand.com/acct/asp/default.asp |
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Primary Exports |
Electronics, computer parts, automobiles and parts, electrical appliances, machinery and equipment, textiles and footwear, fishery products, rice and rubber |
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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 |
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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. |
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National Airline |
http://www.thaiairways.com |
