My Favorite Way To Make Friends Overseas
A man extends his hand to a woman he barely knows. She smiles and accepts. He leads her to an...
Read moreInformation 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 |
A man extends his hand to a woman he barely knows. She smiles and accepts. He leads her to an...
Read moreA man extends his hand to a woman he barely knows. She smiles and accepts. He leads her to an...
Read moreA man extends his hand to a woman he barely knows. She smiles and accepts. He leads her to an...
Read moreWhen you consider the kinds of culture shock you might experience when you move overseas, it's usually related to food, weather, or language. Most of us don't think about something like our concept of time being changed. Tick tock, tick tock... time is time, right? After two decades in Thailand, I realize that my concept of time bears little resemblance to that of my fellow countrymen living in America. Please understand, I'm not referring to the old expat clichés about...
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© 2008-2023 - Live and Invest Overseas - All Rights Reserved.
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