A Tale Of Two Kings
When the King of Rock and Roll died in August 1977, his estate was valued at more than US$10 million....
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Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.Best For:
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Your passport to a life well-lived abroadSubscriptions
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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 | Thai Chamber of Commerce |
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 | Thai Airways |
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A Tale Of Two Kings
When the King of Rock and Roll died in August 1977, his estate was valued at more than US$10 million....
Read moreA Tale Of Two Kings
When the King of Rock and Roll died in August 1977, his estate was valued at more than US$10 million....
Read moreThailand Articles
Isolated Islands Where You Can Escape From Modern Life
In 1989, Italian schoolteacher Mauro Morandi was sailing between Corsica and Sardinia when the engine of his catamaran gave up. He washed up on the shores of Budelli—an island that had gone from hosting thousands of tourists a day to being placed under environmental protection. When Morandi showed up, the only inhabitant was the island’s caretaker who was preparing to retire. Morandi took the job and has been living the hermit life on pink-sand Budelli ever since. Also, Morandi made...
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