Personal Income Tax is a tax collected from the general public who have any type of income. Unless there are laws granting exemptions, they are subject to tax.
The Condominium Act Amendment No. 4 B.E. 2551 allows foreigners to purchase and hold ownership of condominium units in Thailand up to 49% of the sales area of that project and the other 51% held by Thai individuals.
Under the Condominium Act 1979, which concerns freehold ownership, foreigners are permitted to own 49% of the total number of units in a building registered as a condominium.
Buying real estate in Thailand for foreigners is not difficult but it is a good idea to first understand the legal limitations on land ownership by foreigners in Thailand.
Elderly foreigners aged 50 years old or more who want to change the type of visa to stay in Thailand long-term should follow the following steps to get a Non-immigrant “O” visa, i.e., a retirement visa.
For Non-Immigrant Visa “O-A” (Long Stay), or a retirement visa, that is issued to applicants who are 50 years of age or older and wish to stay in Thailand for a period of not more than one year.
Copyright 2022, The Government Public Relations Department
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