The new tax law applies to Long-Term-Residency holders who receive income within Thailand or overseas. Nevertheless, there are 4 aspects in this regard.Only income earned inside Thailand shall be subjected to tax during retirement. Therefore, you will not be obliged to pay any taxes for any income you have. The Thai retirement visa for US citizens is issued to retirees or applicants who wish to visit and retire in the Kingdom of Thailand. Foreigners now need to keep 800,000 Thai Baht in their Thai bank accounts for three months. This after their retirement extension is granted. Explore Thailand's pension system, including application procedures, contribution rates, and supplementary retirement funds. The state pension age in Thailand is 60, at which point Thai nationals become eligible for a monthly Old Age Allowance (OAA). In a previous video, Hailey explained how to get a Thai Elite Visa.