about the new tax law for foreigners

Question

I only have to pay taxes on the money I transfer to Thailand. How do I have to prove how much money I transfer? If I transfer let's say 1.000.000 Baht a year, how much do I have to pay for taxes if I paid already 130.000 Baht taxes in my home country? I am married to a Thai lady, I am older than 60 years... Thank you

AD Legal Firm · Accepted Answer

It is important to note that in Thailand, individuals who are considered tax residents (i.e., those who have resided in Thailand for 180 days or more) are eligible to receive a tax credit for the amount of tax already paid overseas. This is made possible through the Double Taxation Treaty that Thailand has entered into with other countries. As such, double taxation does not apply to tax residents in Thailand.

Lexiam Law · Answer

Only the income received overseas and/or in Thailand is subject to personal income tax. Transferred money is not subject to it but you have to declare the source and the purpose of transfer for it being able to be transferred back.

about the new tax law for foreigners

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