about the new tax law for foreigners

Tax
In Thailand

Last Updated: Mar 22, 2024

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

Answers (3)

Posted Fri, Mar 22, 2024 11:11 AM

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. For more information, please contact our firm at [email protected]. Thanks.

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Posted Sat, Mar 23, 2024 2:52 AM

Is the income earnings or pension??

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Posted Fri, Apr 26, 2024 4:22 AM

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.

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