Recent press reports, including coverage from Pattaya Mail, have highlighted that Thailand’s Ministry of Finance is reviewing tax rules on foreign-sourced income. The stated goal is to simplify fund repatriation for Thai citizens, but no tax exemptions have been announced and no official policy changes have been made.
What You Need to Know
✅ The current tax rules remain unchanged. Expats should continue to comply with existing tax obligations.
✅ 2024 tax filings are unaffected. Assessable foreign-sourced income remitted to Thailand remains taxable.
✅ The government is focusing on Thai citizens repatriating funds and it is unclear whether any changes will impact expats.
✅ We are monitoring developments and will update you on any official announcements.
What Does This Mean for Expats?
- For 2024 tax returns, nothing has changed. The existing tax rules apply.
- Income earned before 2024 remains non-taxable if remitted in 2024 or later.
- Any potential future changes may focus on making fund transfers easier, but no formal policy has been announced.
Keeping You Informed
We are in direct contact with the Thai Revenue Department (TRD) to confirm:
- Whether any planned changes could impact expats in the future.
- What specific adjustments the government is considering to streamline fund transfers.
At this stage, there is no change to your 2024 tax filing obligations. If any updates occur, we will provide clear guidance.
Need Help?
If you have any concerns or need assistance with your 2024 tax return, our team is here to help book a free support call here..
