Documentation and Compliance

Yes. If you have the account balances as of December 31st, 2023, then this is not taxable income in Thailand as per the November announcement. (Order No. P.162/2023)

To claim tax credits in Thailand, you must provide documentary evidence of German tax paid, such as:

• German tax assessments (Steuerbescheid)
• Withholding tax certificates from pensions or banks
• Proof of remittances into Thailand

Without sufficient documentation, Thailand may not grant the credit.

Learn more about the Thailand–Germany DTA in our full webinar here.