Foreign-Sourced Income

Yes, digital nomads can utilise Double Taxation Agreements (DTAs) to minimise their tax liability in Thailand. Thailand has DTAs with over 60 countries.

DTAs prevent double taxation. If you are a tax resident, you can claim credits for taxes paid abroad on the same income. This lowers your Thai tax bill. For example, the US-Thailand DTA allows US expats to offset US taxes against Thai taxes. This can mean that you have no tax to pay in Thailand, but you still have an obligation to file.

We have lots of resources on Double Tax Agreements or, if you prefer, book a call with our team to discuss.

Yes, crypto and investment income can be taxed for DTV visa holders if they are tax residents.  Residents pay tax on Thai-sourced income and foreign income brought into Thailand, which includes capital gains or dividends derived from cryptocurrency. Mining income is also taxable.

For more information on cryptocurrency taxation in Thailand, please visit this link. Thailand has announced a five-year exemption on cryptocurrency gains; however, as of July 2025, this has not been confirmed. Under the proposal, the exemption will only apply to gains on licensed Thai exchanges.

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Yes. Thailand taxes only the foreign income that you remit or spend in Thailand. For example, if you earn $50,000 abroad but remit only $25,000, then Thai tax is calculated only on the $25,000.

No, under Thailand’s remittance basis of taxation, only income remitted into Thailand in the same year it is earned is taxable. Income left overseas is not taxed in Thailand. However, starting from 2024, any income earned in that year and remitted in the same year becomes taxable. Pre-2024 savings remain exempt regardless of when remitted.