General Tax Queries

If the funds are proven to be pre-2024 savings, there is no need to file a tax return. Proper documentation (e.g., first-in, first-out records) is essential.

Yes, pre-2024 cash savings can be remitted tax-free in subsequent years if proper documentation is maintained.

No, as long as remitted funds can be proven to be pre-2024 savings and not foreign-sourced income like pensions or salaries, you do not need a TIN or to file a tax return.

If the money is in the bank from previous tax years, this can be remitted (transferred) to Thailand anytime In the future without a tax liability.

The date of remittance (transfer to Thailand) is when the funds were sent to Bangkok Bank. As this was before January 2024 then this is the date you use, if you convert the currency afterwards then that does not affect or impact this.

Please obtain a bank statement showing the account balances at 31st December 2023. This cash can then be potentially remitted to Thailand without any tax implications if it was pre-2024. Always put on the remittances ‘pre2024 savings.

Keep good records as you can be audited for up to 10 years.