General Tax Queries

In Thailand, if you earn money by renting out property, you have to pay income tax on that rental income. This tax is progressive, meaning it can range from 0% to 35%, based on your total yearly income, including what you make from renting out property. For renting out non-residential properties, you might also need to pay a business tax called the House and Land Tax, which is 12.5% of the property’s annual rent or its assessed value, whichever is more. Property owners must report their rental earnings each year and pay the necessary taxes to the Thai Revenue Department. Keeping precise records of rental income and related costs is crucial to comply with Thai tax regulations.

It depends on the source of the savings. Cash In the bank from pre-2024 can be remitted to Thailand and isnt assessable income.

if the sale occurred before becoming a Thai tax resident, the proceeds are not taxable. If the sale is conducted while a tax resident, they are taxable if brought into Thailand. We would recommend that you get professional advice before remitting proceeds from a property sale. More on property here