Q: If I don’t remit my German income to Thailand, do I still have to pay Thai tax?

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.

Question 1

Is foreign income taxed in Thailand for DTV visa holders?

Chas Begley · Accepted Answer

Foreign income is taxed for DTV visa holders who have stayed in Thailand for more than 180 days in a calendar year qualifying them as tax residents.

If this is you, you are taxed on assessable foreign income that you bring into the country. Assessable income encompasses a broad range, including income from employment, freelance work, capital gains, rental income and intellectual property.

For more information, see our article on the tax implications of the DTV visa or book a call with our team to discuss your personal circumstances.

Question 2

What documents are required to prove foreign tax already paid in Germany?

Chas Begley · Accepted Answer

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.

Question 3

If I don’t remit my German income to Thailand, do I still have to pay Thai tax?

Chas Begley · Accepted Answer

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.

Question 4

How can I prove that money remitted is from before 2024 and not taxable?

Chas Begley · Accepted Answer

Pre-2024 funds can be remitted tax-free, but you must prove they were earned before 2024. The Revenue Department uses a 'first-in, first-out' method. For example, if you had €90,000 in your account at the end of 2023 and later withdrew €50,000, you can demonstrate this withdrawal came from pre-2024 savings. Bank statements are essential for proof.

Question 5

How do exchange rates affect tax on remittances?

Chas Begley · Accepted Answer

Tax is based on the amount remitted in Thai baht at the time of transfer or spending. The applicable exchange rate is taken from the Bank of Thailand on the date of the transaction. Average rates are not used; the exact daily rate applies.

Question 6

Do payments made in Thailand count as remittance if paid directly to schools, landlords, or a Thai spouse’s account?

Chas Begley · Accepted Answer

Yes. Any funds spent in Thailand from foreign income—whether paid to a school, a landlord, or transferred to a Thai spouse—count as remittance if you are a tax resident. These amounts must be included in your Thai tax return.

Question 7

If I remit only part of my income, is only that portion taxed?

Chas Begley · Accepted Answer

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.

Question 8

How is profit from a foreign trading account taxed?

Chas Begley · Accepted Answer

It is not the whole account profit that is taxed, but the gains on assets you sell and remit into Thailand. For example, if you sell shares for a gain and remit the proceeds, the gain portion is taxable in Thailand. Accurate records of cumulative gains are essential for compliance.

Question 9

Is crypto or investment income taxed for DTV holders?

Chas Begley · Accepted Answer

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.

If you would like to be kept up to date on this and other tax news, subscribe to our alerts here.

Question 10

Are digital nomads able to use DTAs to reduce tax liability in Thailand?

Chas Begley · Accepted Answer

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.

Question 11

I am a DTV visa holder based in Thailand all year. I pay tax on my income in the UK. Does the UK DTA exempt me from tax in Thailand?

Chas Begley · Accepted Answer

As a DTV visa holder staying in Thailand for over 180 days (i.e., all year), you are considered a Thai tax resident. You must pay personal income tax on Thai-sourced income and foreign income brought into Thailand, such as UK earnings. The UK-Thailand DTA does not exempt you from Thai tax but prevents double taxation. You can claim a tax credit in Thailand for taxes paid in the UK on the same income, reducing your Thai tax liability. Watch this video to find out more about how the UK-Thailand DTA works. DTAs can be complex to manage, so please don't hesitate to contact our team if you'd like to discuss further.

Question 12

Can I work remotely for a foreign company without paying Thai taxes on DTV?

Chas Begley · Accepted Answer

Yes, you can work remotely for a foreign company on a DTV visa without paying Thai taxes if you stay less than 180 days in a calendar year. Non-residents only pay tax on Thai-sourced income. Remote work for a foreign employer is not Thai-sourced. However, if you stay 180 days or more, you become a tax resident and any foreign income brought into Thailand is taxable and you must file a return. For more information on the DTV and tax, see our article here. If you would like to talk it through, book a call with our team.

Question 13

Do you pay tax on foreign income in Thailand?

Chas Begley · Accepted Answer

Yes, in Thailand, tax residents must pay taxes on their foreign-sourced income remitted to Thailand. This means if you're considered a tax resident in Thailand—defined as someone who spends 180 days or more in the country in a calendar year—you must include your income from abroad in your annual tax return and pay Thai taxes on it. However, to avoid double taxation (paying taxes on the same income in both Thailand and the country where the income was earned), Thailand has tax treaties with many countries that allow for tax credits or exemptions. It's important to consult a tax professional to understand how these treaties may apply to your situation and to ensure compliance with Thai tax laws while maximising available benefits. You can learn more about Thailand's new rules on foreign-sourced income here.

Question 14

How are capital gains on investments brought to Thailand after 1 January treated?

Chas Begley · Accepted Answer

Investments are taxed on all-time capital gains. Unlike pre-2024 cash in the bank, investment gains are taxable regardless of when the assets were acquired.

Question 15

Are proceeds from selling my UK house when I am not a Thai tax resident taxable if remitted to Thailand in the future?

Chas Begley · Accepted Answer

No, proceeds from selling an asset in a non-Thai tax year are not taxable in Thailand, provided the sale occurred while you were not a Thai tax resident.

Question 16

If I trade crypto offshore, will I be taxed in Thailand?

Chas Begley · Accepted Answer

Thailand currently uses a remittance-based tax system. You will only be taxed if you sell the crypto in a Thai tax year, realise a gain, and remit the proceeds to Thailand. You can read more about cryptocurrency taxation here.

Question 17

Are withdrawals from a Roth IRA taxable in Thailand?

Chas Begley · Accepted Answer

Yes, withdrawals from a Roth IRA remitted to Thailand are treated as pension income. The entire amount remitted, not just the gains, is considered taxable income.

Question 18

How is capital gains tax calculated on investments remitted to Thailand?

Chas Begley · Accepted Answer

For Thai tax residents, capital gains are calculated based on the gains realised when selling assets. This applies regardless of whether the investments were held before 2024. It does not follow the "cash in the bank" rule.

Question 19

If I read Article 18 correctly, pensions originating in Canada are not taxable in Thailand. Did I read this correctly? Also, am I ever going to need to deal with Thai tax if I remit money to my account in Thailand. I see the statement that any amount over 120K Baht for a single is taxable. I assume that it won't apply to me as I'm not a tax resident of Thailand. Again, am I correct on reading that?

Chas Begley · Accepted Answer

The Canadian / Thai DTA is quite favourable for Thai tax residents. Pensions are only taxable in Canada and for investment capital gains you can use any tax paid in Canada as a credit.

Question 20

-I'm a US resident trading options for income and am moving to Thailand soon. Will I be taxed twice; by USA and Thailand when staying over 180 days?

Chas Begley · Accepted Answer

If you transfer your investments to Thailand, you may be subject to capital gains tax. Any tax already paid can potentially be used as a credit against the tax owed in Thailand. Remitting funds to Thailand from investments would classify as an assessable income source.

Question 21

If foreign sourced income is remitted into a foreign currency account in Thailand, then at a later date, transferred into a Baht account, is the exchange rate to be used for income calculation the TT rate on the initial transfer date, or the second transfer date?

Chas Begley · Accepted Answer

It is calculated on the date it arrives in Thailand (the initial date received in your account); the currency is irrelevant, it is the date the funds are remitted and received in Thailand.

Question 22

What is actually taxable that moves into Thailand: is it everything that is transferred, or is it only certain asset classes?

Chas Begley · Accepted Answer

Not everything that is transferred into Thailand is taxed. Only assets that are classed as foreign-sourced income are liable to tax.

Question 23

If I pay more than 50% taxes within my salary in overseas Israel and the maximum tax in Thailand is 35%, will I be taxed based on the DTA? As I’m a higher rate taxpayer overseas, am I fully credited?

Chas Begley · Accepted Answer

If it can be proven that the work was done overseas, and the salary is not from work conducted in Thailand, then you can justify that it is not liable for tax in Thailand. However, if the work was conducted whilst living and working in Thailand, then it is potentially taxable in Thailand.

Question 24

I have the government pension from the UK, a private pension, and income from property. At the moment I put these directly into my HSBC bank account and transfer randomly. Going forward, should I get these paid directly into my Thai bank account? This may avoid me having to put them through the UK tax system. However, by putting them through the UK tax system, I get a better personal allowance.

Chas Begley · Accepted Answer

You cannot avoid or change the jurisdiction you want to be taxed if you are a Thai tax resident, and you have overseas assets. For example, a UK pensioner cannot easily get an NT tax code while being a Thai tax resident, meaning tax will usually be deducted at the source in the UK. If you then transfer funds into Thailand, it’s taxable, but you can potentially use any tax paid as a credit against taxes owed in Thailand.

Taxability

Categories

Taxability

Is foreign income taxed in Thailand for DTV visa holders?

If I don’t remit my German income to Thailand, do I still have to pay Thai tax?

Do payments made in Thailand count as remittance if paid directly to schools, landlords, or a Thai spouse’s account?

If I remit only part of my income, is only that portion taxed?

How is profit from a foreign trading account taxed?

Is crypto or investment income taxed for DTV holders?

Categories

Taxability

Categories

FAQ Tags

Taxability

Is foreign income taxed in Thailand for DTV visa holders?

If I don’t remit my German income to Thailand, do I still have to pay Thai tax?

Do payments made in Thailand count as remittance if paid directly to schools, landlords, or a Thai spouse’s account?

If I remit only part of my income, is only that portion taxed?

How is profit from a foreign trading account taxed?

Is crypto or investment income taxed for DTV holders?

Categories

FAQ Tags