Taxability
ข้อสงวนสิทธิ์ในการให้คำแนะนำด้านภาษี
ข้อมูลบนเว็บไซต์นี้มีวัตถุประสงค์เพื่อให้ข้อมูลเท่านั้น และไม่ถือเป็นคำแนะนำด้านภาษีจากผู้เชี่ยวชาญ สำหรับรายละเอียดเพิ่มเติม โปรดดูรายละเอียดฉบับเต็มของเรา ข้อสงวนสิทธิ์ในการให้คำแนะนำด้านภาษี.
Foreign equities, like capital gains on overseas investments, are taxed on the capital gains on the structure since you have held it, not since you have become a Thai tax resident.
This is dependent on where and how the gold is held. It is potentially taxable if it’s overseas in an investment account and you have a gold ETF. If it makes a profit and you sell that asset and remit into Thailand, you will be taxed on capital gains. You cannot use losses to offset future gains or for other assets or asset classes. There maybe tax credits available if tax has been paid in the other jurisdiction, depending on the DTA between that country and Thailand.
If you are a Thai tax resident, it is only remittance that becomes assessable. If funds are left overseas, they are not taxed in Thailand. However, if funds are remitted into Thailand, it is potentially taxable. There are no exemptions for pensions for pre-2024 values. You can find detailed guidance on what constitutes assessable income here.
Fixed deposits are taxed on the capital gains that have been made and what percentage of the gains are remitted into Thailand. You will have to declare this on your tax return. There maybe tax credits available if tax has been paid in the other jurisdiction, depending on the DTA between that country and Thailand.
If you have investments and have not made a profit, so there is only capital and no gain, you can potentially remit that into Thailand without any tax implication or obligation. It is best to check this with a tax advisor before remitting the funds if you are unsure.
It is up to you to go through these funds and calculate what are the capital gains, dividends and interests on those assets. You need to keep clear records for each asset type. Remember it is up to the tax payer to prove what the source of remittance is from and how they are to be taxed.
Read our A Guide to Understanding Assessable Foreign-Sourced Income in Thailand to learn more.
This is a general overseas investment account. You will be potentially taxed on funds that are remitted to Thailand. You are taxed on the capital gains. If you do not remit the funds to Thailand, they are not liable for tax in Thailand and do not need to be declared. If you do remit the funds to Thailand,and there have been capital gains, this needs to be declared on your tax return.
Yes, these are taxable if remitted to Thailand. You are taxed on the capital gains.
Yes, dividends are taxed in Thailand. The rate of taxation can vary depending on whether the recipient is a resident or non-resident individual or a corporation, as well as other factors such as the source of the dividend income. Generally, for individual shareholders, dividends received from Thai companies are subject to a withholding tax, which may be credited against their personal income tax liability. Dividends from overseas are taxable if remitted to Thailand.
In Thailand, capital gains are subject to taxation, but the specifics depend on the nature of the gain and the taxpayer. Generally, capital gains earned by individuals from the sale of shares and property are subject to personal income tax, with rates varying from 0% to 35% based on the individual’s total annual income. However, for residents, capital gains from securities traded on the Stock Exchange of Thailand are exempt from tax. Capital gains from overseas investments are taxed if remitted into Thailand.
In Thailand, the tax implications of selling a house can vary based on several factors, including the duration of ownership and the type of property. Generally, sellers are subject to several potential taxes: Transfer Fee (2% of the registered value), Stamp Duty (0.5% unless exempt, in which case a Specific Business Tax of 3.3% applies), Withholding Tax (calculated at a flat rate of 15% of the assessed or actual selling price for corporations, or under a progressive income tax rate for individuals), and Capital Gains Tax, which is often considered under the Withholding Tax for individuals. The exact tax liability can depend on whether the seller is a company or an individual, the length of property ownership, and any applicable exemptions or deductions. It’s advisable for sellers to consult with a tax professional to understand their specific tax obligations and potential exemptions that may apply to their situation.
Stocks and shares, are taxed on the capital gains if they are remitted to Thailand. It is calculated since the date you have held the shares, not 31st December 2023.nn
Inheritance from someone living outside Thailand is not subject to Thai income tax. However, it’s important to keep detailed records of the transaction. I also recommend keeping this inheritance separate from any taxable assets in the bank account where it is deposited.
