Question 1

I plan to be employed (as a teacher) in Thailand in 2025. I think I will be in Thailand long enough to be considered a tax resident. If I withdraw cash from an ATM in Thailand, but it is money from my savings (already taxed in the U.S. in previous years obviously), then would that withdrawn money from the ATM be assessable under the new Thai tax changes?

Chas Begley · Accepted Answer

It depends on the source of the funds. If it is from taxable income when you were a Thai tax resident then this is classed as remittance

Question 2

I plan to be employed (as a teacher) in Thailand in 2025. I think I will be in Thailand long enough to be considered a tax resident. If I withdraw cash from an ATM in Thailand, but it is money from my savings (already taxed in the U.S. in previous years obviously), then would that withdrawn money from the ATM be assessable under the new Thai tax changes?

Chas Begley · Accepted Answer

It depends on the source of the funds. If it is from taxable income when you were a Thai tax resident then this is classed as remittance

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