Thai tax residents are liable for tax on foreign sourced income if remitted to Thailand. From January 1, 2024, new tax rules apply to income from outside Thailand. If you’re a Thai tax resident and you bring in more than 120,000 THB (or 220,000 THB for married couples) from foreign retirement income to Thailand, you will need to file a Thai tax return. You do get Thai allowances and deductions, and can potentially use tax paid on that retirement income as a tax credit against tax owed in Thailand, but this depends on the specific DTA between the jurisdiction where your retirement pension is based and Thailand.
Learn more about tax filing requirements for expats in Thailand by listening to this short podcast.
Category: Taxability
