Question 1

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 2

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.

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?

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?

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