What is the Thai Revenue Department’s definition of expatriate “savings” brought into Thailand, especially when these savings historically originated as “income”? If I receive a private pension from the UK and deposit the entire amount into a bank savings account in Thailand, how long must it remain in the savings account for the Thai Revenue Department to classify it as “savings” and not as income? This is important because you mentioned that “savings” transferred to Thailand (excluding interest/dividends) are not considered “income” and are therefore not taxable.

April 17, 2024