I am a British national living in Koh Samui. I transfer money each month from my UK bank account to my Bangkok Bank account, but the source of funds is from personal savings and inheritance. Is this taxable?

If funds are savings from pre-2024 or inheritance, it does not need to be filed and you do not need to submit a tax return for those assets. You will need to keep clear records showing the moneys original source in case you are asked in the future.

Listen to a short podcast here to learn more about pre-2024 savings in relation to Thailand’s foreign-source income tax.