Expat Tax: Frequently Asked Questions

You must get a tax certificate or document to show that taxes are being paid in another jurisdiction. This can potentially be used to file as a credit against any tax owed in Thailand. You will need to file a Thai tax return, including the information of all funds remitted to Thailand.

If people have over 120,000 THB of foreign-sourced income that is remitted to Thailand, then they must file a Thai tax return regardless of whether they have a tax liability or not. For married couples who wish to file jointly, they must file if they have over 220,000 THB.

You can find out more on this short podcast, ‘Who Needs to File a Tax Return in Thailand and When?‘

Thailand currently uses a remittance-based tax system. You will only be taxed if you sell the crypto in a Thai tax year, realise a gain, and remit the proceeds to Thailand.

You can read more about cryptocurrency taxation here.

For Thai tax residents, capital gains are calculated based on the gains realised when selling assets. This applies regardless of whether the investments were held before 2024. It does not follow the “cash in the bank” rule.

No, as long as you can prove the money originated from income earned in Thailand and was not treated as taxable income after being sent overseas. Only the gains or interest earned on the money while overseas would be taxable.

In Thailand, foreigners are subject to taxation based on their residency status and the source of their income. Expatriates who reside in Thailand for a period of 180 days or more within a calendar year are considered tax residents and are obligated to pay tax on overseas income they bring into Thailand. Conversely, expatriates who stay in Thailand for 179 days or less within a calendar year are only required to pay tax on the income that is sourced within Thailand. The applicable income tax rates are progressive, ranging from 0% to 35%, depending on the amount of taxable income. It is imperative for expatriates to ensure compliance with Thai tax laws to avoid legal complications and penalties.

Learn more about the Thailand Revenue Department’s announcements on foreign sourced income here

In Thailand, expatriates are subject to taxation based on their residency status and the source of their income. Expatriates who reside in Thailand for a period of 180 days or more within a calendar year are considered tax residents and are obligated to pay tax on overseas income they bring into Thailand. Conversely, expatriates who stay in Thailand for 179 days or less within a calendar year are only required to pay tax on the income that is sourced within Thailand. The applicable income tax rates are progressive, ranging from 0% to 35%, depending on the amount of taxable income. It is imperative for expatriates to ensure compliance with Thai tax laws to avoid legal complications and penalties.

Learn more about the Thailand Revenue Department’s announcements on foreign sourced income here

Wihtholding tax is not deducted by receiving banks for personal funds remitted to Thailand. Any tax which is due on foreign sourced income remitted to Thailand for Thai tax resident needs to be declared on the tax return.

In Thailand, if you reside in the country for 180 days or more in a year, you are considered a tax resident. This means you have to pay tax on income you earn both inside and outside Thailand. However, income earned outside Thailand is taxed only if remitted to Thailand. If you do not reside in Thailand for 180 days or more, you only pay tax on the income you earn in Thailand.n

Foreign-sourced income is a taxable asset if remitted to Thailand for Thai tax residents.

Learn more about the Thailand Revenue Department’s announcements on foreign sourced income here

No. There is only one type of visa that is now exempt from foreign-sourced income tax, which is the LTR visa.

You can learn more about the tax benefits of Thailand’s Long-Term Resident (LTR) Visa here.