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Foreign-Sourced Income

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If I read Article 18 correctly, pensions originating in Canada are not taxable in Thailand. Did I read this correctly? Also, am I ever going to need to deal with Thai tax if I remit money to my account in Thailand. I see the statement that any amount over 120K Baht for a single is taxable. I assume that it won’t apply to me as I’m not a tax resident of Thailand. Again, am I correct on reading that?

The Canadian / Thai DTA is quite favourable for Thai tax residents. Pensions are only taxable in Canada and for investment capital gains you can use any tax paid in Canada as a credit.

Category: Foreign-Sourced Income
Tags: Canada, Capital Gains, Pension Income

Tax Advisory Disclaimer

The information on this website is for informational purposes only and is not professional tax advice. For full details, please consult our complete Tax Advisory Disclaimer.