Foreign-Sourced 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.
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.
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.
Yes, you can work remotely for a foreign company on a DTV visa without paying Thai taxes if you stay less than 180 days in a calendar year. Non-residents only pay tax on Thai-sourced income. Remote work for a foreign employer is not Thai-sourced. However, if you stay 180 days or more, you become a tax resident and any foreign income brought into Thailand is taxable and you must file a return.
For more information on the DTV and tax, see our article here. If you would like to talk it through, book a call with our team.
It is not the whole account profit that is taxed, but the gains on assets you sell and remit into Thailand. For example, if you sell shares for a gain and remit the proceeds, the gain portion is taxable in Thailand. Accurate records of cumulative gains are essential for compliance.
Yes. Thailand taxes only the foreign income that you remit or spend in Thailand. For example, if you earn $50,000 abroad but remit only $25,000, then Thai tax is calculated only on the $25,000.
Yes. Any funds spent in Thailand from foreign income—whether paid to a school, a landlord, or transferred to a Thai spouse—count as remittance if you are a tax resident. These amounts must be included in your Thai tax return.
Tax is based on the amount remitted in Thai baht at the time of transfer or spending. The applicable exchange rate is taken from the Bank of Thailand on the date of the transaction. Average rates are not used; the exact daily rate applies.
No, under Thailand’s remittance basis of taxation, only income remitted into Thailand in the same year it is earned is taxable. Income left overseas is not taxed in Thailand. However, starting from 2024, any income earned in that year and remitted in the same year becomes taxable. Pre-2024 savings remain exempt regardless of when remitted.
