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.
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.
To claim tax credits in Thailand, you must provide documentary evidence of German tax paid, such as:
- German tax assessments (Steuerbescheid)
- Withholding tax certificates from pensions or banks
- Proof of remittances into Thailand
Without sufficient documentation, Thailand may not grant the credit.
Learn more about the Thailand–Germany DTA in our full webinar here.
