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, proceeds from selling an asset in a non-Thai tax year are not taxable in Thailand, provided the sale occurred while you were not a Thai tax resident.
Category: Foreign-Sourced Income
Rental income from overseas property is foreign-sourced income. It becomes taxable when the money enters Thailand and the income arose in a tax-resident year.
Rental income earned in a year you are not a Thai tax resident is not taxed when remitted. Tax paid overseas may be credited against Thai tax if you keep the necessary documents.
Category: Foreign-Sourced Income