Taxability

There is no rule within the Income Tax law in Thailand on credit card use, unlike other countries such as Singapore and the UK. This creates a problem as it becomes open to interpretation. It is important to consider whether overseas credit card transactions are within the spirit of the tax law, and what they are being used for. If it is to circumvent tax, it will be looked through and trated as remitted income. Ultimately, it is up to the tax payer to follow the remittance tax rules in Thailand and keep good records.