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Taxability

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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.

Taxability

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I have an Australian superannuation account. The capital amount in it was earned years ago (I have been retired for 7 years) and only grows by investment income, not contributions. Because some of this was pre-2024, does this mean the income was accrued before I became a tax resident, and what is actually assessable?

If you are a Thai tax resident, it is only remittance that becomes assessable. If funds are left overseas, they are not taxed in Thailand. However, if funds are remitted into Thailand, it is potentially taxable. There are no exemptions for pensions for pre-2024 values. You can find detailed guidance on what constitutes assessable income here. 

Category: Taxability
Tags: Australia, Pension, Pre-2024, Taxable Assets, Taxable Income
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I understand that overseas stocks and shares are taxed on capital gains, is this calculated on initial value as of date of purchase or as of 31 Dec 2023?

Stocks and shares, are taxed on the capital gains if they are remitted to Thailand. It is calculated since the date you have held the shares, not 31st December 2023.nn

Category: Taxability
Tags: Capital Gains, Pre-2024, Taxable Assets, Taxable Income
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If a Thai tax resident remits pre-2024 savings, will they be taxed in later years?

No, pre-2024 savings remain non-taxable if remitted in future years, provided proper records are maintained.

Category: Taxability
Tag: Pre-2024

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.