Taxability
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, inheritance is not taxed as income tax and does not need to be reported on an income tax return.
Read our Expat’s Guide to Thailand Inheritance Tax to learn more.
Social Security is not an assessable income source in Thailand due to the US & Thai Double Taxation agreement. This means Thailand has no right to tax this.
401k is an assessable income in Thailand if remitted. If you do remit your 401k to Thailand, then this is assessable as income. You can offset any taxes with the taxes paid on this money in the US as a tax credit.
Learn more about Double Tax Agreements for expats in Thailand by watching our video here.
No, under the US-Thailand DTA, Social Security income is not taxable in Thailand.
