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.
How funds are treated depends on the source of the money remitted. Not all money remitted into Thailand is treated as income. This depends on whether the money was in the bank before becoming a tax resident and also if it was from non-income tax sources like inheritance for example.
As you are exempted from the income tax in your home country, its likely all of the income is taxable as earned income in Thailand. If the work was conducted while residing in Thailand, it is likely that all of the income is taxable.
This is dependent on the source of the income, whether it’s from assets like pension, income, investments, or capital gains. This is important so you can know if you have to file a tax return.
This is dependent on which airline is used. If booked through a Thai airline and paid through a Thai office, then this is remittance of foreign-sourced income and is taxable.
This article just means that Thailand is a remittance tax basis.. which means you’re only taxed on assets transferred to Thailand. If they are earned outside and not remitted (transferred in) then they are potentially not taxable, depending on the type of income.
It does not matter what the purpose of a transfer of funds is, but, rather, the source of the funds originally. For example, if it’s from a pension, income or investments it is taxable, it is from saving or income earned before becoming a tax resident it is not.
Tax liability is dependent on the source of the money that is remitted into Thailand. It does not matter what the purpose of a transfer of funds is, but, rather, the source of the funds originally. For example, if it’s from a pension, income or investments it is taxable, it is from saving or income earned before becoming a tax resident it is not.
This isnt inheritance, it would be a gift. You can gift your children assets if you wish, up to THB20m per annum. You should draw up a gift document and have this notarised. I recommend you gift the funds overseas and they remit the funds into Thailand.
Read our Expat’s Guide to Thailand Inheritance Tax to learn more.
No. The purpose is not relevant, the question is what is the source of the money remitted into Thailand. If it is foreign sourced income then it is assessable income.
This is assessable income. Its likely with your allowances and deductions you will have a little of no tax to pay. We can help you file this with our ‘Essential tax filing’ which is THB7,500 per year.
For more information for Australians watch our webinar here.
It depends on the source of the funds. If it is from taxable income when you were a Thai tax resident then this is classed as remittance
This depends if your UNICEF pension is tax exempt in Thailand. This is not in the revenue code and you will have to get written confirmation that this is tax exempt. We can help you obtain this / ask for this is you wish.
No you do not have to file a tax return for non-assessable income.
In this case, only gains, such as interest earned abroad, are taxable.
Yes. Any funds spent in Thailand from foreign income—whether paid to a school, a landlord, or transferred to a Thai spouse—count as remittance if you are a tax resident. These amounts must be included in your Thai tax return.
