General Tax Queries

In response to evolving economic conditions, Thailand has introduced a significant tax regulation, effective from 1 January 2024. As announced by the Revenue Department of Thailand, Order No. 16/2023 mandates that Thai tax residents must report and pay income tax on foreign-earned income that is remitted to Thailand. This includes salaries from overseas employment, pensions, investment income such as dividends and capital gains, and rental income from abroad. It is important to note that this change marks a departure from previous tax practices, wherein expatriates were not required to pay Thai income tax on foreign-earned income brought into the country. This rule change affects foreigners and Thai nationals alike and is not a ‘new tax on foreigners’

Learn more about the Thailand Revenue Department’s announcements on foreign sourced income here