General Tax Queries

If the money is remitted from pre-2024 savings, it doesn’t need to be declared or filed because it is not a taxable income source. The notable amendment in Order No. P.162/2023 is the clarification added to the first item of Order No. P.161/2023, which stipulates that the new taxation rule does not affect income earned before 2024. This specific exemption provides a transitional period for taxpayers, allowing them to adapt to the new system without the worry of retrospective taxation.

You can learn more about pre-2024 savings in relation to Thailand’s foreign-source income tax by listening to a short podcast here.

If you remain in Thailand for 180 days or more in a calendar year, retired expats are classes as Thai tax residents. Depending on the source of income for anything remitted to Thailand, they could be liable for taxes in Thailand.

You can find out more about tax residency rules in Thailand by listening to a short podcast here. 

Starting in 2024, Thailand requires foreign retirees who are tax residents (those staying more than 179 days in a year) to pay taxes on foreign-earned income remitted to Thailand, with rates ranging from 0% to 35% based on the progressive personal income tax scale. This change, which includes pensions, may see taxes levied on these incomes, although Double Taxation Agreements (DTAs) between Thailand and many countries can mitigate this, potentially meaning any tax already paid can be credited against any income tax due. Notably, income accumulated in savings in the bank before moving to Thailand won’t be taxed if it was before the individual became a tax resident. Given the complexity of these new regulations, it’s advisable for foreign retirees to consult with tax professionals to navigate these changes efficiently and ensure compliance with Thai tax laws.

You can find out more about Thailand’s tax rates, allowances and deductions here or if you prefer to listen to a short podcast here

You will have to file a tax return, as this is over the single filing limit of THB120k and the married filing limit of THB220k.

This doesn’t mean you have to pay tax. It depends on your other allowances and deductions.

You can find out more about Thailand’s tax rates, allowances and deductions here or if you prefer to listen to a short podcast here

My interpretation is that you do not remit any pension funds from Switzerland. If you do not remit or transfer foreign-sourced income into Thailand, then you do not need to file a tax return.

Yes this is correct, Canadian pensions are not taxable in Thailand and do not need to be filed on a tax return. You still keep your 120k limit

It depends on your situation. If you’re a Thai tax resident (staying in Thailand for 180 days or more per year), you only need to file a Thai tax return if:

1. You have domestic income (e.g., rental property or salary).
2. You remit foreign-sourced income (e.g., pensions, capital gains, or dividends) above certain thresholds. For married individuals, pensions under 220,000 THB are exempt. For singles, the threshold drops to 120,000 THB for pensions. Other income types have lower thresholds.
   Tags: Filing Requirements, Tax Residency, Pension, Taxable Income, Foreign-Sourced Income

UK state pensions are taxable in Thailand if remitted. However, the exact tax treatment depends on the amount remitted due to Thailand’s allowances and deductions, which could mean you have to file but not have tax to pay. If you have less than THB220,000 remitted in a calendar year and are married, or less than THB120,000 if you are single, you do not need to file a Thai tax return for your UK state pension. If it is above these limits then you do, regardless if you have tax to pay or not.