Are funds earned abroad in 2024, while not a tax resident, subject to taxation in 2025 upon remittance?
Answer summary
Funds earned abroad in 2024 are generally not subject to Thai income tax upon remittance in 2025, especially if the individual was not a tax resident at the time the funds were earned. However, if the funds are deposited into a Thai bank account after the individual becomes a tax resident, there may be tax implications regarding those remittances.
2 repliesnewest first
3
Click comment and we will ask for your email, then OTP, then name.
John **********
It's more about when the funds were in your bank rather than when they were earned. If the funds appear in your home bank account after you become a Thai tax resident then thai income tax can be due on remittances