Answered2 years ago
Are transfers from Australian superannuation to Thailand bank accounts tax-free due to reciprocal tax agreements?
For the Aussies in this group...
Since your superannuation was 1) taxed when the money was deposited, and 2) the withdrawals are tax free (at least in Australia)
Are transfers from your superannuation into your bank account 1) tax free due to reciprocal tax agreements with Australia, or 2) taxed since they consider the *withdrawal* as having been non-taxed?
Alternatively, if the transfer went from superannuation -> Wise -> convert AUD to THB -> transfer to Thai bank account, would this audit trail suffice to support your answer to the above question?
Finally, can you recommend a good accountant in Bangkok that would be familiar with this issue?
Since your superannuation was 1) taxed when the money was deposited, and 2) the withdrawals are tax free (at least in Australia)
Are transfers from your superannuation into your bank account 1) tax free due to reciprocal tax agreements with Australia, or 2) taxed since they consider the *withdrawal* as having been non-taxed?
Alternatively, if the transfer went from superannuation -> Wise -> convert AUD to THB -> transfer to Thai bank account, would this audit trail suffice to support your answer to the above question?
Finally, can you recommend a good accountant in Bangkok that would be familiar with this issue?
Answer summary
The post queries whether transfers from Australian superannuation funds into a Thai bank account are tax-free, given the tax treatment of superannuation withdrawal in Australia and potential reciprocal tax agreements between Australia and Thailand. It also inquires if an audit trail documenting the transfer process from superannuation to a Thai bank account would support a tax-free status. Lastly, the author seeks recommendations for accountants in Bangkok familiar with these tax issues.
5 repliesnewest first
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Tim *********
Your country's DTA will be in the public domain. Always best to look for the source material, than rely on a Facebook group
Christopher *************
@Tim ********
DTA'S are available on the Internet in pdf format , they vary greatly from one country to another unfortunatelyTim *********
@Christopher ************
Indeed they do. Most countries protected their citizens' pensions from the risk of additional taxation, but the UK only protected government pensions 🤨Christopher *************
@Tim ********
I know uk protected military and some public sector pensions onlyChristopher *************
Contact Carl at expattaxthailand.com
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