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How do Thailand's new tax laws affect tax liabilities for funds transferred from overseas before gaining residency?

Thailand tax laws tax residency income tax expat taxes remittance rules permanent residency tax implications for expats worldwide income taxation

Jul 4, 2024

6 months ago

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Some expert advice regarding Thailand's new tax laws:

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TLDR : Answer Summary

A user inquires about the tax implications of depositing overseas funds into Thailand before obtaining permanent residency. An expert response clarifies that the key factor is when the money is remitted to Thailand, regardless of when it was earned, and mentions ongoing discussions about taxing worldwide income.

Neil *********

The rule is when you remit the money into Thailand regardless of when it was earned etc so the days of January 1st this year is the date that matters

They are currently discussing tax on worldwide income which will become more apparent in the coming weeks.

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Mark *********

Question: If you deposit money 1-2 or more years into Thailand from overseas before you become a permanent resident of Thailand (180+ days) does that money become taxable when you do move into Thailand? I am wondering if it would be beneficial to do this before becoming a resident of Thailand.

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Tony ********

I will be sending money to Thailand before I move there permanently in Aug or Sept. This way by the end of the year end in Dec, I will still be under the 180 days and will not be a tax resident and my money will not be taxable

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Mark *********

Thanks Tony. Same plan as me.

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Mark *********

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