Answered2 years ago
How do Thailand's new tax laws affect tax liabilities for funds transferred from overseas before gaining residency?
Some expert advice regarding Thailand's new tax laws:
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.
4 repliesnewest first
Click comment and we will ask for your email, then OTP, then name.
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.
They are currently discussing tax on worldwide income which will become more apparent in the coming weeks.
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.
Tony ********
@Mark ********
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 taxableMark *********
@Tony *******
Thanks Tony. Same plan as me.Activity
4 joined4
people
Related
25What are the new DTV application rules for UK residents in Thailand?
1k1062mo
What are the new requirements for DTV eVisa applications regarding proof of residency?
4.6k44392mo
What should expats on a DTV visa in Thailand know about tax obligations after staying more than 180 days?
1.1k1163mo
What are the tax implications of earning remote income while living in Hua Hin, Thailand on a DTV visa?
673554mo
What services are available to help with tax issues for expats in Thailand on a DTV visa?
572455mo
What are the tax obligations for expats in Thailand with an online income?
1k6155mo
What actions should I take regarding my tax liability in Thailand with UK rental income?
9.8k561786mo
What are the tax liabilities for income earned prior to 2024 in Thailand?
4.3k11356mo
How do DTV visa holders file taxes in Thailand if they stay longer than 180 days?
1.5k11101y
Is income earned remotely while on a DTV visa in Thailand considered Thailand-sourced for tax purposes?
4.6k40251y
What is the current concern about Thai taxation on expat remittances?
1.3k9111y
Do you have to pay taxes in Thailand on foreign income from remote work?
8.6k82611y
What are the tax implications of the 800,000 baht requirement for a Thai retirement visa?
19.7k1612211y
Is a Thai marriage visa eligible for a yearly tax return if I work in Thailand?
772462y
What do expats need to know about taxation as tax residents in Thailand?
1.3k4202y
What are the current tax implications for expats transferring savings to Thailand after January 2024?
14.2k1131432y
Do parents of international school students in Thailand need to pay taxes while living here?
6k56372y
Is it true that DTV holders become Thai tax residents after staying over 180 days?
9.4k83742y
Do DTV visa holders have to pay taxes in Thailand?
4.5k27172y
Can an Australian citizen lose their tax residency when living overseas, such as in Thailand?
7.6k75402y
What are the implications of the recent changes in Thailand's tax laws for expats?
11.7k114712y
What are the implications of the new Thai tax policy for retirees bringing money from their home country?
11.3k871302y
Is income tax exemption in Thailand possible for expats paying taxes in Germany?
5.1k48263y
What are the tax obligations for expats moving to Thailand under a retirement visa?
2.6k23124y
What do Americans need to know about filing FBAR for foreign bank accounts?
4.6k26754y
Resources
Need help with your Thai visa?
#1 visa agent · 4,000+ reviews · 100,000+ expats served