If I bring my 400,000 bt. Into Thailand to put into my Thai bank account for my marriage visa will that be considered income for tax reasons?
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TLDR : Answer Summary
Bringing 400,000 THB into Thailand for a marriage visa typically will not be considered taxable income, especially if the funds are from personal savings and not earned in Thailand. The tax implications depend on the individual's residency status and how long they have spent in Thailand during the tax year. As long as the money was earned outside Thailand and not remitted in the same year it was earned, it is generally not subject to taxation.
married to a Thai wife and over 60 years old, you get combined tax allowances that will reach almost 600,000 THB per calendar year. Just visit the Tax Revenue Department in your place of residence and show them the bankbook and the monthly transfers. If you are below the 600,000 THB mark, they will tell you not to worry but to go home, but you should insist on a tax declaration receipt just in case Immigration wants to see it (which is only a speculation and most probably not going to happen)
the pensioner allowance of 190k is available to those who are 65 years of age or older, not 60.
Reply to
Pete *******
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Rok ********
All down to being a tax resident or not in the fiscal year of 400k remittance.
Charlie *********
Now that you have all the possible answers, and are unable to determine which is/are correct, please consult a tax or legal professional once you arrive. Maybe more than one. I’d also advise typing this question into AI - the answer you get from them may not be exactly accurate, but you will know it’s not coming from a know-it-all butthole with a fragile ego. 😉
Jim *******
Hardly anyone knows. A Marriage visa. If something lethal (God forbid sickness but motorbike crash) happens to your wife, you have 72 hours to leave Thailand, your children, and get an another visa from somewhere, hoewer distant.
you still need to file a tax return if you staying more the 180 day, and then you will see if and how much you need to pay in tax, also depends on the source of the income and also which year it was made
you only need to file if you have a filing requirement. Just being tax resident is not enough to be required to file. You can live in Thailand perfectly legal and never file taxes.
If you are not tax resident in the year you bring in the 400k it’s tax free.
If you bring in 400k from exempted income it’s tax free.
John **********
If you are, or become a Thai tax resident, in the year you bring it in the answer is it depends on whether it is income you bring in or savings accumulated prior to you becoming a Thai tax resident
Martyn ***********
Some long winded replies and with different reasoning? Short answer is.. It's not taxable.
Dana ****************
Thailand does not tax foreign income brought in, as long as it was earned outside Thailand and not remitted in the same tax year it was earned.
This 400,000 baht is typically personal savings or pension income, which is not taxed just for being transferred into a Thai bank account.
Dana ****************
Thanks for your input. My post refers to Thailand’s updated tax guidance: foreign-sourced income like pensions is not taxed if it’s brought into Thailand in a different tax year than when it was earned. This applies under current Revenue Department policy.
Of course, if someone remits income in the same year it's earned, that could trigger Thai tax obligations unless exempted. Always wise to consult a tax advisor.
Thanks for your input. My post refers to Thailand’s updated tax guidance: foreign-sourced income like pensions is not taxed if it’s brought into Thailand in a different tax year than when it was earned. This applies under current Revenue Department policy.
Of course, if someone remits income in the same year it's earned, that could trigger Thai tax obligations unless exempted. Always wise to consult a tax advisor.
Depends on your country and their DTA with Thailand. Depends on the source of the money. Depends on if you've been in Thailand for more than 180 days in a calendar year. So the answer is "it depends". Giving more complete info will get a more definitive answer.
According to Thailand's official rules, you can bring up to $20,000 USD or the currency equivalent into the country before you have to declare it to customs. If you're bringing Thai baht (THB) into the country rather than a foreign currency, the most you can carry with you is 500,000 THB.
The Thai banking system is the wild Wild West where no one really says anything about where your money comes from
Good Luck
Reply to
Jeremy ********
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