Is income tax exemption in Thailand possible for expats paying taxes in Germany?

Marvin Gunther My understanding is that the assessment for tax in Thailand will be based upon income you receive in Thailand.. not income earned in Thailand.. and they will consider any deposit to your Thai bank account from overseas as 'income' irrespective of the fact you could be transferring money to Thailand from savings that you accumulated prior to the introduction of the new foreigner tax regime.. ie. from savings held prior to 1 Jan 2024.. so whether you are flipping a current month paycheck (or pension) just received into your overseas bank account to your Thai Bank account.. or whether you are moving funds you may have had on deposit overseas for the last 10-years.. once it hits your Thai Bank account the Thai tax authorities will deem it as income in the current tax year.. however if your home country has a double taxation agreement with Thailand.. and the tax assessment in Thailand is lower than the tax you have already been charged in your home country (on a current year basis).. then you will have nothing to worry about.. you simply produce proof of the home country tax charge to avoid any further taxation in Thailand.. on the other hand people who are in receipt of regular remittances to their Thai bank from overseas.. and with no tax charge in the current tax year in their home country.. could see the aggregate of all said remittances assessed for tax in Thailand.. that said the new tax regime is still being rolled out and may be subject to change once the authorities here begin to grasp the complexities of the system they are trying to introduce.. i believe their intention was to try and 'catch' people of working age who are employed by overseas companies and receive their income into overseas bank accounts.. these people may live in Thailand for more than 6 months of the year and could potentially avoid paying tax on their income in their home country as a result.. but also escape paying tax in Thailand since they were not previously on the tax radar here.. but it is likely to also catch retirees who live here comfortably on fairly modest pensions.. and the introduction of such a tax liability could severely disrupt their retirement plans.. with a reduction in disposable income directly also affecting the Thai family/s they may support.. so i remain hopeful that the foreigner tax legislation will be reviewed and amended before anyone has to actually submit a tax return.. and that is still some way off since this is the first year of operation.. and the first return will be based upon income received up to 31 Dec 2024.. though for those with Thai spouses.. it might be a good idea to remit incoming funds into their bank account initially.. since that would avoid scrutiny.. at least until things become clearer anyway.. just a thought ;)

If the business continues to earn revenue then you continue to pay tax. If you earn income for less than 6 months then your German taxes will correct themselves

Yes. If you pay tax on your income in Germany you won't in Thailand.

Interested as im in exactly the same situation except its Belgium and not Germany.

Also double taxation avoidance treaty. But I'm not sure if it cover capital gains on stock

i am going to a seminar tomorrow, i have an advanced summary of what will be said in pdf format. DM me and i will send to u.

If you take dividends as a passive owner, you should be able to claim German tax paid as a credit against Thai income tax payable for the amount you remit to Thailand.

If you draw a salary or participate in the management or operations of the German company while staying in Thailand, you need to evaluate whether the company has a permanent establishment in Thailand which would create a tax obligation for your company in Thailand as well.

I suggest you look on YouTube. There is a great deal of info given on this by Thai Lawyers who are better placed to answer your questions

You only pay taxes on the money you remit to Thailand earned after 2024.

Therefore you can remit your previous earnings tax free.

if u spend longer than 180 days in Thailand u must file a tax return for the work u do in Thailand u will get a tax credit u can offset against any tax in Germany as a result of your work in Thailand. Will be costly to be compliant.

No one knows but Germany has a tax treaty with Thailand to avoid double taxation