What are the tax implications for depositing a UK pension into a Thai bank?

Petr S. Van Valkenburg you're living in the past. US embassy, along with some others, stopped issuing Income Affidavits in January 2019. You now have to deposit a minimum of 65k baht every month (and show it's from a foreign source)

You talking about tax or retirement visa—not related

Does anybody know what amount of Thai tax one would be paying on depositing 65K into a Thai bank with funds coming from my pension from a UK bank?

Let me remind you what was posted

Broadly🤣🤣🤣they 100% correct and the latest 🙈🙈🙈

Dont you guys get it—you cannot live tax free—its either tax in Uk or Thailand—offset against double taxation treaty🤦‍♂️🤦‍♂️🤦‍♂️

Is that not what i explained🤦‍♂️🤦‍♂️🤦‍♂️

Statutory Residence Test (SRT): This determines if you are a resident or non-resident. It looks at days spent in the UK, ties to the UK (family, work, accommodation), and previous residency.

Non-Resident Status: If you are non-resident, you generally pay no UK tax on foreign income. You only pay UK tax on income earned in the UK.

Well what are you implying -he says that 65 k is remitted to his thai bank account monthly—so point number 1 is covered in the definition already and as per the law of 2024 all foreign income remitted here is taxable—by the way are you accredited and qualified to give tax advise

@Gregory *******

Being a qualified FA is not completely irrelevant—you’ll understand general concepts like residency and double taxation.

But it’s also not authoritative for Thai tax matters, especially if you’re not licensed in Thailand. Thai tax rules—particularly for foreigners—are very specific and have changed recently.

Where your argument goes wrong is this:

• You’re treating it as if all foreign income is automatically taxable once someone is a Thai tax resident. That’s not how the current rules work.

• Since 2024, the key condition is remittance into Thailand. Foreign-sourced income is only taxed when it is brought into Thailand—not simply because it exists or is earned abroad.

• You’re also oversimplifying by saying tax paid abroad is just “offset.” That depends on double tax agreements and specific conditions, not a blanket rule.

So yes—residency matters. But you’re collapsing multiple rules into one and missing the remittance condition, which is central to how Thailand taxes foreign income now.

Bottom line: being a Thai tax resident does not mean all foreign income is automatically taxable.

Cause there is no distinction since 2024–any income foreign or local is taxed since 2024–dont know why you carrying on about foreign income being exempt—the main part of the definition is where the person is a resident ito tax status—stop trying yo split hairs—you said as his receiving foreign income in thailand—its NON TAXABLE —which is incorrect—bottomline🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️

@Brandon ***********

because foreign income, remitted to thailand, is "normal" income . ( you may use foreign tax credit on it )

@Gregory *******

So you make a comment AFTER I comment on your original post, and then try to say what I said was wrong. It was not. Your original comment mentions absolutely NOTHING about foreign income.

Yeah thats all you can do is laugh—cause once again you proved wrong—you are not accredited or compliant—so should not be given advise in the first place🤣🤣🤣🤣🤦‍♂️🤦‍♂️🤦‍♂️

In Thailand, tax residency is established by staying in the country for 180 days or more in a calendar year. Residents are taxed on Thai-sourced income and, from 2024, foreign-sourced income brought into Thailand. Non-residents are only taxed on income earned within Thailand.

PwC

PwC

+5

Key Aspects of Thai Tax Residency

180-Day Rule: Individuals present in Thailand for 180 days or more (aggregated) in a calendar year are considered tax residents.

Tax Year: The tax year is the calendar year (January 1 – December 31).

Foreign Income Tax (2024 Rule): From January 1, 2024, residents with income earned abroad are subject to Personal Income Tax (PIT) if that income is remitted into Thailand in the same year or later years.

Income Tax Rates: Residents pay progressive tax rates up to 35% on their taxable income.

Tax Identification Number (TIN): Required for residents with income; they must file a tax return.

Certificate of Residence: Individuals can apply for a tax residency certificate (Form RO22) to support tax treaty benefits.

กรมสรรพากร

กรมสรรพากร

+6

Taxation for Non-Residents

If you stay less than 180 days, you are a non-resident.

You only pay tax on income generated from sources within Thailand (e.g., employment in Thailand, property rental).

Foreign income brought into Thailand is generally not taxed for non-residents.

YouTube

YouTube

Compliance and Best Practices

Keep Records: Maintain records of your stay in Thailand (e.g., passport stamps) to calculate days accurately.

Avoid Double Taxation: If you are a resident in Thailand and another country, Thailand has double taxation agreements (DTAs) with several countries to help prevent paying taxes twice.

Consult Professionals: Due to recent updates regarding foreign income taxation, consulting a tax expert is recommended.

It's better in Thailand

It's better in Thailand

+2

Thai tax residency rules for foreign creators? - Facebook

Jan 21, 2026 — Foreign workers in Thailand face stricter tax compliance as authorities move to align with international standards. Anyone residing in the country for 180 days ...

Facebook

You stick to your visa stuff and i will advise on the tax—i am qualified FA NOT YOU—it works on residency—the same as the 180 days here—what you talking about/-if its not taxed there is taxed here and then all the deductions kick in—go read up on the act before voicing your constant disagreements on posts without understanding the rules—stick to the visa stuff

So let me explain to you

It depends on residency and where he is resident/-

If he is resident here—he pays tax here//it does NOT have to be Thai income—if paid there—it will be offset against taxable income here—if he is tax resident here and yes then all the deductions kick in—one thing you need to learn—is 40 years experience beats your assumptions about tax issues—go read the act🤦‍♂️🤦‍♂️🤦‍♂️

John Lawrence 🆗️🆗️💯💯👏💯

John Lawrence they can’t get tax out of Thai people so how the hell are they going to chase such a small amount from double taxation countries citizens retired here. They want the off shore and digital nomads tax.