I have found some information regarding taxation for foreigners in Thailand, sourced from a PDF file from the Thai Revenue Department, which I would like to share for reference.
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TLDR : Answer Summary
The conversation revolves around taxation issues for foreigners in Thailand, especially those on a DTV (Digital Nomad Visa). Questions raised include understanding tax residency status, income tax obligations, and what constitutes remittances. Respondents express confusion about how tax residency is determined and if ATM withdrawals or credit card expenses are subject to taxation. There is also commentary on the perceived inequity of taxation without representation.
much money you brought into the country when you dont have a thai bank account? where would you even get that overview and proof for filing the tax return form?
As a Thai tax resident it is your task to provide them with correct info.
When you don't do that, it might be difficult for them to get the information, but when they afterwards find out you provided wrong information, you might be fined.
not correct, the fact the bank does report does not change the fact that it is still up to you to present correct figures. The reports of banks are used to check if you support correct figures.
correct info would be, credit brought to thailand is not income, so no need to report, its up to the bank if they report it to the authorities, that was my point
Money brought to Thailand can be taxed, it is up to you to prove there is an exception for the money you brought in, like you already owned exactly this money before 2024.
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Luit *****************
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Hans *******************
Thanks, but where is the new information? This explanation doesn't help.
Lincoln **********
The part that still isn't clear to me is what is meant by "remitted to thailand"? Are ATM withdrawals in Thailand from my US bank account considered remittances? What about expenses in Thailand paid for with my US credit card? Debit card?
So am I considered a Thailand Tax resident if I reside in Thailand under DTV? My New Zealand bank just asked me what is my tax residency country and I said it's not NZ anymore because I left and it's not Thailand either because employment is prohibited on DTV. Should I update and say I actually am a Thailand Tax resident? 🤔
DTV does not make you tax resident in Thailand. Only when you want to stay over 180 days in a year, not something most digital nomads do.
Leaving your home country does not in all cases mean you are no longer tax resident there, in some countrys you explicitly have to deregister as tax resident.
you automatically become Thai tax resident after residing 180 days or more in a tax year inside the Kingdom. That does not mean you have to file taxes it just means you are subject to Thai tax law.
Lina **********
Pete Power ok thanks for clarifying that , really helps . I was confused about that
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Lina **********
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Mike **********
how do they conclude the remittance in was income from 2023 vs. 2024? I am skeptical of this being enforced well if at all in the near term really.
Thai employment is independent of tax residency. Probably a hard reading is you're a resident for tax purposes if there > 180d
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Mike **********
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Dennis ************
So first i have to beg for some tourist visa and then im sepose to pay income tax in Thailand? Even if it's not garanteed i can get back in the country if i go on a holiday.
Ik weet dat je kunt verlengen, maar ik zie het me niet snel doen.
Het feit dat je moet verlengen zegt al genoeg over de bedoeling van het DTV visum.
Het is ook niet voor niets dat in de informatie de termen workcation en digital nomad worden gebruikt, dat zijn allebei situaties waarbij iemand niet permanent in het land woont, maar alleen gedurende langere perioden.
Ik krijg hier vaak de indruk dat velen continu in Thailand willen gaan wonen met dit visum, maar daar is het niet voor gemaakt.
Als dat wel zo zijn, dan was wel gekozen voor de mogelijkheid om niet het land uit te gaan en elk jaar te verlengen.
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Luit *****************
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Charles **********
Taxation without representation or any benefits, what a joke.
Pay 30% tax for what when already contributing the spending power of 3-4 Thai average income to the economy …
Not sure why you’d say it’s a joke. Hardly any country where you become a tax resident if spending more than 180 days gives you voting rights. Thailand provides you with the benefit of an easy 5-year visa, an excellent low-cost infrastructure (cheap internet, good roads, very safe, VAT only 7% etc.), so you also benefit from the conditions here to derive your income from your remote work - it’s just fair that you’d also pay a portion of your income as tax here then so the state can maintain the current level or improve. Paying taxes here also allows you to make use of tax deductions (e.g. investment in Thai ESG funds, donations etc.), so you are treated just as any other tax payer here
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Anonymous ******************
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Stef *****
I plan to stay more than 180 days a year but I am keeping my main French bank account. Does that mean that I am subject to tax on all the money I bring into Thailand? Like withdrawals at ATMs for example?
once you automatically become Thai tax resident it means you are subject to Thai tax law. The requirement to pay Income tax will be dependent on your personal financial circumstances. You may or may not have a tax liability.
merci pour l'info. Après perso je suis auto entrepreneur en France mais mes clients principaux sont aux US et en Australie et je vois que dans ce cas je ne paierai pas d'impôts sur ces revenus, seulement sur les revenus de source française.