What documentation regarding income tax for foreigners in Thailand, especially retirees, is available in English?

Sep 23, 2024
3 months ago
Skip ********
ORIGINAL POSTER
I am seeking information.

It appears that the Thai government enacted income tax for foreigners effective Jan 2024, including retirees like me. Those of us who live here will be required to file a tax return by March 2025. My French friends have a document from their embassy showing how it will work. Alas, I don’t speak or read French, and even they could make neither head nor tales of the formulas for calculating the tax, let alone how to file a return.

Has the Thai government, or the US embassy, put out any such document? Or any other country that has published one in English?

I can see how this post could easily get hijacked with a lot of tangential comments (opinions), so if that happens I’ll just delete the post. Just the facts, please.
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TLDR : Answer Summary
The Thai government has enacted an income tax for foreigners, effective January 2024, and retirees are required to file a tax return by March 2025 if they have assessable income over 120,000 baht. There is currently no easily available documentation in English from the Thai government or other embassies explaining the new tax regulations. The community suggests consulting a tax specialist in Thailand for clarity on tax residency and filing obligations, as the rules are still being finalized.
Craig *********
1. Are you a tax resident of Thailand (180+ 1 day)

2. I see most don’t know the difference between income and savings. Bring in all the money you want but need to determine if the money coming in is savings, pre or post tax income. Like most countries most have double tax agreements. They can be complicated but no way is Thailand going to double tax. Doing that would kill their economy.
Henry *********
Don't you already pay home country tax for income derived from your home country?
Peter **********
no need to file unless your assessable income is over 120,000 baht
Jim ******
Speak to a tax specialist in Thailand.
John ***********
Your right, it is effective from 1st of January 2024, but the rules have not been ageed. So everyone is guessing.
Pete *******
There is no requirement to file a tax return unless you have accessible income.
Skip ********
ORIGINAL POSTER
How can you live here, or anywhere, if you can't access income from some source?
Pete *******
@Skip *******
I mean tax assessable income
Graeme ******
@Skip *******
i think he means asessible income rather than accessible income.
Pete *******
@Skip *******
I don’t understand your question?
Mark ********
Don't worry about it. It will be a clusterfkuc of epic proportions IF it even gets off the ground.
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