Hello,
I am going on DTV Visa and will stay over 180 days
New 2024 law says foreign incomes are now under tax in Thailand.
I'm from France, as my income is from there and already taxed, can it still be taxed in Thailand?
Apparently it's the income brought into Thailand that's taxed, and then ATM withdrawals and card payments from foreign cards are taxed also from what I read. What could I do? Need help please!
[members only]
TLDR : Answer Summary
The query revolves around the implications of the new 2024 tax laws in Thailand regarding foreign income for expats, specifically for an individual on a DTV visa planning to stay over 180 days. The user seeks clarity on whether their income, already taxed in France, can also be taxed in Thailand, particularly with new legislation stating all foreign income could be taxable. Commenters provided insights, noting that Thailand adheres to Double Taxation Agreements (DTA), which should exempt individuals from paying taxes on income sourced from their home country if taxes are already paid there. They also mentioned that only remittances brought into Thailand may currently be subject to taxation and discussed potential moves to establish tax residency in countries with more favorable tax laws.
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