@Michael ******

It’s only savings deposited before 2024 that’s non-taxable. If you were a Thailand tax resident for the tax year 2023, other monies above your pre-2024 savings amount remitted to Thailand is taxable income (subject to whatever exemptions that may or may not apply). If all of your money brought into Thailand is part of savings that was saved pre-2024, you’re good to go. Is that what you’re saying, just differently?

@Mark *******

Though I have read that we may need to be able to show our source(s) of income, eventually, to prove it. (If our remittals/ ATM withdrawals are more than the amount of the tax-exempt source, it will be a red flag for them.) It would pay to be prepared just in case. Printing out a statement from the tax-exempt source should do it.

@John *********

All gov-sourced monthly pension-type income. If it’s not government-sourced, then no.

I meant that to say “good point,” lol, but it looks pretty snippy now that I read it back. Thanks.

@Tony *******

This makes sense (though unfair to the taxpayer). And the first thing I’ve seen that explains it. Thanks.

@Leatrice ****************

It’s a good question, put that way (I said the same thing in another comment). In all the tax stuff I’ve read the past few months, those who talk about it dont explain this. It’s never brought up except to say “what you bring in will be taxed, including from a savings account.” Nothing I’ve read says “unless it was already taxed as income.” But I’m sure I haven’t seen everything. There might be something else out there….

@Mark *******

Yep. Mine are US gov pensions. Same here.

@Brad ******

Not the point, is it? If you steal an apple OR an egg, you may get caught later.

@John *********

I wonder if there is a provision for that on savings derived from income that was already taxed and not further taxable in one’s home country (except for the earnings on those savings). It’s not something I’ve seen yet.

This is obviously different within home countries where savings has already been taxed as income. And savings IN Thailand are likely not taxed if they’ve already been taxed as income in Thailand. But it looks like Thailand doesn’t make that distinction for foreign-earned and already-taxed income that become foreign savings. If you are bringing it in to Thailand from another country, they want to tax it.