@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.

(John, my comment was answering the replies to yours, it wasn’t meant specifically for you. You obviously already know)

@Erik ******

I wouldn’t presume to say every Thai tax rule is for everyone, and I didn’t. I did say that Thailand has double taxation provisions in place to prevent double taxation. And they do. Whether they apply to any individual or not is up to them to find out. I sure hope NOBODY takes any FB comment as the final word on ANY subject.

@Brad ******

Exactly. And I’d bet that 35-year visa overstay has been saying the same thing about getting a visa all of those 35 years…, until he just recently got arrested. No criticism, we all have our risk levels when deciding which laws to obey. Take your chances. But I think I might rather pay a little each year than take a chance of Thailand getting it together, and being subject to audit later. Seems like those kinds of things come in waves in Thailand. I wouldn’t want to get caught in one.

@John *********

Savings are derived from income. Whether they are income or not doesn’t matter. If they are accumulated before 1 January 2024, they are tax exempt. If they are accumulated 1 January 2024 and after, any amount you bring into Thailand from them is taxable.

@Erik ******

I think it is monies saved after 1 January 2024, AND brought in to Thailand. Thailand has double-taxation prevention rules in place.

From everything I’ve read, It is monies earned in or remitted to Thailand being taxed, whether it is from savings or income. Monies earned or saved outside of Thailand and never brought into Thailand are not taxed.

Savings are taxed only in the amounts that are remitted to Thailand by whatever means (transfers or ATM withdrawals) and only those savings deposited in whatever type of savings account after 1 January 2024.

“Retirement” income is taxed, again, only in amounts remitted to/brought into Thailand, depending on any tax treaty with your home country that may make it exempt, and if taxable, double-taxation prevention considerations apply (as they do with other types of monies brought into Thailand.)

@Django *********

enjoy. We all do our own thing.

@Django *********

I hired a travel companion. Bangkok, Pataya, Phuket, and Laos. Had a blast.