tomkenet

So you mean if I received 1mill THB in dividend yesterday, used the money to buy stocks today, sell them tomorrow without gain, I can remit the money to Thailand tax exempt the day after? I don't think it will hold up if you get audited.

If your "zero gain" stocks where purchased after 2023 the principal and the gain (which is zero in this case) will be treated as accessable income when remitted if you can not show that the principal comes from savings. That's why you would have to show the origin back to pre24 or another non taxable event.

I don't think you can simply launder away your previous gains this way. You will have to provide documentation that shows the funds origins backwards until you reach a date before 2024. Then the total gain will be accessable.

I believe documentation showing the principal leading back to pre-2024 cash will always be exempt. What do you mean with one time concession ? Link?

With statements showing purchase of the last stock without gains dated after 2023, you would probably be asked for documentation of where the money originated, leading back to before 2024.

I wonder how that will work. That means you will have to file a tax report for a year you are not a tax resident. How about if you stay non tax resident for several years or for ever.

Realising a gain in a year when you are not Thai tax resident and remitting it to Thailand in a year when you are Thai tax resident would be tax free as far as I understand. What about realising a gain in a year when you are Thai tax resident and remitting it to Thailand in a year when you are not Thai tax resident.

We should all be thankful to his effort to make the very useful tax-guide.

Worldwide income tax (irrespective of remittance) is still in the planning. With no more news about this I find it very hard to believe it can be implemented for the 2025 tax year. This is a big change compared to last years change and will probably need long time to be finalised. I even doubt it will come before 2026.

2025 tax year is the first year you can not remit income from the previous year (2024) tax exempt. In 2024 you can remit income from the previous year tax exempt, just like you could before the change last year . Remitting income the same year as earned has always been taxable.

Thailand has for many years had remittance tax on foreign assessable income if remitted the same year as the income was gained.

Do not worry about 2024, the rules are the same as previous years. Tax-year 2025, filing March 2026 is the first year with changes.

Please keep to topic, the recently proposed change : Thailand to tax residents’ foreign income irrespective of remittance

As there are no more news about this I find it hard to believe it can be implemented for the 2025 tax-year.

This rule was revised effective from Jan 1, 2024. Tax is now payable on foreign income regardless of when it is brought into the country. To give an example, Mr A sold shares in an overseas company in 2020, realised a capital gain and banked the money in an overseas account. If he brings the proceeds from that capital gain into Thailand in 2024, he must report it as assessable income when filing a tax return. Please credit and share this article with others using this link: https://www.bangkokpost.com/business/general/2860812/law-to-tax-income-from-overseas-in-the-works.. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved. Not much confidence in this article. Seems like the author hasn't heard about P.O.162