Yes, it really is that simple, isn’t it? It’s mind-boggling that so many posters on this forum fail to understand that.
For the record, I have previously only remitted non-assessable funds, so I haven’t filed any tax returns (except once, to claim a refund for withheld tax on interest from my Thai bank account - and I only did that to obtain a Thai TIN so I could satisfy my home country bank’s requirements).
Now, due to this change, some of the funds I remitted in 2024 are assessable, so I will file a tax return. However, no tax will be payable due to deductions and other factors. As a bonus, I’ll even receive a refund for withheld tax on interest (something I hadn’t bothered with before because the small amount wasn’t worth the hassle).