Mike Lister

A very valid point, especially given that many expats regard Thailand as third world with third word capabilities. I shall find a form of words! Thanks

Here's a numbered version of the document which will make it easier to comment. 1. This guide has been compiled in an attempt to provide readers with the simplest possible over view of Personal Income Tax (PIT) in Thailand. The scope of this document is limited to PIT. 2. You may have heard that new tax laws came into effect on 1 January this year. In fact, that is not true, the old tax rules still exist and remain valid, albeit one minor change to them was made in November last year. Previously, anyone who earned money overseas and remitted it to Thailand in a different tax year, received that money free of Thai tax. That loop hole in the Revenue Department (RD) tax code has been extensively exploited by wealthy Thai’s and is now closed, hence, any money earned overseas and remitted to Thailand in any year, is now liable to Thai tax. The purpose of the new rule is to prevent tax avoidance. Unfortunately, it now means that overseas funds transfers by foreigners living in Thailand, also have an increased risk of being taxed. 3. This guide is an overview of the key parts of the PIT system. It is not designed to be exhaustive and it doesn’t cover all aspects, nor is it intended to override anything produced by the Thai Revenue or specialist tax companies such as Sherrings or Mazzars. This guide also does not address all types of income or the rules relevant to people from every country. What this guide will give to readers is a starting point to manage their own tax affairs and it will also provide most of the answers for those with simple tax affairs, people such as the average pensioner. 4. There are also certain types of visa that fall outside of the RD tax code. The LTR visa for example received its tax exempt status by royal decree hence visa holders will not to be assessed for Thai tax and they are specifically excluded from this explanation. 5. Terminology: this document uses the word “assessable” often. Assessable in the context of this document means income that is liable to tax and must be included on a Thai tax return. Not all income is assessable, some is excluded from tax assessment by its very nature or because of the terms of a specific tax agreement. 6. Dual Tax Agreement/Double Tax Agreement (DTA): is an agreement between two countries that sets out which of the two countries has the right to tax specific types of income and all the associated rules. It’s purpose, in part, is to ensure that the same funds are not taxed twice and provides a means by which tax that is paid twice, can be recovered, how and from where. 7. If you stay in Thailand for more than a cumulative 180 days, between 1 January and 31 December each year, you will be considered to be Tax Resident in Thailand during that year, regardless of the type of visa you have. It doesn’t matter that you may be Tax Resident in your home country or elsewhere or that you pay tax in those countries, Thailand will still regard you as Tax Resident. Tax Residency and Immigration status (and the visa you hold) are different things. Tax residency is based solely on the number of days you spend in Thailand and where you are at midnight on each day. 8. Because you are Tax Resident, YOU must review your income each year to determine if it is regarded as assessable to tax in Thailand, nobody else will do this for you. If your income does not exceed 120,000 baht per year, you do not need to file a tax return (60,000 baht if your only income is bank interest paid to you by a bank in Thailand). If your income is over 120,000 baht per year, you must file a Thai tax return between 1 January and 31 March. 9. Your income in Thailand is defined as any money paid to you inside Thailand, as well as, any money you receive from overseas, both types are potentially assessable income for Tax Residents. There are many types of income that can be classed as assessable, the Thai RD lists some of them and is linked below, however, the list is not exhaustive:. 10. LINK 11. There are also classes or types of income that the RD does not regard as assessable and these are also linked below: 12. LINK 13. Income that is derived from within Thailand is fairly clear, if you work and have a job and you are a Tax Resident, your income is assessable for tax. Interest that is paid to you on Thai bank accounts is regarded as income, as is income from investments such as stocks and bonds within Thailand. You should note that if you are generating income by working while staying in Thailand, it is (and has always been) irrelevant where that money is paid and whether you bring the money into the country or keep it offshore. That money arises in Thailand hence it is taxable here. 14. It is not possible to give the same blanket rule to everyone to determine whether income is assessable or not because of the variables involved. Overseas income has to pass several tests to determine if it is assessable to Thai tax or not. It is still early days and all the rules are not yet clear. It has been said that tax residents who import funds from countries that have a DTA with Thailand, will not be effected. Exactly how that will work leaves many questions unanswered hence this document attempts to look at only the most popular types of income based on what is known at present. This document does not speculate as to what may happen in the future, other than in the segment at the end concerning likely future Immigration rules. 15. If we take the simplest type of income and say that you transfer personal savings from overseas to Thailand and those savings were earned before 1 January 2024, those funds are not assessable but savings earned after that date are, hence the date when the income is earned is extremely important. A word of caution, you may be asked to provide proof that savings were earned before 1 January 2024. 16. Another common type of income is pensions, which can be complicated, depending on the type of pension and the country that it comes from. The country of origin is important because there are over 60 different types of Dual Tax Agreements, sometimes called Double Taxation Agreements (DTA’s), between Thailand and those 60+ countries and each one is different. As a general rule, most private or company pensions from most countries appear to be assessable here but YOU will need to confirm that yours is or is not. If that is true, private and company pension income IS assessable income in Thailand. 17. US Social Security payments, a form of pension paid to some older people, can only be taxed by the US under DTA rules and Thailand is forbidden from taxing them, this means those payments are NOT assessable income. UK State pension on the other hand is not covered by a DTA so it is assessable income in Thailand whilst UK Government or Civil Service pensions are not! 18. The proceeds from the sale of a capital item such as overseas property, where funds are remitted to Thailand, is one popular source of funds, the sale of some investment products such as stocks, shares and bonds is another. Those proceeds typically comprise two parts, capital and profit. If the capital was acquired before 1 January 2024, it is free of Thai tax. One way to separate capital and profit may bee to have an official valuation or statement that is dated 1 January 2024 since anything earned before that date, is not assessable. Also, if the profit has been the subject of a Capital Gains return in the home country, that also may be free of Thai tax but this cannot be guaranteed at this time, until things are made more clear and are once again subject to the terms of any DTA. YOU will need to review the DTA between Thailand and your home country to fully understand what particular clauses affect you. 19. It appears as though most property rental income that is remitted to Thailand is considered to be assessable income and is taxable here, unless of course it has been taxed in the home country and/or the DTA prohibits its taxation (which seems unlikely). 20. YOU are responsible for determining if you have the minimum assessable income in Thailand each year which means you must file a tax return. That assessable income might comprise, pension payments, investment income, rental income or any of the other types of income listed in the link above. If you have assessable income of over 120,000 baht per year, you must file a tax return (60,000 baht if your sole source of assessable income is bank interest paid in Thailand). 21. Completing a tax return is a simple affair for most people, if you have difficulty, the Revenue Department staff are extremely helpful. Tax returns must be filed between 1 January and 30 March each year, if you file later than that, penalties will apply. 22. The Thai tax system contains a series of Allowances, Deductions and Exemptions that will help you reduce your tax bill and they are very generous. It is easily possible for the average expat foreign retiree to reduce their taxable income by 500,000 baht or more each year. For example, a retiree aged 65 years of age, married and living here full time, supporting a Thai wife who has no income, is allowed the following: 23. LIST EXAMPLE DEDUCTIONS ETC HERE 24. A complete list of deductions, allowances and exemptions can be found here 25. LINK 26. The Thai Revenue tax filing system is online but is only available in Thai language at present. The tax forms are however available in English and they can be downloaded from the link below: 27. LINK 28. A simple sample completed tax form for a person aged over 65 years is shown below. 29. SAMPLE FORM 30. Tax filing in Thailand is based on the honor system, it relies on you declaring all the right information every year and there are severe penalties for avoiding Thai tax. It cannot be ruled out that at some point, a link may be established between tax filings and visa extensions, along with tax clearance certificates required to leave the country. This is possible because similar things have been adopted in several countries in the past, including the US. 31. There are several sources of detailed tax information and these web sites are linked below: 32. LINKS

Exactly. But I think it's still useful to let people know what the Thai considers not assessible income to be hence I propose to leave it in my wrote up, unless others disagree.

Yes I agree, there is definitely a problem with the over use of the word assessible and its context in the RD documentation which is now being picked up by others here. Assessible means to review, as you quite correctly point out. The problem though is that is the word in their official vocabulary so I was reluctant to change it in my write up. I have decided to continue to use the word assessible in the write up but have qualified it up front under Terminology.

Yes, you can read the following because your answer is in there, if you can find the time and the inclination that is! Otherwise you're relying on others to find the time and inclination to provide you with a tailor made custom answer! For everyone else, this is draft version 3 of the document that describes the tax system.....all comments and observations are welcome. This guide has been compiled in an attempt to provide readers with the simplest possible over view of Personal Income Tax (PIT) in Thailand. The scope of this document is limited to PIT. You may have heard that new tax laws came into effect on 1 January this year. In fact, that is not true, the old tax rules still exist and remain valid, albeit one minor change to them was made in November last year. Previously, anyone who earned money overseas and remitted it to Thailand in a different tax year, received that money free of Thai tax. That loop hole in the Revenue Department (RD) tax code has been extensively exploited by wealthy Thai’s and is now closed, hence, any money earned overseas and remitted to Thailand in any year, is now liable to Thai tax. The purpose of the new rule was to prevent tax avoidance, unfortunately it now means that overseas funds transfers by foreigners in Thailand also have an increased risk of being taxed in Thailand. This guide is an overview of the key parts of the PIT system. It is not designed to be exhaustive and it doesn’t cover all aspects, nor is it intended to override anything produced by the Thai Revenue or specialist tax companies such as Sherrings or Mazzars. This guide also does not address all types of income or the rules relevant to people from every country. What this guide will give to readers is a starting point to manage their own tax affairs and it will also provide most of the answers for those with simple tax affairs, people such as the average pensioner. There are also certain types of visa that fall outside of the RD tax code. The LTR visa for example received its tax exempt status by royal decree hence visa holders not to be assessed for Thai tax and they are specifically excluded from this explanation. Terminology: this document uses the word “assessable” often. Assessable in the context of this document means income that is liable to tax and must be included on a Thai tax return. Not all income is assessable, some is excluded from tax assessment by its very nature or because of the terms of a specific tax agreement. Dual Tax Agreement/Double Tax Agreement (DTA): is an agreement between two countries that sets out which of the two countries has the right to tax specific types of income and all the associated rules. It’s purpose, in part, is to ensure that the same funds are not taxed twice and provides a means by which tax that is paid twice, can be recovered, how and from where. If you stay in Thailand for more than a cumulative 180 days, between 1 January and 31 December each year, you will be considered to be Tax Resident in Thailand during that year, regardless of the type of visa you have. It doesn’t matter that you may be Tax Resident in your home country or elsewhere or that you pay tax in those countries, Thailand will still regard you as Tax Resident. Tax Residency and Immigration status (and the visa you hold) are different things. Tax residency is based solely on the number of days you spend in Thailand and where you are at midnight on each day. Because you are Tax Resident, YOU must review your income each year to determine if it is regarded as assessable to tax in Thailand, nobody else will do this for you. If your income does not exceed 120,000 baht per year, you do not need to file a tax return (60,000 baht if your only income is bank interest paid to you by a bank in Thailand). If your income is over 120,000 baht per year, you must file a Thai tax return between 1 January and 31 March. Your income in Thailand is defined as any money paid to you inside Thailand, as well as, any money you receive from overseas, both types are potentially assessable income for Tax Residents. There are many types of income that can be classed as assessable, the Thai RD lists some of them and is linked below, however, the list is not exhaustive:. LINK There are also classes or types of income that the RD does not regard as assessable and these are also linked below: LINK Income that is derived from within Thailand is fairly clear, if you work and have a job and you are a Tax Resident, your income is assessable for tax. Interest that is paid to you on Thai bank accounts is regarded as income, as is income from investments such as stocks and bonds within Thailand. You should note that if you are generating income by working while staying in Thailand, it is (and has always been) irrelevant where that money is paid and whether you bring the money into the country or keep it offshore. That money arises in Thailand hence it is taxable here. It is not possible to give the same blanket rule to everyone to determine whether income is assessable or not because of the variables involved. Overseas income has to pass several tests to determine if it is assessable to Thai tax or not. It is still early days and all the rules are not yet clear. It has been said that tax residents who import funds from countries that have a DTA with Thailand, will not be effected. Exactly how that will work leaves many questions unanswered hence this document attempts to look at only the most popular types of income based on what is known at present. This document does not speculate as to what may happen in the future, other than in the segment at the end concerning likely future Immigration rules. If we take the simplest type of income and say that you transfer personal savings from overseas to Thailand and those savings were earned before 1 January 2024, those funds are not assessable but savings earned after that date are, hence the date when the income is earned is extremely important. A word of caution, you may be asked to provide proof that savings were earned before 1 January 2024. Another common type of income is pensions, which can be complicated, depending on the type of pension and the country that it comes from. The country of origin is important because there are over 60 different types of Dual Tax Agreements, sometimes called Double Taxation Agreements (DTA’s), between Thailand and those 60+ countries and each one is different. As a general rule, most private or company pensions from most countries appear to be assessable here but YOU will need to confirm that yours is or is not. If that is true, private and company pension income IS assessable income in Thailand. US Social Security payments, a form of pension paid to some older people, can only be taxed by the US under DTA rules and Thailand is forbidden from taxing them, this means those payments are NOT assessable income. UK State pension on the other hand is not covered by a DTA so it is assessable income in Thailand whilst UK Government or Civil Service pensions are not! The proceeds from the sale of a capital item such as overseas property, where funds are remitted to Thailand, is one popular source of funds, the sale of some investment products such as stocks, shares and bonds is another. Those proceeds typically comprise two parts, capital and profit. If the capital was acquired before 1 January 2024, it is free of Thai tax. One way to separate capital and profit may bee to have an official valuation or statement that is dated 1 January 2024 since anything earned before that date, is not assessable. Also, if the profit has been the subject of a Capital Gains return in the home country, that also may be free of Thai tax but this cannot be guaranteed at this time, until things are made more clear and are once again subject to the terms of any DTA. YOU will need to review the DTA between Thailand and your home country to fully understand what particular clauses affect you. It appears as though most property rental income that is remitted to Thailand is considered to be assessable income and is taxable here, unless of course it has been taxed in the home country and/or the DTA prohibits its taxation (which seems unlikely). YOU are responsible for determining if you have the minimum assessable income in Thailand each year which means you must file a tax return. That assessable income might comprise, pension payments, investment income, rental income or any of the other types of income listed in the link above. If you have assessable income of over 120,000 baht per year, you must file a tax return (60,000 baht if your sole source of assessable income is bank interest paid in Thailand). Completing a tax return is a simple affair for most people, if you have difficulty, the Revenue Department staff are extremely helpful. Tax returns must be filed between 1 January and 30 March each year, if you file later than that, penalties will apply. The Thai tax system contains a series of Allowances, Deductions and Exemptions that will help you reduce your tax bill and they are very generous. It is easily possible for the average expat foreign retiree to reduce their taxable income by 500,000 baht or more each year. For example, a retiree aged 65 years of age, married and living here full time, supporting a Thai wife who has no income, is allowed the following: LIST EXAMPLE DEDUCTIONS ETC HERE A complete list of deductions, allowances and exemptions can be found here LINK The Thai Revenue tax filing system is online but is only available in Thai language at present. The tax forms are however available in English and they can be downloaded from the link below: LINK A simple sample completed tax form for a person aged over 65 years is shown below. SAMPLE FORM Tax filing in Thailand is based on the honor system, it relies on you declaring all the right information every year and there are severe penalties for evading Thai tax. It cannot be ruled out that at some point, a link may be established between tax filings and visa extensions, along with tax clearance certificates required to leave the country. This is possible because similar things have been adopted in several countries in the past, including the US. There are several sources of detailed tax information and these web sites are linked below: LINKS

I think that is an opinion rather than fact. Unless the Thai RD is made aware of the nature of the income, it does not know whether it is assessible or not.

500k for over age 65 years pensioner

My guess is that somebody will challenge my statement so I'll save you some time and effort! Each customer is allowed to deposit foreign banknotes to their FCD account at not more than USD15,000 or equivalent in other currencies per day or not more than the amount specified in documents showing that the funds are sourced from abroad, such as a currency declaration form with stamp and signature of a Customs official or evidence from businesses relating to foreign means of payment. https://www.kasikornbank.com/en/personal/account/pages/foreign-currency.aspx

Here's a second draft on the document, it is still WIP but any comments are welcome.....I'll pick then up in the morning. This guide has been compiled in an attempt to provide readers with the simplest over view possible of Thai Personal Income Tax (PIT). The scope of this document is limited to PIT. You may have heard that new tax laws came into effect on 1 January this year. In fact, that is not true, the old tax rules still exist and remain valid, albeit one minor change to them was made in November last year. Previously, anyone who earned money overseas and remitted it to Thailand in a different tax year, received that money free of Thai tax. That loop hole has been overly exploited by wealthy Thai’s and is now closed hence any money earned overseas and remitted to Thailand in any year, is now liable to Thai tax. This guide is an overview of the key parts of the PIT system, it is not designed to be exhaustive and cover all aspects, nor is it intended to override anything produced by the Thai Revenue or specialist tax companies such as Sherings or Mazzars. This guide does not address all types of income or the rules relevant to people from every country. There are also certain types of visa that fall outside of the tax rules. The LTR visa got its tax exempt status by royal decree hence visa holders not to be assessed for Thai tax and they are specifically excluded from this explanation. If you stay in Thailand for more than 180 days, between 1 January and 31 December each year, you will be considered to be Tax Resident in Thailand during that year, regardless of they type of visa you have. It doesn’t matter that you may be Tax Resident in your home country or elsewhere or that you pay tax in those countries, Thailand will still regard you as Tax Resident. Because you are Tax Resident, YOU must assess your income to determine if Thai income tax is due. In the case of a foreigner in Thailand, income is defined as any money paid to them inside Thailand, and, money that is received from overseas, both types are potentially taxable for tax residents. There are many types of income that can be classed as assessable, a list of some of them is linked below but is not exhaustive:. LINK There are also classes or types of income that the Thai Revenue does not regard as assessable and these are linked below also: LINK Income that is received within Thailand is fairly clear, if you work and have a job and you are a Tax Resident, your income is assessable for tax. Interest that is paid on bank accounts is regarded as income, as is income from investments such as stocks and bonds. You should note that if you are generating income by working while staying in Thailand, it is (and has always been) irrelevant where that money is paid and whether you bring the money into the country or keep it offshore. That money arises in Thailand hence it is taxable here. Money that is received from overseas is not always easy to assess for tax because there are many potential sources of those funds. Overseas income has to pass several tests to determine if it is assessable to Thai tax or not. If we take the simplest type of income and say that you transfer personal savings to Thailand that were earned before 1 January 2024, those funds are not taxable. But savings earned after that date, potentially are, so the date when the income is earned is very important. A word of caution, you may be asked to provide proof that savings were earned before 1 January 2024. Another common type of income is pensions which can be complicated, depending on the type of pension and the country that it comes from. The country of origin is important because there are over 60 different types of Dual Tax Agreements, (sometimes called Double Taxation Agreements) (DTA’s) between Thailand and those 60+ countries and each one is different. As a general rule, most private or company pensions from most countries appear to be taxable here but YOU will need to confirm that yours is or is not. If that is true, private and company pension income IS assessable income in Thailand. US Social Security payments, a form of pension paid to some older people, can only be taxed under DTA rule by the US and Thailand is forbidden from taxing them, this means those payments are NOT assessable income. UK State pension on the other hand is not covered by a DTA so it is assessable income in Thailand yet Government or Civil Service pensions are not! It is still early days and all the rules are not yet clear. It has been said that tax residents who import funds from countries that have a Dual Tax Agreement with Thailand, will not be effected. Exactly how that will work leaves many questions unanswered hence this note attempts to look at only the most popular types of income based on what is known and does not speculate what may happen, other than in the segment at the end concerning likely future Immigration rules. The proceeds from the sale of a capital item such as overseas property where funds are remitted to Thailand is one popular source of funds, the sale of some investment products such as stocks, shares and bonds is another. Those proceeds typically comprise two parts, capital and profit. If the capital was acquired before 1 January 2024, it is free of Thai tax. If the profit has been the subject of a Capital Gains return in the home country, that also may be free of Thai tax but this cannot be guaranteed at this time, until things are made more clear and are once again subject to the terms of any DTA. YOU will need to review the DTA between Thailand and your home country to fully understand what particular clauses affect you. It appears as though most property rental income that is remitted to Thailand is considered to be assessable income and is taxable here, unless of course it has been taxed in the home country and/or the DTA prohibits its taxation (which seems unlikely). YOU are responsible for determining if you have the minimum assessable income in Thailand each year which means you must file a tax return. That assessable income might comprise, pension payments, investment returns, rental income or any of the other types of income listed in the link above. If you have assessable income of over 120,000 baht per year, you must file a tax return (60,000 baht if your sole source of assessable income is bank interest paid in Thailand). Completing a tax return is a simple affair for most people, if you have difficulty, the Revenue Department staff are extremely helpful. Tax returns must be filed between 1 January and 30 March each year, if you file later than that, penalties will apply. The Thai tax system contains a series of Allowances, Deductions and Exemptions that will help you reduce your tax bill and they are very generous. It is easily possible for the average expat foreign retire to reduce their taxable income by 500,000 baht or more each year. For example, a retiree aged 65 years of age, married and living here full time, supporting a Thai wife who has no income, is allowed the following: LIST EXAMPLE DEDUCTIONS ETC HERE A complete list of deductions, allowances and exemptions can be found here LINK The Thai Revenue tax filing system is online but is only in Thai language at present. The tax forms are however available in English and they can be downloaded from the link below: LINK A simple sample completed tax form for a person aged over 65 years is shown below. SAMPLE FORM Tax filing in Thailand is based on the honor system, it relies on you declaring all the right information every year and there are severe penalties for avoiding Thai tax. It cannot be ruled out that at some point, a link will be established between tax filings and visa extensions, along with tax clearance certificates required to leave the country because similar things have been adopted in several countries in the past, including the US. There are several sources of detailed tax information and these web sites are linked below: LINKS

An excellent point I hadn't considered, I'll include it in the write up.

Where?

And the Customs Declaration presented to the bank, before it can be deposited.

What, take it down to the money changer in small amounts from time to time or put it in the bank perhaps? Because whatever you do with it, the banks will record it as a foreign currency transaction and your passport will be required for that so everyone will know, who did what and when.

Nonsense, completely incorrect! Go read the main thread and stop spreading rubbish!

After you bring it in, what are you going to do, put it under your mattress?

Potentially, downstream, the Immi Dept, the next time you go to extend your visa or exit the country, they may ask you for a tax clearance certificate, as they don in several countries, including the US.

Thanks, @CartagenaWarlock please note.

I on the other hand believe there is zero percent chance that remittances will be taxed at source or by the banks ever. I further believe the chances that money imported to buy real estate in Thailand stands a negative chance of being taxed, if that's even possible.

You are already on the RD "radar". When you went to their offices and handed them the slip from BBL bank, they completed a tax return for you in order for you to get your tax refund, that's the only way you get your tax back..

There's that word culture again , you use that a lot. Corruption is cultural, prostitutions is cultural, whatever next, drunk driving is cultural perhaps?

So tax exempt by Royal Proclamation and not part of the Revenue Code and not part of a DTA......as expected.

Too many 90 degree joints, better to have two 45's to reduce friction loss. Also, be CERTAIN to paint the pipe with acrylic house paint or else the sun will degrade the plastic, it will become brittle and break.

It's easier to post a new question of your own and have everyone tell you the answer than it is to read the existing discussion. I blame parenting, the school system and Trump..

I think the DTA between the US and Thailand specifically forbids Thailand from taxing Social Security payments, only the US can do that, that is what the DTA says. Poster @JimGant will be happy to recite chapter and verse on this and provide you with the links.

Here's a first cut of the FIRST PART of a simple explanation that I had in mind....thoughts? If you stay in Thailand for more than 180 days, between 1 January and 31 December each year, you will be considered a Tax Resident in Thailand, regardless of they type of visa you have. It doesn’t matter that you may be Tax Resident in your home country or elsewhere or that you pay tax in those countries, Thailand will still regard you as Tax Resident. Because you are Tax Resident, YOU must assess your income to determine if Thai income tax is due. In the case of a foreigner in Thailand, income is defined as any money paid to them inside Thailand, AND, importantly, any money that is transferred to them from overseas, both types are potentially taxable for tax residents. Income that is received within Thailand is fairly clear, if you work and have a job and you are a Tax Resident, your income is assessable for tax. Interest that is paid on bank accounts is regarded as income, as is income from investments such as stocks and bonds. A more complete list of the types of income that may be derived from within Thailand are linked below. LINK Money that is received from overseas is not always easy to assess for tax because there are many potential sources of those funds. Overseas income has to pass several tests to determine if it is assessable to Thai tax or not. If we take the simplest type of funds and say that you transfer personal savings that were earned before 1 January 2024 to Thailand, those funds are not taxable but savings earned after that date, potentially are, so the date when the income is earned is very important, even savings account interest. Another common type of income is pensions which can be complicated, depending on the type of pension and the country that it comes from. That is important because there are over 60 different types of Dual Tax Agreements (DTA’s) between Thailand and those 60 countries and each one is different. US Social Security payments for example, a form of pension paid to older people, can only be taxed by the US and Thailand is forbidden from taxing them, this means those payments are NOT assessable income. UK State pension on the other hand is not covered by a DTA so it is assessable income in Thailand yet Government or Civil Service pensions are not!