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JinJock

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  1. Personal Income Tax Guide (for foreigners) Thailand

    JinJock replied to Mike Lister's topic in Jobs, Economy, Banking, Business, Investments
    Say if foreign account balance before 1 jan 2024 is ~ 1M baht, and then on the same account there was several deposits total of 200000 in 2024, there was one transfer to thai bank from this account amount of 300000. How this should be calculated a) 300000 come from 1M savings , no tax to pay b) 100000 come from savings, 200000 taxable If variant b) , then how bank situation should be organized having in mind that i cant change account to where funds is being deposited. What i think i should have done is to transfer all savings before 1 Jan 2024 to other account and then it will be easy to see where savings are and where new deposits, but i did not for reasons. So what to do if variant b ?

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