All correct. I’ve done it myself for the last two tax years, without an accountant, ever since it became a requirement in 2024. In my case, the only income I have to declare is the money I’ve transferred into Thailand during that tax year. I normally use Wise to transfer money into my local Thai bank account. For every transfer made through the Wise app, you can download a PDF receipt containing all the transfer details. I simply download those PDFs, take them to a photocopy shop to have them printed, and attach the copies to my tax filing. That’s all I do. I don’t report any of my overseas income because, as I understand the rules, it isn’t required. Thailand doesn’t tax you on your worldwide income. As a tax resident in Thailand, you’re only responsible for paying tax on the money you transfer into Thailand, not on money you earn outside the country and keep outside the country.
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