That was interesting. I searched, and could provide no evidence it has been eliminated or superseded, which does not mean it has, or has not. It just means I could not find such. You did thou have me curious, so I did a search and found Director General Notification Regarding Income Tax No.346 (in Thai language). https://www.rd.go.th/fileadmin/user_upload/kormor/newlaw/dg346.pdf I put that document into Google Gemini to translate. From what I read, Section 3 has the Conditions for the Tax Exemption. It notes Interest and deposit returns are exempt from inclusion in personal income tax calculations only if all of the following conditions are met. (1) The combined amount of interest and deposit returns from all accounts must not exceed 20,000 baht during that tax year. (2) The deposit account name and tax identification number used to open the account must belong to the individual taxpayer who receives the benefit of the interest or deposit return. (3) The taxpayer must not have instructed the bank not to send interest or deposit-return information to the Revenue Department. (4) The interest or deposit return must be one for which the Revenue Department has actually received the relevant information from the bank under Section 5. Section 5 lays out some bank reporting requirments where the bank is required to report information on the individuals account to the Revenue Department. That is a Gemini AI translation, and AI make LOTS of mistakes, so take that translation with a LOT of salt. While I found it of interest, I don't know enough to verify it. In my case, I simply pay 15% Thai with holding tax on my interest (which greatly exceeds 20,000 baht/year) , but that may be of interest to others. One thing of note, per the Thai tax law, based on my reading translations of such, if one does pay 15% Thai income tax (with holding tax) on one's Thai bank interest, that satisfies the requirement for that income from a Thai tax perspective and hence it need not be included in the assessment if one reaches the threshold of assessable income needed to file a Thai tax return. I have posted on this before.
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