Thailand’s New Tax on Foreign Income: An Overview

[Paris333]

Legal objectives

Revenue Code
Personal Income Tax

Source:

https://www.siam-legal.com/thailand-law/thailand-new-tax-on-foreign-income-an-overview/

Source:(The Law)

https://library.siam-legal.com/thai-law/revenue-code-assessable-income-and-income-tax-sections-40-64/

Scroll down to specific Section 41

Source:

https://www.rd.go.th/english/37749.html

 

An important consideration under the new regulation is the ability to credit taxes paid in the foreign country against the individual’s tax liability in Thailand. This provision, aligned with Double Tax Treaties, can potentially reduce the tax burden on individuals by acknowledging the taxes they have already paid elsewhere.

 

Source: Click on the links below to download the English language text of each of Thailand Double Tax Treaties

https://www.expattaxthailand.com/download-thailands-double-tax-treaties/

 

 

 

[Mike Lister]

Perhaps read this:

 

 

[DrJack54]

Do not need another tax thread.

Continue discussion in thread posted above.