Any new news / updates on the new foreign income laws?

[Kenny202]

I'm an Australian...money I bring in is from my Australian super anuation which has already been taxed 15% in Australia. Have a mate also wondering if his pension payments from Australia taxable. Back months ago I think there was talk that Australia had some sort of reciprocal tax agreement with non liablity for tax on earnings outside of Thailand and also talk of money brought into Thailand was non taxable if tax paid in your own country. 

[CharlieH]

FINANCE FORUM - Moved

 

Suggest you read the numerous threads already posted there.

[Jingthing]

2 minutes ago, Kenny202 said:

I'm an Australian...money I bring in is from my Australian super anuation which has already been taxed 15% in Australia. Have a mate also wondering if his pension payments from Australia taxable. Back months ago I think there was talk that Australia had some sort of reciprocal tax agreement with non liablity for tax on earnings outside of Thailand and also talk of money brought into Thailand was non taxable if tax paid in your own country. 

I haven't watched this as I'm not Australian, but I reckon there is good information about your specific question here:

 

[Robespierre]

Wait until the govt. publish details of this policy or seek out a Thai tax lawyers advice if you’re worried.

[OJAS]

4 hours ago, Kenny202 said:

I think there was talk that Australia had some sort of reciprocal tax agreement with non liablity for tax on earnings outside of Thailand and also talk of money brought into Thailand was non taxable if tax paid in your own country. 

 

https://www.rd.go.th/fileadmin/download/nation/australia_e.pdf

 

[OJAS]

4 hours ago, Robespierre said:

Wait until the govt. publish details of this policy

 

May be possible by 31 March 2568 (AD, not BE, that is!).

[oldcpu]

On 1/21/2025 at 5:26 PM, Kenny202 said:

I'm an Australian...money I bring in is from my Australian super anuation which has already been taxed 15% in Australia. Have a mate also wondering if his pension payments from Australia taxable. Back months ago I think there was talk that Australia had some sort of reciprocal tax agreement with non liablity for tax on earnings outside of Thailand and also talk of money brought into Thailand was non taxable if tax paid in your own country. 

 

User OJAS provided you  a link to the Thai-Austria tax agreement.

 

Note also that there are two Thai Revenue Department ministerial directives that are relevant: por-161/162.  Together, what they in essence say is if any money you remit into Thailand can credibly be income/savings from BEFORE 1-January-2024, then it is exempt from Thailand tax.

 

So make note as to how much money (ie cash) you had outside Thailand on 31-Dec-2023, and if you can show that money you brought into Thailand during year 2024 came from that pre-1-Jan-2024 'income/savings' accounts,  then it need not be reported on a Thailand tax form.

 

Clearly its important here that you have records of all of your accounts as of close business 31-Dec-2023, and also keep a record of all subsequent withdrawals from those accounts to support an approach (if audited) , if you try to claim 2024 remitted money to Thailand was pre-1-Jan-2024 savings/income.

 

 

[KhunHeineken]

On 1/21/2025 at 10:30 AM, Jingthing said:

I haven't watched this as I'm not Australian, but I reckon there is good information about your specific question here:

 

Even after Aussie pensioners in the Australia Forum watched it, they still believed the Aussie aged pension was covered by the DTA.