FatBoyEric Posted August 9, 2007 Share Posted August 9, 2007 As a working resident of Thailand. If I were fortunate enought to receive 1,000 USD per month into a bank account abroad & these funds were the result of interest payable on a capital account, and I subsequently wired the amount to a Thai bank, would I need to pay Thai income tax? Do I need to declare these funds in Thailand for taxation purposes? Link to comment Share on other sites More sharing options...
jumnien Posted August 9, 2007 Share Posted August 9, 2007 No. Link to comment Share on other sites More sharing options...
FatBoyEric Posted August 9, 2007 Author Share Posted August 9, 2007 ^ Ok. Can I then use this income in support of a marriage visa application, where the requirement is to show a Thai income of 40,000 + ? Link to comment Share on other sites More sharing options...
jumnien Posted August 9, 2007 Share Posted August 9, 2007 Yes, you can use that income. Link to comment Share on other sites More sharing options...
FatBoyEric Posted August 9, 2007 Author Share Posted August 9, 2007 Cheers! Link to comment Share on other sites More sharing options...
8ball Posted August 9, 2007 Share Posted August 9, 2007 From what i have read on this forum, any investment income earned overseas is exempt from Thai Income tax if it remains outside Thailand in the year it was earned. However if you bring in Investment income in the same year as it was earned then it becomes taxable. I am sure other more knowledgeable posters will be able to enlighten you further but you should always seek professional TV advice before making important decisions of the kind that you refer to. cheers, 8ball. Link to comment Share on other sites More sharing options...
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