Clarification with regard to tax liability for money remitted into Thailand from savings..

[meuok]

With regard to the new tax regulations, I'm unable to find a clear answer to this:
Any savings that an individual has at 31/12/23, which are remitted into the country are tax free, but some people are saying this is just for the 24 year, and others for future years.
Can anyone elucidate?

[petermik]

Many topics on here about this....the general consensus is forget about it until something....if ever....is actually made official 👍

[Lorry]

10 hours ago, meuok said:

With regard to the new tax regulations, I'm unable to find a clear answer to this:
Any savings that an individual has at 31/12/23, which are remitted into the country are tax free, but some people are saying this is just for the 24 year, and others for future years.
Can anyone elucidate?

Savings you already had on 31st Dec 2023, can be remitted tax free any time, also in the future. 

 

[offset]

I got the impression that it does not matter how much money you bring into Thailand they are only interested in any money  earned and that as not been taxed 

 

If in future years if you bring in much more money that you earn they might be interested in where that money came from so it is a good idea to keep a record of what money that you have saved before the the year 2024

[NoDisplayName]

 

 

https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf

[Card]

18 hours ago, meuok said:

With regard to the new tax regulations, I'm unable to find a clear answer to this:
Any savings that an individual has at 31/12/23, which are remitted into the country are tax free, but some people are saying this is just for the 24 year, and others for future years.
Can anyone elucidate?

All years. All savings before 1 Jan 24 are exempt irrespective of when you transfer it to this country but you should have documentary evidence in case the irs ask you to prove that no further earnings, eg interest, have been added to it since then. If there is a subsequent mixing then it gets complicated. But the proof is on YOU.

[Card]

18 hours ago, meuok said:

With regard to the new tax regulations, I'm unable to find a clear answer to this:
Any savings that an individual has at 31/12/23, which are remitted into the country are tax free, but some people are saying this is just for the 24 year, and others for future years.
Can anyone elucidate?

All years. All savings before 1 Jan 24 are exempt irrespective of when you transfer it to this country but you should have documentary evidence in case the irs ask you to prove that no further earnings, eg interest, have been added to it since then. If there is a subsequent mixing then it gets complicated. But the proof is on YOU.