9 hours ago, bugger bognor said:

All those who believe differently get a friend or relative to open a account in there home country obviously in there own name send you the ATM card and passwords send money to that account then withdraw here simple! 

 

A cunning plan Baldrick.

 

Looks like there are plenty of opinions about the law but considering this "official" pdf posted here earlier:
https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf

That pdf seems clear if I stay ≥ 180 days and drawdown my 31st December 2023 Australian superannuation balance and remit it to Thailand, I'm exempt from Thai tax until that balance runs out.

If I withdraw and remit balance more than my 31st December 2023 balance, I pay Thai tax.

I asked a Thai expat tax accountant and they said this is NOT how Thai tax works and to have a (paid) meeting to discuss it.

Is there anything I'm missing?

On 11/14/2025 at 5:15 AM, Youbloodybeauty said:

That pdf seems clear if I stay ≥ 180 days and drawdown my 31st December 2023 Australian superannuation balance and remit it to Thailand, I'm exempt from Thai tax until that balance runs out.

If I withdraw and remit balance more than my 31st December 2023 balance, I pay Thai tax.

 

Superannuation appears not be held in savings but is invested.  There's a school of thought that says only the cash balance in savings accounts can be used as the pre 2024 base, not the value of any investments.

1 hour ago, treetops said:

There's a school of thought that says only the cash balance in savings accounts can be used as the pre 2024 base, not the value of any investments.

Ahh ok that's the catch thanks.

 

That official pdf repeatedly mentions foreign-sourced income and nothing specifically about "savings". I thought income is income from whatever source it comes.

Looking up the definition of foreign-sourced income one of them is "Interest, dividends, or capital gains" which seems to cover super or savings.

Is there anything official about not superannuation?

2 minutes ago, Youbloodybeauty said:

Is there anything official about not superannuation?

 

No, it's all clear as mud and nothing is set in stone as it's new to everybody.  I do not subscribe to the school of thought mentioned and ensured I have statements from my investments at 31/12/2023 in case they're ever needed, but I don't intend to file Thai tax returns and draw attention to myself unless things change.

 

There is currently no action being taken by the RD to track down typical expats and audit/tax them.

1 hour ago, treetops said:

 

No, it's all clear as mud and nothing is set in stone as it's new to everybody.  I do not subscribe to the school of thought mentioned and ensured I have statements from my investments at 31/12/2023 in case they're ever needed, but I don't intend to file Thai tax returns and draw attention to myself unless things change.

 

There is currently no action being taken by the RD to track down typical expats and audit/tax them.

This is exactly what I’ll do. Maybe clearer by mid next year with the proposed changes or at least people may have real experience after lodgement of this year tax.

 

I think the school of thought may have arisen with people writing retirement, investments, bank savings under a general word as “savings”.

 

Note one of the tax “experts” has written here:

 

 https://www.expattaxthailand.com/taxation-overseas-pensions-thailand/

• Pre-2024 Income: If you accumulated pension income in a foreign account before 2024 and choose to remit it to Thailand after January 1, 2024, this income is not taxable. This offers expats flexibility in managing their pension income, allowing them to bring in older savings without facing tax penalties.

If you can, shift to Vietnam,. south of Spain, Portugal, Malta, Bali, Morroco or anyplace else where a foreigner gets a bit more respect and less harassment from tax or immigration rules. 

Wow.  People still stressing over this.

 

A complete non-event unless you actually work in Thailand and/or have "assessable income".  

 

Otherwise.....a whole lotta nada.