Revenue Department to amend tax on foreign income remittance

[Yumthai]

15 minutes ago, yozah said:

It is not that heineken is necessarily wrong. He is just repulsive teachers pet who already pays his taxes like a good boy and wants everyone else do the same.

I suspect he's secretly praying for TRD to come bite everyone's a$$ as he repeatedly mentions, which will remain at his great regret unsuccessful.

[treetops]

7 minutes ago, oldcpu said:

Your paranoia drove you to ask for a Tax Clearance Certificate (when such not necessary) and then you proceeded to post multiple times how that was important.  There is no talk about such Tax Clearance Certificate by the Thai government but that has not deterred you.

 

I don't believe he even has the Tax Clearance Certificate (Form P3 or P3.1), just a receipt for paying something which is being used to give him a warm glow but is in no way the real thing.

 

KhunH. - please correct me if I'm wrong.

[redwood1]

17 hours ago, KhunHeineken said:

I would bet on a higher possibility of being taxed than on a zombie apocalypse. 

 

I think its common knowledge that the zombies find people who post nonsense about everyone is required to file taxes, the zombies find these people quite distasteful.....So Khun you should be safe then.... 

[Yumthai]

16 hours ago, Yumthai said:

I suspect he's secretly praying for TRD to come bite everyone's a$$ as he repeatedly mentions, which will remain at his great regret unsuccessful.

Not only tax enforcement doomsayers prayers have remained unanswered but, with a quite opposite twist, Thailand has just announced a tax exemption on crypto capital gains making all remittances conveniently bridged through local crypto exchanges into Thailand tax-free.

[KhunHeineken]

4 hours ago, Yumthai said:

Not only tax enforcement doomsayers prayers have remained unanswered but, with a quite opposite twist, Thailand has just announced a tax exemption on crypto capital gains making all remittances conveniently bridged through local crypto exchanges into Thailand tax-free.

What you, and some other members, either do not understand, or chose to ignore, probably because you are in the same boat, is that I knew I actually had to pay this tax. 

 

Many are simply relying on non enforcement, where as I purposely minimized my remittances by bringing in cash, and having cash brought in for me, so paid not much tax, and paid an agent to take care of it. 

 

Once again, I don't trust the Thai government, or officials, so I see the documents as nothing more than covering my a**. 

 

It's funny to me how meticulous members are to extend their visa, thus not an overstay every year, yet as for paying tax, they think the Thai government simply doesn't care about, and will never care about.  

 

I simply view these tax documents as compliance, in the same way I do with my extension.  It's just another small cost of living in Thailand permanently. 

[KhunHeineken]

21 hours ago, Yumthai said:

I suspect he's secretly praying for TRD to come bite everyone's a$$ as he repeatedly mentions, which will remain at his great regret unsuccessful.

No, I don't wish problems with the TRD on anyone. 

 

We all had to decide whether we file, declare, pay, and receive proof of payment, or, do nothing.  I chose to file. 

 

If nothing happens by way of enforcement into the future, I will frame the certificate and hang it on my wall and have a laugh at it with visiting friends. 

[NoDisplayName]

6 minutes ago, KhunHeineken said:

If nothing happens by way of enforcement into the future, I will frame the certificate and hang it on my wall and have a laugh at it with visiting friends. 

 

Still waiting for a photo of your alleged "tax clearance certificate" with personal information redacted.

 

'Cause you know the deal, pictures or it din't happen!

[KhunHeineken]

6 hours ago, redwood1 said:

 

I think its common knowledge that the zombies find people who post nonsense about everyone is required to file taxes, the zombies find these people quite distasteful.....So Khun you should be safe then.... 

zombies = ostriches. 

[KhunHeineken]

Just now, NoDisplayName said:

 

Still waiting for a photo of your alleged "tax clearance certificate" with personal information redacted.

 

'Cause you know the deal, pictures or it din't happen!

Ain't gonna happen.  As said, posting photos, screenshots etc has identifiable meta data attached.  

 

The US government actually kill people based on meta data.  

 

  https://abcnews.go.com/blogs/headlines/2014/05/ex-nsa-chief-we-kill-people-based-on-metadata

 

I don't care what you think.  I paid an agent, and paid some tax, and have proof of payment.  I said I would do this months and moths ago, and did so mid March. 

 

Good Luck to those who chose to do nothing. 

 

I do have a question for those who chose to do nothing.  My question is, for how long do you think you can continue to do nothing, particularly when your Thai bank/s know exactly how much you are depositing? 

[KhunHeineken]

21 hours ago, treetops said:

 

I don't believe he even has the Tax Clearance Certificate (Form P3 or P3.1), just a receipt for paying something which is being used to give him a warm glow but is in no way the real thing.

 

KhunH. - please correct me if I'm wrong.

You are wrong. 

 

As I just posted, if all this goes away, which I doubt, but say it does, I will frame the certificate and hang it on my wall as a talking point for visiting friends to have a laugh at.  Who knows, the whole thing could end up a joke. 

 

Out of my closer circle of friends, about 60% did the same as me, and 40% chose to do nothing. 

 

Time will tell who chose right and who chose wrong, but at least there will be no nasty surprises for me into the future. 

 

[KhunHeineken]

22 hours ago, yozah said:

It is not that heineken is necessarily wrong. He is just repulsive teachers pet who already pays his taxes like a good boy and wants everyone else do the same.

No, I couldn't care less what anyone else does. 

 

I knew I had to pay some tax and did so.  Simple as that.  

 

If you feel safety in numbers on this forum by doing nothing, that's your call. 

[KhunHeineken]

23 hours ago, CallumWK said:

If I don't make any deposits, then there is nothing to show,

Of course, but many expats, including myself, derive an income from their home country, whilst many also remit a pension. 

 

I agree, some sold up everything and cashed out of their home country and moved the lot to Thailand, but many are living on remitted funds. 

 

23 hours ago, CallumWK said:

Also if I don't tell immigration of the existence of the account to which I make deposits, they will not know about the account or the deposits, and neither does the revenue office, as I have proof of for 2 years already.

Wrong. 

 

Thai banks report to the Thai government.  You know this.  Don't mislead members. This has been debated before and it was proven that Thai banks report. 

 

[NoDisplayName]

11 minutes ago, KhunHeineken said:

Ain't gonna happen.  As said, posting photos, screenshots etc has identifiable meta data attached.  

 

The US government actually kill people based on meta data.  

 

Sure, buddy, sure.  Trump is gonna have you erased for paying tax in Thailand.  Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight!!!

 

12 minutes ago, KhunHeineken said:

I said I would

 

Sure, buddy, sure.  You say you're gonna do a lotta stuff.  Aside from posting poopoo, well................

 

[NoDisplayName]

8 minutes ago, KhunHeineken said:

Out of my closer circle of friends, about 60% did the same as me, and 40% chose to do nothing. 

 

Sure, buddy, sure.   60% of your friend paid an agent to file a tax return and pay for a "tax clearance certificate."  Sure.

[ukrules]

10 minutes ago, KhunHeineken said:

Out of my closer circle of friends, about 60% did the same as me, and 40% chose to do nothing. 

 

Did any go with the less than 180 days a year route?

[KhunHeineken]

2 minutes ago, NoDisplayName said:

Sure, buddy, sure.  Trump is gonna have you erased for paying tax in Thailand.  Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight!!!

 

I'm Australian, not American. 

 

3 minutes ago, NoDisplayName said:

Sure, buddy, sure.  You say you're gonna do a lotta stuff.  Aside from posting poopoo, well................

 

Pretty hypocritical.  I bet you are the first to criticize some minor breaches of the law here, like drink driving or no helmet, yet you are a tax dodger, and base you decision to dodge on the Thai's not being able to enforce their tax law.  Good Luck with that into the future, buddy. 

[KhunHeineken]

5 minutes ago, ukrules said:

 

Did any go with the less than 180 days a year route?

No. 

 

A couple of them go to Vietnam for a month at a time, sometimes.  I usually join them for a couple of weeks, but all stay the majority of the year in Thailand.   

[KhunHeineken]

8 minutes ago, NoDisplayName said:

 

Sure, buddy, sure.   60% of your friend paid an agent to file a tax return and pay for a "tax clearance certificate."  Sure.

Yeah, they did.  Three of us used the same agent. 

[NoDisplayName]

31 minutes ago, KhunHeineken said:

I'm Australian, not American. 

 

Pretty hypocritical.  I bet you are the first to criticize some minor breaches of the law here, like drink driving or no helmet, yet you are a tax dodger, and base you decision to dodge on the Thai's not being able to enforce their tax law.  Good Luck with that into the future, buddy. 

 

 

I file online.

It's fast, it's easy, it's legal.

.....it's free!

 

31 minutes ago, KhunHeineken said:

I'm Australian, not American. 

 

All the more reason for Trump to have you erased.

[roo860]

8 minutes ago, NoDisplayName said:

 

 

I file online.

It's fast, it's easy, it's legal.

 

 

All the more reason for Trump to have you erased.

Absolutely those laughing emojis anyone would think he's 12yrs old, pathetic. Not you by the way, the poster you replied to.

[Yumthai]

1 hour ago, KhunHeineken said:

I do have a question for those who chose to do nothing.  My question is, for how long do you think you can continue to do nothing, particularly when your Thai bank/s know exactly how much you are depositing?

You need to keep up with the recent news: all remittances have become tax-free.

[NoDisplayName]

20 minutes ago, Yumthai said:

You need to keep up with the recent news: all remittances have become tax-free.

 

Not yet, merely a proposal.

 

• A new Royal Decree proposes that foreign income earned from January 1, 2024 onwards will be tax exempt if remitted to Thailand within 12 months of the calendar year it was earned.
• Any foreign income earned before January 1, 2024 remains exempt from Thai taxation when remitted, regardless of timing.
• Thai tax residents can still be exempt from taxation or eligible for deductions through Double Tax Treaties, Long Term Residency (LTR) visa benefits, or by keeping income abroad.

 

If this passes, then anyone who paid an agent to file a tax return, paid tax in 2025 on remitted 2024 income, AND paid for a "tax clearance certificate" will be kicking themself like beating a dead CRS horse.

[Yumthai]

4 minutes ago, NoDisplayName said:

Not yet, merely a proposal.

 

• A new Royal Decree proposes that foreign income earned from January 1, 2024 onwards will be tax exempt if remitted to Thailand within 12 months of the calendar year it was earned.
• Any foreign income earned before January 1, 2024 remains exempt from Thai taxation when remitted, regardless of timing.
• Thai tax residents can still be exempt from taxation or eligible for deductions through Double Tax Treaties, Long Term Residency (LTR) visa benefits, or by keeping income abroad.

In any case there's a new option on the table: convert the offshore money you want to remit in Thailand into crypto (stablecoin if volatility is a concern), send it to a Thai licensed crypto exchange, convert your crypto back to THB, transfer THB to your bank account. No tax to pay for the next five years.

[CallumWK]

8 minutes ago, Yumthai said:

In any case there's a new option on the table: convert the offshore money you want to remit in Thailand into crypto (stablecoin if volatility is a concern), send it to a Thai licensed crypto exchange, convert your crypto back to THB, transfer THB to your bank account. No tax to pay for the next five years.

 

Why specifically 5 years?

[Yumthai]

4 minutes ago, CallumWK said:

Why specifically 5 years?

https://support.bitkub.com/en/support/solutions/articles/151000215173-cabinet-announces-exemption-of-personal-income-tax-for-capital-gains-from-digital-asset-sales-on-17-j

 

As per the cabinet resolution announced on 17 June 2025, the cabinet has approved the exemption of personal income tax on capital gains derived from the sales of digital assets conducted on digital asset exchanges, through digital asset brokers, and to digital asset dealers licensed under the digital asset business law ("the Cabinet Resolution") to promote the initiatives to be the digital asset hub, effective from 1 January 2025 - 31 December 2029.

 

[NoDisplayName]

17 minutes ago, Yumthai said:

In any case there's a new option on the table: convert the offshore money you want to remit in Thailand into crypto (stablecoin if volatility is a concern), send it to a Thai licensed crypto exchange, convert your crypto back to THB, transfer THB to your bank account. No tax to pay for the next five years.

 

Not quite.  It appears remittance taxation rules are still in effect.....(if they can catch you).  And since you only get the exemption if sending through a licensed exchange, they'll have records.

 

They approved a CAPITAL GAINS tax exemption for crypto through 2029.

[CallumWK]

3 minutes ago, NoDisplayName said:

 

Not quite.  It appears remittance taxation rules are still in effect.....(if they can catch you).

 

They approved a CAPITAL GAINS tax exemption for crypto through 2029.

 

That is also how I understand it, but I may be wrong.

 

If the crypto already was in the Thai exchange, your capital gains are tax free, but remitting them and exchange right away is a different story.

 

I'm happy to be corrected

[Yumthai]

2 minutes ago, NoDisplayName said:

Not quite.  It appears remittance taxation rules are still in effect.....(if they can catch you).

 

They approved a CAPITAL GAINS tax exemption for crypto through 2029.

You remit an asset (watch, gold, stock,.. crypto) in Thailand, do you pay tax on remitted asset assessed value or when you sell the asset?

[NoDisplayName]

4 minutes ago, Yumthai said:

You remit an asset (watch, gold, stock,.. crypto) in Thailand, do you pay tax on remitted asset assessed value or when you sell the asset?

 

Dunno.  Best research before bringing in crypto via broker/exchange.

 

I thought the beauty of cryto was its anonymity and ability to send to anyone, anywhere without need for banks or brokers.

 

Appears it would be classed as a remittance, and in this case the authorities would have good records of who and when and how much.  You can bring your crypto into via an exchange, but can you get it out without reporting cost basis and having withholding taken out?

[yozah]

An unsold asset is not income—it’s still just capital. So bring your long term coins to thai exchange and sell for 0 tax.  Any way the amendment that this thread is about should make this point mostly moot anyway.