Report Foreign Earnings Taxed Under New Thai Rules - But With Exceptions

[Presnock]

On 5/20/2025 at 11:11 AM, kuzmabruk said:

Is this why you live in Thailand?  Did you tell that to your home country revenue department?  And now you are wanted for tax evasion.   I would think your home country prison would be more comfortable that the Thai prison that you might be visiting.   Tax evasion is a serious crime even in Thailand.   Be careful.  

As a American some of us can't avoid the IRS of the US no matter where we live, we might be affected by the DTA with Thailand and maybe we can get a tax credit...maybe.

[Presnock]

On 5/20/2025 at 8:55 AM, NoDisplayName said:

 

Yes and no.

 

Global income may be assessable but only if remitted, so it's not like the US where remittance is irrelevant.  Everything everywhere all the time is taxable.

that was the rule last year and might be the rule this year but then depending on how the decree is written, it may go back to global income if it is assessable and one is a tax resident

[Bruce Aussie]

On 5/20/2025 at 7:43 AM, quake said:

 

it's much better to, slip in and out of the cracks .  

Be careful I got a cold once sleeping next a crack . 😀

[zepplin]

On 5/19/2025 at 8:31 PM, lordgrinz said:

Again with the constantly changing rules, if they are trying to frighten and scare off investment, they are doing a great job!

 

On 5/19/2025 at 8:31 PM, lordgrinz said:

Again with the constantly changing rules, if they are trying to frighten and scare off investment, they are doing a great job!

Yes , with the super confusing, constantly changing tax rules and now the total ban on Thai nominee companies to buy land/houses here they are doing a superb  job in scaring away foreign investors! 
outstanding! 

[sandyf]

17 hours ago, TroubleandGrumpy said:

The most stupid views are those based on ignorance and racism - like yours. The TRD process about 10 million tax returns a year - where are the other 30-40 million from Thais earning over 60/120K per year??  None of my Wife's family have ever paid income taxes, and two of them run businesses (hairdressers) that pull in well above 10K per month. Thais I know that pull in 100K in a good month do not pay income taxes - compliance is one thing, but enforcement is another thing altogether in Thailand.  That is the same for the majority of Thais who does not work for a company that have a TIN and the company pays TRD a percentage of their income as income tax.

You are out of order to suggest my post was racist but I suspect due to an ignorant interpretation. Many on here(falangs) have nothing but contempt for the Thais, they are the racists.

There is nothing clever in supporting tax evasion and the TRD has every right to minimise tax avoidance.

[sandyf]

27 minutes ago, Presnock said:

they said that it will depend on the final decree whether one who paid tax in 2024 will be able to get a refund or not.

That would be a step up on HMRC.

When they changed the NI reqquirement from 44 to 30 years a friend of mine had been making voluntary contributions and wrote and asked for a refund.  That was wishful thinking.

[Farang baa]

On 5/19/2025 at 7:13 PM, Gaccha said:

The article appears to be suggesting that non-resident Thais can now repatriate money to Thailand without paying the tax if sent in that year etc.

 

This seems baffling, because I assumed that non-resident Thais would not pay anyway.

 

Can somebody clear this up?

 

On 5/19/2025 at 7:13 PM, Gaccha said:

The article appears to be suggesting that non-resident Thais can now repatriate money to Thailand without paying the tax if sent in that year etc.

 

This seems baffling, because I assumed that non-resident Thais would not pay anyway.

 

Can somebody clear this up?

Okay—here it is—there is no difference between foreigners and Thais when it comes to tax.Its residency based tax—so more than 180 days in the country for tax your are Thai.Gathered they would change—as all foreigners and elite Thais would then just NOT remit i come into Thailand —which has now happened.

 

So after been gazetted—thais (gor tax purposes everybody who is in Thailand for more than 180 days per year)NO tax on income.

 

So its a complete 180 degrees on foreign income submitted to Thailand👍👍👍💪💪💪💪

[Cliffo]

Problem is with no tax being paid in Thailand, you will need to pay tax in the originating country where the income was generated under international dual tax exemption rules. 

[Presnock]

11 minutes ago, Cliffo said:

Problem is with no tax being paid in Thailand, you will need to pay tax in the originating country where the income was generated under international dual tax exemption rules. 

Duh, this has been theproblem all along.  People though now realize that as long as they are not long enough in a particular country, then they don't become tax residents (have to be from the US as we are taxed no matter where at - but can obtain tax credits and other possible benefits through the DTA between Thailand and US)

[Presnock]

14 minutes ago, Cliffo said:

Problem is with no tax being paid in Thailand, you will need to pay tax in the originating country where the income was generated under international dual tax exemption rules. 

Yes read about the OECD agreement and the reason for that among 136 countries as too many people have been hiding somewhere where they could avoid paying any tax to any country.  I do believe that banking rules and other country tax rules will eventually seek out everyone earning any money but not paying any tax on that income.  This is my opinion anyway and since I am an American I have never been able to escape the tax man and don't understand why so many do so.  But then seeing how in the US the richest folks want more and more tax breaks too and I believe greed comes into the equation.  But just because we have had to pay our income taxes, most American complain about that too.

[PomPolo]

Another announcement to add to my new filing system "The trash"

[whitfield]

Please note that this only applies to foreign earnings brought into Thailand.  It doesn't include capital transfers.  So if you need money here sell some investments and bring in the proceeds.  Buy back the investments with your earnings. 

[JohnnyBD]

New article regarding this issue makes things pretty clear.

 

Financial world expects policy reversal on taxation of foreign income repatriated to Thailand - Pattaya Mail

https://www.pattayamail.com/latestnews/news/financial-world-expects-policy-reversal-on-taxation-of-foreign-income-repatriated-to-thailand

[Johno57]

I can imagine people will begin to by pass banks all together and bye safes to keep their money at home due to tax & very poor bank interest rates , bye  gold ingots thus completely derailling this badly thought out idea...gold prices will rise as well as the baht which will be no good for tourism or economy..

[redwood1]

Only the little people pay taxes....

 

Me.....I am a King living like a king off Social Security......

[shackleton]

There are 2 answers if you are a expat residing in Thailand I am mainly looking at retired expats

1.  if you ae worried and can't sleep 😕 😴 I am sure there are plenty of Lawyers and accountants willing  to help you at a cost cash  🤑

2 probably like the majority of us wait  and see 👀 what transpires

Or the Government people bank ect contact you 

Enjoy your stay 

[JB300]

On 5/23/2025 at 3:13 PM, ukrules said:

 

They can forget about getting additional remittances forever if they do that, people would simply leave unless they did the absolute unthinkable and went 'full USA' but I doubt that will ever happen.

 

Even if they went “Full USA” Thailand couldn’t tax non-Tax residents on anything unless they were Thai Citizens (maybe argue a case for PR holders) so the approach of  spending <180 days in-country would still work. 

 

[Captor]

On 5/20/2025 at 4:36 AM, sandyf said:

"Under these new rules, foreign income earned and remitted within the same or following year will not incur tax."

So if I want to remitt income earned in this year (2025) for example 5 years later then I must pay tax?

The rule about remitted within the same year or the following year will not apply and I need to pay tax on that. 

That is a way of forcing the foreign income into Thailand faster. If waiting more than following year of the earning we must still pay tax and we are still screwed. But later on...

[EVENKEEL]

Is this still a topic of discussion, I thought we'd moved on. Seems if those who don't pay any tax in their home country, they could be liable here. Seems only fair.

 

Are there many of you guys who don't pay any taxes to any home country?