A few months ago, various press reports indicated that no income tax would be levied on foreign assets transferred to Thailand in 2025 for income earned that year.

 

However, I have not heard anything more about this since then. Has this regulation gone into effect, or has the matter been dropped?

 

 Please don't discuss the reasons why one would transfer their foreign assets to Thailand. I have my reasons, which I will not discuss.

 

Thanks in advance for any answers!

nothing has changed in the current tax law … the rules about transfers from abroad are still the same as the ones newly introduced in 2024 …

 

there was a proposal for a possible change in the law that might come into effect in 2026, and that was in the news, but whether this change will actually happen is still uncertain … 

Thank you for your reply. Red Ant!

PM removed from power.

On 7/16/2025 at 9:15 AM, thecaveman said:

A few months ago, various press reports indicated that no income tax would be levied on foreign assets transferred to Thailand in 2025 for income earned that year.

 

However, I have not heard anything more about this since then. Has this regulation gone into effect, or has the matter been dropped?

 

 Please don't discuss the reasons why one would transfer their foreign assets to Thailand. I have my reasons, which I will not discuss.

 

Thanks in advance for any answers!

expattax.com has an ad for free printing of the current Thai tax law and also still offers a "free" consultation.  Just e-mail carl at that  website and he will gladly provide you with your answers.  The latest tax decree has yet to meet the press so will it happen this year or not?  again, you could get a hundred different answers on this forum about taxes and none may be correct as folks love to guess here what is what.  Get a visa that exempts you from local taxes if possible then you could just relax on this issue.

On 7/16/2025 at 9:15 AM, thecaveman said:

A few months ago, various press reports indicated that no income tax would be levied on foreign assets transferred to Thailand in 2025 for income earned that year.

 

However, I have not heard anything more about this since then. Has this regulation gone into effect, or has the matter been dropped?

 

 Please don't discuss the reasons why one would transfer their foreign assets to Thailand. I have my reasons, which I will not discuss.

 

Thanks in advance for any answers!

The last news article I read was in early June, unfortunately I can't find the link again sorry. It stated that the proposal was still in the draft stage after which it would then proceed through Thailand's multi step legislative framework which can take several months. The new law related to remittances from overseas is anticipated to be completed before the end of 2025. 

 

I put the general question to AI too and just about received the same answer.

 

Thailand's new law process involves a multi-step legislative framework aimed at ensuring thorough examination and discussion of proposed legislation. The process typically begins with proposals from the Senate, the House of Representatives, or the Cabinet. Legal professionals then prepare draft legislation, which is evaluated by committees with relevant jurisdictions. After preliminary discussions in the House of Representatives, the legislation undergoes further scrutiny and debate before it is put to a vote. If passed, it proceeds to the Senate and eventually to the King for royal assent, making it official law.

Recent legislative activities in Thailand include the drafting of new laws such as revisions to tax collection on foreign income remitted to Thailand, new rules for health insurance co-payment effective March 20, 2025, and a new co-payment rule for health insurance set to take effect on March 20, 2025.

I have a Tax ID and claimed the tax return for 2024 based on dividend income (approximately 19,000 BHT). I did not remit any money from the EU (as a citizen of the EU) in 2024. I was asked to

provide additional documents to RD, like my source of income in my country, for every month, with proof of paid taxes(pension). I had to give them all my bank accounts in Thailand and my bank accounts in the EU, with all remittances to Thailand. Besides, I need to provide my brokerage account with a bank account from which I made transactions, and all TSD forms of dividends paid with taxes. I provided RD with all documents on Friday, and now I can just wait.

17 hours ago, Conno said:

If passed,

Is the key point........currently a big 'if'..........

7 hours ago, vukovar77 said:

I have a Tax ID and claimed the tax return for 2024 based on dividend income (approximately 19,000 BHT). I did not remit any money from the EU (as a citizen of the EU) in 2024. I was asked to

provide additional documents to RD, like my source of income in my country, for every month, with proof of paid taxes(pension). I had to give them all my bank accounts in Thailand and my bank accounts in the EU, with all remittances to Thailand. Besides, I need to provide my brokerage account with a bank account from which I made transactions, and all TSD forms of dividends paid with taxes. I provided RD with all documents on Friday, and now I can just wait.

Curious what you think this has to do with the Op's question......or you just wanted to share..........? 

On 7/20/2025 at 6:09 PM, topt said:

Is the key point........currently a big 'if'..........

Certainly it's a big if.....this is the land of the BIG IF after all, but lets face it we know what the biggest motivator is here. From the lowest of the low to the highest of the HiSo..... money.

 

Maybe I'm just wishful thinking but I do strongly believe this will pass and be gazetted into law. The original news when it first came out earlier this year was accompanied with an admission that the changes that were implemented 1st Jan 2024 had resulted in a sharp drop in overseas remittances entering the country [5555 ya reckon!]  I very much doubt that has changed and I imagine is even worse now, what with all the bank account chaos we are witnessing. 

 

I for one am holding back overseas remittances until I see what this particular Big If turns into. I imagine I'm not the only one. I don't have a crystal ball and totally agree the logic here seems to be of a different variety than what we are used to, but knowing Thais and money I think the chances for the Jan 2024 changes to be reversed are pretty good. We'll see.