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Tax Break Bonanza: Thais to Benefit from New Foreign Income Rule

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1 hour ago, motdaeng said:

 

first, they introduced the new tax law not because of us foreigners living here. second, the "missing" approximately 2 trillion baht that was not transferred from abroad into thailand is also not because manly of us retired foreigners ... 

 

we foreigners who retire here sometimes think we are more important than we actually are ... :smile:

 

 

Ok, ok, ok, red ant thinking:

 

"I don't want to pay Income Tax in Thailand" = "I think I am more important than what I actually am".

 

Congratulations for this brilliant post..

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  • the excuse for introducing these new tax rules last year was primarily to tax foreign income earned by Thais - now they are exempt!!!, are they having a laugh

  • But But But........ We have spent years arguing in circles on all the countless and pointless tax threads......Now what are we going to argue about? I feel Cheated...

  • Thailand’s personal income tax system is based on residency, not nationality, as outlined in Section 41 of the Revenue Code. A tax resident—defined as anyone, Thai or foreign, residing in Thailand for

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2 hours ago, motdaeng said:

 

first, they introduced the new tax law not because of us foreigners living here. second, the "missing" approximately 2 trillion baht that was not transferred from abroad into thailand is also not because manly of us retired foreigners ... 

 

we foreigners who retire here sometimes think we are more important than we actually are ... :smile:

 

 

Not me, I am here only because I can live better here than in the US or just about anywhere else in much of the world.  Fortunately the taxes for foreign income from me do not exist due to exemptions.  I can only hope that remains to be true.

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5 hours ago, Peter Crow said:

DTA gives tax relief only if you pay tax elsewhere, so not "tax free", maybe tax free in Thailand.

 

I don't pay tax any IT anywhere, so if I didn't have the LTR exemption I'd face an 800K yearly tax bill...

Not exactly true.  Example: If you have only US Social Security as income, you will not pay tax in the US.  Social Security is also exempt from Thai taxes by treaty so no tax at this end either.  Other countries treaties might have the same type of exemptions, each one is different. 

4 hours ago, DrPhibes said:

Not exactly true.  Example: If you have only US Social Security as income, you will not pay tax in the US.  Social Security is also exempt from Thai taxes by treaty so no tax at this end either.  Other countries treaties might have the same type of exemptions, each one is different. 

 

Interesting. And it pretty much helps make the point that many Double Tax Agreements (DTA) are different.

 

There are many different tax outcomes here dependent on the country associated with the DTA.  i suspect a separate thread would be useful for each of the countries with the largest % of expats (who are Thai tax residents) to help inform of the tax implications.

 

In the case of Canada-Thailand (which obviously is different from Thailand-DTA-with-other-countries) I tried to populate such a thread (that someone else started) here:

 

 

(my posts only come later in that thread).

As I always say for years, you are only a farang here and thais only want your money. Especially thai womens! It doesn't matter if you're talking about prostitutes or normal women, they are all the same

BUT I NEVER PAY TAXES IN THAILAND!

11 hours ago, oldcpu said:

 

Interesting. And it pretty much helps make the point that many Double Tax Agreements (DTA) are different.

 

There are many different tax outcomes here dependent on the country associated with the DTA.  i suspect a separate thread would be useful for each of the countries with the largest % of expats (who are Thai tax residents) to help inform of the tax implications.

 

In the case of Canada-Thailand (which obviously is different from Thailand-DTA-with-other-countries) I tried to populate such a thread (that someone else started) here:

 

 

(my posts only come later in that thread).

Not a bad idea.  Pretty busy right now with kids starting school but will see what I can do about reducing the US tax treaty down to layman's terms and post.  There are some interesting things concerning taxing dividends and other types of income on the Thai tax return at certain max rates which do not match the Thai tax return rates as they exists today.  I guess you would have a lot of attached notes with treaty references and such to justify the numbers in the Thai return.

14 hours ago, Jack1988 said:

prostitutes or normal women, they are all the same

Most perhaps, but not all. 

On 8/5/2025 at 9:43 AM, Nickcage49 said:

So you want foreigners to pay tax on their earnings but not Thais? Say what?

 

 

"For those residing in Thailand for 180 days or more in a tax year, the Resident Rule applies, making them liable for income tax on international earnings. This upcoming legislation aims to refine these rules, providing much-needed tax relief for many."

 

 

1 minute ago, Espanol said:

 

 

"For those residing in Thailand for 180 days or more in a tax year, the Resident Rule applies, making them liable for income tax on international earnings. This upcoming legislation aims to refine these rules, providing much-needed tax relief for many."

 

 

 

 

How does introducing a new tax on people, who previously never paid tax, provide much needed tax relief?

7 minutes ago, Will B Good said:

 

 

How does introducing a new tax on people, who previously never paid tax, provide much needed tax relief?

 

 

I suppose this means that people who previously didn't pay taxes on remittances from abroad, and were required to declare them starting in 2024, will no longer have to do so.

But the truth is, we're all just guessing. Even tax advisors and even the Treasury offices.

 

 

5 hours ago, Espanol said:

 

 

"For those residing in Thailand for 180 days or more in a tax year, the Resident Rule applies, making them liable for income tax on international earnings. This upcoming legislation aims to refine these rules, providing much-needed tax relief for many."

 

 

 

This is a quote from one of the news articles in this thread as to what someone hopes to implement? or is it intended to reflect what someone states is in place today?

 

Despite all the talk, to the best of my knowledge, Thailand is STILL a remitted taxation system and hence  in regards to any liability on international earnings, that money is only taxable by Thailand if it is brought into Thailand AND only if it was also earned AFTER 31-Dec-2023.  Any money earned before that, in any tax year before (when one was a resident to Thailand) is still considered savings when remitted into Thailand per Thai ministerial documents POR.161.162 and not taxable (and IMHO not to be included in a Thailand tax calculation).  Further DTAs come into play here as well.

 

Apologies if I am missing the point of the post, but it can be easy to be lead to wrong conclusions if one does not know all the details. 

 

On 8/17/2025 at 10:02 AM, oldcpu said:

Articles dated 5 June 2024 and 8 Sep 2024. Both a bit old news now .. and so far? .. Nothing newer to date. ..  In fact after those articles there were other news sources suggesting Thailand might drop all taxation on any remitted income to Thailand for some TBD  time frame. That IMHO was speculation. So too does this read to be Thai Examiner speculation with some click bait thrown in.

last

 

On 8/17/2025 at 2:18 PM, connda said:

A bunch of us told ya'll who were sweating bullets to chill out. In the end? A nothing-burger. All that anxiety over nothing. 😟

 couploe of days a couple of Thai Examiner articles about this same goal of the current govt to go to the negative income tax program by 2027.  Obviously if the currrent PM stays in power, then this goal of the former PM probably will move forward but in what ways it will impact expats is totally unknown until we see a final bill in the Gazette.

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