Thailand Plans Tax-Free Repatriation of Foreign Income to Boost

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Thailand Plans Tax-Free Repatriation of Foreign Income to Boost Economy

Thailand’s Revenue Department is preparing legislation to exempt Thai residents from paying income tax on foreign-earned income brought into the country within two years. The move, expected to take effect this year, could unlock up to 2 trillion baht in overseas earnings, encouraging investors to repatriate funds previously kept abroad due to high tax rates. The law may also have a retrospective effect, benefiting income already transferred to Thailand. In parallel, the government has approved tax exemptions on cryptocurrency capital gains from 2025 to 2029, aiming to stimulate economic growth. Final details await Finance Ministry approval and Royal Gazette publication.