Income Earner Residency And Taxable Income Earned Abroad

[Wekhin]

Many members have asked this question so I think I would summarise the answers here. Maybe better if this topic is pinned.

An income earner is consider a thai taxpayer if he meets all these three conditions.

1. Income earner stays in Thailand from 180 days in a tax year (1 Jan to 31 Dec) starting from the day of entry to departure. Multiple entry is accumulated.

2. Earns assessable/taxable income from any of:

2.1 Jobs done abroad: for example, is employed to do the work as well as receives salarly abroad.

2.2 Business or work done abroad: for example, receives money from being a photographer in a fashion show in Paris.

2.3 Assets abroad: for example, rents received from letting a house abroad.

3. Brings assessable/taxable income into Thailand

Only the amount of assessable/taxable income brought into the country is subject to tax.

Assessable/taxable income is divided into 8 categories as follows:

(1) income from personal services rendered to employers;

(2) income by virtue of jobs, positions or services rendered;

(3) income from goodwill, copyright, franchise, other rights, annuity or income in the nature of annual payments derived from a will or any other juristic Act or judgment of the Court;

(4) income in the nature of dividends, interest on deposits with banks in Thailand, shares of profits or other benefits from a juristic company, juristic partnership, or mutual fund, payments received as a result of the reduction of capital, a bonus, an increased capital holdings, gains from amalgamation, acquisition or dissolution of juristic companies or partnerships, and gains from transferring of shares or partnership holdings;

(5) income from letting out of property on hire and from breaches of installment sales or hire-purchase contracts;

(6) income from liberal professions or professional services;

(7) income from construction and other contracts of work;

(8) income from business, commerce, agriculture, industry, transport or any other activity not specified earlier.

Edited August 15, 2007 by Wekhin

[Maestro]

Nothing new here. It has been said innumerable times: if you bring foreign-earned income into Thailand during the calendar year you earn it, it is taxable in Thailand according to Thai law. If you bring it to Thailand later, it is considered savings and thus not taxable.

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Maestro

[Naam]

Nothing new here. It has been said innumerable times: if you bring foreign-earned income into Thailand during the calendar year you earn it, it is taxable in Thailand according to Thai law. If you bring it to Thailand later, it is considered savings and thus not taxable.

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Maestro

and that's the reason why for me Thailand is truly the Land of Smile!