Currently there is no limit for incoming transfers.

 

If the recipient does not have a Foreign Currency Deposit (FCD) account, the Thai bank automatically converts incoming funds into Thai Baht (THB), and no transfer limit applies under Thai law.
The well-known USD 1 million / 360-day rule applies only when foreign currency is retained in Thailand, i.e. on an FCD account.
Therefore, when funds are converted to THB on arrival, Thailand imposes no statutory limit on the transfer amount.
Any limits encountered in practice come solely from the sending bank or payment service (e.g. Wise (about 1 Mio Baht per transaction, depends on the thai bank) or US/EU banks, US(about 1 Mio $), not from Thailand.

 

https://www.bot.or.th/en/our-roles/financial-markets/foreign-exchange-regulations/exchange-control-regulation.html

4 hours ago, SamSpade said:

So if I spend 6 months outside of Thailand next year while I bring in 20Million to buy a Condo is it reported or not & if it is reported what does that mean for/to me? 

 

For tax residents (180 days or more), the receipt of income may trigger Thai tax liability, regardless of how the funds are used.

50 minutes ago, robz said:

 

For tax residents (180 days or more), the receipt of income may trigger Thai tax liability, regardless of how the funds are used.

Exactly why I plan on spending <180 days in Thailand next year. 

Have 10 days booked in the Maldives for Jan/Feb, 60 days booked in UK for March-May (UK Tax year starts April 6th & I still have at least 15 days to use to stay under the 46 day rule, reality is I can use 120 days per year but definitely want to stay under the 90 day rule). 
 

Just another 120 days or so left to book 👍🏻

 

Well, if you are not doing big-time business or transfering loads of money via Swift etc., then legally you can arrive at the BBK airport with 500k baht cash or the equivalent of $20k US without declaring it... better off doing that for 95% of people.

4 minutes ago, Sir Dude said:

Well, if you are not doing big-time business or transfering loads of money via Swift etc., then legally you can arrive at the BBK airport with 500k baht cash or the equivalent of $20k US without declaring it... better off doing that for 95% of people.

Doesn’t help when you’re buying a Condo in the Foreign Quota plus $20K wouldn’t trigger the new reporting regulations anyway. 
 

If you’re thinking you can bring $20K in to exchange at a money changer & it won’t be reported you might want to think again, all take your passport details and report fx transactions to BoT. 

1 minute ago, SamSpade said:

Doesn’t help when you’re buying a Condo in the Foreign Quota plus $20K wouldn’t trigger the new reporting regulations anyway. 
 

If you’re thinking you can bring $20K in to exchange at a money changer & it won’t be reported you might want to think again, all take your passport details and report fx transactions to BoT. 

Just bring in the baht then, or change the dollars with someone Thai you know who wants the foreign exchange that is here and will do it off the books.... many Thai business types with help out.

I don't think this have anything to do with tax. I believe this is to prevent "gray money" from entering the market unchecked, which in turn helps to strengthen the currency.
But what good does it do as long as those who regulate the floodgates and set the rules possible are the ones who benefit from a strong currency.

Felt

Edited by me

7 hours ago, SamSpade said:

So if I spend 6 months outside of Thailand next year while I bring in 20Million to buy a Condo is it reported or not & if it is reported what does that mean for/to me? 

If you are spending 6 months outside of Thailand, you are likely non resident. Therefore, it follows that a transfer of the size you mention will be reported. You may be asked why you transferred in the month but I expect that will be it.

 

This is what happened when i transferred in money to buy my house. There were reporting requirements back then as well. 

22 hours ago, webfact said:

 

Thailand is ramping up control over foreign capital inflows as part of a strategy to regulate baht movements. The Bank of Thailand announced that banks must report any non-resident capital inflows exceeding $200,000 (approximately 7,020,000 Thai baht). Governor Vitai Ratanakorn confirmed that the move aims to enhance oversight, marking the first time such inflows undergo scrutiny for purpose and documentation.

 

This new regulation will be effective from Monday, with banks also required to report gold trading transactions on digital platforms daily and per transaction. The decision comes amid the baht’s recent swift appreciation against the US dollar, outpacing currencies like the Malaysian ringgit, Singapore dollar, and Chinese yuan. The baht has strengthened by 4.2% against the dollar monthly and 9.4% for the year, raising concerns about its impact on exporters.

 

Governor Ratanakorn stressed the need for detailed information to understand currency movements, noting the significant role of gold speculation in the baht's appreciation. Gold trading through online platforms represented a substantial portion of foreign exchange transactions, peaking at 60% in August. Consequently, the Bank of Thailand is implementing stricter regulations on these transactions.

 

Discussions between the central bank, the Ministry of Finance, and the Securities Commission explored the potential implementation of a special business tax on online gold trading, pending review by the Revenue Department. Vitai acknowledged the central bank's recent interventions to mitigate baht volatility, stressing the desire to prevent the currency's strength from negatively impacting the economy.

 

While managing volatility remains a priority, the bank reiterated that it cannot set or manipulate the baht's value due to international agreements. This position underscores the precautionary nature of the latest measures aimed at stabilising financial markets, according to a report by the Bangkok Post.

 

Key Takeaways

• Thai banks are to report non-resident inflows exceeding 7,020,000 baht.
• Gold trading transactions on digital platforms face new reporting rules.
• Measures aim to manage rapid baht appreciation against the US dollar.

 

 

  Adapted by ASEAN Now from Bangkok Post 2025-12-26

 

 

 

The UK caught a lot by changing the design of the £10& 20 notes

to get them redeemed they had to go to a bank, and no doubt explain to the Dibble, why so much?

RoI also caught a load when the went from  Punts to Euros. 
thwres also a comedy fi about a couple of kids who find a case of Doddy money thrown out of a train. 

22 hours ago, ukrules said:

foreign accounts held abroad by residents of Thailand.

Isn't it accounts held by nonresidents, ie., residing in Thailand for less than 180 aggregate days in a year?

23 hours ago, webfact said:

banks must report any non-resident capital inflows

 

On 12/26/2025 at 9:43 PM, ikke1959 said:

Sand in the eyes to hide their mown short comings and manipulation.. With this exchange rate not much money will flow into the country.... Me too I only transfer what I need, and the rest will be safe in my countries bankaccount till the exchange rate will be better

They are robbing pensioners and expats, tourists won't be keen to come here, that's showing already. 

Some hotels down to 10% occupancy. Is this also a way to combat oil price rises and fertiliser prices due to Zelenskys war. 

On 12/27/2025 at 6:57 PM, Srikcir said:

Isn't it accounts held by nonresidents, ie., residing in Thailand for less than 180 aggregate days in a year?

 

Exactly that. 

On 12/27/2025 at 3:39 PM, robz said:

 

For tax residents (180 days or more), the receipt of income may trigger Thai tax liability, regardless of how the funds are used.

But this article has zero to do with income tax.  It’s to do with people outside Thailand (non residents) remitting money into Thailand, buying baht (or gold) and causing the baht to rise.

Residents of Thailand are not affected. At least that is how I read it.

Going to be interesting for those who are newly retired and either transfer 7 million baht for the purpose of buying a property here, or, sell up and cash out of their own country and move all their funds to Thailand for retirement.  

5 minutes ago, wensiensheng said:

But this article has zero to do with income tax.  

For now.