Offshore Capital Gains Taxable In Thailand

[thairade]

Can anyone confirm or enlighten me on Thai tax rulings on offshore capital gains.

My understanding of Thai tax law as related to foreigners living in Thailand is that imposition of tax on income derived

outside Thailand will apply only to income derived and brought into Thailand in the same year in which such income is earned.

So capital gains are not taxed unless brought into Thailand in the year that they are made.

Furthermore:

If cash is brought in from an offshore account, how can they know if it was made that year? especially if investment money is constantly flowing in and out of the account over a period of years.

[thairade]

Delete