Department to amend tax on foreign income remittance

Department to amend tax on foreign income remittance

The Revenue Department is preparing to draft legislation to amend the collection of tax on foreign income remitted to Thailand.

Thai expats scratching heads about latest tax news on overseas transfers

Have some expats taken the Thai income tax world too seriously? The Bangkok Post report that the Thai Revenue Department (TRD) is preparing a royal decree about a notoriously touchy subject has set the expat world aflame once again. It looks as if “Thais” who transferred income from overseas in 2024 won’t have to pay tax if moved in 2024, or indeed any time up to December 31 2025. The inference is that cash transferred here in 2025 won’t be taxe…

Foreign Earnings Taxed Under New Thai Rules - But With Exceptions

File photo for reference only The Revenue Department of Thailand is gearing up to draft new legislation aimed at revising how foreign income remitted to the country is taxed. Deputy Director-General Panuwat Luengwilai stated that Thais who earn income abroad and bring it into Thailand must declare it in their personal income tax filing, irrespective of the tax year in which it was earned. The tax rates are designed to be progressive, ranging…

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