07/06/2024
FOREIGN-SOURCED INCOME. Thailand's Department of Revenue issued Departmental Instruction No. Paw. 161/2566 (2024) (DI. Paw. 161), which impacts the tax of foreign-sourced income for Thai residents. The change is that Thai residents are now subject to personal income tax on foreign-sourced income brought into Thailand, regardless of the tax year it was earned. This applies to income derived from employment, business activities, or property overseas.
Previously, foreign income was taxed only if brought into Thailand within the same tax year it was earned. This eliminates that loophole and applies to all foreign-sourced income brought into Thailand from January 1, 2024.
If you stay in Thailand for more than 180 days, you're a Thai resident. If you have foreign income, it's taxable. But we can help.
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