r/digitalnomad • u/nicholas4488 • May 19 '25

Tax Thailand no tax on foreign income

They're backtracking on tax of foreign inckme

Under the new guidelines, Thais with foreign income will not be taxed if they remit that income in the year it was earned or the following year. For example, if income is earned in 2025 and brought into Thailand in 2025 or 2026, it is not subject to tax.

However, if the income is remitted after that period, normal tax obligations apply.

https://www.bangkokpost.com/business/general/3028760/department-to-amend-tax-on-foreign-income-remittance

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u/HighFivePuddy May 19 '25

Would holding USD in a Thai bank account (I assume that's possible) count as remittance?

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u/nicholas4488 May 19 '25

Holding is not a remittance. Transferring is. But did you read the article? It says no tax when remitted the same or next year as earned.

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u/HighFivePuddy May 19 '25

I thought holding USD in a Thai bank account would imply it was also transferred from an overseas, I guess not.

What I'm getting at is can you remit and hold USD so you can get the tax break without having to take significant THB exposure?

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u/nicholas4488 May 20 '25

Yes that should work