Thailand has clarified 2024 tax regulations: individuals staying over 180 days are now tax residents, making foreign income brought into the country potentially taxable. A Bangkok Post podcast, featuring tax experts, addresses the complexities of these new rules. ASEAN NOW

Thailand has clarified 2024 tax regulations: individuals staying over 180 days are now tax residents, making foreign income brought into the country potentially taxable. A Bangkok Post podcast, featuring tax experts, addresses the complexities of these new rules.

Experts addressed what constitutes a taxable remittance, covering ATM withdrawals, credit card use, and the status of specific income like government pensions. They also clarified the tax implications of pre-2024 funds transferred later and money received from joint accounts.

Further guidance detailed how Double Tax Agreements operate, the limits of Thai access to overseas account information, and the requirement for Destination Thailand visa holders (digital nomads) to file tax returns.

More details: https://aseannow.com/topic/1381108-podcast-reveals-key-thailand-tax-changes-for-foreigners/

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