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.

- WICHIT CHANTANUSORNSIRI

According to Panuwat Luengwilai, deputy director-general of the department, Thais with income earned abroad who remit it to Thailand regardless of the tax year must include that income in their personal income tax filing in Thailand.

The tax rate is progressive, with rates ranging from 5% to 35%.

These regulations regarding the taxation of foreign income remitted to Thailand were amended during the previous government and have been in effect since Jan 1, 2024.