Is foreign-earned income taxed from January 1st, 2024?

Accounting, Investment, Property, Retirement, Tax , , , , ,

Effective January 1st, 2024, any foreign-earned income [example; salary, interest earned on savings, capital gain on assets etc] brought into Thailand that was earned and realized during any tax year, shall be subject to Thai personal income tax [ PIT ] assessment in the year it was brought/sent to Thailand. The main difference between this law previously and moving forward [from 1st January, 2024], is that personal income tax on any/all foreign-earned income shall now be applicable regardless of which [fiscal] year that income was earned and realized.

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Tourist Visa conversion in Koh Samui?

Business, Retirement, Tourist Visa, Visa , , , , , ,

Whilst those with short-term [Tourist or Special Tourist] visas have been able to easily extend them during the COVID-19 lockdown and border closures, some people have been inquiring as to whether it’s possible to convert this visa into a long-stay option such as; Retirement, Dependent, Guardian, Marriage and/or a Business Visa without leaving the Kingdom.

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