Retired expats are not taxed on overseas income

your say March 06, 2018 01:00

Re: “Don’t double-tax foreign residents”, Letters, March 4.

Jesse asks if the Thai government wants to charge retired foreigners, now living in Thailand, tax on the money that they have already earned overseas (that they wire transfer in to live on).

According to my understanding (anyone, please correct me if I’m wrong) the answer is no.

If you are retired, living in Thailand, any money that you bring in during the current year was earned in a prior year, which is not subject to Thai income tax for the current year.

Foreigners must report earnings in the current year, which in most cases means anything “Thailand-sourced”, also known as Assessable Income.

Finally I would like to add that I personally have found my local Thai Revenue Department, where I go to file my income tax return, to be extremely helpful.

Eddie Delzio