New Home 2B/2B F/Furn $463 A Month In Prachuap Khiri Khan Thailand! - Thai Tax ID Number For Expats!

Understanding the tax implications of bringing foreign money into Thailand is crucial, particularly due to recent changes and proposed revisions to the tax laws.  Here's a breakdown of the current and proposed rules: 1. Tax residency If you spend 180 days or more in Thailand during a calendar year, you are considered a tax resident. As a tax resident, you are generally subject to Thai tax on income earned within Thailand and on foreign-sourced income brought into the country.  2. Foreign-sourced income Current Rule (since January 1, 2024):If you are a Thai tax resident, any assessable foreign income brought into Thailand is subject to Thai personal income tax, regardless of when it was earned, according to Titan Wealth International. Proposed Rule (drafted in June 2025):The Thai Revenue Department proposed an amendment to allow foreign-sourced income earned in or after 2024 to be exempt from tax if remitted to Thailand within the same calendar year or the following year. Income remitted after this two-year window would be subject to tax. Non-tax residents: Individuals residing in Thailand for less than 180 days are generally not subject to Thai tax on foreign income, as long as it's not from Thai sources.  One correction! I said Thai Tax Law and meant to say the Tax Treaty with the US (see below) TAXATION CONVENTION WITH THAILAND Link below (see article 20 pensions, and Social Security) https://www.irs.gov/pub/irs-trty/thai... JJ,s contact info Line ID: jia42864 WhatsApp: +66804955456 E-Mail: mr.jia30@gmail. Vhome บ้านวีโฮม 061 545 9594 https://maps.app.goo.gl/tN3N3fCW24CQx... The Thai Gift & Foreigner Joe YouTube channel is seen by people from all around the world. We post videos of our journey while living in Thailand and traveling around the world for the pleasure of our audience only. Our content is not meant to encourage/discourage or influence anyone to travel, live, work, marry, retire, rent, buy, build or own a home, land or business in Thailand or any other country for that matter. Our content covers a wide variety of topics including cost of living, travel, food, real life stories, informational videos, homes, condos and land for sale or rent and much more. Our videos are based on our own experience and we do not claim to be, nor are we experts in regards to any of the info that we may share with our audience. It is highly recommended and encouraged to seek professional legal advice, visit official Government websites and fully understand, countries laws, rules & regulations, terms and conditions prior to signing any legally binding contracts. Thank you for watching. Please like, share and subscribe. How to support the channel: Buy Gift Iced Chocolate. 😁 https://www.buymeacoffee.com/ThaiGirl... Tip Jar (PayPal) 🙆🏻‍♀️ https://www.paypal.com/paypalme/Nutta... How to contact us: PM Facebook Page. 😃 https://www.facebook.com/profile.php?... Instagram snow.gift 🎁 https://www.instagram.com/snow.gift?i... Check out American International Tax Advisers WhatsApp:+66910571270 LINE: 0910571270 [email protected] For Legal assistance of any kind in Thailand, Check out the link to Thai Legal Protection below. https://thailegalprotection.com?ref=z... Some of the services provided for just a small monthly fee include Coverage Details: Immigration Issues Insurance Claims Traffic Casualties Business Negotiations Liability Insurance Domestic Disputes International Travel Visa Buying or Selling Your Home Child Adoption Living Will or Last Will Review of Contracts Cyber Crime and More...