The fear that retirees and other non-working expats are about to be taxed on their overseas pension income has created a field-day for internet warriors, click baiters and nervous long-term visa holders. But calmer reality suggests it may be premature to start packing your bags in utter disgust.
The Thai revenue department has recently stipulated that, from the next calendar year, “earned income from overseas” will be liable for personal income tax for those (Thais or foreigners) spending up to 180 days a year in the country. This is, in fact, an old revenue rule but has been updated to close the loophole in which those liable delayed transferring their income until a later year.
To pay personal income tax you need a TIN (tax identification number) issued by the revenue department. Without that…
