[https://www.prachachat.net/finance/news-1432180](https://www.prachachat.net/finance/news-1432180)
Some time again I mentioned that it was not crystal clear whether or not the clock for past assessable income would reset on Jan 1 2024. A report in Prachachat says that it will (possibly quoting the RD):
>“Income generated before 2024 will use the old rules. …
I assume this is the first of a series of *guidance* and *safe harbor* rules from the RD for determining whether or not remitted income is assessable and taxable.
*If the article is accurate,* the first safe harbor rule seems to be that money remitted (in 2024 or beyond) from an account that was:
* funded in 2023 or earlier, and
* has not had additional funds credited in 2024 or subsequent years,
will be assumed to be non-taxable income in Thailand. I’d think that an account statement that shows:
* pre-existing funds from 2023 or earlier, and
* Thailand remittance from that account that matches any Thai account balances.
will be accepted as the safe-harbor evidence. It might be a good idea for tax residents to maintain these accounts as-is, and to establish new accounts for income and spending in 2024 and beyond.
***Edit:*** Note that if the clock does reset in 2024, there is no change in the calculation of taxable income in 2024 — it’s still only current (2024) assessable income that is remitted in 2024, as it has always been. An actual effect will not be seen until your 2026 filing for the 2025 tax year, when 2024 (and 2025) income could be taxed if remitted in 2025.
*Note that I may be a dog at an ADM-3A. I have no particular expertise at any of these matters beyond enjoying chewing up bank statements. Please let me know if I have made any factual errors.*
