By now you’ve probably seen the panic online regarding the proposed changes to tax policy on foreign income remittance in Thailand. Many expats are scaring themselves and others with speculation over how the changes will impact life in Thailand.
In light of this, I thought it would be a good idea to separate the truth from the speculation and keep you all properly informed. I will make this a live post and update it as and when new information comes in.
If you want to be kept updated by email, see the last section of this post, as I have enlisted the help of a tax professional.
Understanding the Thai Tax Residency Rule
To understand whether or not this change will affect you, let’s first define a resident, or rather, a tax resident in Thailand. In Thai law, a tax resident is defined as an individual who stays in Thailand for a period or periods aggregating 180 days or more in any tax…
