Thai Tax Changes for Expats 2024 | Lawyer Explains

Welcome to our latest video, where we delve into the intricacies of the Thai tax landscape and bring you crucial updates for expats in 2024. Join Nick from How Do I Business, an expert in international business and taxation, as he breaks down the latest Thai tax changes affecting expats and provides insightful explanations to help you navigate through these updates seamlessly.

🌐 Topics Covered in This Video:
1. Overview of Thai Tax Changes:Gain a comprehensive understanding of the recent modifications in Thai tax laws that directly impact expatriates.

2. Key Changes for Expats in 2024: Explore the specific adjustments that expats need to be aware of and how these alterations may influence your financial planning.

3. Strategies for Compliance: Learn about 3 effective strategies to stay compliant with the updated tax regulations, helping you avoid any unforeseen issues or penalties.

Whether you're a seasoned expat in Thailand or considering a move, this video is a must-watch to stay informed about the latest tax developments. Arm yourself with knowledge and empower your financial decisions in the ever-evolving landscape of international taxation.

Don't miss out on this essential update! Hit the play button now and make sure to subscribe for more valuable insights on navigating the legal and financial aspects of living as an expatriate. If you find this information helpful, give us a thumbs up, share with fellow expats, and leave your comments below. Let's navigate the world of Thai taxation together! 🌏💼 #ThaiTax2024 #ExpatFinance #InternationalLaw

[LifeTsway]

Thanks for this video! As a Thailand expat of 4 years now, this is definitely something that I need clarification and a strategy on 🙏

[BambinoAmericano]

Sorry correction: the 35% only applies to any proportion of income above 5 million, not the entire income.

[asiajack]

Thanks for your video - so all the amont i bring with ATM will be taxed??? im confused

[thevagabond]

What about historic savings accumulated over 10 years in my saving account in another country? Will I get taxed for transfering from my own account in another country to my own account in Thailand?

[Michael_Skinner]

What if you don't bring any money into Thailand and just pull money from your account back hone with your debit card?

[orlandoheavener]

I’m planning on moving to Thailand and some of my income is from service connected disability from the military. Could that be taxed too?

[philify]

i spend 4 months in thailand thats enough for anyone.

[improv]

dude.. thanks for the info first of all but you really need to tell people in what timeframe you are giving the information. "if you make 150k .." in what? year, month? week? the taxfree ammount of 150k thai bhat in a month would be pretty good. next to useless though if it was a number for the annual income. because that would be about 4k USD in an entire year. this makes quite a difference, anyone able to clear that up? maybe i missed something.

[Onlinesupercoach]

Very informative. Appreciate you making this!

[timharu]

This video does not mention US Social Security which I read is not taxed in Thailand for Americans. Is this still true in 2024?

[gabrielvaloriani]

If I keep the money on a foreign bank account I still need to pay taxes?

[MrMrLeechill]

what if it's savings money that has already been taxed by the U.S.?

[kisskiss]

If I sell my condo in my country bef living in thai and no more investment, I transfer the money into thailand for daily expense. How do they know the money is from my saving or the money generate from interest income?

[johnwelch]

I live in Thailand, lm 71 will my Australian pension be taxed thanks.

[Jagutt]

But if im a thai tax resident i don't pay tax in my home land? Lets say i have stoks for $1 000 000. and get dividends or selling a little. like $20 000 a year all i pay is 20% tax in thailand thats all?

[Kinai]

if i withdraw my saving in Bangkok with foreign debit cardxATM, there is no tax, correct?

[istvanborbely]

So I'm in UK working here.i earn about 30. 000£ a year... Whit my spending here in UK let's say around 18k .. but the rest I transfer monthly bit by bit too my wife who is Thai...in Thailand.. I go Thailand about twice a year one a tourist visa... Will I be taxed for any amount?? 4... To 6k ??? What about the money I send to my wife monthly??? ... Will I need to pay tax ??? How ??? I pay taxes in England for all my money

[parasitius]

Does Thailand REALLY tax 35% when you are in the 35% bracket? For example, in the US if you are in the 35% bracket, you may only end up paying $22, 000 tax on a $100, 000 salary in Texas. Which is way more reasonable than an insane highway robbery (literal 35%).

[breadgarlichouse]

What about Americans living in Thailand and making their income from the USA? The USA has a double taxation treaty with Thailand.

[Junaninana]

if you do not have any active and passive income, you do not need to pay any tax. You get until 10 mio bath as gift from family support without tax. I think we know how to deal with the rest so that we don’t need to pay any tax there. Retirement money is not taxed at all