Don’t double-tax foreign residents
I have heard rumours that the Thai government now wants to charge foreigners who live in Thailand tax on the money they have already earned and/or bring into (wire transfer) the country to live on. So far I have been unable to locate any newsworthy articles relating to this rumour.
What I do understand is that if a foreigner works here, or owns rental property, or has their own business, they are required to pay taxes on the money they have earned. What I don’t understand is how one country’s government can take taxes from a person who has already paid taxes on the money they have already earned under a government in another country. In short, many retired foreigners here in Thailand are living on money they earned in their own country.
Does anyone have information on the relevant Thai tax policy here?
Jesse Salazar
Hua Hin
