30/08/2024
Since 1 January 2024, new tax rules apply in Thailand for the taxation of income from abroad, including pensions. In principle, anyone who is resident in Thailand for tax purposes (stay longer than 180 days within a tax year in Thailand) and earns income abroad or receives a pension abroad must now pay tax on this income when money is transferred to Thailand. As always, exceptions prove the rule. Income earned before 1 January 2024 is not affected by the new regulation.
Switzerland has concluded an agreement with Thailand (document only available in German, French or Italian) to avoid double taxation (DTA). Taxes paid in Switzerland are generally taken into account in Thailand.
We advise you to seek advice on your specific situation in Thailand. For a rough estimate of the possible tax amount, we link to two tax calculators for Thailand:
– https://en-1466.site-translation.com/thailand/tax/4742.html
– https://www.uobam.co.th/en/tax-calculation