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- LIVING IN THAILAND
- Expat and Thai Income Tax
- ASSESSABLE INCOME
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The information included on this webpage is intended for information purposes only and should not be considered as tax advice from the Pattaya City Expats Club.
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| Income subject to Personal Income Tax (PIT) is called “assessable income”. Many Expats residing in Thailand are retirees and transfer all or part of the monthly pension into to Thailand to cover living expenses which may or may not be considered assessable income depending on its source. Assessable income is defined in Section 40 of the Thailand Revenue Code. Click here for an English Translation - source: Law library from Siam Legal. |
Assessable income falls into 8 categories. The source of money remitted into Thailand from overseas by most Expats will most likely fall under the following categories:
Most money remitted by Expats into Thailand will most likely be in an assessable income category. However, Thailand has entered into Dual Tax Agreements (DTAs) which will usually have sections regarding treatment of certain income within those categorize including making certain types exempt from Thai Personal Income Tax. See the Dual Tax Agreement Section of these webpages for more information on DTAs and a link to the Thai Revenue Department's (TRD's) webpage listing the countries with such Agreements (the webpage, in English, has links a copy of the DTA for that country). The Thai Revenue Department (TRD) provides the following English language form to list assessable income by category. The amounts should be entered by category into the Personal Income Tax form filed with the TRD (A link to where one can download the forms is included in the Computing Tax Liability page (to view, click on button at top of this page):
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