New Thai Tax Rule Threatens Expat Retirees’ Foreign Earnings

By: Jens Kastner

A new Thai rule on payment of personal income tax from overseas income meant to step up tax collection from citizens who invest in shares, bonds, and property abroad has become a major irritant for tens of thousands of Western retirees in the kingdom, as it closes a loophole that had allowed many of them to avoid paying income taxes.

The …