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Property Tax in 2020

In 2020, due to the pandemic, the rate of the new tax on land and buildings was reduced by 90%, and the payment deadline was extended until the end of August. Both measures applied only to 2020. From the following year, the standard tax rate is applied again, and the payment deadline remains at the …

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Teacher and Student Visas: Possibility of Extension Without Leaving the Country?

The Association of Private Schools and Non-Formal Education in Thailand has submitted a letter to the Government proposing changes to strict visa restrictions for foreign teachers and students. In particular, it suggests allowing teachers and students who are already in the country to extend their visas without having to leave Thailand. It is also proposed …

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Investment Visa

Real estate ownership (freehold or leasehold) in Thailand generally does not provide any advantages when applying for a visa. However, in some cases, property ownership may serve as a basis for obtaining a special type of visa — an investment visa. Below we explain what is required for this. Requirements for obtaining an investment visa: …

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Power of Attorney for Real Estate Purchase and Sale in Thailand

The world that existed before the pandemic is gradually regaining familiar shape, with essential institutions and routes reopening. Yesterday, the Russian Ministry of Foreign Affairs resumed acceptance of powers of attorney from Russian citizens for legalization for further use abroad. This important update primarily concerns those who wish to buy or sell real estate in …

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Life After the Amnesty

On July 31, 2020, the visa amnesty comes to an end. The chances of it being extended are decreasing every day. However, there is still no official information on what will happen to foreigners in Thailand after the amnesty ends. Possible scenarios include permission to stay upon obtaining a letter from a consulate, paid extensions …

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Tax Reporting on Bank Accounts

Last year, the Law “On Amendments to the Tax Code” (No. 48) came into force, which affects private individuals who regularly receive funds into their bank accounts in Thailand. Banks are required to report all annual transactions on personal accounts to the Revenue Department in the following cases: — If the number of incoming transactions …

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