Yellow house registration books indicating the name of the property owner in Pattaya can be obtained at the City Hall by providing the following documents and information: Requirements 1. Long-Term Visa You must be staying in Thailand on a long-term visa.Those entering Thailand on a visa exemption stamp or tourist visa are not eligible to …
How to Obtain a Yellow House Registration Book in Thailand Read More »
The new Land and Building Tax law has generated the highest number of questions among Russian-speaking property owners in Thailand. There is a lot to consider: numerous scenarios and tax rates make it complex, even for lawyers. In this article, we aim to clarify the situation. Below are the main scenarios for foreign-owned property, along …
The new Land and Building Tax Act came into force on March 13, 2019 and will be applied starting January 1, 2020. The law changes many provisions of the previous version (see earlier articles on Land and Building Tax in Thailand and payment deadlines — valid until the end of 2019), and also introduces amendments …
While awaiting the introduction of the new property taxation system in 2020, we would like to remind you about the Local Maintenance Tax on land without buildings, which remains in effect until the end of the year. If your auditor calculates small taxes at the end of the year for a company that is not …
You arrive in Thailand. You go through passport control, standing in line with a thousand tourists from China and India. Finally, you reach the tired immigration officer. Then — a problem. You already have three 30-day stamps. They refuse to give you another one, despite your return ticket, cash, and even photos of your house …
If the owner personally resides in the property, land and building tax is not payable. However, any second and subsequent properties owned by the same person are automatically considered commercial properties and are not exempt from taxation. Land and a house owned by a foreigner through a company structure, in which the foreigner resides either …
Taxation of Property Used for Commercial Purposes Owners of property used for commercial purposes must pay taxes on the income they receive: Personal income tax must be paid to the tax authority by the end of March of the year following the reporting year, on a progressive scale. Land and building tax is paid to …
Businesses involving foreign investors in Thailand are typically registered as a Limited Company and must have the status of a Thai legal entity. This means that more than 50% of the company’s shares must be held by Thai citizens or Thai companies. Legal Framework This requirement is based on the Foreign Business Act.If 50% or …
In the previous article, we explained what Due Diligence is in the case of purchasing resale property or a land plot.What should you do if you are entering into a contract with a developer at the construction stage, when the apartment exists only in plans, designs, and marketing brochures, and how can you verify the …
Due Diligence: what you pay a lawyer for (continuation). Read More »
Under a gift agreement, the donor transfers property to the donee free of charge, and the donee accepts such property. The following will also be considered a gift. — The donor releases the donee from obligations that the donee owed to the donor.— The donor performs obligations that the donee owed to third parties. A …
