When paying for services, a Thai company acts as a tax agent:it is required to withhold tax (Withholding Tax), remit it to the tax authorities, and issue a withholding tax certificate to the recipient. How Withholding Tax Is Treated The withheld tax amount can be used: VAT When Working with Foreign Companies A Thai company …
Settlements with Thai and Foreign Agents: Recipient’s Taxation Read More »
Property tax in Thailand (land and building tax) depends on how the property is used. Base rates: Let’s review how the tax is calculated for properties valued at 10 million and 40 million THB. 1. Freehold + Yellow House Book If the owner has a yellow house book, the property is considered their primary residence. …
From the age of 50, additional visa options become available in Thailand.In practice, two main options are usually considered: the classic retirement visa and the LTR visa for wealthy pensioners. Let’s review the key differences. What These Visas Offer Validity Period Work Authorization Tax Benefits Airports and Immigration Entry and Exit Retirement visa: LTR: Visa …
Visas for Those Over 50: LTR (Wealthy Pensioners) vs Retirement Visa Read More »
LTR and Thailand Elite are long-term visas that allow comfortable living in Thailand.The choice between them depends on your goals, lifestyle, and financial capacity. Let’s review the key differences. What These Visas Offer Validity Period Work Authorization Tax Benefits Service and Support Thailand Elite: LTR: Airports and Immigration Thailand Elite: LTR: Common Advantages Both visas …
Who Needs LTR and Thailand Elite Visas — and Why Read More »
Continuing the topic of construction contracts, in practice there are cases where, before registration, the developer informs the buyer that the landowner has changed and a new leasehold agreement must be signed. Let’s review the risks involved and how to proceed. Initial Transaction Structure In such cases, the typical situation is: Then, closer to registration: …
Case Study: Change of Landowner (Developer) for a Villa Plot Read More »
When purchasing a villa in Thailand, developers may offer two different legal structures:a sale and purchase agreement or a construction contract. In practice, these are fundamentally different approaches, even though in both cases the land is typically transferred to a foreigner under a leasehold agreement. What Is the Difference Between the Models? Purchase of a …
House Purchase Agreement vs Construction Contract Read More »
Purchasing property in Thailand is not just about choosing a unit and signing a contract.It is important to assess all risks, costs, and legal aspects of the transaction in advance. 1. Clarify All Costs The property price is only part of the total expenses. You should also consider: Contracts often include wording such as: Such …
What We Recommend Doing Before Purchasing Property Read More »
When purchasing an off-plan condominium unit from a developer, the buyer initially has the right to assign their rights and obligations under the contract (Assignment) to a third party. This is stipulated in the Standard Condominium Sale and Purchase Agreement approved by the Ministry of Interior of Thailand. For many investors, assignment is a key …
We have previously explained that taxation on the sale of leasehold property differs significantly from freehold. In practice, this often comes as a surprise to property owners. What taxes are paid at the time of registration? When registering a leasehold assignment with the Land Department, the parties pay only 1.1% of the transaction value: For …
Using software development as an example Obtaining BOI promotion is not just about submitting an application — it is a comprehensive process of aligning a business with government requirements. Let’s break down how we would approach it. Step 1. Define the Business Category First, we would review the Eligible Activities for Promotion by Business Categories …
