If you received income in the first half of 2025, do not forget about your obligation to file a mid-year tax return. Below is a breakdown of when filing is required, which form to use, how the tax is calculated, and what documents are needed. Reporting period and deadline Who is required to file a …
Personal Income Tax: Mid-Year Tax Filing for 2025 Read More »
Thailand is once again considering changes to the taxation of income earned abroad and remitted into the country. These changes apply only to tax residents — individuals who stay in Thailand for 180 days or more per year. Non-residents are not affected. How it worked before January 1, 2024 Conclusion:It was sufficient to delay the …
Personal Income Tax on Foreign Income: Possible Changes in 2025 Read More »
Everyone is familiar with the key difference between freehold and leasehold: the former represents ownership, while the latter is a right of use (lease). The scope of rights differs significantly — and so does taxation. Land and Building Tax (for properties valued up to 50 million THB) This difference is explained as follows: As a …
We are starting work on filing personal income tax returns for 2024. Below you will find detailed information on reporting forms, the filing process, our service fees, and potential consequences of non-compliance. Our service fees Which tax forms should be used? ✔️ If you received only salary income in 2024 and had no other income …
If during the year you, as a director or employee, received payments from clients for company services or goods into your personal account — make sure to transfer these funds to the company account before the end of the reporting year. Also remember: all amounts received in your personal account must be supported by proper …
Corporate Income Tax: What to Complete Before Year-End Read More »
We would like to highlight a unique law in Thailand which, under certain circumstances, can become a safeguard in disputes with an unfair seller, landlord, or service provider. What does the law regulate? This law protects the rights of the party in a weaker bargaining position due to differences in social status, financial standing, lack …
Unfair Contract Terms Act: When Can a Contract Be Revised? Read More »
In light of recent developments, it is important to revisit the issue of Thai shareholders. Although the events of May–June 2024 may have faded from attention, that period marked the beginning of active inspections of companies in Phuket, later extending to Samui and Phangan. Regulatory focus may now shift to Pattaya, where properties in the …
What Risks Does a Foreigner Face If a Thai Shareholder Is Nominal? Read More »
Thailand is the only country in Southeast Asia where foreigners are allowed to own real estate. This applies specifically to condominium units — a well-known fact. However, in practice, foreigners may also own a building without the land. Those planning to purchase a condominium unit in the Thai quota or a villa should carefully consider …
Property Purchase: Risks from Minimal to Maximum Read More »
What should be done?For companies whose financial year ends on December 31, now is the optimal time to: Below is a short checklist of what should be completed in the next two months. 1. Collect all Withholding Tax certificates Gather Withholding Tax (WHT) certificates from companies that paid for your services during the year. This …
If you are employed in Thailand — especially as a foreign specialist — it is important to ensure that your employment complies with current legislation. Below is a checklist to quickly verify basic compliance requirements. 1. Work Permit and Visa 2. Place of Work Business trips for work purposes are allowed. However: 3. Position and …
