When registering a real estate transaction with the Land Department, the following taxes and fees are paid separately and at established rates: Taxes and Fees on Real Estate Transactions 1. Transfer Fee 2. Specific Business Tax 3. Stamp Duty 4. Withholding Tax If the seller is a company: If the seller is an individual: Property …
Real estate in Thailand is generally divided into three categories: condominiums, buildings, and land plots. Each has its own ownership specifics, especially for foreign nationals. Condominium A condominium is a residential complex consisting of private property (an apartment unit) and common property (green areas, swimming pools, and other shared facilities). Each unit has its own …
In Thailand, inheritance can take place either by law or on the basis of a will. A will concerning assets in Thailand must be made within the Kingdom. If a will is made abroad, it will only be valid in Thailand after legalization. A will may be made in one of the forms предусмотренных by …
Shareholder rights in a Thai company directly depend on the number of shares they hold. The discussion below refers to ordinary shares, where 1 share = 1 vote. Depending on the ownership percentage, shareholders can be условно divided into several categories. Less than 20% of shares 20–25% of shares More than 25%, up to 50% …
To understand the available property ownership options for foreigners in Thailand, it is first necessary to determine the type of real estate. Each type has its own features, legal framework, and restrictions. 1. Condominium A residential complex consisting of: Each unit is registered under a separate title deed (chanote). Foreigners are allowed to purchase condominium …
How much tax will you pay before receiving net profit from your business? Let’s calculate the maximum scenario using an example of a large company (non-SME) that is a VAT payer. VAT — 7% Many consider VAT a personal expense, but legally it is added on top of the price of goods or services. For …
Sometimes, unexpected taxes appear in a company’s financial statements at year-end. One such item may be the Special Business Tax (SBT) on loan interest. A loan agreement may be informal Even if you have not signed any loan agreements, this does not mean that such loans do not exist within the company. For example: When …
Since 2018, income derived from holding digital assets and cryptocurrency trading has been subject to taxation. In 2022, Notifications No. 380 and No. 424 clarified the reporting requirements for such income. Tax base and reporting Tax residents must include cryptocurrency income in their total taxable income and report it in their annual tax return. The …
Infrastructure in major cities of Thailand continues to develop, and urban populations are also growing. Accordingly, alongside residential real estate, investment in commercial properties is becoming increasingly relevant. A well-calculated selection of commercial real estate can generate higher income than residential property. In addition to rental income, commercial property in Thailand can also be used …
In Thailand, most agreements must be executed in simple written form with the signatures of two witnesses — except where mandatory registration with a government authority is required. However, it is important to note that certain types of agreements are subject to Stamp Duty, regardless of whether registration is required. When is Stamp Duty applied? …
Stamp Duty in Thailand: Another Tax to Keep in Mind Read More »
