Can property purchased on the secondary market be used?Yes. Both primary property from a developer and a condominium purchased from an individual are acceptable. Can multiple properties be used?Yes, for example, two units worth 2 million THB each.However, it is important that the properties are located within the same condominium. Is a villa (house + …
Visa for Property Owners Worth from 3 Million THB: FAQ Read More »
Thailand offers the possibility of obtaining a visa based on property ownership. Let’s review the conditions, requirements, and key aspects of the process. Who Can Apply The applicant must own real estate: Mandatory requirements: Conditions for Application Process: Required Documents Property documents: Additional: Visas for Family Members It is possible to obtain visas for: Conclusion …
Visa for Property Owners Worth from 3 Million THB Read More »
When purchasing property from a developer, contracts often include the following clause:“In the event of the buyer’s death prior to the registration of ownership, the developer shall transfer the contractual rights to their heir ______.” At first glance, this may seem like a convenient solution. However, in practice, such a clause does not protect the …
An update for Thai tax residents (both foreigners and Thai nationals who stayed in the country for 180+ days per year), as well as for anyone dealing with fund transfers. 1. Money Transfers to Thailand — Rules Remain If you are a Thai tax resident: Exception:Income exempt under double taxation agreements. 2. What Counts as …
Personal Income Tax, Bank Accounts, and Money Transfers: How Last Year Ended Read More »
Year-end is the time for profit calculation and bonus payments.For employees, this is additional income; for companies, it is a tool to reduce taxable profit. Let’s review an example. Initial Data Employee salary: 35,000 THB per monthAnnual income: 420,000 THB Applied deductions: Taxable income:420,000 − 100,000 − 60,000 = 260,000 THB Annual personal income tax: …
Your tax status can only be determined at the end of the year — on December 31 — by counting the number of days spent in Thailand. ➕ Resident — 180 days or more➖ Non-resident — 179 days or less The status does not depend on the type of visa — only on the actual …
We review frequently asked questions about tax residency and filing tax returns in Thailand. Can I become a Thai tax resident if I stayed in the country for less than 180 days? No. A tax resident is defined as a person who has stayed in Thailand for 180 days or more within a calendar year. …
A common misconception is that if an assignment agreement is not registered with government authorities, then no taxes apply. Let’s look at how this works in practice. Why the “Tax-Free Assignment” Illusion Arises An assignment agreement: This often leads to the incorrect conclusion:that the tax authorities will not become aware of the transaction. Key Point …
Assignment During Construction Is Not Taxed. Or Is It? Read More »
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. …
