Currently, it is the season for filing the mid-year personal income tax return (PND94). At this stage, approximately half of the projected annual tax is paid. At the same time, it is still possible to influence the tax burden — both upwards and downwards. Let’s review a real example from our practice involving a married …
Following our previous article about the potential extension of property holding rights under the Sap Ing Sith (SIS) model from 30 to 99 years, many have asked: what exactly is this legal structure and how does it work? What is Sap Ing Sith? Sap Ing Sith (SIS) is a form of property right introduced in …
99-Year Land Use Rights The possibility of extending the maximum property holding period from 30 to 99 years has been discussed for over a year, and initially, it seemed rather unlikely. However, at present, these plans appear increasingly realistic. First, the discussion is not about extending lease agreements, but rather about extending Sap Ing Sith …
When investing in property for passive income, it is important to assess in advance how legal such income will be. Depending on the type of property, its location, and the structure of ownership rights, a property owner may unintentionally violate a number of laws and regulations. Immigration regulations If you independently handle tenant search, check-in …
Property Rental in Thailand: Legal Framework That Is Easy to Violate Read More »
If your company’s reporting period ends at the end of the calendar year — December 31 — it is time to consider filing the mid-year financial report. If this is the first time you hear about it, most likely your auditor has been submitting zero reports in previous years without emphasizing it. However, there are …
Mid-Year Financial Statement: What You Need to Know Read More »
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 »
