If You receive income in Thailand from various sources — salary, rental income, bonuses, dividends, or loan interest — it is important to approach taxation matters carefully.
Determine Your tax status
The first step is to determine whether You are a tax resident of Thailand. This affects the applicable tax rules and rates. A tax resident is defined as a person who stays in Thailand for at least 180 days per year.
Tax rates and agreements
Residents are subject to progressive tax rates depending on the amount and type of income. In addition, You may benefit from international double taxation agreements, for example, between Thailand and Russia.
What income is considered?
A tax resident must declare all income, including foreign income, if it is remitted to a bank account in Thailand. Some types of income may be exempt from taxation, while others are included in the tax base.
Progressive tax scale
The higher Your total income, the higher the tax rate applied to additional income.
How can we help?
InvestEast specialists will help determine Your tax status, calculate Your tax burden, and develop an optimal tax plan taking into account all Your income sources.
Contact us for consultation and effective tax planning: +66 87 348 5703.