Taxation Guide for Americans Expats in Thailand
The Revenue Department of the Thai Ministry of Finance handles the Taxation policies and framework in Thailand. Foreigners living and working in the country must file taxes both in Thailand and in their home countries. Although Thailand’s Tax Structure resembles that of the United States a bit, but, you should familiarize yourself with the essentials […]
PND 51 in Thailand: Half Yearly Tax Filing
It will soon be time to file your company’s semi-annual tax return (HALF YEAR REPORT) or Por Ngor Dor 51 (PND 51) in Thailand. If your business formation was in 2023 or before, and you choose the December 31 accounting period, your semiannual return is due on Wednesday, August 31, 2023. You will be liable […]
Incentives for Investments in Local Startups in Thailand
Thailand is providing tax incentives for investments in 12 different industries. This article intends to provide you with all the details that you must know before investing in local startups in Thailand. The information comprises the eligibility requirements, targeted industries, and tax incentives. The Thai cabinet granted Income Tax exemptions for investments in Thai startups, […]
Are you Liable to Pay Tax in Thailand?
Irrespective of whether you are a Thai or Foreign national, if you are earning in Thailand, you are liable to pay tax in Thailand. Obviously there are few exceptions and exemptions that you must know. This article aims to provide you with all that crucial information. Who is Liable? Individuals earning money from sources in […]
Half Yearly Tax Filing in Thailand
Companies subject to Corporate Income Tax (CIT) on net earnings must make tax prepayment. This prepayment is in the form of a half-year report in addition to the annual tax payment. This is applicable for businesses who are not making any profits. Read through this article to know more about the Half Yearly Tax Filing […]
Tax Filing Deadlines in Thailand in May 2022
If you are doing business in Thailand, paying taxes on time is one of the most important statutory requirements. According to the Thai Laws, governed by the Department of Business Development and Revenue Department, all types of taxes in Thailand need to be filed in a pre-declared frequency round the year. This article intends to […]
Personal Income Tax in Thailand on Rental Properties
For rental properties in Thailand, foreign investors can hold the property in their own name or through an offshore company. Moreover, the preferable ownership structure will necessitate a thorough examination of the associated costs and benefits. Additionally, it takes into consideration the owner’s special circumstances. However, the foreign leaseholder will fall in the bracket of […]
Specific Business Tax in Thailand: Complete Guide
The goal of this guide is to emphasize the major principles of Special Business Tax in Thailand. Note that, this type of Tax was enacted in 1992 and is levied on specific categories of businesses. However, let us know more about Specific Business Tax in Thailand. What is Specific Business Tax in Thailand? Specific Business […]
Property Taxes in Thailand: No Change in 2022
Are you a Property Owner in Thailand? Or are you planning to Purchase a Property in Thailand? In any or both the cases, you must have an apt knowledge about the recent protocols on Property Taxes in Thailand. According to Finance Minister Arkhom Termpittayapaisith, the land and building tax is still granting a payment discount […]
Tax Incentives in Thailand based on Business Location
If you are doing business in Thailand, your business may be eligible for various types of Tax Incentives. You should also know about the tax incentives in Thailand, even if you are thinking of Business Registration in Thailand. This article intends to summarize the tax incentives in Thailand on the basis of location of your […]
