Tax Law in Thailand
Option for Buying Land or Property in Phuket When buying a property, finding and doing due diligence on the property, signing the contract, and transferring ownership of the asset, which way to go when an option is possible? Buy land or buy shares in the Thai LLC? Go to the Land Department or go to [...]
The amendment Act No. 53 (2021) of the Revenue Code has effects on non-resident electronic services; the details are below: 1: What Does Electronic Service Mean? Electronic service refers to services, including incorporeal property, that are delivered over the Internet or any other electronic network and whose nature renders their service essentially automated and [...]
In this article, we’re going to equip you with a short and easy explanation regarding how Inheritance Tax works in Thailand. Who is a taxpayer, tax rate, when to pay and penalty. Firstly, in B.E. 2476 (1933) Thailand had the first Inheritance Tax Act. But it was cancelled 11 years later because the amount [...]
The Building and Land Tax Act B.E. 2562 came into effect on January 1, 2020, in lieu of the House and Building Tax Act B.E. 2475 and the Local Development Tax Act B.E. 2508 to stimulate the use of land and buildings. It is a good idea to know how it works. Who is [...]