Sign me up for Global Property Guide's fortnightly email newsletter. Nonresidents are liable to tax on income derived from Thai sources. Personal income tax returns must be filed on or before 21 March in respect of taxable income received during the preceding calendar year. Nonresident taxpayers can avail of the spouse allowance and child allowances only if their spouse or children are residents of Thailand. No other allowances are extended to nonresident taxpayers.

Thailand Capital Gains Corporate Tax - SHERRINGS

The actual expenses incurred can be deducted, especially if it is higher than the standard deduction stated above, but it must be supported by documents.

This tax is then credited to the final tax liability of the taxpayer, when he files an income tax return. The capital gains can either be included in the aggregate income or taxed separately. The taxable gains earned from selling a Thai property are computed as the selling price or the market value of the property less some deductions.

The deductions are percentages of the gross amount, and these percentages depend on how long the property was held before the sale or the transfer.

The actual expenses incurred can be deducted, especially if they are higher than the standard deductions stated above, but it must be supported by documents.

The balance from the above computation will be divided by the number of years the property was held, whereby the outcome is taxed at the appropriate tax rate.

The resulting average tax liability will then be multiplied by the number of years the property was held to arrive at the final tax liability. This is a property tax levied on rented properties. It is payable annually at a flat rate of Only owner-occupied and vacant dwellings are exempt from property tax. Property taxes are deductible against income tax liability, if the property is utilized in earning rental income. Login or Register to submit a comment!

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Thailand Capital Gains Personal Income Tax - SHERRINGS

Global Property Guide research. INCOME TAX Nonresident taxpayers can avail of the spouse allowance and child allowances only if their spouse or children are residents of Thailand. The standard deductions for rental income vary according to the rental income classification: Global Property Guide The actual expenses incurred can be deducted, especially if they are higher than the standard deductions stated above, but it must be supported by documents. PROPERTY TAXATION House and Land Tax This is a property tax levied on rented properties.

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The Stock Exchange of Thailand - Rules/Regulations - Taxation - Equities

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