Find your Dream Home with HinProperty.com
Find your Dream Home with HinProperty.com
Source: https://www.tilleke.com/insights/new-land-and-building-tax-act-thailand/ Thailand’s new Land and Building Tax Act B.E. 2562 (2019) (the “Act”) came into effect on March 13, 2019. Payment of land and building tax under the new Act will be required from January 1, 2020, onwards. The new Act revokes and replaces various pieces of formerly applicable legislation, including the House and…
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Siam Legal International | Thailand Revenue Code Income from Business Operations Incomes received from business operations in Thailand or overseas but brought into Thailand are subject to income tax under the new taxation law at rates ranging from 5% to 35%. On the other hand, if you receive income as a business entity, you will be subject to corporate…
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Siam Legal International | Thailand Revenue Code Section 41 of the Revenue Code This provision requires an individual to pay income taxes to the Revenue Department of Thailand under the following conditions: Thai citizens and foreigners who are permanent residents are subject to pay income tax, should they earn their annual income, at the following rates: Revenue…
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The long stay visa O-A or O-X are the only convenient Thai Visa besides the Thai Elite Visa which is a bit more expensive https://www.thaievisa.go.th/long-stay-visa and can ne applied on-line. Topic Non-Immigrant O-A Visa Non-Immigrant O-X Visa Eligibility Foreigner age of 50 and over *foreigner must have a permanent residence in a country in which…
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von Hua Hin Today, Sep 20,2023 Thailand’s crackdown on nominee shareholders has now reached Prachuap Khiri Khan and Phetchaburi with officials saying businesses located in both provinces are under investigation. In an effort to regulate the country’s business sector and curb illegal land ownership practices, Thailand’s Business Development Department continues to widen its probe into…
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by Siam Legal Thailand When we buy a property back home, one of the first things we would think of is financing. Even for those who have sufficient funding and liquidity for an acquisition, financing is often seen as a means of leveraging our investments. For buyers with less access to funding, financing is an…
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When you, as a Thai national, purchase a property in Thailand in freehold ownership, the following taxes and duties apply: Please refer to the following table for a clear summary of the taxes and duties associated with purchasing a property in freehold ownership in Thailand: Tax/Duty Rate Paid by Payment Frequency Transfer fee 2% of…
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When purchasing a property in leasehold for 30 years in Thailand, the following taxes and duties apply: Please see the following table for a clear summary of the taxes and duties associated with buying a leasehold property for 30 years in Thailand: Tax/Duty Rate Who Pays Payment Frequency Transfer Fee 2% of registered property value…
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In Thailand, daily life is regulated in the Civil and Commercial Code, which is published in 6 books: see https://hinproperty.de/thailand-civil-and-commercial-code/. HinProperty has written a series of articles to document Thai property laws and an understandable interpretation by Thai lawyers. (https://thailandlawonline.com). From our experience there are 4 main topics that expats are interested in: 1. Buying…
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Ownership of a house in Thailand can be transferred separately from the land on which it stands. Land and house may have different owners and with a long-term lease it is strongly recommended to follow the correct procedure to obtain legal ownership of the house. The transfer of a structure detached from the property must…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.