2023/08/22 in Latest news - 74
Navigating Thai Property Taxes: A Comprehensive Guide
When it comes to owning property in Thailand, understanding the taxation landscape is essential. Here's a concise breakdown of the key taxes you need to know:
Corporate Tax:
- Small businesses: 20-25%
- SET-listed companies: 25%
- Newly registered companies: 20-25%
- Banking facilities & headquarters: 10%
- Associations & foundations: 2-10%
Withholding Tax:
- Employment income: 5-37%
- Rents, prizes, services: 1-5%
- Public entertainer remuneration: 5-37%
- Advertising fees: 2%
Personal Income Tax:
- Graduated scale, 0-37%
Property Taxes:
- Transfer fee: 2%
- Stamp Duty: 0.5%
- Withholding Tax: 1% (seller)
- Business Tax: 3.3% (seller)
Land and Building Tax:
- Calculated based on assessed value
While this guide provides an overview, taxation complexities can vary. For precise advice, seek professional guidance. Owning property in Thailand can be a rewarding venture when you're well-informed.
Author:
Patrick Lusted