How to be Sure that Expats Tax Return will be Done Right?
If you are looking for ways to ensure proper filing of expats tax return in Thailand, let me assume that you already know about the Thai tax return laws. Say suppose, whether you are an individual or a company in Thailand you will need to file a return within 150 days from the closing date of the accounting period. You can only get the maximum return if flawless accounting is ensured. Appointing a registered corporate or individual accountant will be of great help in that case. Well, this being just the one instance there are much more to do. Let’s have a look;
- Get Your TIN
The first step to foreigner tax return filing in Thailand is to obtain the taxpayer identification number (TIN) from the Revenue Department. To get this 10-digit number you must submit the photocopy of house registration book of taxpayer/estate administrator, court order appointing estate administrator and passport/PIN card/alien certificate.
- Run Your Eligibility Test
Should you file tax returns? Well, that’s one important question to ask. Apparently, anyone in Thailand earning more than the basic exemption limit must file tax returns.
- Hiding Your Head won’t Work
With increasing number of expats in Thailand, tax laws have become stricter. Hiding yourself in the sand won’t really help, therefore. Having said this, Thailand offers quite a lot of tax saving opportunities to expats provided returns are filed on time.
- You Got All the Documents, Right?
Make sure you have all the documents.
- Company’s certificate of incorporation
- Company’s registration documents (affidavit, MOA, and shareholders list, etc.)
- Proof of nationality, including passport
If the company is registered in the VAT system:
- Por. Por. 01 (Vat Registration)
- Por. Por. 09 (Vat Amendment)
iii. Por. Por. 20 (VAT certificate)
Monthly Accounting filing during the year
- Por.Por. 30, 36 (the recent 3 months)
- PND 1, 3, 53 (the recent 3 months)
- Social Funds filing (the recent 3 months)
- Half Yearly Report (also known as PND.51); if any
Financial records
- Sales Tax Report
- Purchase Tax Report
- Payment vouchers & Receipts
- For receiving
- For paying
iii. Withholding Tax slip(s) received from
With these things in mind, filing Thai expats tax return is likely to be smooth and accurate. Moreover, tax returns through electronic methods are there to take away half of your pain. So, relax!
