You need an expert, then. It is always wise to trust and rely upon a professional tax lawyer in Thailand. Taxation is a pretty tough process if you are not knowing the process in details. For tax filing in Thailand, you must be aware of the regulations and audit compliance procedures.
- In order to calculate and file your income tax, you will need to submit the following documents:
- Passport
- Work Permit
- Tax ID card
- Previous Year Personal income Tax Filing (if you were working in Thailand last year)
- Current Year’s Withholding Tax Slip
- Additional information on your personal profile:
- What is your marital status? If married, please provide clarification and document on:
- Does your spouse work in Thailand?
- Do you have any children (if yes how many)? Are they residing and/or attending schools in Thailand?
- Do you have any other deductions? E.g. you bought LTF, RMF, etc. If yes, please provide a supporting document(s).
Who must file income tax in Thailand?
- Incomes that are usually assessable come under personal income tax. This includes non-cash payments like accommodation and the use of the car.
- Incomes from dividends, income from a business, income from rental agreements, income from construction work, and income from employment.
- If your earning is not more than 150,000 Baht, in that case you can be exempted from income tax. But anything more than 150,000 Baht and lesser than 500,000 Baht is generally taxed at 10%
It is always wise to trust and rely upon a Thai lawyer or taxation firm for your income tax filing in Thailand. To find out more about tax filing in Thailand, write to us at [email protected]
