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Thailand Tax Legal Questions answered by Lawyers
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- I am Swiss National received Social Securety from the USA year 2024 make arround 750.000Bath year . I single , leave in Rented Apartment 13 Years the moment.
- If you are receiving U.S. Social Security benefits while living abroad, here are key points to consider regarding taxes and residency:U.S. Taxes – As a U.S. income recipient, you may still owe U.S. taxes on your Social Security payments, depending on total income.Thailand Taxes – Thailand generally does not tax foreign income if it is not remitted in the same year you earn it.Residency Status – If you’ve lived in Thailand for 13 years, you may qualify for long-term residency options or consider applying for the Thailand Elite Visa for easier stay extensions.Tax Treaties – Check if there’s a tax treaty between Switzerland and the U.S. to avoid double taxation.
- Retired living on social security income in Chiang mai
- Orders Nos. Por. 161 and Por. 162 of the Revenue Department, issued under Section 41, Paragraph 2 of the Revenue Code, stipulate that individuals required to pay tax based on overseas income are defined as follows:An individual who earns income from overseas starting from January 1, 2024, and resides in Thailand for at least 180 days within the tax year; andAn individual who earns income and transfers such income into Thailand within the same fiscal tax year or subsequently.Result: If this is the case, the income transferred into Thailand will be subject to personal income tax in Thailand in the year the transfer occurs.Should you need more clarification, please feel free to contact us at [email protected]
- about the new tax law for foreigners
- It is important to note that in Thailand, individuals who are considered tax residents (i.e., those who have resided in Thailand for 180 days or more) are eligible to receive a tax credit for the amount of tax already paid overseas. This is made possible through the Double Taxation Treaty that Thailand has entered into with other countries. As such, double taxation does not apply to tax residents in Thailand. For more information, please contact our firm at [email protected]. Thanks.
About Tax Law in Krabi, Thailand:
Tax law in Krabi, Thailand, governs the collection of taxes from individuals and businesses to fund public services and infrastructure. The Thai Revenue Department is responsible for enforcing tax laws and regulations in Krabi.
Why You May Need a Lawyer:
There are various situations where you may need a lawyer to assist you with tax issues in Krabi. Common reasons include tax audits, disputes with the tax authorities, tax planning, filing taxes for expatriates, and ensuring compliance with local tax laws.
Local Laws Overview:
In Krabi, Thailand, individuals and businesses are required to pay taxes on income, property, and goods and services. The key taxes imposed in Krabi include personal income tax, corporate income tax, value-added tax (VAT), specific business tax, and property tax.
Frequently Asked Questions:
1. What is the personal income tax rate in Krabi?
The personal income tax rate in Krabi ranges from 5% to 35%, depending on the income level.
2. How do I file my taxes as an expatriate in Krabi?
Expatriates in Krabi must file their taxes with the Thai Revenue Department using the prescribed forms and procedures for non-resident taxpayers.
3. Are there any tax incentives for businesses in Krabi?
Yes, there are tax incentives for businesses in Krabi, such as investment promotion privileges and reduced corporate income tax rates for certain industries.
4. Can I appeal a tax assessment in Krabi?
Yes, taxpayers in Krabi have the right to appeal a tax assessment within a specified period and following the procedures set out by the Thai Revenue Department.
5. How often do I need to file and pay taxes in Krabi?
Taxpayers in Krabi are required to file and pay taxes on a regular basis, depending on the type of tax and the taxpayer's income level.
6. Are there penalties for late payment of taxes in Krabi?
Yes, there are penalties for late payment of taxes in Krabi, including fines, interest, and potential legal actions by the tax authorities.
7. Can I deduct expenses from my taxable income in Krabi?
Yes, certain expenses are deductible from taxable income in Krabi, subject to specific conditions and limitations set by the tax laws.
8. What is the process for getting a tax refund in Krabi?
To request a tax refund in Krabi, taxpayers must submit a refund application to the Thai Revenue Department along with supporting documents and evidence of overpaid taxes.
9. Are there any tax treaties that Krabi has with other countries?
Yes, Krabi has tax treaties with several countries to prevent double taxation and promote international cooperation on tax matters.
10. How can I avoid tax evasion in Krabi?
To avoid tax evasion in Krabi, taxpayers should comply with tax laws, keep accurate records of their income and expenses, and seek professional advice when in doubt about their tax obligations.
Additional Resources:
For additional resources and information on tax laws in Krabi, Thailand, you can visit the Thai Revenue Department website or consult a local tax lawyer for personalized advice.
Next Steps:
If you require legal assistance with tax issues in Krabi, Thailand, it is advisable to consult a qualified tax lawyer who can provide guidance and representation in dealing with the Thai tax authorities and ensuring compliance with local tax laws.
Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.