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The PK PLUS LAW Office
Lat Krabang, Thailand

English
The PK Plus Law Office, founded by Attorney Prim Kongkaew, is a fully licensed and certified law firm based in Bangkok, Thailand. The firm specializes in civil law, family law, and property law, offering comprehensive legal services to both local and international clients. With a team of highly...
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Thailand Tax Legal Questions answered by Lawyers

Browse our 4 legal questions about Tax in Thailand and the lawyer answers, or ask your own questions for free.

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.
Tax
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
Tax
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
Tax
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 Lat Krabang, Thailand

Lat Krabang, one of the fifty districts of Bangkok, follows the Thailand Revenue Code and other relevant tax statutes for individuals and businesses operating within its boundaries. The tax regulatory framework in Lat Krabang is enforced by the Thai Revenue Department and local administrative authorities. Tax obligations include personal income tax, corporate income tax, value added tax, specific business tax, and other levies applicable to both Thai nationals and foreigners. Due to Lat Krabang's industrial and economic activities, such as manufacturing zones and logistics, tax compliance is especially critical for residents, entrepreneurs, investors, and expatriates.

Why You May Need a Lawyer

Tax law can be complex and regularly updated. Many find themselves in situations where professional legal advice is crucial, such as:

  • Starting or registering a business in Lat Krabang
  • Navigating personal or corporate tax filings
  • Facing tax audits or investigations by authorities
  • Handling disputes or appeals related to tax assessments
  • Understanding double taxation issues for expatriates or international transactions
  • Needing guidance on value added tax or specific business tax
  • Preparing for or responding to changes in tax law affecting investments or real estate
  • Ensuring compliance with local and national tax regulations

Lawyers specializing in tax law can clarify complex rules, represent you before the authorities, help with documentation, and work to resolve disputes efficiently.

Local Laws Overview

The legal environment in Lat Krabang regarding tax is shaped by several key statutes enforced both nationally and locally:

  • The Revenue Code is the primary legal text governing income tax, value added tax, specific business tax, and stamp duty.
  • Personal income tax applies to residents and non-residents deriving income from sources in Thailand.
  • Corporate income tax affects companies registered in Lat Krabang, and foreign companies with local branches.
  • Value added tax is typically set at seven percent and applies to most goods and services, with certain exemptions.
  • Various incentives and deductions are available for those operating in designated industrial zones or provided for under the Board of Investment.
  • Local government sometimes enforces specific fees or taxes, particularly relating to land or commercial premises.
  • Strict penalties are imposed for late filing, non-disclosure, or fraud.

It is important to note that tax compliance obligations may differ according to business type, residency status, and the nature of income.

Frequently Asked Questions

What taxes am I required to pay if I live or operate a business in Lat Krabang?

You may be required to pay personal or corporate income taxes, value added tax, specific business tax, stamp duties, and possibly certain local taxes depending on your activities and legal status.

How do I know if I am considered a tax resident in Thailand?

You are typically a tax resident if you reside in Thailand for 180 days or more within any calendar year.

What happens if I file my tax return late in Lat Krabang?

Late filing may result in fines, surcharges, and in some cases, legal action by the Revenue Department. Timely compliance is strongly advised.

Is value added tax compulsory for all businesses in Lat Krabang?

Most businesses with annual revenue exceeding 1.8 million Thai baht are required to register for and collect value added tax, unless specifically exempted.

Are there any special tax incentives for factories or exporters in Lat Krabang?

Yes, businesses located in industrial estates or promoted by the Board of Investment may qualify for tax incentives, exemptions, or reductions on income and import-export duties.

How are international transactions taxed for businesses in Lat Krabang?

International transactions are subject to transfer pricing rules, withholding taxes, and may be impacted by double taxation agreements Thailand has with other countries.

What should I do if I receive a notice of tax audit or investigation?

You should consult a qualified tax lawyer or accountant immediately to review the notice and prepare appropriate documentation before responding to the authorities.

Can foreigners own businesses in Lat Krabang, and what are their tax obligations?

Foreigners can own businesses subject to certain restrictions. They must comply with the same tax registration, filing, and payment requirements as Thai nationals.

How do I appeal a tax assessment in Lat Krabang?

You may file an appeal with the Revenue Department's Appeal Commission within 30 days of receiving the assessment, or seek judicial review if necessary. Legal representation is recommended.

Where can I find official forms and tax guidance in Lat Krabang?

Most tax forms and guidance can be obtained from the local branch of the Revenue Department or their official website. Alternatively, tax lawyers and accountants can assist in procuring and completing necessary documentation.

Additional Resources

If you are seeking information or assistance related to tax in Lat Krabang, consider these resources:

  • The Revenue Department of Thailand - for official tax codes, forms, and guidelines.
  • Bangkok Metropolitan Administration - for local tax issues and regulations.
  • Board of Investment (BOI) - for investment incentives and support for companies.
  • Thai Chamber of Commerce - for business network support and tax seminars.
  • Local licensed law firms experienced in Thai tax law.

Next Steps

If you need tax legal assistance in Lat Krabang, start by gathering all relevant financial documents, tax returns, and any correspondence from authorities. Consider consulting a qualified tax lawyer or accountant who is familiar with the Lat Krabang and greater Bangkok legal environment. Arrange for an initial consultation to discuss your particular situation and ensure you understand your obligations and rights. Timely professional guidance will help you avoid penalties, resolve disputes, and ensure your tax affairs are in full compliance with all relevant laws.

Lawzana helps you find the best lawyers and law firms in Lat Krabang through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Tax, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Lat Krabang, Thailand - quickly, securely, and without unnecessary hassle.

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.