Best Tax Lawyers in Suan Luang

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Bangkok Business Lawyer
Suan Luang, Thailand

English
Bangkok Business Lawyer is a distinguished law firm in Thailand, specializing in business and corporate law, complemented by comprehensive business and marketing consulting services. The firm offers a one-stop solution tailored to the needs of entrepreneurs and enterprises operating within the Thai...
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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 Suan Luang, Thailand

Tax law in Suan Luang, a district of Bangkok, is governed by specific regulations that fall under Thailand's national tax framework. Residents and businesses in Suan Luang are subject to the same tax rules as the rest of the country, including personal income tax, corporate income tax, value added tax (VAT), property tax, and other local levies. The Revenue Department of Thailand, along with local administrative offices, oversees the administration, collection, and enforcement of tax obligations. Complying with tax laws is essential to avoid penalties, fines, and legal complications.

Why You May Need a Lawyer

Tax matters can quickly become complex, especially if you are unfamiliar with Thai regulations or if your circumstances change. You may need legal help in the following situations:

  • Starting a new business and unsure of the correct tax registration process
  • Receiving a notice or audit from the Revenue Department
  • Facing disputes regarding tax assessments or penalties
  • Selling or transferring property in Suan Luang
  • Complications arising from inheritance or estate taxes
  • Needing advice on tax-efficient structures for investment or business expansion
  • Unclear about filing requirements as a foreign resident or expatriate
  • Involvement in cross-border transactions requiring knowledge of double taxation agreements
  • Restructuring or liquidation of a company
  • Handling unpaid back taxes or planning for voluntary disclosures

An experienced tax lawyer can advise on compliance, represent you during investigations or litigation, and help negotiate settlements, ensuring your rights are protected.

Local Laws Overview

Key aspects of tax law relevant to those in Suan Luang include:

  • Personal Income Tax - Residents are taxed on worldwide income, while non-residents are taxed on income derived from Thailand. Rates are progressive, depending on income brackets.
  • Corporate Income Tax - Companies registered in Thailand, including those located in Suan Luang, must file annual tax returns. The standard corporate tax rate is usually 20 percent, with exemptions or reductions for qualifying small and medium-sized enterprises.
  • Value Added Tax (VAT) - The standard VAT rate is 7 percent. Businesses with annual turnover above a threshold must register and remit VAT.
  • Specific Business Tax - Applied to certain business activities not subject to VAT, such as banking, finance, and real estate.
  • Land and Building Tax - Replaces the old house and land tax and applies to owners of land and buildings, based on assessed value.
  • Withholding Tax - Employers and payers of certain incomes must withhold tax at source and remit to the Revenue Department.
  • Tax Filing and Payment Deadlines - Individuals generally file yearly in March, while companies usually file in May for the previous year.
  • Tax Audits and Penalties - The Revenue Department has authority to audit, assess, and levy penalties for non-compliance.

Being mindful of these local nuances in Suan Luang is vital for avoiding accidental breaches or oversights.

Frequently Asked Questions

What taxes do I need to pay if I live or work in Suan Luang?

Both residents and non-residents who earn income in Thailand need to pay personal income tax. Businesses must pay corporate income tax, VAT, and possibly other taxes depending on their activities.

How do I register for tax in Suan Luang?

Individuals usually register using their Thai ID card at the local Revenue Department office. Businesses register as part of company incorporation and may be required to separately register for VAT if revenues exceed the threshold.

Do expatriates have different tax obligations?

Foreigners residing in Thailand for 180 days or more in a tax year are considered tax residents and taxed on all income from Thai and foreign sources brought into Thailand. Non-residents are only taxed on income earned within Thailand.

How are property sales taxed in Suan Luang?

Profits from selling property may be subject to personal income tax, as well as specific business tax or stamp duty in certain cases. The land and building tax is also relevant for property owners.

What are the penalties for late or incorrect tax filings?

Penalties can include fines, surcharges on unpaid tax amounts, and in cases of intentional evasion, possible criminal charges and imprisonment.

How can I appeal a tax assessment or penalty?

You can submit an appeal to the Revenue Department within the specified timeframe, usually 30 days from the assessment notice. A tax lawyer can help prepare your case for appeals or disputes.

Is tax deducted automatically from my salary in Suan Luang?

Employers are required to withhold tax from employees' salaries and remit it to the government monthly. Year-end filings reconcile total taxes paid versus owed.

When are tax returns due in Suan Luang?

Individuals must usually submit tax returns by the end of March for the previous tax year. Companies typically have until the end of May, though extensions may be available.

Can I file taxes online?

Yes, the Thai Revenue Department offers e-filing services for both individuals and businesses, making it convenient to file returns and make payments online.

What should I do if I receive a tax audit notice?

Do not ignore the notice. Gather all supporting documents and consult a tax lawyer immediately for guidance on compliance, response strategies, and representation during the audit process.

Additional Resources

If you need more information or assistance regarding tax matters in Suan Luang, these resources can help:

  • Revenue Department of Thailand - responsible for tax collection and guidance
  • Bangkok Metropolitan Administration - for local tax matters like land and building tax
  • Thai Bar Association - for finding qualified tax lawyers
  • Legal Aid Centers in Bangkok - for low-cost or free consultations
  • Chambers of Commerce in Bangkok - for business tax advice

Next Steps

If you believe you need legal advice on tax matters in Suan Luang, start by gathering all relevant financial records, correspondence from the Revenue Department, and details of your income or business activities. Consider consulting with a qualified tax lawyer who has experience in Thai tax regulations, especially those familiar with the Bangkok area. Book a consultation to discuss your situation and receive guidance on your options. You can contact reputable law firms, use recommendations from trusted local associations, or approach governmental agencies for referrals. Acting promptly ensures you remain compliant, minimize risks, and address any issues before they escalate.

Lawzana helps you find the best lawyers and law firms in Suan Luang 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 Suan Luang, 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.