Best Tax Lawyers in Surat Thani

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Fairfax Law Firm Company Limited

Fairfax Law Firm Company Limited

Surat Thani, Thailand

Founded in 2020
5 people in their team
About Fairfax Law FirmHere's a little information about Fairfax Law Firm. We are based in Koh Phangan, Thailand and are a team of licensed lawyers,...
English
Thai
Samui Law Firm Co Ltd

Samui Law Firm Co Ltd

Surat Thani, Thailand

Founded in 2014
5 people in their team
Clarity and understanding should be the cornerstone of any business however, we know that Koh Samui draws the attention of all sides of our society...
English
Thai

Thailand Tax Legal Questions answered by Lawyers

Browse our 2 legal questions about Tax in Thailand and the lawyer answers, or ask your own questions for free.

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.
Am I required to pay income taxes in Thailand when holding a Thai Elite Visa?
Tax
Thai Elite Visa holders do not need to pay income taxes if the income comes from abroad; the Thai Elite visa comes under the same category as special tourist visas. There are circumstances where a Thai Elite Visa holder may wish to pay income tax in Thailand voluntarily; however, this will not entitle you to receive social security benefits like government health insurance.

About Tax Law in Surat Thani, Thailand

In Surat Thani, Thailand, as in the rest of the country, taxation falls under the jurisdiction of the Thai Revenue Department. This body is responsible for collecting various types of taxes including personal and corporate income tax, value added tax (VAT), specific business tax (SBT), and stamp duty. Being a popular tourist destination, Surat Thani also collects taxes related to properties, tourism, and hospitality businesses. Thailand operates on a territorial tax system, which means only income sourced within the country is taxable.

Why You May Need a Lawyer

As tax laws can be complex and frequently updated, it may be difficult to confidently navigate the tax system without professional advice. Businesses dealing with VAT, SBT, or corporate income tax may need legal advice to ensure correct understanding and application of the laws. Additionally, individuals facing issues with personal income tax filing, tax disputes, or inquiries from local tax authorities may require assistance from a tax lawyer. A qualified lawyer can also help businesses avail tax benefits, handle tax audits, and represent them in any litigation with the Revenue Department.

Local Laws Overview

The key aspects of tax laws in Surat Thani revolve around income tax, VAT, SBT, and stamp duty. Individual taxpayers are subjected to a progressive tax rate up to 35%. Corporation tax is charged at 20%, with a reduced rate for small and medium-sized enterprises. VAT in Thailand is currently set at 7%. It's noteworthy that certain goods and services, linked to agriculture, healthcare, and education are VAT exempt. SBT is levied on certain types of businesses not subject to VAT and stamp duty is applicable on particular documents and transactions.

Frequently Asked Questions

1. Does everyone need to file taxes in Surat Thani, Thailand?Everyone earning an income in Thailand is required to file a tax return irrespective of their resident status.

2. When is the tax payment deadline in Surat Thani, Thailand?Taxpayers must pay their taxes and submit the tax return form to the Revenue Department by the last day of March following the taxable year.

3. How can businesses avail tax exemptions or benefits?Complex procedures and requirement criteria apply for availing tax exemptions or benefits, and a qualified lawyer can assist with this.

4. What happens in case of tax evasion?Tax evasion can attract severe penalties, including fines, imprisonment, and additional tax payment.

5. Can foreigners own property in Surat Thani, Thailand?While foreigners generally cannot own land in Thailand, they can own buildings, condominium units, or become long-term leaseholders.

Additional Resources

The official website of the Thai Revenue Department provides comprehensive information on tax laws and regulations. You may also contact the local Revenue Office for region-specific tax inquiries. It could be beneficial to involve a local tax consulting agency or law firm for specific tax-related challenges or advice.

Next Steps

If you need legal assistance with tax-related matters in Surat Thani, look for a qualified tax lawyer or a law firm with a good understanding of local taxation laws. Carry all relevant tax documents for your consultation, and it's best to discuss all your tax-related problems in detail to get appropriate advice. Remember, timeliness is key in tax matters, so don't delay seeking legal advice if needed.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.