Taxation

WHAT IS THE RATE OF TAX ON INCOME FROM RENTAL PROPERTIES?
All property owners in Thailand are liable for tax on rental income, which is based on either standard personal income tax (PIT) rates for “resident” tax payers and a flat 15% PIT rate on assessable income for non-resident tax payers. A person becomes a “resident” taxpayer if he or she spends more than 180 days of any tax year in Thailand.

WHAT IS THE RATE OF CAPITAL GAINS TAX IN THAILAND FOR FOREIGN BUYERS?
There is no separate capital gains tax in Thailand. All earned income from capital gains is taxed at the same rate as regular income. The highest rate of income tax is currently 37% per annum.

IS THERE A PROPERTY TAX
The wholly owned properties are subject to a 3.3% business tax, 0.01% transfer fee, 1% (or 0.5% stamp duty); the total is approximately 4.5% of the selling price.

DO YOU HAVE TO MAKE AN ALTERNATIVE WILL?
No, it is not necessary but always advisable.