Tax Services in Thailand – Comprehensive Tax Solutions
Tax Services by Thai Visa Legal
Thai Visa Legal provides comprehensive tax services for both individuals and businesses in Thailand. Our team of tax experts has in-depth knowledge of the Thai tax system. We are committed to helping our clients comply with tax requirements while efficiently planning their taxes to achieve maximum financial benefits.
Our Services
1. Personal Income Tax Preparation and Filing
Personal income tax filing in Thailand can be complex, especially for those with multiple income sources or foreigners working in Thailand. We provide comprehensive services to ensure your tax filing is accurate and timely.
Our Services:
Tax Calculation – Calculate your tax liability accurately according to Thai tax laws
Document Preparation – Gather and prepare all necessary documents
Tax Form Completion – Complete various tax forms such as P.N.D. 90, P.N.D. 91
Tax Filing – Submit tax forms both online and at Revenue Department offices
Tax Payment – Provide advice on tax payment methods
Status Tracking – Monitor the status of tax filings and refunds
Types of Personal Taxes We Handle:
Personal income tax (salary, wages, bonuses)
Tax from self-employment
Investment tax (interest, dividends, capital gains from stock sales)
Property sale tax
Foreign-sourced income tax
Tax for foreign employees working in Thailand
Asset and liability reporting (if required)
2. Corporate Tax Preparation and Filing
Managing corporate taxes is an essential part of doing business in Thailand. Complying with tax requirements not only helps avoid legal penalties but also maintains your business reputation and credibility.
Our Services:
Financial Statement Preparation – Prepare accurate financial statements according to Thai accounting standards
Corporate Tax Calculation – Calculate both annual and mid-year corporate income tax
Tax Form Completion – Complete various tax forms such as P.N.D. 50, P.N.D. 51
Tax Filing – Submit tax forms on time
Value Added Tax (VAT) Management – Calculate and file monthly VAT returns (P.P. 30)
Withholding Tax Management – Calculate and file withholding tax returns (P.N.D. 1, P.N.D. 3, P.N.D. 53, P.N.D. 54)
Tax Report Preparation – Prepare various tax reports as required by law
Liaison with Revenue Department – Act as a representative in dealing with the Revenue Department
Types of Corporate Taxes We Handle:
Corporate income tax
Value Added Tax (VAT)
Withholding tax
Specific Business Tax
Signboard Tax
Property and Land Tax
Stamp Duty
Customs Duty (for import-export companies)
3. Tax Planning Services
Effective tax planning can legally reduce your tax burden. We provide tax planning consultation to help you manage your taxes appropriately and with maximum efficiency.
Our Tax Planning Services:
Personal Tax Planning – Advice on managing income, investments, and utilizing tax benefits
Business Tax Planning – Advice on business structure, revenue and expense management, and utilizing tax benefits
International Tax Planning – Advice on tax management for individuals and businesses involved in multiple countries
Estate Tax Planning – Advice on planning asset transfer and inheritance tax management
Tax Benefit Analysis – Analyze and advise on various tax benefits
Tax Risk Prevention – Identify and manage potential tax risks
Tax Planning Strategies We Offer:
Utilizing tax-deductible expenses
Selecting appropriate business structures
Managing salaries and bonuses efficiently
Planning investments for tax benefits
Utilizing double taxation treaty benefits
Utilizing investment promotion (BOI) benefits
Planning dividend payments and retained earnings
Managing intellectual property for tax benefits
4. Tax Refund Services
Tax refund processes can be complex and time-consuming, but with expert assistance, you can receive your tax refunds faster and more completely. We provide comprehensive services for tax refunds for both individuals and businesses.
Our Tax Refund Services:
Tax Refund Eligibility Analysis – Examine and identify opportunities for tax refunds
Document Preparation – Gather and prepare all necessary documents
Tax Refund Application – Process tax refund applications
Status Tracking – Monitor the progress of tax refund applications
Liaison with Revenue Department – Act as a representative in dealing with the Revenue Department
Problem Solving – Resolve issues that may arise during the tax refund process
Types of Tax Refunds We Handle:
Personal income tax refunds
Corporate income tax refunds
Value Added Tax (VAT) refunds
VAT refunds for tourists
Import-export tax refunds
International double taxation refunds
5. Tax Consultation Services for Foreigners
Foreigners living or working in Thailand often face specific tax challenges. We provide specialized consultation to help foreigners comply with Thai tax requirements while benefiting from double taxation treaties and other benefits.
Our Consultation Services:
Tax Status Assessment – Analyze residency status to determine tax liability in Thailand
Double Taxation Treaty Consultation – Advise on utilizing double taxation treaty benefits
Foreign Income Consultation – Advise on managing taxes for foreign-sourced income
Tax Planning for Foreign Employees – Plan taxes for salary packages and benefits
Relocation Consultation – Advise on tax implications of moving into or out of Thailand
Investment in Thailand Consultation – Advise on taxes for investments in Thailand
Tax Issues for Foreigners We Address:
Determining tax residency status
Utilizing double taxation treaty benefits
Worldwide income vs. Thailand-sourced income taxation
Reporting foreign assets and accounts
Taxes for freelancers and digital nomads
Obtaining Tax ID Number
FATCA reporting requirements (for US nationals)
Tax Laws and Deadlines in Thailand
To properly comply with Thai tax laws, it’s important to know key deadlines and requirements.
Important Deadlines:
Personal Income Tax:
Annual tax filing (P.N.D. 90, 91): January 1 – March 31 of the following year
Mid-year tax filing (P.N.D. 94): July 1 – September 30 of the same year (for certain business operators)
Corporate Income Tax:
Annual tax filing (P.N.D. 50): Within 150 days from the end of the accounting period
Mid-year tax filing (P.N.D. 51): Within 2 months from the end of the first 6 months
Value Added Tax (VAT):
Filing P.P. 30: By the 15th of the following month
Withholding Tax:
Filing P.N.D. 1 (for employee salaries): By the 7th of the following month
Filing P.N.D. 3, 53 (for other payments): By the 7th of the following month
Tax Rates in Thailand:
Personal Income Tax: Progressive rates 0-35% Corporate Income Tax: Standard rate 20% Value Added Tax (VAT): Standard rate 7% Specific Business Tax: Rates 2.5-3% (depending on business type) Withholding Tax: Rates 1-15% (depending on income type)
Why Choose Thai Visa Legal
Expertise – Our team specializes in Thai tax law and tax planning for both Thai and foreign nationals
Comprehensive Service – We provide complete tax services, from planning and filing to problem-solving
Understanding Foreigners’ Needs – We have special understanding of the tax needs and challenges of foreigners in Thailand
Regular Updates – We continuously monitor changes in tax laws and policies
Professionalism – We adhere to the highest standards of professionalism and ethics
Clear Communication – We communicate complex information in easy-to-understand language
Problem Solving – We excel at solving complex tax issues
Frequently Asked Questions
Q: Do foreigners living in Thailand have to pay tax on worldwide income?
A: It depends on residency status. If you stay in Thailand for 180 days or more in any tax year, you are considered a Thai tax resident and may be subject to tax on worldwide income. However, there are exemptions for foreign income not brought into Thailand in the year it was earned, and double taxation treaties may provide additional protection.
Q: How are foreign companies doing business in Thailand taxed?
A: Foreign companies operating in Thailand may be subject to various taxes depending on their business structure. If a company is established in Thailand, it will be subject to corporate income tax at a rate of 20% on net profits. Additionally, there may be Value Added Tax (VAT), withholding tax, and other taxes depending on the nature of the business.
Q: How are digital nomads and remote workers in Thailand taxed?
A: Digital nomads and remote workers must consider their tax residency status. If staying in Thailand for more than 180 days per year, they may be considered Thai tax residents and subject to Thai tax laws. Key factors are the source of income, recipient, and relevant double taxation treaties. Proper tax planning is essential for this group.
Q: Do tax filings in Thailand need to be in Thai language only?
A: Yes, Thai Revenue Department tax forms are in Thai, and information must be filled in Thai language. However, some supporting documents may be accepted in English but may require Thai translation in some cases. This is one reason why tax experts who can communicate in both languages are important.
Q: Does Thailand have double taxation treaties with any countries?
A: Thailand has double taxation treaties with more than 60 countries worldwide, including the United States, United Kingdom, Australia, China, Japan, and most European Union countries. These treaties help prevent double taxation and may provide other tax benefits, which vary by treaty.
Contact Us
For more information or to schedule a consultation about our tax services, please contact Thai Visa Legal:
Phone: 080-765-6400
Email: info@thaivisalegal.com
Website: www.thaivisalegal.com
Office: 83 Sukhumvit 93, Bangchak, Prakanong, Bangkok 10260 Thailand
Our tax expert team is ready to provide consultation and assistance.