Due Diligence

May 17th, 2010

When buying property in Thailand we highly recommend you use a reputable lawyer, do not under any circumstances try to go it alone as there are so many pitfalls, especially with the spoken and written Thai language interpretations. Foreigners may not own land in Thailand so legal mechanisms are used to overcome this situation and [...]

Seller Tips

May 17th, 2010

Here are some useful tips when wishing to sell your property or land:
Broker terms
Going with the broker that offers a smaller fee for a successful sale is false economy! We all have costs and how can a broker successfully market your property if he makes a very small margin? This means they are not [...]

Holiday Rental Tips

May 16th, 2010

When browsing to find the right holiday rental that suits you out of the huge choice on the internet we suggest that you follow some sensible guide lines:
1. The booking agent are they transparent and give you info on their company, if not don’t!
2. Do they have testimonials from satisfied customers?
3. Do they have Guest [...]

Corporate & Witholding Taxes

May 15th, 2010

TAX RATES
CORPORATE TAX
A Thai Company generally pays tax at 30% of Net profit. However, some types of company are entitled to a rate reduction.
•  Small business with paid up capital less than 5 million baht
20% of Net profit < 1 million baht
25% of Net profit 1-3 million baht
•  Company registered in the [...]

Personal Tax Rates

May 15th, 2010

PERSONAL INCOME TAX is applied on a graduated scale as follows;

Net Annual Income (Baht)
Tax Rate

0
150,000
0%

150,001
500,000
10%

500,001
1,000,000
20%

1,000,001
4,000,000
30%

4,000,001
over
37%

Other types of taxable income and the rate of standard deduction include:
. Interest, dividends, capital gains on the sale of securities: Forty percent but not exceeding 60,000 baht.
. Rental income: Ten percent to 30 [...]

Property Purchase Taxes

May 15th, 2010

PROPERTY PURCHASE Tax Summary: (From 1st June 2010)

Tax Type
Tax Rate

Transfer fee
2.0%

Stamp Duty
3.3%

Specific Business Tax
0.1%

Withholding Tax
1.0%

Preparing your house for sale

May 12th, 2010

Following the guidelines below will help your agent/broker sell/rent your house.

It should always be available at short notice for viewings. If inconvenient leave a key with the broker. Remember the buyer/renter has little time here and lots of other property to see so you must co-operate or potentially lose a sale or tenant!
Best not to [...]