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stuurman

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  1. 30 year lease payed upfront and income tax

    stuurman posted a topic in Real Estate, Housing, House and Land Ownership
    If the whole lease amount for a 30-year lease of land and house is paid in the first year to a Thai national, are they required to pay income tax on the whole amount that year? Or can they split and file it every year for the next 30 years? I found this article which suggest they can advance file for every year separate, but has to be done in the year they receive the payment. https://sherrings.com/advance-rent-personal-income-tax-thailand.html?fbclid=IwAR0VprrsyhfsBtTOF8UkvZzhvD8CL4ANsVDLz84H-JqbsnASf_7nlIdzFTI Any members with experience on the subject? Thanks.

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