fuehrio

Having a story like the water damage (that I really liked) requires evidence such as a photograph, the tax officer wouldn't accept just a note in the sales contract. Given this I reluctantly accepted my fate and transferred the cars yesterday. Soon after the transfer, I received an indication that the tax office or the TRD now thinks I should pay 50,000 per car and not for both as my external accountant advise me previously when I started this post. I don't know the details yet, but it seems I just made one of my worst mistakes here and I am deep trouble....I think I need professional help and happy to accept offers in my DM. Note: I accept to pay reasonable tax but the absolute minimum that is possible with any legal trick.

1) OK, understood now about the depreciation. 2) This seems a very good way. But as I wrote in the original post, I have 2 cars, not sure this will be looked at with such a story (water damage). Also, a Thai friend told me that I should sell the car first before closing the company, instead of closing and transfer without actually paying into the company account. This way I should be able to sell the car at any price (e.g. 100,000 Baht) and there should be no additional tax when closing the company as the asset is gone. I guess I also would need to sell to a friend first and not directly to me as a shareholder. What is your opinion on this approach?

I don't use this company since 3 years, just paid the annual tax report in case I would use it again. But I am sure now I don't, so I am closing....

I did read when looking up on the internet, if selling below market value, there needs to be reason why it has been sold that cheap, e.g. hurry to close the company. I will also talk to a mechanic as you suggested - Thanks!

Many thanks for your vast advice, really appreciated! I see that in the assets file, the depreciation has been set at 20% for everything (furniture, car, equipment, etc). If I can change that to 40% for my cars that would be great. Do you know whether it's 40% or was this an assumption? Selling it below market value to a friend: Do you think I could do that by like 50% of what is the market value?

Hello, I need to close my company that I don't use anymore but now I should pay VAT 50,000 to transfer my old 2 cars to my ownership. Does anyone know a solution to avoid or reduce the tax significantly? From my research: I could sell it at a discount but if the discount is huge, it requires justification. I could maybe argue that we had to sell in a hurry? Transfer as Dividend or Shareholder Benefit. But would I need to pay any taxes on that? Donate as a gift. What are the rules in Thailand? I would be super grateful for any advice.

WeWork or Spaces

There are many Russians working in the same building as I do so I guess they have work permit like everyone else. Anyway, why don't you just ask them instead asking here?