Jimbolkb

you do not think that one day, immigration , tax , will put 2 and 2 together, ... back taxes can go up to 10 year at 200% fine + 1.25% extra per month SCB stock tip seems interesting... how and where can I buy ? most banks or even brokers, for THAI only ... I have a savings account at KKP, which do investments, but I am not allowed to buy stock via them... THAI only, same as most of there products, except a fixed deposit savings account

thanks for your reply I am single and under 65. so is it not only 30.000 deduction? no health insurance (self insured kind of russian roulette person) 360.000 - 30% = 252.000 - 30.000 single white not married, not 65 years old = 222.000 taxable 0-150.000 free so 72.000 at 5% to come to this 3600 baht on 360.000 gross income... or 1% would be great anybody else can confirm ?

if I buy a condo, and I get 30.000 baht a month rent how much Tax will I have to pay ? I am on a retirement visa, but less then 60 years old and not getting any pension and I have no other income in Thailand. The rent would be 30.000 baht x 12 months = 360.000 baht gross rental income. For foreigners, there is a 15% withholding tax on that. I suppose as for Thai people, I can deduct 30% as costs from that rental income. That would mean 108.000 baht in deductions = which would make it 252.000 baht taxable at 15% = 37800 baht withholding tax to be paid. On that, there is personal income tax. The fun never ends, right. Late 50's, single, no pension, no other income (then the few hundred baht on my 800.000 baht for retirement visa locked in a bank) I get 30.000 baht allowance deduction as a single person right ? 252.000 net rental income – 30.000 allowance = 222.000 baht taxable For the first 0-150.000 baht = 0 owned From 150.000-300.000 : 5% tax 222.000 baht taxable income – first 150.000 baht tax free = 72.000 baht taxable at 5% = 3600 tax I already paid 15% withholding tax on the 252.000 baht or 37.800 baht. Some English tax account website claims, I can deduct the 37.800 baht I already paid from the 3.600 baht tax owned ? Meaning I would get a refund of 34.200 baht ? Is this correct or please tell me where it went wrong. Thanks for your replies and expertise.