Omniquestseeker Posted October 20, 2019 Share Posted October 20, 2019 Can someone please tell me if it is a requirement for foreign citizens who own residential rental real estate here in Thailand to pay income taxes on the income generated from the rentals? Link to comment Share on other sites More sharing options...
CharlieH Posted October 20, 2019 Share Posted October 20, 2019 moved to Real Estate forum Link to comment Share on other sites More sharing options...
worgeordie Posted October 20, 2019 Share Posted October 20, 2019 Yes,its 15 % regards Worgeordie Link to comment Share on other sites More sharing options...
topt Posted October 21, 2019 Share Posted October 21, 2019 On 10/20/2019 at 7:02 PM, worgeordie said: Yes,its 15 % regards Worgeordie Does that not depend on which tax bracket your income falls into? To the OP it is a requirement for Thai citizens as well but many apparently do not...... Link to comment Share on other sites More sharing options...
Gulfsailor Posted October 21, 2019 Share Posted October 21, 2019 12 minutes ago, topt said: Does that not depend on which tax bracket your income falls into? To the OP it is a requirement for Thai citizens as well but many apparently do not...... Yes, it’s a progressive tax. However, upon payment of rent a withholding tax is to be paid to the revenue department of 15%. This will be credited to the actual income tax to be paid at the end of the year. The problem is that it’s nearly impossible to get money back from the Thai RD, thus the minimum tax burden for a non tax citizen on rentals is 15%. https://www.duensingkippen.com/thailandpropertylawblog/?p=28 1 Link to comment Share on other sites More sharing options...
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