Jump to content

Recommended Posts

Posted

Hello All

 

I'm buying a house in my Thai wife's name from a foreign-owned company. 

How does the seller/company demonstrate that they are not withholding tax? (see below)

Do they need to get the equivalent of the 91 tax certificate - the land office (in Sattahip) seemed uninterested in this as a requirement

 

Kind Regards LLimage.png.d8307e7f630532ff3e2d196b364bbc20.png

Posted

Why are you worried about the sellers tax liability ? Its not anything to do with you. So long as they are not trying to get you to pay it.

If you were buying the actual company then its relevant, otherwise, they may owe millions in tax or nothing in tax, its between them and the land/tax office. 

The land office has a formula to work out the amount of tax (years owned, nominal tax rate etc). The sale is treated as income and taxed accordingly, its not a matter of proving tax is not being withheld, its a tax bill collected by the land office.

If the company has a liability to be paid at the land office, and they dont pay it, the sale wont go through.

 

  • Thanks 1

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...