Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Tax calculation on rental income for a foreigner, tax resident (

Featured Replies

                                                            
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.                                
 

  • Author
On 12/4/2025 at 3:05 PM, Jimbolkb said:

I am on a retirement visa, but less then 60 years old

 

1. I don't think the 15% WHT applies in this case, this would be WHT paid to non tax-resident foreigners (basically like sending it overseas)
2. It would be under Section 40 (5), on the PND 90 form there is the option to choose a flat rate expense of 30% (or actual but probably don't want to go down that road)
3. Additional deductions of 60k (personal) 30-60k (non-working spouse) 25k? (health insurance if issued here)

Post personal deduction & 30% deduction = 192k
Tax with only personal deduction ~2,100b

  • Author
45 minutes ago, redinvestor said:

1. I don't think the 15% WHT applies in this case, this would be WHT paid to non tax-resident foreigners (basically like sending it overseas)
2. It would be under Section 40 (5), on the PND 90 form there is the option to choose a flat rate expense of 30% (or actual but probably don't want to go down that road)
3. Additional deductions of 60k (personal) 30-60k (non-working spouse) 25k? (health insurance if issued here)

Post personal deduction & 30% deduction = 192k
Tax with only personal deduction ~2,100b

 

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 ?

 

Forget about WHT  -  seems to only apply to a non-resident owner.

 

Also:  Rental Income in Thailand

All rental properties are subject to a House and Land Tax, which is 12.5% of the annual rental income. On top of that, the rental income is taxable, and owners will have to pay Thai income taxes on the money. Thai income taxes are calculated using a progressive scale ranging from 0-37%.

On 12/4/2025 at 4:05 PM, Jimbolkb said:

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 ?             

You're relying only on income from a Thai rental property? Good luck. Property rental has lots of horror stories, not just in Thailand.

Nothing.

 

Do you think Chinese, Taiwanese, HK, Russian "investors" pay tax? None of them pay. I am all for following the rules and paying taxes, but I would also not want to be a complete idiot.

 

BTW, I remember that brilliant advice about ratting on a landlord to a revenue department if they don't return your deposit. None of that advice works. Many reported and revenue is too lazy to follow up.

 

You are absolutely 100% safe not paying tax. I challenge one person to prove me otherwise.

 

BTW, if you want income and pay tax legally, just invest in SCB stock. Automatic 15% deduction on a 7.8% dividend yield. Much safer and less stressful..... and you can sell anytime unlike a dog crate thai condo.

  • Author
2 hours ago, Celsius said:

Nothing.

 

Do you think Chinese, Taiwanese, HK, Russian "investors" pay tax? None of them pay. I am all for following the rules and paying taxes, but I would also not want to be a complete idiot.

 

BTW, I remember that brilliant advice about ratting on a landlord to a revenue department if they don't return your deposit. None of that advice works. Many reported and revenue is too lazy to follow up.

 

You are absolutely 100% safe not paying tax. I challenge one person to prove me otherwise.

 

BTW, if you want income and pay tax legally, just invest in SCB stock. Automatic 15% deduction on a 7.8% dividend yield. Much safer and less stressful..... and you can sell anytime unlike a dog crate thai condo.

 

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

2 hours ago, Jimbolkb said:

 

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

AGREED  -  acceptable risk levels are a matter for individuals  -  hence be aware of the Pros & Cons (sic), and don't just listen to unaffected oracles before making any decisions.

 

My Tessabaan (in Rayong) has been focused on collecting House & Land taxes for the past 2 years [we live in a touristy area where such should be a significant source of revenue] 

 

7 hours ago, Celsius said:

You are absolutely 100% safe not paying tax. I challenge one person to prove me otherwise.

i am not sure if this advice is meant sarcastically or seriously … 

 

seriously, i would only give such a (stupid, short-sighted, illegal) piece of advice to my worst enemies … :smile:

  • Author

I / it will be a serious red flag (I know)

 

as my 30.000 baht per month planned gross income would come from 5 condos ...

 

you know, the shoebox kind at less then a million baht each

 

My european home country gives the same s... 1% gross on savings, as in Thailand now

 

for people that would say, leave it on a  'high interest saving account' at 5%

 

I rather have 5 million THB in 5 condos then 1.617 BTC to speculate, but that is just me

 

 

The WHT only applied if the tenant is a company and it is paid to a non resident.  A tenant renting as an individual would not be subject to WHT.  In any case, this would not apply in your case.  THB30k a month in rent will probably not be taxable as there is a personal allowance before you start paying any tax. As others have said many don't declare their rental income but obviously that is a personal risk you would be taking and governments access to info is improving.

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.