Tax Liability If Residence

[ramiguet]

Can someone tell me if I become liable to pay tax when I buy the Thai residence?

[THAIJAMES]

Can someone tell me if I become liable to pay tax when I buy the Thai residence?

Well there are land taxes to be paid every year. However they are relatively very cheap

[KamnanT]

Can someone tell me if I become liable to pay tax when I buy the Thai residence?

Not sure if the OP meant "Does buying a Thai residence make me liable for Thai taxes such as income tax?". As with most countries, Thailand determines tax residency (distinct from the immigration concept of residency) based on a number of factors. The principal test is whether or not one is physically present in Thailand for 183 days or more during a tax year. Buying a condominium in Thailand wouldn't in and of itself make one a tax resident of Thailand.

If the purchased property was rented out, the rental income (net of expenses) would be subject to Thai income tax regardless of whether or not the recipient was a tax resident.

[Naam]

Can someone tell me if I become liable to pay tax when I buy the Thai residence?

you can't "buy" thai residence.

[KamnanT]

Can someone tell me if I become liable to pay tax when I buy the Thai residence?

you can't "buy" thai residence.

I believe what the OP meant was to purchase a place of residence, eg. buy a condo or house (albeit not the land the house occupies).

You are correct in saying that Thai Residence (ie. a Certificate of Residence) cannot be bought, although when I handed over the 193,600 baht, it sure felt like I was buying it!

[Naam]

Can someone tell me if I become liable to pay tax when I buy the Thai residence?

you can't "buy" thai residence.

I believe what the OP meant was to purchase a place of residence, eg. buy a condo or house (albeit not the land the house occupies).

You are correct in saying that Thai Residence (ie. a Certificate of Residence) cannot be bought, although when I handed over the 193,600 baht, it sure felt like I was buying it!

but besides the money you had to do a lot of homework to obtain your residence permit, true or false?

[torrenova]

Like paying taxes on an income for 3 years before being allowed to apply for it !

[KamnanT]

Can someone tell me if I become liable to pay tax when I buy the Thai residence?

you can't "buy" thai residence.

I believe what the OP meant was to purchase a place of residence, eg. buy a condo or house (albeit not the land the house occupies).

You are correct in saying that Thai Residence (ie. a Certificate of Residence) cannot be bought, although when I handed over the 193,600 baht, it sure felt like I was buying it!

but besides the money you had to do a lot of homework to obtain your residence permit, true or false?

Yes, there was a stack of paper about 3 inches high that supported the original application. CV, educational qualifications, employment details, details about employer (including their annual accounts, tax returns and proof of viability), my tax returns for the past 3 years (and, subsequently, for the year of application even though the tax return wasn't due yet), and a criminal background check from my home country. There are a number of categories under which one can apply, but the most common one is Business/Employment and that generally means three continuous years of employment with a Thai-registered company with both the company and you paying taxes in Thailand.

Edited January 31, 2008 by KamnanT

[Naam]

what about a fair knowledge of Thai Kamnan? isn't that a must?

[KamnanT]

what about a fair knowledge of Thai Kamnan? isn't that a must?

At the time the initial application is lodged (applications are accepted for a period of a week or two at the end of December each year), the Immigration Officer reviews your documents, makes out of list of defects to be rectified (missing docs, additional docs, docs to be translated) and schedules an appointment for your interview, usually in late February or early March of the next year. Your passport will also be stamped "Application for Resident Status under Consideration of the Immigration Commission. Extension of Stay permitted until ..." and a date just after your interview date.

At the interview, you do have to demonstrate a basic knowledge of spoken Thai. First you to do a set piece speech that you can prepare and rehearse in advance ("My name is .... My application number is .... I work for ....."). Then the officer selects a page of 10 multiple choice questions and proceeds to slowly read you each question and the four possible answers (in Thai, of course). The questions are written in Thai script, but you can answer "A", "B", "C" or "D". The questions relate to Thailand ("How many changwat are there in Thailand?") or to the Permanent Residence application process itself ("If you are approved for Permanent Residence, what is the fee payable for your Residence Certficate?"). They seem to be paticularly keen that you're aware of the fee.

Both parts are recorded on videotape and the tape is subsequently passed around with your application to all of the government departments that will review and approve your application. I'm sure the tapes are also used at department staff parties when they need a few laughs ("Hey, look at this farang - doesn't even know how many colours are on the Thai flag!").

[LivinLOS]

Can someone tell me if I become liable to pay tax when I buy the Thai residence?

you can't "buy" thai residence.

Thats not true if what I was offered a couple of years ago worked !!!

[astral]

Interesting that the OP has not come back to clarify his question.........

[gwynt]

Can someone tell me if I become liable to pay tax when I buy the Thai residence?

you can't "buy" thai residence.

I believe what the OP meant was to purchase a place of residence, eg. buy a condo or house (albeit not the land the house occupies).

You are correct in saying that Thai Residence (ie. a Certificate of Residence) cannot be bought, although when I handed over the 193,600 baht, it sure felt like I was buying it!

but besides the money you had to do a lot of homework to obtain your residence permit, true or false?

Yes, there was a stack of paper about 3 inches high that supported the original application. CV, educational qualifications, employment details, details about employer (including their annual accounts, tax returns and proof of viability), my tax returns for the past 3 years (and, subsequently, for the year of application even though the tax return wasn't due yet), and a criminal background check from my home country. There are a number of categories under which one can apply, but the most common one is Business/Employment and that generally means three continuous years of employment with a Thai-registered company with both the company and you paying taxes in Thailand.

Can some one tell me what is the % tax Iwould have to pay working inThai, reason for the question, I have the possibility of a project for three years in Thai and my company want to deduct taxes , as I am already married in Thai the project would then give me the possibility of applying for residency

[lopburi3]

http://www.rd.go.th/publish/6045.0.html

[gwynt]

http://www.rd.go.th/publish/6045.0.html

Thanks for the link, serious reading. I will approach an advisor next leave and see what the liablity will be once I give actual figures.