Buisiness Tax

[denboy]

My Thai lady and I build a 14 room apartment complex in Maha Sarakahan some years ago as a means of support for in the event of my demise.

At present it is run amd maintained by her family in the North and as usual in Thailand we never really see the benefits only the problems.

My question is about tax. A couple of years we were requested to pay tax on the receipts/profit.

I have tried without an success to find out how the tax is assesed.

Can anyone give me a breakdown on how they calculate the tax and what is the standard rate. Also do Thailand allow tx deductables ie: maintenance etc,

Any info would be appreciated.

Cheers