September 3, 201312 yr All, Close to selling my condo here in Bangkok and am curious if anyone has any applicable experience(s) regarding "Withholding Tax / Personal Income Tax" paid to the Land Department. This is a personal (non-corporate) condo sale and the estimated tax is roughly 800k THB. Is it possible to take a credit for this tax paid against my regular Thai income (hold a WP from a Thai company) thereby lowering my tax base and providing a rebate of sorts for this tax paid to the Land Dept? Many sites talk of the tax calculation at the Land Dept but I have yet to find any comment other than this from the Forum: Once the transaction has been completed an individual seller will have the choice either to consider the withholding tax he/she has paid at the land department as his/her final tax payment on the condominium sale or to integrate the income resulting from the sale in its personal income tax and apply the withholding tax credit against its tax. Thanks!
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