Managing tax in Thailand question

[Cooperlicious]

Hello all,

I'm expecting a large payout from my company this month and assume I will be over-taxed for this as it's all coming in a lump sum payment.

Do I have the right to request that my company not withhold my tax so I may pay it myself or through an accountant? If not I will have to wait until next year to claim the extra tax back through my tax return.

Any advice here would be very much appreciated.

[Satcommlee]

I usually calculate my own tax and tell them what I want deducted, However my arrangement is probably not like yours.

It would be fair to ask your payroll clerk to calculate your tax liability based on your salary + lump sum to date, and deduct only what is the difference between tax liability to date - tax already paid.

This may leave you paying a relatively higher tax rate for the remaining months of the year as remaining income will be subject to the higher tax thresholds.

[ubonjoe]

Not visa related. Moved to the business forum.

[blackcab]

You could always ask that it is paid as a bonus and that they tax you at the 3% rate as a service/professional fee. They might do it.

If they do then if there is a difference owing you will find out when you submit your PND91.

Is it worth looking at LTF's?