Job moving to thailand – tax implications

[captain]

I am in negotiation for a job that will move from Singapore to Thailand in a few months. (The first few months of work performed in Singapore before relocation).

I would like to obtain as much relevant information as possible for preparing my negotiation with the prospective employer.

I would like to know the following:

- How is the concept of tax residency defined in Thailand (e.g. do they follow the widespread rule of 183 days of income sourced in the country or not ?)

- Is Thailand’s taxation system based on territorial basis or do they tax on worldwide income ?

- How are treated benefits like housing, car, plane tickets to home paid by the company ?

Other related queries:

- What is the minimum amount of salary that one has to put in an employment contract to obtain a work permit and/or residence permit ?

- Is there also a minimum of income to open a bank account ?

Are there any good websites in English that deal with those issues ?

Thanks a lot for your input.

[singa-traz]

Directly from the Revenue Department of Thailand:

http://www.rd.go.th/publish/6000.0.html

How is the concept of tax residency defined in Thailand (e.g. do they follow the widespread rule of 183 days of income sourced in the country or not ?)

Yes, more than 180 Days, and you become a resident (From a Tax Perspective).

- Is Thailand’s taxation system based on territorial basis or do they tax on worldwide income ?

"A resident of Thailand is liable to pay tax on income from sources in Thailand on a cash basis, regardless where the money is paid, as well as on the portion of income from foreign sources that is brought into Thailand. A non-resident is, however, subject to tax only on income from sources in Thailand."

- How are treated benefits like housing, car, plane tickets to home paid by the company ?

Taxed.

- What is the minimum amount of salary that one has to put in an employment contract to obtain a work permit and/or residence permit ?

Work Permit, 30 to 50K THB minimum (From previous Post).

- Is there also a minimum of income to open a bank account ?

Don't know ...