Sell Condo (Thai Company Name) Income/Profit Tax

[inThailand]

16 hours ago, angy said:

I'm interested to the topic of this discussion and I saw all the replies but never found the answer to the problem posted at the beginning.

Happy to see that the problem was solved with nothing to pay in the submitted initial post.

Anyone knows the matter about the taxes that a company have to pay when sell a condo? Example when the condo is sold to a thai person.

I'd been told that there is a 10% profit tax on the difference between declared prices with a deduction of 300000 baht on the selling price.

Plus another Special Business tax of 3,3% if the sell was before 5 years of property.

I'll appreciate if someone can confirm or explain because the accountant is making crazy requests.

One of key benefits of having Thai property in a company is when you sell. Let the buyer take over the company and do as they please. No title change so no taxes pay.