Taxes in Thailand
If you plan to retire in Thailand, new tax regulations are crucial. Since January 1, 2024, a new tax law has been applied to residents living in Thailand for more than 180 days. But what does this mean for your situation, and what can you influence?
European banks require their customers in Thailand to have a
Tax Identification Number (TIN). We are happy to assist you in obtaining this TIN in Thailand.
By the beginning of 2025 at the latest, all residents in Thailand who have spent more than 180 days in the country during 2024 must submit the Thai tax return (PND) for the 2024 tax year.
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There is a tax exemption:
Anyone holding a 10-year Long-Term Resident (LTR) Visa wealthy pensioner or wealthy world citizen visa is exempt from Thailand income tax from income from aboard. Learn more here.​
News:
"Take advantage of the Revenue Department's new Easy E-Receipt 2.0 program and potentially claim up to 50,000 THB in tax deductions!"
We offer personal consultations in German and English
on taxes, tax exemptions, and fiduciary services in Thailand.
The Law on Thailand's Income Tax.
As of January 1, 2024, the updated tax law in Thailand has been introduced. It stipulates that all individuals who stay in Thailand for more than 180 days and are considered residents must declare and pay taxes on their worldwide income in Thailand.
Income tax in Thailand is based on a progressive tax rate system, which applies different rates to different income brackets. In 2024, the maximum tax rate for personal income is 35%. However, the exact tax rates and exemptions may vary depending on legal provisions and individual circumstances.
The Thai income tax law employs a progressive tax system, meaning that tax rates increase with higher income levels. Individuals earning up to 150,000 THB are exempt from taxes, while a 35% tax rate applies to income exceeding 5,000,000 THB. Taxes are calculated by applying specified rates to the corresponding income brackets, resulting in a transparent and well-structured taxation process.
Our Services
Thailand Tax Consulting
Our team of qualified experts understands the complexities of the Thai tax system in connection with Switzerland and assists both locals and foreigners with all tax-related matters in Thailand. We provide personalized advice and efficient solutions to minimize your tax burden while ensuring compliance.
Thailand Tax Identification Number (TIN)
Step by step with Thailand taxes made clear. First, you need a Tax Identification Number (TIN). If you live near Hua Hin or Pattaya, we will process your TIN for you at a fixed price using your details. Don’t live in our service area? No problem! We will send you a guide in German, and for the local tax office, in Thai, for a small fee.
To prevent double taxation on foreign income, Thailand has bilateral agreements. These agreements regulate the taxation of foreign income and minimize the tax burden for internationally active individuals and businesses. Compliance and transparency are key components of these agreements.
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For 18 years, we have been successfully helping and advising clients in Thailand.
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A team of 10 employees is responsible for assisting our clients.
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We have had the privilege of serving approximately 1,334 clients during this time.
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We have one office each in Hua Hin and Pattaya, and we are currently looking for new locations.