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Saturday, May 11, 2024

Guide to taxes for expats in Thailand

PHOTO: By pressfoto via Freepik

It’s always more fun in Thailand, isn’t it? The tropical weather, the smiling faces, and oh, the food — it’s really a paradise. But here’s the thing: when you decide to call Thailand home, it’s important not to overlook your obligations, including taxes. Understanding it should be a priority as it helps ensure a smooth and lawful stay in your new home. So, here’s what you need to know about your tax responsibility as an expat living in Thailand.

Do expats need to pay taxes in Thailand?

PHOTO: By rawpixel.com via Freepik

Everyone living in Thailand, regardless of their status, pays some form of tax. The most prominent is VAT (value-added tax), at a rate of 7% and applied to most products and services in the country. Taxes can also be hidden in the costs of products and services. For example, if you own a condo or a car in the country,…

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