Thailand

driv · #1 10-01-2005, 01:11

Hi
Anyone know what the current Income tax rates are?

Last time I worked in LOS - I was employed.
Are there any decent breaks for self-employed - presumably most of you are....?

Is there a higher rate for higher earners?

cheers,
driv.

domifletch · #2 10-01-2005, 01:47

Quote:

Originally Posted by driv

Hi
Anyone know what the current Income tax rates are?

Last time I worked in LOS - I was employed.
Are there any decent breaks for self-employed - presumably most of you are....?

Is there a higher rate for higher earners?

cheers,
driv.

Hi Driv,

You will find many answers here :

http://www.thailandguru.com/infra-working.html

Nicke · #3 10-01-2005, 03:54

The more you earn, you more you pay. Most people pay between 5-10% income tax.

People below 5000 or something dont need to pay tax at all.

I dont check for a while but I think I pay just around 7% income tax myself from the internet business.

driv · #4 10-01-2005, 06:55

Quote:

Originally Posted by domifletch

Hi Driv,

You will find many answers here :

http://www.thailandguru.com/infra-working.html

Thanks man - that is a good link.
Appreciated

driv.

driv · #5 10-01-2005, 06:59

Quote:

Originally Posted by Nicke

The more you earn, you more you pay. Most people pay between 5-10% income tax.

A damn site better than the 40% I'm paying here

Thanks for the info.
d.

LivinLOS · #6 10-01-2005, 11:11

Nicke, I know this seems very odd but it has been stated on thaiimmigration.com and also by advisors like sunbelt asia on thai visa that if you have a purely online business and if its profits do not come from thailand (invoicing in thailand, thai customers and clients, etc) you do not need to pay income tax in Thailand.

I myself found this very odd but it seems thier definition of remote work or telecommuting did not seem to define online work (with non thai companies) as a thai based activity.

I will see if I cant dig up some details later.

LivinLOS · #7 10-01-2005, 12:04

http://www.thaivisa.com/forum/index....01&hl=telework

http://www.thaiimmigration.com/inv/i...46&hl=offshore

http://www.thaivisa.com/forum/index....dpost&p=181499

http://www.thaivisa.com/forum/index....dpost&p=181722

http://www.thaivisa.com/forum/index....ndpost&p=81506

The complication would probably be that as a business owner here (bar) you probably have a B visa and pay minimum wage to not do visa runs anyway (??) in that category you step into 'residency' in a way that visa runners dont.