A Gentle Reminder From BSA Law On Filing Of Personal Income Tax Returns
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1888 PressRelease - BSA Law reminds people that the time for Personal Income Tax return filing is approaching.
Bangkok - This includes foreigners employed in Thailand under a Thailand work permit, who are required by Thai law to file a Personal Income Tax return the same as their Thai colleagues.
A Personal Income Tax return must be filed with the Revenue Department within the last day of March, following the tax year of 1 January to December 31.
The Revenue Department's website classifies taxpayers into 'resident' and 'non-resident'. A 'resident' means any individual residing in Thailand for a period or several periods in total of at least 180 days in a tax year. The website states:
A resident of Thailand has a duty to pay tax on income remitted from a source in Thailand as well as on any income from a foreign source in connection with the taxpayers' employment or business carried on abroad or a property situated abroad, and that income is remitted into Thailand within the year that the taxpayer receives that income (i.e. cash basis). A non-resident is subject to tax only on income from sources in Thailand.
As a leading international law firm in Thailand, BSA Law offers assistance in Personal Income Tax filing and can provide advice on the process.
"While they are of course free to handle this themselves, a number of foreigners working in Thailand use the services of a law firm such as BSA Law to help them file their yearly Personal Income Tax return" said BSA Law spokesman Apisakdi Kongkangwanchoke.
Accounting, auditing and tax consulting is among the various legal services and advice BSA Law provides to foreigners and Thais. This also includes Thailand work permit and visa processes, Thai labour law issues and Thai law in general, starting a business in Thailand and investment advice.
About BSA Law: For over 30 years, Bamrung Suvicha Apisakdi Law Associates (BSA Law) has focused on providing reliable legal advice and services to the Thai and foreign business community in Thailand. BSA Law seeks to provide international standards of legal services while retaining the customs of the Thai business culture.
For more information please contact:
Jim Byrne Business Advisor, BSA Law. Email: jim ( @ ) bsalaw dot co dot th
http://www.bsalaw.co.th
Rate this! 1-5 starsA Personal Income Tax return must be filed with the Revenue Department within the last day of March, following the tax year of 1 January to December 31.
The Revenue Department's website classifies taxpayers into 'resident' and 'non-resident'. A 'resident' means any individual residing in Thailand for a period or several periods in total of at least 180 days in a tax year. The website states:
A resident of Thailand has a duty to pay tax on income remitted from a source in Thailand as well as on any income from a foreign source in connection with the taxpayers' employment or business carried on abroad or a property situated abroad, and that income is remitted into Thailand within the year that the taxpayer receives that income (i.e. cash basis). A non-resident is subject to tax only on income from sources in Thailand.
As a leading international law firm in Thailand, BSA Law offers assistance in Personal Income Tax filing and can provide advice on the process.
"While they are of course free to handle this themselves, a number of foreigners working in Thailand use the services of a law firm such as BSA Law to help them file their yearly Personal Income Tax return" said BSA Law spokesman Apisakdi Kongkangwanchoke.
Accounting, auditing and tax consulting is among the various legal services and advice BSA Law provides to foreigners and Thais. This also includes Thailand work permit and visa processes, Thai labour law issues and Thai law in general, starting a business in Thailand and investment advice.
About BSA Law: For over 30 years, Bamrung Suvicha Apisakdi Law Associates (BSA Law) has focused on providing reliable legal advice and services to the Thai and foreign business community in Thailand. BSA Law seeks to provide international standards of legal services while retaining the customs of the Thai business culture.
For more information please contact:
Jim Byrne Business Advisor, BSA Law. Email: jim ( @ ) bsalaw dot co dot th
http://www.bsalaw.co.th
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