Answered2 years ago
What is the income tax rate in Thailand and do I pay dual taxes as a Canadian expat?
For the DTV. What is the rate of income tax in thailand. I'm from Canada and it's approx 25%. Would I be paying dual taxes? Could someone with info that has been through this and can advise please messye me
Answer summary
The income tax rate in Thailand varies from 5% to 35%, depending on income levels. For Canadian expats who reside in Thailand for more than 180 days in a tax year, they may become tax residents and be subject to Thai tax on income earned abroad. However, a double taxation agreement (DTA) between Canada and Thailand ensures that income is not taxed twice; instead, the tax paid in Canada can often be credited against Thai taxes due. It is advisable for expats to consult an accountant for specific advice and to understand their filing obligations in Thailand.
21 repliesnewest first
Click comment and we will ask for your email, then OTP, then name.
Simon *********
Crazy thai tax system..I can spend 10M baht but not bank it into my thai account.
Digital wallets ..can pay direct to anyone in Thailand..how would they track this.. why Dob outselves in by getting tax id?
Digital wallets ..can pay direct to anyone in Thailand..how would they track this.. why Dob outselves in by getting tax id?
Tim *********
@Simon ********
sure you can be a selfish crook and hope your visa gets renewed when you can't produce a tax reference
Randy ******
@Simon ********
Commie justine castro will FIND a way to TAX you, son
Bob **********
5%-35%
David **********
How many people here *don't* earn money in Thailand, but file a Thai return?
Radost **************************
No one has to pay tax, don't believe this rumours
Radost **************************
Tony ********
@David *********
historically this is probably quite low, but for 1 of 3 reasons, ignorance of tax laws, only remitting non-assessable income or evaluation of risk of being audited. The change this year is on the non-assessable remittence, which has made some previously non assessable become assessable. This doesn't mean you will pay tax on it, but does mean you should do the return and use a DTA aggreement to negate the tax along with Thai tax allowances.David **********
@Tony *******
do the Thai tax forms support reduction of tax liability from a DTA?Tony ********
@David *********
indirectly yes, there are fields to input withholding tax paid, and then you attach supporting documents to support the credit for tax payed. See *******************************************
and navigate to forms and downloads where there are lots of pdf guides (2023 is latest but it wont change much)
Andy ************
@David *********
Wouldn't be many
John **********
I don't know how Canadian tax works but I assume if you earn your money in Canada then you pay Canadian tax on it. Then if you are a Thai tax resident (180 days or more in a calendar year) and bring income into Thailand then that income is also assessable for Thai tax and you need to complete a Thai tax return. You get a pro rated credit against Thai tax on the tax you already paid in Canada on the income you bring in. So while you won't be taxed twice you will in effect end up paying the higher of Canadian or Thai tax on the income you bring into Thailand
John **********
Canada's basic income tax rate without Provincial income tax added
You could end up paying 5 or 10 % to Thailand depending on how much you earn with the DTA
So if you make less than$
You could end up paying 5 or 10 % to Thailand depending on how much you earn with the DTA
So if you make less than$
*****
than more than likely you would be accessed an addt 10% payable to the greed of Thailand's govt making you pay their debt ( theyre desperate) and not offering you anything in return like medical or other items such as Canada gives
Stephan ***********
First of all... you become a tax resident in Thailand if you stay more than 180 days within a tax year (tax year = calendar year). But there is a double taxation agreement between Canada and Thailand since 1985. So... only one time tax. With 25% tax you might think about where you want to be taxed... it could be cheaper here. Best if you contact an accountant to clear the details.
Ray *****
@Craig *******
thx. Running $30k CAD to 50k scenarios thru a Canadian income tax calculator, our rates are 11+% to 15+. $50k USD is 70kCAD works out to 18%, much higher than the o.p. and most retirees here I think. Our Canadian rates are higher than thai in all the above scenarios but saw in another thread only fed portion used??? If I strip out the part the fed forwards to the province, that reduces above rates by a third, on par or slightly less than thai rates.Craig ********
@Ray ****
sounds like you need to consult with a thai tax attorney if you want more accurate and detailed information. I was simply helping people understand how often their Thai tax liability will be higher than their Western liability creating a net liability to Thailand
Ryan *******
OP@Stephan **********
thanksCraig ********
@Ryan ******
tax you pay in Canada is a tax credit towards Thailand but if the Thailand tax is higher than you still pay the differenceCraig ********
@Ray ****
so if you do the calculation on $50,000 of annual income the tax rate in the United States would be 12.5% in the tax rates in Thailand would be 16.5%. so you would owe 4% to the government of Thailand which is the net difference. Makes sense?Craig ********
@Ray ****
the top rate in Thailand is 35%, but the real problem for people is that the brackets are much lower so you'll have a higher percentage rate for a given amount of income. Look at the table demonstrated above and convert the Thai baht into US dollars and then look how quickly you get to a 20% tax rateRay *****
@Craig *******
how could thai tax be higher? The rates are so much lower in Thailand than canada or any western country.Activity
14 joined14
people
Related
25What are some affordable agencies for border runs from Bangkok for Canadians?
1.6k14142mo
What are the best options for Canadians in Bangkok considering visa runs or workation?
4k39342mo
What are good options for border runs and immigration advice for Canadians in Bangkok?
714212mo
What should I do before leaving Canada to make it easier to get a Thai driver's license?
2.2k723mo
How can I obtain a Thai Tax Identification Number (TIN) as a foreigner with a DTV for banking compliance?
1.2k10104mo
How can I avoid tax on my pension transferred to Thailand?
5.9k58416mo
What are the requirements and process for applying for the DTV Visa in Thailand with less than 6 months of income documentation?
29119mo
What is the correct process for applying for the OA visa from Canada?
2.1k16201y
Should I apply for a Thai DTV visa as a crypto trader or an online business owner in UAE?
36911y
What are the realities of living in Thailand on a DTV visa, and how does it differ from other visa categories?
19k1582242y
What is the timeline for the DTV visa application process for expats in Canada?
984282y
Will I face issues flying to Thailand without a return ticket if I plan to stay for 90 days?
15.1k1331232y
Does a Tax-Free Savings Account (TFSA) meet the 500k baht requirement for Canadians applying for a Thai visa?
1.1k642y
What are the key considerations for expats regarding the Thai tax system and related visas?
3.8k28362y
Will my US pension and Social Security be taxable in Thailand when I retire?
7.1k38632y
What are the tax implications for UK pensions in Thailand?
4.5k36342y
What is the process for extending a tourist visa in Thailand and how does re-entering affect my stay?
1.1k4133y
Is the Tachileik border crossing to Burma currently open for Canadians seeking a visa exempt stamp?
1.2k944y
What are the best visa options for a two-month stay in Thailand from Canada?
3.2k25294y
What should I do if my insurance provider refuses to fill out the form for my NON-OA Visa application for Thailand?
747434y
Can I apply for a Thai tourist e-visa while not being a resident of France?
1.1k5104y
Can I extend my 30-day visa stamp in Thailand to 60 days?
806615y
Can I register as a tax resident in Thailand while on a tourist visa?
7.8k58996y
How can a Canadian expat find a reliable English-speaking tax accountant or lawyer in Thailand?
2.3k18206y
Which visa should my husband and I apply for to stay in Thailand long-term?
2.1k17138y
Resources
Need help with your DTV visa?
#1 visa agent · 4,000+ reviews · 100,000+ expats served