depends on the source of income and the amount of taxes paid back home subject to Dual Taxation treaty. If your home country had lower taxes, then you will most likely be paying taxes in TH.
Failing to file your income tax in Thailand can lead to several penalties and legal consequences. Here's what you need to know:
1. Late Filing Penalties:
Monetary Fines: If you do not submit your tax return by the due date, you may incur a fine of up to 2,000 Baht.
Interest on Unpaid Taxes: A surcharge of 1.5% per month is applied to any outstanding tax amount, calculated from the day after the filing deadline until the tax is paid. Even a fraction of a month is considered a full month for this calculation.
2. Additional Penalties for Non-Compliance:
Failure to File After a Summons: If tax officials issue a summons and discover that you haven't filed a tax return or have underpaid, you may be liable to pay a fine equal to or double the amount of tax due, in addition to the standard surcharge.
Intentional Tax Evasion: Deliberately providing false information or attempting to evade taxes can result in severe penalties, including imprisonment ranging from 3 months to 7 years and fines between 2,000 Baht and 200,000 Baht.
3. Criminal Charges:
In cases of deliberate tax evasion, individuals may face criminal charges, leading to imprisonment of up to one year and fines up to 200,000 Baht, or both.
4. Risk of Audits:
Late or non-filing increases the likelihood of a tax audit by the Thai Revenue Department, which can further complicate your financial situation.
Recommendations:
Timely Filing: Ensure you file your tax returns within the specified deadlines to avoid these penalties.
Seek Professional Assistance: If you're uncertain about the filing process or your tax obligations, consider consulting with a tax professional familiar with Thai tax laws.
By adhering to Thailand's tax regulations and filing requirements, you can avoid these penalties and maintain compliance with the law.
not true, especially if it gets tied in with immigration something that can easily be done. Where did you get that there is no punishment for not failing and paying???
yap, might as well just fly in 2 times for 3 months or 3 times for 2 months and not deal with any of the drama. VN offers 3 month tourist visa and I never had any issues there. Also they aren't chasing people over income tax unless you work locally.
TH just wants the money and not the foreigners, make sure to stay in TH under 180 days during a calendar year so you don't have to deal with the income tax BS...
5 reviews, two of them seem to be from clueless individuals, one of which wasn't happy that the insurance company didn't have direct billing with the hospital they went to - not a major issue as its pretty standard for most insurance companies.