Thai
taxation is outlined following common principle of Residence
Rule and Source Rule. Accordingly, corporate entities and
partnerships registered under Thai law and under Foreign Business
Act are subject to taxation. Juristic Person Unit (i.e. corporate
entities, partnerships, Joint Venture) are responsible to
pay tax on net profit, gross income or remittance depending
on types of assessable income.
Persons
(i.e. resident or non-resident) are responsible to pay tax
on net income derived from carrying on businesses in Thailand,
being employed in Thailand, and possessing assets in Thailand
(i.e. dividend, interest, rental, etc).
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