Expat Counsel
TAXES IN THAILAND IV: More about deductions
James Finch & Nilobon Tangprasit
Last column, we began a discussion of deductions. You'll recall that we established earlier that your assessable income in Thailand is what you earn that's exposed to Thai tax. Deductions and exemptions are subtracted from that. What remains is your tax
This time we'll continue with deductions. Let's look at an example that illustrates an important point. Assume you have set up a tour business with a couple of partners in Bangkok.
You rent buses and take groups of tourists to sights such as the Grand Palace and Wat Arun. You must have an office, where you enter into contracts with tour operators, and you have to have a staff of bus drivers and tour leaders who speak several foreign languages.
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