With all the year-end excitement, don’t forget about the awesome personal savings you will receive from investing in the LTF & RMF incentive schemes that can give you a personal Thai tax reduction/refund of as much as THB350,000!!! These two often overlooked investments in your future are a genuine “no brainer” for anyone looking to dramatically minimize their Thai personal income tax burden in 2019! And with the Thai stock index now at it’s most attractive price-point all year of long-term investors, you won’t want to miss out on this fleeting opportunity. Particularly with the LTF program being taken away by the Thai Revenue Dept. at the end of December 2019, this will be your last chance for such an amazing Thailand tax windfall.
Are you a foreign tax resident in Thailand? Here are the pending changes in tax legislation regarding foreign sourced income that you need to be aware of….