“Tis impossible to be sure of anything but Death and Taxes”- The Cobbler of Preston, By Christopher Bullock
CanCham Thailand in collaboration with MBMG Group are pleased to invite you to a Webinar: Ways to reduce your Thai personal Income Tax. Even though modern medical advances have helped extend life expectancy, the Grim Reaper is at best deferred, certainly not prevented. Taxes on the other hand can, to varying degrees be either deferred or exempted. Our presentation looks at legitimate ways of minimizing Personal Income Tax (PIT) in Thailand through several allowances and savings. Arguably these opportunities for minimizing tax on income earned locally give Thai tax residents the kind of tax haven benefits more associated with the Bahamas, Bermuda, the British Virgin Islands or The Isle of Man. All those that reside in Thailand for 182 days or longer, remit money to Thailand or are employed here need to pay income tax (some exceptions such as visiting lecturers).
There are two types of personal income tax submission documents and these must be completed by early April. The Thai Revenue Department has launched an App that can help you fill in all of the income tax allowances and deductions that you may have (so far, only in Thai) so that you can avoid paying too much tax. MBMG can also complete online personal income tax submissions for clients.
ABOUT MBMG GROUP
MBMG Group has been operating in Thailand for 25 years and comprises of legal, accounting and audit and Investment Advisory and is a member of the GGI Group operating in 126 countries. Paul Gambles heads up the Investment Advisory team and Janrira Sumanus manages Corporate Solutions which includes law, corporate advisory, audit and accounting.
The many awards and accolades currently held by the MBMG Group include Private Client Tax Firm of The Year (Thailand, 2020), Tax Law Firm of The Year (Thailand, 2020), Tax Structuring Advisory Firm of the Year (Asia, 2020), Most Trusted Tax Service Provider (Thailand, 2020)
13:30 Introduction to “Ways to reduce your Thai personal Income Tax”
13:40 Insight from speakers
14:00 Q&A Session
15:00 Session ends
James Fraser has lived and worked in Thailand for over 25 years as an analyst or investment consultant, and since 2015 has also advised clients of MBMG Investment Advisory on Thai and overseas tax efficient structures, Thai personal income tax, the relevance of Common Reporting Standards (CRS) which is due to be adopted by Thailand after the Thai Data Protection Act becomes legislation,
- Jureemas Ung is licensed as an Investment Consultant and Derivatives consultant and as an Investment Planner and been advising for MBMG Investments Advisory clients on Thai mutual funds, personal income tax and social security payments for almost 10 years. Jureemas also overseas online income tax submissions for our clients.
*The webinar link will be emailed to all registrants on Wednesday, February 10, 2021