Kindly advise the Capital Gain Tax Rate in Thailand in selling out “Share Capital” to investors.
Panwa: The gain from selling share capital is considered as the assessable income under section 40(4) in accordance with the Revenue Code.
Case of the share seller is individual person:
- In case if the share seller resides in Thailand for a period or periods aggregating more than 180 days in any tax year, the tax shall be calculated by the progressive tax rate.
- The share buyer must deduct the withholding tax and submit the tax that was withheld to the Revenue Department and provide the withholding tax certificate to the share seller.
- The gain from selling the capital is subject for personal income tax. The share seller must include it together with other assessable income to calculate the personal income tax by the progressive tax rate at the end of the year.