Thailand Share Sales Personal Income Tax
Capital gains income is subject to tax under the general provisions of the Thailand tax code, which prescribes, for individuals selling shares, the following is assessable income subject to personal income tax:
"Proceeds derived from transfers of shares, partnership holdings or debentures, bonds, bills or debt instruments that are issued by a company, a juristic partnership or any other juristic person, that exceeds the costs of the investment."
This provision in the Thailand income tax law prescribes that the capital gains income is the amount by which the "proceeds derived" exceeds "the costs of the investment".
Sales of Shares Not Traded on the Thailand Stock Exchange
For sales of shares not traded on the Thailand Stock Exchange, the aforementioned capital gains income amount is subject to tax in Thailand, as follows:
* Non-resident individuals may be entitled to exemption from the 15% Thailand withholding tax under a double tax treaty prescription.
Sales of Shares Traded on the Thailand Stock Exchange
For sales of shares traded on the Thailand Stock Exchange, however, the aforementioned capital gains income amount is not subject to tax in Thailand under a specific tax provision that prescribes:
This Tax Insight Article is general information only. It should not be used to determine any matter without consulting with an experienced Thailand tax advisor.