Tax guide for Thailand: tax on rent and sale

What you need to know

1. Does my tenant have to hold back tax from rent?

   In Thailand anyone who pays rent to a non-resident landlord, a private tenant as well as a company, must withhold 15% of the rent and remit it within 7 days, and becomes jointly liable for the tax if they do not (Revenue Code sections 50(3), 52 and 54).

   Where this comes from

   • Revenue Department: Revenue Code, personal income tax sections 38-64 (English) incl. s.41, s.43, s.48, s.50(3), s.52, s.54, s.56, read 26 October 2026

2. At what rates is rent taxed for an owner abroad?

   In Thailand a non-resident individual pays personal income tax on Thai rent at 0% on net income up to THB 150,000, then 5%, 10%, 15%, 20%, 25%, 30% and 35% above THB 5 million, after a 30% flat deduction (or actual expenses) and a THB 60,000 personal allowance, and must file a PND 90 return by 31 March if income exceeds THB 60,000 (Revenue Code sections 41, 48 and 56; Revenue Department PND 90 instructions 2025).

   Where this comes from

   • Revenue Department: Revenue Code, personal income tax sections 38-64 (English) incl. s.41, s.43, s.48, s.50(3), s.52, s.54, s.56, read 26 October 2026

3. Is the tax held back from rent the final tax?

   In Thailand the 15% withheld from a non-resident's rent is not a final tax: every taxpayer, resident or not, with income above THB 60,000 (single) or THB 120,000 (married) must file a PND 90 return by 31 March of the next year, and the tax withheld is credited and any excess refunded (Revenue Code section 56; Revenue Department PND 90 instructions).

   Where this comes from

   • Revenue Department: Revenue Code, personal income tax sections 38-64 (English) incl. s.41, s.43, s.48, s.50(3), s.52, s.54, s.56, read 26 October 2026

4. How is income tax worked out when I sell?

   In Thailand an individual selling a condominium unit has income tax withheld at the Land Office: the appraised value less a deduction by years held (92% for one year down to 50% for eight or more) is divided by the years held, taxed at the income tax rates without the THB 150,000 exemption, multiplied back by the years, and capped at 20% of the price (Revenue Code sections 48(4) and 50(5); Royal Decree 165).

   Where this comes from

   • Revenue Department: Worked examples of tax on selling immovable property (Royal Decree 165 table), read 26 October 2026

5. Is there a business tax if I sell within five years?

   In Thailand an individual who sells a condominium unit within 5 years of acquiring it pays specific business tax of 3% plus a local tax of one tenth of it (3.3% in all) on the higher of the price and the appraised value, unless the seller's name was on the unit's house register for at least one year or the unit was inherited (Revenue Department, specific business tax on immovable property).

   Where this comes from

   • Revenue Department: Specific business tax on the sale of immovable property, read 26 October 2026

6. What do I pay if the business tax does not apply?

   In Thailand a sale of immovable property that does not pay specific business tax bears stamp duty of THB 1 per THB 200 (0.5%) on the higher of the price and the appraised value, payable by the seller as issuer of the receipt (Revenue Department Stamp Duty Schedule item 28(b); Department of Lands fee schedule).

   Where this comes from

   • Revenue Department: Stamp Duty Schedule, read 26 October 2026

7. What yearly tax does a condo that is not my home pay?

   In Thailand a condominium unit that is not the owner's main home, including one let by the month, pays Land and Building Tax of 0.02% of its official appraised value up to THB 50 million, 0.03% on the part to THB 75 million, 0.05% to THB 100 million and 0.10% above, from tax year 2022 (Royal Decree on Land and Building Tax Rates B.E. 2564); the owner on 1 January pays it each April (Land and Buildings Tax Act B.E. 2562, sections 9 and 46).

   Where this comes from

   • Royal Decree on Land and Building Tax Rates B.E. 2564, Royal Gazette vol.138 part 84 Kor, 13 Dec 2021, Fiscal Policy Office copy, read 26 October 2026

8. Can I take my money back out of Thailand?

   In Thailand non-residents may freely bring in funds for direct and portfolio investment and freely repatriate those investments, and authorised banks generally ask for supporting documents for transactions of USD 200,000 or more (Bank of Thailand exchange control regulation).

   Where this comes from

   • Bank of Thailand: Exchange Control Regulation, read 26 October 2026