Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 

Paying taxes for the rental business

Article's picture of Paying taxes for the rental business
Paying taxes for the rental business

Real estate rental business It tends to continuously grow. At present, the hotel business, dormitory business, or other rental business Becoming more widespread Since the income from real estate business is quite high Business owners can charge a lot of other services in addition to the rent, such as parking fees, water bills, electricity bills and much more. And of course, when having an income it is necessary to pay tax Many of you may not yet know about the taxation of the rental business. In this article, I would like to summarize the tax Payment to be easy to understand for those who are starting to study this type of business.

Paying taxes for the rental business

1. Personal income tax

First, let's explain the word income tax. Income tax means If we have income, then the tax must be paid. Which will be divided into corporate income tax and personal income tax By paying tax that is calculated as follows
Personal income tax = tax rate x net income (total income - expenses - allowances)
Corporate income tax = taxable profit (income - expense) x tax rate

2. Value-added tax

Renting a house, building, or apartment The law exempt VAT But if the business has income from other services more than 1,800,000 baht per year, it is also necessary to pay VAT. And when registering for VAT The business must collect VAT from customers, issue tax invoices to customers. And prepare the input tax repor.

3. House and land tax

This property tax will be collected from the rent. It has a tax rate of 12.5% ​​of the rental rate which is a very high rate. Therefore, it is recommended that business owners divide the lease into 2 contracts, lease and service contracts.

4. Stamp duty

The business owner will have to pay a stamp duty of 1 baht per the rent limit of 1,000 baht.

Once you understand some tax issues for the rental business, are you? Doing a real estate business needs to be studied well before investing. And for any entrepreneur who wants to manage their business more conveniently and easily, we have MDRental Component, a management tool for the rental business. This component will help you manage your business with ease. More effective

References

tax for rental.[Online].Accessed from : https://www.pattanakit.net/index.php?134.[29-Jan-2020]
tax for rental business.[Online].Accessed from : https://aommoney.com/stories/.[29-Jan-2020]
plan of tax for rental business.[Online].Accessed from : https://www.pattanakit.net/index.php?lay=show&ac=article&Id=538687235&Ntype=134.[29-Jan-2020]
tax of rental business.[Online].Accessed from : https://home.kpmg/th/en/home/insights/2017/10/thailand-tax-updates-31august2017-th.html.[29-Jan-2020]
tax on rental.[Online].Accessed from : https://www.sars.gov.za/TaxTypes/PIT/Pages/Tax-on-rental-income.aspx.[29-Jan-2020]
Recent Topics
Subject
Post Reply
Open
Recent
The program calculates the PMT
By prmindphp Wed 20 May 2020 6:45 pm Board English Language
1
92
Thu 21 May 2020 5:57 pm By prmindphp
Helper for calculating NPER values
By prmindphp Tue 19 May 2020 6:55 pm Board English Language
1
62
Thu 21 May 2020 5:59 pm By prmindphp
Program that will be used for home loan calculations
By prmindphp Mon 18 May 2020 6:49 pm Board English Language
1
91
Thu 21 May 2020 6:02 pm By prmindphp
Tools that will help calculate car tax
By prmindphp Thu 14 May 2020 7:00 pm Board English Language
1
66
Fri 15 May 2020 12:03 am By prmindphp
Helper to create slidershow, Module Product Slide of MooZiiCart
By prmindphp Thu 30 Apr 2020 6:32 pm Board English Language
0
82
Thu 30 Apr 2020 6:32 pm By prmindphp
Helper in searching products by category and keywords with Module Ajax Search of MooZiiCart
By prmindphp Tue 28 Apr 2020 6:17 pm Board English Language
0
78
Tue 28 Apr 2020 6:17 pm By prmindphp
Helper to restore the system to clear data, Plugin System MRestore
By prmindphp Fri 24 Apr 2020 7:05 pm Board English Language
0
90
Fri 24 Apr 2020 7:05 pm By prmindphp
Creating social share buttons, share the website's content to Social Media With Plugin Content Msocial
By prmindphp Wed 22 Apr 2020 7:05 pm Board English Language
0
89
Wed 22 Apr 2020 7:05 pm By prmindphp
Create Content Marketing and Product with Content Product Match of MooZiiCart
By prmindphp Tue 21 Apr 2020 7:19 pm Board English Language
0
109
Tue 21 Apr 2020 7:19 pm By prmindphp
Filtering for find the product with Module Filter product of MooZiiCart
By prmindphp Thu 09 Apr 2020 6:51 pm Board English Language
0
100
Thu 09 Apr 2020 6:51 pm By prmindphp
Template Megadeal of MooZiiCart for creating websites to sell products online
By prmindphp Fri 03 Apr 2020 6:45 pm Board English Language
0
282
Fri 03 Apr 2020 6:45 pm By prmindphp
Displaying products that customers are interested by Wishlist Module
By prmindphp Fri 27 Mar 2020 5:46 pm Board English Language
0
495
Fri 27 Mar 2020 5:46 pm By prmindphp
Show the Bestsellers Product by Module Bestseller
By prmindphp Wed 25 Mar 2020 6:04 pm Board English Language
0
308
Wed 25 Mar 2020 6:04 pm By prmindphp
Show Products Category by Module Category
By prmindphp Tue 24 Mar 2020 6:07 pm Board English Language
0
338
Tue 24 Mar 2020 6:07 pm By prmindphp
Plugin System MZC Auto Close to enable the open and close odering system
By prmindphp Wed 19 Feb 2020 6:38 pm Board English Language
0
2994
Wed 19 Feb 2020 6:38 pm By prmindphp
MDPartner Component for store client data in CRM system
By prmindphp Sat 25 Jan 2020 3:04 pm Board English Language
0
770
Sat 25 Jan 2020 3:04 pm By prmindphp
i am looking for help
By Anonymous Tue 14 Jan 2020 5:46 pm Board English Language
1
798
Tue 14 Jan 2020 6:03 pm By noppadonsk
Dot Net Training
By Poonaam Fri 10 Jan 2020 2:20 pm Board English Language
0
984
Fri 10 Jan 2020 2:20 pm By Poonaam
MDRental, Area management assistant for rental business
By prmindphp Wed 08 Jan 2020 6:51 pm Board English Language
0
765
Wed 08 Jan 2020 6:51 pm By prmindphp
Fix Gmail Error 404 By Taking Gmail Help Quickly
By Anonymous Wed 08 Jan 2020 2:56 pm Board English Language
0
768
Wed 08 Jan 2020 2:56 pm By Anonymous