Avoiding double taxation Treaties generally provide that individuals and businesses do not have to pay taxes on the same income in more than one country or, in the case of double taxation, a credit is granted in the second country for the tax paid in the first country. Inheritance tax As noted in Chapter 15 Other Taxes, Thailand entered into force for the first time on 1 February 2016. Thailand`s double taxation treaties do not address or mention inheritance tax. As a result, the question arises whether inheritance tax is paid under Thai tax law and whether the deceased owns assets in another country subject to inheritance and inheritance tax, or vice versa, whether the payment of inheritance tax in the first country is charged to the IHT invoice in the second country. Essentially, qualified persons are placed in a more favourable position for Thai tax purposes than those provided for by national law. If people in Thailand earn income but do not have a permanent establishment in the country, their income tax on corporate profits is subject to the exemption. In addition, withholding taxes on the income of foreign legal persons not operating in Thailand may be reduced or exempted under double taxation treaties. Agreement between the Government of the Russian Federation and the Government of the Republic of Albania for the Avoidance of Double Taxation of Taxes on Income and Capital of Thailand first introduced in 1963 a double taxation agreement (with Sweden) and has since significantly increased the number of lists. There are currently 55 countries that have a mutual double taxation agreement with Thailand: the double taxation convention concerns both natural and legal persons established in the States Parties. To be entitled to contractual benefits, the person must be from the following persons: in order to avoid overlapping enrolment in social security, Japan has concluded social security agreements with several countries. Agreements are currently in force on 30 June 2020 with Australia, Belgium, Brazil, Canada, China, the Czech Republic, France, Germany, Hungary, India, Ireland, Korea, Luxembourg, the Netherlands, the Philippines, the Slovak Republic, Spain, Switzerland, the United Kingdom and the United States. Agreements have been signed with Finland, Italy and Sweden and are being implemented. Tax treaties deal with the prevention of double taxation and the prevention of tax evasion.

They generally provide a means of exempting a person who has income normally taxed in more than one country from the double payment of tax on the same income or tax paid in one country on the taxation of a taxpayer in another country. Double taxation treaties not only provide benefits for taxpayers, but also provide for cooperation between governments in the prevention of tax evasion. Double taxation is when the same reported income is taxed by two or more different jurisdictions. This can happen when an individual or company is or works in more than one country and is mitigated by double taxation treaties between countries. As a result, income is taxed only once. The double taxation treaty with other countries applies only to income tax, namely income tax, corporation tax and mineral oil tax. VAT, specific business tax and others are excluded. The following tax treaties were signed in September 2016 but are not yet in force: Brunei, Kenya, Lithuania, Morocco, Papua New Guinea, Zimbabwe and the Philippines (1983 treaty revision). . Nationality requirements As a general rule, the nationality of the taxable person is not important for the determination of tax advantages under a tax treaty.

Foreigners who have paid taxes in a treaty country can generally enjoy the benefits of the agreement, regardless of their nationality….