Double Tax Agreement Malaysia Thailand

In any case, the credit must not exceed the Singapore tax rate, i.e. you cannot get a credit higher than what you owe in Singapore for your Thai income. Related companies If a company directly or indirectly controls another company or if the same persons run companies in two countries different from the tax treaty, and in trade between the two companies, there are different financial conditions than would be expected from unrelated companies, then the tax authorities can adjust the income between the two companies, to reflect the usual business situation. For example, if a company in Singapore sends a person to Thailand to study the possibility of opening a factory in Thailand, their salary would most likely be exempt from Thai income tax, provided they spend less than 183 days in Thailand. Dividends from shares and investment funds paid to natural persons Since the maximum tax on dividends paid to natural persons is 10% under national law and no tax treaty provides for a lower rate, no tax treaty offers a particular advantage to persons who receive dividends. Capital gains paid to individuals Capital gains paid to individuals from the sale of shares on the Securities Exchange of Thailand and investment funds are exempt under national law and therefore there is no special benefit under a tax treaty. . . .