Thailand – Inheritance Taxation
| Inheritance Taxation / Gift and Donation Taxation | Real Estate | Financial Assets | Company shares | Assets outside the Country | Miscellaneous |
| Taxable Events (personal and real obligation to contribute) | Inheritance taxation: A person receives inheritance from each deceased person, whether on one or multiple occasions, if the value of each inheritance exceeds 100 millions. Gift taxation: A person receives money or assets as a gift exceeds 20 millions from parents, ascendants, descendants, spouse or exceeds 10 millions from others. Donation taxation: N/A | Nothing to report. | |||
| Taxpayer | Inheritance taxation: Heirs / Legatees Gift taxation: Receiver Donation taxation: N/A | Nothing to report. | |||
| Taxable Base (Tax Valuation of Assets and Deductions) | Inheritance taxation: Values on the day assets are received. Gift taxation: Values on the day assets are received. Donation taxation: N/A | Inheritance taxation: Based on ministerial regulations issued by the authority of the Inheritance Tax Act B.E.2558. Gift taxation: Based on Property Valuation for the Public Interest Act B.E.2562. | |||
| Tax Rate | Inheritance taxation: Ascendants and descendants are taxed at 5% of the portion over 100 millions, while others are taxed at 10% of the portion over 100 millions Gift taxation: 5% of the portion exceeding 20 millions or 10 millions Donation taxation: N/A | Nothing to report. | |||
| Deductions and Exemptions in Tax Amount | Inheritance taxation: Spouse and the members of the Royal Family ranked Praongchao and above are exempted. Gift taxation: Charities and other organizatons are exempted. Donation taxation: N/A | Nothing to report. | |||
| Deadline Declaration and Tax Payment | Inheritance taxation: Within 150 days from the received date Gift taxation: The same with income tax Donation taxation: N/A | Nothing to report. | |||
| Internal Law and Agreements to Avoid Double Taxation | Thailand has several bilateral double tax treaties, which are distinctive to each member state. | Nothing to report. | |||
Source: International Comparison November 2023 : Antea (antea-int.com)