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Matt199

Reduce taxable income - bonus or?

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Hi guys,

 

It's my first year running a private limited company in Thailand (or any company whatsoever). I will make some profit end of the financial year which ends November 2019 so in 2 weeks. If profit is more than 300,000 THB then it's taxed and the company will exceed that.

 

Question is if I can pay myself and my employees a bonus? Anyone has any experience in doing so?

 

I would like to avoid any problems with audit so any experience shared would be beneficial. I'm not experienced in this manner. I also have only 2 weeks to reduce taxable income.

 

Thanks,

Matt

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@AJBangkok thanks for the info! I did some research after my post and indeed this is what I understood made sense as well (dividend after PIT effective 30%+). Thanks once again.

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Another approach is to bring costs forward into this year, if you think you might want a buffer for next year.

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