A column by TAXBugnoms

Hi-Light: 

• If you die during the tax year, your income becomes part of what's called 'the estate of the deceased'. The new status means that, even though you are dead, you will still be taxed on any income for the rest of the year you died in.

Many people know that Benjamin Franklin once said, ‘nothing is certain except for death and taxes’. In today's column I will explain this phrase in relationship to the Thai tax system.

First, let's take a look at an example: Mr. Bugnoms is a salaryman in a high position at his office, with an income of around 100,000 baht. He also has income from a property rental of around 50,000 baht per month.

He’s married with one child and he takes care of his family very well. Such a good guy!

But then many people also know that the good usually die young, and Mr. Bugnoms, who was working overtime to make a tight deadline, suddenly had a heart attack and passed away at his desk. His dead body was discovered early the next morning by his boss, and now people he used to work with never say, 'hard work never killed anyone'. 
 

No one can answer all the questions about where Mr. Bugnoms went after death, but we certainly can answer a few questions about how he will be taxed while he is there.

Let’s figure out exactly who is required to pay income tax. If we search Google, the top result comes from the Revenue Department's website. There it states that people and organizations with any of the following statuses must pay income tax:

1. Ordinary persons
2. Ordinary partnerships or non-corporate bodies
3. People deceased during tax year
4. Undivided estates
5. Community enterprises under the Community Enterprise Promotion Act (including ordinary partnerships or non-corporate bodies)