Thailand’s Koh Samui
For many years, travellers looking for paradise from all over the world have chosen Koh Samui, Thailand. Bungalows, Villa for Sale in Koh Samui and resorts border the bays’ glistening blue waters and sun-baked, white sand beaches. Its vibrant nightlife and abundance of eateries satisfy the needs of foodies while creating a stunning backdrop for stunning sunsets and starry evenings. It’s not surprising that many foreigners desire to own land in Koh Samui, but before choosing which property to invest in, it’s necessary to understand the legal ramifications, work visas, and tax regulations involved.
Accessing the Island
You must be certain that getting from and to the island is simple and convenient for visitors before investing in villas for sale in Koh samui. After all, they contribute significantly to Samui’s economic development, therefore making it easier for visitors to reach the island is a primary concern. Flying with Bangkok Airways from Bangkok, Singapore, Phuket, Pattaya, and Chiang Mai to Samui is the most practical route. Samui and Bangkok are connected by 15 flights each day lasting 80 minutes, and Koh Samui and Singapore are connected by 4 flights per week lasting 90 minutes. As an alternative, several ferries and catamarans leave Don Sak or Surat Thani on the Thai mainland. From Samui and Ko Pha-Ngan, there are about ten departures per day.
The Samui airport represents an innovative and extraordinarily successful effort in creating an airport that is considerate of both the natural and cultural settings of a tropical island paradise. Short views of distant islands, surf, and the wake of small fishing boats are visible from the air as you approach the calm turquoise sea. As you get farther closer, coral reef flecks glisten in the sea. Then the Samui coast becomes visible. Samui is the main island among a collection of 80 smaller islands situated in the Gulf. It is a 250 km long tropical getaway that is scalloped by several coves rimmed in white sand and covered in lush patterns of wooded hills and palm groves.
Guidelines for Koh Samui property taxes
You should know how the tax burden can affect your overall return if you’ve done your homework and are planning to invest in Koh Samui real estate.
All Koh Samui landowners in Thailand are required to pay personal income tax (PIT) on rental income, which is calculated at either the standard PIT rate for “resident” taxpayers or at a rate of 15% on taxable profit for non-resident taxpayers. If a person stays in Thailand for more than 180 days during any tax year, that person is considered a “resident” taxpayer. Foreign buyers are not subject to a separate capital gains tax in Thailand. Capital gains are taxed at the same rate as other forms of income.