1. Exemptions may also apply to foreigners having assessable income under Thai Revenue Code Sections 40 (4) and (8).
2. Section 40 (4) provides additional income tax sources such as investments, capital assets, and other sources.
3. Section 40 (8) addresses income generated from many sources, as well as situations in which a third party pays taxes on behalf of a taxpayer.
If assessable income in either category was withheld at the source, the taxpayer has the option to pay income tax under Revenue Code Sections 48 (3) and (4). Section 48 (3) would allow the foreigner to pay taxes at a 15% tax rates on income received in a few specific categories under Section 40. (4). Section 48 (4) specifies alternative methods for computing the tax on income generated under Section 40. (8).
To be eligible, foreigners must not request for a refund or tax credit on the withheld tax, in whole or in part. Even if the taxpayer decides to use these exemptions, they must still submit returns for the exempt assessable income.