Thai US Tax Refunds

Thai Citizens and Companies:
If you paid US taxes
You may be eligible for a
Thai Tax refund

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thaiustaxrefund Thai US Tax Refund
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Do you or your company have a subsidiary or investments in the United States?

Did the US subsidiary or investment pay withholding tax in the US in 2020, 2021 or 2022?

Did the US subsidiary or investment receive a 1042s form from US IRS?

If the answers to all these questions is “YES”, you can get your US withheld tax back

We can help you

Do you have this 1042-S form from the US IRS?

The IRS 1042-S form is a tax form used in the United States to report income paid to foreign individuals or entities subject to withholding tax.

It was issued to 8 million people around the world in 2020 including over 35,000 Thai Individuals and over 750 Thai Corporations

thaiustaxrefund Thai US Tax Refund

Contact us if you have US taxes withheld – no fees unless we recover your refund

Do you have a 1042-S form from the US IRS?

Thai individuals and Thai-owned companies can access the United States tax payable in respect of income from sources within the United States.  This shall be allowed as a credit against the Thai tax payable in respect of that income.

Withholding taxes are levied against ALL foreign entities in the USA by the IRS!  

Under US domestic tax laws, a foreign person or company is subject to 10%-30% US tax on the gross amount of certain US-source incomes. All people or companies (‘withholding agents’) making US-source fixed, determinable, annual, or periodical (FDAP) payments to foreign persons generally must report and withhold 10%-30% of the gross US-source FDAP payments, such as dividends, interest, royalties, etc. Withholding agents are permitted to withhold at a lower rate if the beneficial owner properly certifies their eligibility for a lower rate either based on operation of the US tax code or based on a tax treaty. Information reporting of the US-source payments is always required even if no withholding applies.

The 1996 Tax Treaty between the USA and Thailand allows any Thai company or Thai individual with investments or income sources in the US to receive a tax credit and / or a potential refund of Thai taxes on that income.  This can be claimed retroactively for up to three years, and in some instances, this can be a substantial amount of money, acquired effortlessly and in a short period of time. 

While these credits and potential refunds of tax credits are backed up by a solid legal grounding.  In the past no firm had been able to apply for these credits in a way that the Thai government found acceptable.  However, American International Tax Advisers, working as a specialist in cross border taxation between the United States and Thailand, has successfully developed a process that meets the requirements for issuing credits and potential refunds from the Revenue Department of Thailand.

This opportunity to get these credits and potential refunds is now available through American International Tax Advisers to Thai companies and Thai individuals with investments and income from activities in the USA.

Fill out the contact form above and one of our tax experts will contact you.

American International Tax Advisers is Asia’s best U.S. tax firm. We are focused on assisting U.S. expatriates and businesses with tax planning, consulting and return preparation. We serve clients across Asia, Australia, Brazil and the U.S. from offices in various countries, such as Bangkok Thailand, Hong Kong, Manila Philippines, Phnom Penh Cambodia, Kuala Lumpur Malaysia, Jakarta Indonesia, Taipei Taiwan, United Arab Emirates, Saudi Arabia, Sydney Australia, Sao Paulo Brazil and Sarasota Florida.

We handle a variety of services for expatriates living in Asia, from filing normal U.S. returns to tougher cases. We are experts in preparation of the current returns as well as correctly completing past due returns for U.S. Citizens and Green Card holders including file Foreign Bank Account Reports (FBAR). We can help you plan your tax to minimize your tax paying.

We are specialist in international tax planning and structure for companies where there is a connection with the USA, such as incorporating in the U.S. We are able to provide high level planning and compliance services, such as fiduciaries, transfer pricing, and trust.

We also help clients file W-8Ben and W-8Ben-E forms to declare their tax status of Non-U.S. Citizens or Non-U.S. Businesses or Foreign Businesses. For more see: https://aitaxadvisers.com/