C9 Hotelworks Sessions Reveal Taxation Trends in Thailand’s Hotel License Regime at HOMA, Phuket
10 June 2024
Phuket, Thailand – On May 31, C9 Hotelworks hosted a 90-minute learning session at HOMA Cherngtalay, diving into Thailand’s hotel license regime for various property types, including branded residences and vacation rentals. The event drew numerous industry leaders.
Paul Ashburn from HLB Thailand presented on "Vacation Rental Tax Primer for Owners and Operators," highlighting that wealthy Southeast Asian families view higher taxation as a major risk over the next five years, surpassing concerns like climate change. His talk also covered Thailand's income tax system and recent tax authority focus on vacation homes in Phuket.
Foreign property investors facing a 15% withholding tax on rental income might qualify for a refund when filing tax returns, potentially lowering their overall tax burden and boosting ROI.
Thanks to Bill Barnett and the C9 Hotelworks team, the session provided valuable insights into the evolving vacation rental market in Phuket.
About HLB Thailand
HLB Thailand has a long tradition of serving international and local clients and today is one of the leading international accountings and advisory firms in Thailand specifically in Bangkok and Phuket.
We are one of only 30 audit firms in Thailand approved by the SEC to audit entities in Thailand’s capital markets.
About HLB
HLB International is a global network of independent advisory and accounting firms. We have a history of innovation, collaboration and are dedicated to helping our clients grow across borders. Formed in 1969, we service clients through our member firms in 157 countries, with 47,755 partners and staff in 1,069 offices worldwide.
Learn more about us and tell us what matters to you by visiting www.hlb.global
HLB refers to the HLB International network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.hlb.global/legal for further details.
About C9 Hotelworks
C9 Hotelworks is led by founder and Managing Director Bill Barnett, who brings over 30 years’ experience in the Asian hospitality and real estate sectors. Prior to founding C9 in 2003, Bill held senior executive roles in hotel operations, development, and asset management. He is considered a leading global authority on hotel residences and has sat at almost every seat around the hospitality and real estate table. Bill promotes industry insight through regular conference presentations at key events and contributes to numerous industry publications. For more information contact www.c9hotelworks.com
