Phuket Business: AMCHAM to host US taxation seminar in Patong

PHUKET: If you are an American and are baffled by the US tax regime on overseas residents, then you do not want to miss an AMCHAM (the American Chamber of Commerce) seminar on Friday (March 8), at the Holiday Inn Patong.

John Andes, tax partner at KPMG Thailand, will provide an overview of US taxpayers’ 2012 US income tax and information reporting requirements, including a discussion on the Report of Foreign Bank and Financial Accounts (FBAR) and the Statement of Foreign Financial Assets (Form 8938).

John will also discuss the American Taxpayer Relief Act of 2012 (ATRA), enacted January 2, 2013.

This law has wide ranging consequences for all US individual taxpayers for 2013 and onward. It both extended the “Bush tax cuts” for many middle and lower income taxpayers and significantly increased the tax rates for high income individuals.

These, along with recently enacted “Obama Care” taxes taking effect in 2013, will significantly impact all US taxpayers. He will also present an overview of the Foreign Account Tax Compliance Act (FATCA) and its impact on US taxpayers.

The seminar will take place in the conference room at the Holiday Inn Patong this Friday (March 8 – click here for map), from 12:45pm onward. Registration will be from 11:30am to noon followed by lunch.

The cost for members is 750 baht (non-members:1,000 baht) and includes a buffet lunch.

Pre-payment is required and bookings and payment can be made online, if made by March 5. For registration assistance, email: eventbooking@amchamthailand.com.