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10 May

Conversion of IHQ/ROH to IBC

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May 10, 2019

Due to Thailand’s participation in the Global Forum on Transparency and Exchange of Information for Tax Purposes and the Inclusive Framework on BEPS, the Ministry of Finance has decided to terminate all tax privileges...

Implied Consent on Disclosure of Banking Information

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May 10, 2019

On 3 May 2019, the Revenue Department issued an Announcement of the Director General concerning income tax (No. 346) requiring all commercial banks in Thailand to submit taxpayers’ information in all bank accounts to...

30 June 2019: Last Chance for Amnesty-Like Program

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April 1, 2019

On 26 March 2019, the Act on Waiver of Penalties, Surcharges and Criminal Charges for Encouragement of Tax Compliance under the Revenue Code (“Act”) came into effect to offer a waiver of the penalties...