20
Sep
On 17 September 2024, the Thai cabinet approved another year of extension for the reduced value added tax (“VAT”) rate of 7 per cent (comprising 6.3 per cent VAT, and 0.7 per cent local...
27
Sep
26 September 2022
An expatriate, who obtains LTR Visa as a “Wealthy Global Citizen” “Wealthy Pensioner”, or “Work-From-Thailand Professional”, may be exempted from personal income tax (PIT) by virtue of Royal Decree 743 for incomes...
27
Sep
26 September 2022
To promote Thailand as destination for expatriates with high eligibilities and net worth, Royal Decree (No. 743) (“Royal Decree 743”) was issued on 21 May 2022 to grant tax incentives to certain...
26
Sep
20 September 2022
Ever since Thailand has set national goals towards “Thailand 4.0”, a number of tax incentives have been introduced to promote 10 targeted industries, comprising the so-called “First S-curve” industries, i.e. next-generation automotive,...
26
Sep
20 September 2022
On 3 June 2020, Thailand has become a signatory to the Multilateral Convention on mutual Administrative Assistance in Tax Matters (“MAC”), which is a treaty facilitating the exchange of information to combat...
06
Jul
28 June 2021_ Thailand is getting ready to implement the Convention on Mutual Administrative Assistance in Tax Matters (“MAC”), to which it became a signatory state on 3 June 2020.
Under MAC, the member states...
28
Jun
23 June 2021_
On 16 April 2021, the Ministry of Finance issued Ministerial Regulation No. 374 changing fundamental rules concerning the write-off of bad debts for corporate income tax (“CIT”) purposes, due to its obsolescence....
17
Jul
On 10 July 2020, the Revenue Department announced that it was expecting a bill for amendment of the Revenue Code to impose VAT on digitalized form of services, or the so-called “e-Service Tax Act”....
13
Jul
Thailand is working with OECD regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) that will apply alongside the existing tax treaties. While MLI offers some flexibility to leave...
13
Jul
On 3 June 2020, Thailand became the 137th jurisdiction that signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, or the so-called “MAC”, a convention developed jointly by the Organization for Economic...
12