On March 12, 2024, the Cabinet made significant strides in fiscal policy by endorsing tax measures designed to stimulate fundraising activities utilizing digital tokens...

Owners of the above types of land or buildings are therefore only required to pay 10% of the land and building tax normally owed for 2021.

Beginning in 2024, foreign income earned the year before and imported into Thailand the following year will no longer be exempt from Thai personal income tax.

On December 15, 2020, Thailand's Revenue Department (RD) announced a further extension for e-tax filing and payment until January 31, 2024.

At a meeting on December 21, 2020, the BOI approved a series of stimulus packages aimed at encouraging local and foreign investment, as the government seeks to boost Thailand's economic recovery from the COVID-19 pandemic.

Thailand's cabinet has approved draft legislation to impose a financial transactions tax (FTT) on securities trading in the Stock Exchange of Thailand (SET).

On June 9th, 2020, the Thai Cabinet approved a draft amendment to the Thai Revenue Code which would impose a value-added tax (VAT) on foreign E-service providers and E-platform operators

The Thai Revenue Department has raised its standard of tax auditing by joining the Tax Inspectors Without Borders ("TIWB") program and requesting experts to share their know-how and exchange...

Thailand's Revenue Department issued Order No. Por.161/2023 on 15 September 2023, which introduced important amendments to the taxation of foreign...

On September 15, Revenue Departmental Order No. Por. 161/2566 was published, fundamentally changing how Thailand tax residents' offshore-sourced income will be taxed.

The Representative Office is one type of the legal vehicles available for a foreign entity to expand its existence in Thailand.

The Thai government recognises the importance of strengthening the supply chain in order to improve production efficiency through automation, and has thus launched policies aimed at developing human...

Thailand became a party to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAC), making Thailand the 137th state to become a party to the agreement.

The following table summarizes the revised methods of stamp duty payments available for the five instrument categories mentioned above under the new notifications.

By joining the Inclusive Framework on Base Erosion and Profit Shifting on 2 June 2017, Thailand committed itself to the implementation of the BEPS minimum standards.

The newly approved Transfer Pricing Act, which aims to regulate transfer pricing between Thai companies and affiliated companies, and will be added as Section 71 Bis to the Thai Revenue Code, will have a big impact on companies in Thailand.

It is good to note that a corporate entity that has tax losses is also entitled to apply for the tax incentive under the Royal Decree No. 710.

A newly enacted law, The Act for Exemption on Penalties, Surcharges, and Criminal Offenses and Support of Operations Under the Revenue Code BE 2562

The Revenue Department issued a draft bill which would, if enacted, levy withholding tax for online trading of goods and service as well as money-transfer service.

On 15 September 2023, the Director General of the Revenue Department issued the Revenue Departmental Order No. Por. 161/2566 ("Order") under Section 41, paragraph 2 of the Revenue Code.1...