Tax Section - Doing Business
You will find here a series of summaries providing an overview of useful tax regulations, processes and tax issues for Doing Business in Thailand.
Thailand extends electronic tax systems and e-Donation incentives through 2027
23 July 2026
On 16 June 2026, the Thai Cabinet approved the extension of several tax incentives including double tax deductions for expenditures relating to the e-Tax Invoice & e-Receipt system and the e-Withholding Tax system, reduced withholding tax (“WHT”) rates through the e-Withholding Tax system, and double tax deductions for donations made through the e-Donation system, all extended through 31 December 2027. These extensions are currently pending enactment into law by Royal Decrees.
Investment in SEZs at Thailand’s borders: Opportunities for business expansion with a 10% CIT reduction
23 July 2026
On 19 March 2026, the Director-General of the Thai Revenue Department (“TRD”) issued Notification No. 468, setting out further details on a reduced corporate income tax (“CIT”) rate of 10% for companies or juristic partnerships operating in targeted industries designated by the Board of Investment Promotion within Special Economic Zones (“SEZs”) in line with Royal Decree No. 797.
Thailand’s Revenue Department launches a foreign tax credit tool for individuals with foreign income
23 July 2026
The Revenue Department has introduced a Foreign Tax Credit (FTC) calculation tool for foreign income brought into Thailand. This tool helps taxpayers calculate their FTC more easily.
Thailand approves participation in the GloBE Information Return MCAA
23 July 2026
On 16 June 2026, the Thai Cabinet approved Thailand’s intention to participate in the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GloBE MCAA).
Year-end corporate income tax review: Deductions and incentives taxpayers should not miss
22 June 2026
As companies prepare their annual corporate income tax return, they should revisit their deductible expenses and assess whether any special tax deductions, allowances, or exemptions may be available.