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.
New online platform for VAT and SBT registration
29 October 2025
To promote a taxpayer-centric approach, the Revenue Department has launched the “D-VAT & SBT” system on their website for facilitating online registration of Value Added Tax (VAT) and Specific Business Tax (SBT) anytime and anywhere from 1 September 2025 onward
Thailand cabinet approves extension of 7% VAT rate for one year
29 October 2025
On 9 September 2025, the Cabinet approved in principle a draft Royal Decree under the Revenue Code to extend the current reduced value-added tax (VAT) rate of 7% (inclusive of local tax) for another year
Thailand grants five-year personal income tax exemption on digital asset gains
29 October 2025
The Thai government has introduced Ministerial Regulation No. 399, granting a five-year personal income tax exemption on capital gains from the sale or transfer of digital assets, including cryptocurrencies and digital tokens
The US Stance and the “Side-by-Side” Agreement
22 August 2025
The United States has adopted a unique and divergent position on Pillar Two. The current administration has formally withdrawn US support for the OECD’s global tax deal, issuing an executive order stating the agreement has “no force or effect” in the US without an act of Congress. This stance is rooted in concerns that the Pillar Two framework, particularly the Undertaxed Profits Rule (UTPR), infringes on US tax sovereignty and could grant other nations extraterritorial jurisdiction over American companies.
Thailand’s policy response to Pillar Two: BOI’s measures to sustain investment attractiveness
22 August 2025
With the upcoming implementation of the OECD’s Pillar Two framework, Thailand will begin applying a 15% global minimum tax (GMT) on large multinational enterprises (MNEs) from 1 January 2025. This marks a significant shift in international tax policy, aimed at ensuring a fairer distribution of tax revenues across jurisdictions.