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.
The Revenue Department introduces tax measures to promote investment in Special Economic Zones
On 13 January 2025, the Cabinet approved the principles of a draft Royal Decree on tax exemptions as part of measures to promote investment in Special Economic Zones (SEZ).
‘Easy E-Receipt 2.0’ offers tax deductions of up to THB 50,000 to stimulate the domestic economy
To stimulate domestic consumption and support the local economy, the Revenue Department encourages taxpayers to take part in the ‘Easy E-Receipt 2.0’ program.
Tax exemptions and deductions available to corporations
As the tax season approaches, it is essential for taxpayers to prepare diligently for their upcoming filings. Whether you are an individual or a business owner, leveraging available tax exemptions and deductions can significantly reduce your tax liabilities.
Revenue Department and Customs Department integrate data access to streamline tax administration
The Thai Revenue Department and the Thai Customs Department took a significant step towards improving the efficiency of tax collection through digital integration on 9 August 2024 by signing a Memorandum of Understanding (“MoU”) on data linkage.
Flat 15% withholding tax on profits on investment tokens for individuals
On 24 September 2024, Royal Decree No. 789, which brings about a significant change in Thailand’s tax treatment of investments in digital tokens made by individuals, was published in the Royal Gazette. This decree grants an exemption from personal income tax for individuals earning income under Section 40(4)(b) of the Revenue Code, specifically covering dividends or profits derived from investments in digital tokens.