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.
Personal income tax implications of cryptocurrency / digital tokens
Recently, the Revenue Department published guidelines on the personal income tax implications of benefits derived from cryptocurrency / digital tokens.
Personal Income Tax exemptions for Long Term Resident Visa holders
The Thai government is planning to provide personal income tax exemptions for expats under certain categories of the new Long Term Residence (LTR) visa.
Reduction of transfer and mortgage fees for residential property
On 17 January 2022, the Government published a notification of the Ministry of Interior in the Government Gazette to reduce the transfer fee from 2% to 0.01% and the mortgage fee from 1% to 0.01%.
Corporate income tax exemption from government projects
On 24 January 2022, the Cabinet approved a royal decree to provide corporate income tax exemptions for a company or legal partnership for benefits received from government projects to mitigate the impact of COVID-19, as follows:
Additional tax deduction for SMEs to acquire a computer program
Under Royal Decree No. 725, small and medium enterprises (“SMEs”) are allowed to deduct a greater amount of expenses incurred for acquiring a computer program for corporate income tax purposes than normal. However, the rules, procedures, and conditions prescribed by the Director-General of the Revenue Department must be complied with.