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’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 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.
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.
Thailand’s private trust reform: Pathway to a tax-efficient regional wealth hub
22 June 2026
On 2 May 2026, Mr. Pote Harinasuta, Chairman of the Association of Investment Management Companies (AIMC), proposed a Singapore-inspired private trust framework, signaling a potential shift in Thailand’s capital market strategy. If implemented effectively, it could position Thailand as a regional asset management hub and attract foreign inflows of up to THB 1 trillion.
Thailand’s proposed “Hometown Tax”: Learning from Japan’s Furusato Nozei model
20 May 2026
In April 2026, Thailand’s Ministry of Finance announced that it is exploring the introduction of a “Hometown Tax” regime as part of its broader policy to reduce inequality and support the decentralisation of economic development to local communities. The initiative draws inspiration from Japan’s Furusato Nozei system.