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.
Guidelines on VAT imposed on e-services
Under the Act Amending the Revenue Code (No. 53), non-resident electronic service providers and electronic platforms which receive income of more than THB 1.8 million a year from providing electronic services to customers that are not VAT registrants in Thailand and that use the services in Thailand must register for VAT, file VAT returns, and pay VAT by calculating output VAT without deducting input VAT or issuing a tax invoice, starting from 1 September 2021.
E-commerce tax rulings
E-commerce is the sale of goods or the provision of services through computer networks and telecommunication systems or electronic media.
Tax filing deadline extensions - June 2021
As the impact of COVID-19 is still severe and the virus continues to spread across the country, the Ministry of Finance issued Notification No. 5 on 14 May 2021 extending the deadline for filing electronically the returns mentioned above for 2 additional months – June and July 2021.
Transfer-pricing disclosure form
The transfer-pricing disclosure form is one which companies or legal partnerships that are related, as defined in Section 71 bis of the Revenue Code, must prepare and file together with an annual corporate income tax return within 150 days of the last day of the accounting period.
Revenue and expenses in relation to related-party transactions
As mentioned in our technical update for November 2020, the Revenue Department issued Ministerial Regulation No. 369 to set out the rules, procedures, and conditions for Revenue Department officials to adjust corporate taxpayers’ revenue and expenses in relation to related-party transactions that are not at arm’s length. Subsequently, the Notification of the Director-General of the Revenue Department, No. 400 (“Notification No. 400”) was issued in order to provide further clarification on those rules, procedures, and conditions.