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.
Tax costs for online advertising to a foreign firm
Many companies currently use online advertising to promote their business. Advertisements may be shown in a search engine or the website of a company residing outside of Thailand. There are several rulings issued by the Revenue Department on the Thai tax implications of a Thai company paying advertising fees to an offshore advertising company.
Tax treatment of employee termination payments
When an employee has his employment terminated, he may receive various types of payments as part of a severance package.
Update on cancellation of tax incentives
The Thai Cabinet approved three draft Royal Decrees to cancel all tax incentives provided under the Regional Operating Headquarters (ROH), International Headquarters (IHQ) and International Trading Centre (ITC) regimes on 26 March 2019.
Tax implications of New Year’s gifts and events
It is common at this time of year to give gifts to your employees or customers, to hold a party or to take your employees on a trip. But what are the tax implications? Are you treating the personal income tax, VAT or corporate income tax correctly?
Transfer-pricing disclosure form in 2019
On 7 November 2019, a Notification of the Director-General of the Revenue Department was issued to specify a form for reporting information about companies or legal partnerships that are related, and the total value of transactions between them during an accounting period. This form can be printed from the Revenue Department website for filing together with the annual corporate income tax return (Form PND. 50), commencing from accounting periods beginning on 1 January 2019.