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.
Reduced value-added tax rate extended
The reduced value-added tax (VAT) rate of 7% was set to expire after 30 September 2019, unless another law was passed extending it.
Update on electronic tax filing and documentation in Thailand
Since 2012, the Revenue Department (“RD”) has had a policy of supporting the preparation and delivery of electronic tax invoices (“e-tax invoices”) or electronic receipts (“e-receipts”) to support electronic transactions in the private sector and to increase the efficiency of electronic services (“e-services”) of the government.
Extension of the reduced VAT rate
Currently, the value-added tax (VAT) rate is reduced from the normal rate of 10% to 7%. This reduction was set to expire after 30 September 2019, unless another law was passed extending the reduced VAT rate.
Reminder About Filing Half-Year CIT Returns
The deadline for filing the half-year corporate income tax return (Form PND. 51) and paying half-year income tax is 2 September 2019 for companies or legal partnerships where the fiscal year is the same as the calendar year.
Payment of Stamp Duty for Electronic Instruments
The Thai Revenue Department issued Notification of the Director-General on Stamp Duty No. 58 in June 2019 together with Notification of the Director-General on Stamp Duty No. 59 in July 2019 to specify the methods to be used for paying stamp duty on electronic instruments. Those Notifications took effect on 1 July 2019.