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 incentives listed as harmful by the OECD
Base erosion and profit shifting (BEPS) refers to tax avoidance strategies that exploit gaps and mismatches in tax regulations to artificially shift profits to low-tax or no-tax locations.
Tax Issues that the New Year Brings
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?
Tax incentives for the sale of gold bars
In November 2017, the Thai government approved draft laws that reduce and exempt taxes for the sale of gold bars under a forward contract.
Corporate income tax exemption on subsidies
Under the laws for enhancing the competitiveness of the country for targeted industries, there are many investment privileges and benefits given to businesses in such industries.
Personal income tax benefits for employees
As set out in our tax article for July 2017, the Thai government issued Royal Decree Number 641 giving personal income tax benefits to an employee (“the Employee”) of a company or legal partnership that conducts business in a targeted industry, and has its place of business (defined as a place that is used in the normal course of business or used for manufacturing goods on a regular basis) in Chachoengsao, Chonburi, or Rayong Provinces.