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.
Streamlining withholding tax compliance: New framework for appointing qualified WHT agents
In practice, businesses acting as intermediaries, such as property managers, platform operators, or payment service providers, often face significant administrative burdens when managing payments received on behalf of multiple payers.
Fixed 17% personal income tax rate and corporate income Tax exemption to entice Thai professionals to return to work in Thailand
On 24 March 2025, Royal Decree No. 793, which brings about a significant change in Thailand’s tax treatment, was published in the Royal Gazette. This decree grants a reduction in personal income tax for Thai employees with international work experience and allows for increased deductions of expenses for employers which are companies or partnerships operating in targeted industries and employing such workers.
Carbon pricing in excise tax rates
On 21 January 2025, the Cabinet approved the principles of a draft Ministerial Regulation to be issued by the Ministry of Finance regarding the implementation of a carbon tax as part of efforts to reduce greenhouse gas emissions and promote environmental sustainability.
Thailand enacts global minimum tax: Key implications of the Emergency Decree on Top-Up Tax B.E. 2567
On 26 December 2024, Thailand enacted the Emergency Decree on Top-Up Tax B.E. 2567, representing a significant legislative milestone in the adoption of the OECD’s BEPS 2.0 Pillar Two Framework.
VAT Compliance alert: New input VAT deduction rules for sales outside of Thailand
On 5 February 2025, the Thai Revenue Department issued Departmental Instruction No. Paw 164/2568 (“Paw 164”), which significantly amends the treatment of input VAT for VAT registrants engaged in the sale of goods outside of Thailand. This instruction repeals the second paragraph of Clause 3 of the previously issued Departmental Instruction No. Paw 89/2542 (“Paw 89”) and introduces two new provisions, Clause 3/1 and Clause 3/2, which impose stricter input VAT allocation requirements.