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.
Stamp Duty
Stamp duties are payable on most documents filed by companies with Government agencies or entities, and on official company documents. This includes transfers of land, leases of immovable properties, stock transfers, debentures, mortgages, life assurance policies, annuities, power of attorney, promissory notes, letters of credit, cheques etc.
New Thai personal income tax structure
During the cabinet meeting on 19 April 2016, the cabinet agreed to the Ministry of Finance’s proposal to revise the Thai personal income tax structure.
New SME tax rates
In September 2015, the government approved a measure proposed by the Ministry of Finance to support small and medium enterprises (SMEs) by applying the following corporate income tax rates to SMEs.
Extension of the reduced personal income tax rate
The Thai government has issued Royal Decree No. 600 that extends the reduced progressive personal income tax rates of 0% to 35% for another year. We set below the Thai personal income tax rates for the 2016 tax year.
VAT filing extension
As a result of the tax amnesty programme, many companies registered for VAT that applied for the benefits under the programme have voluntarily filed additional VAT returns for January to March 2016 to get their tax affairs in order.