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.
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.
Permanent corporate income tax rate of 20%
To enhance the Country's ability to compete in a global economy, the draft Act amending the Revenue Code that permanently reduces the corporate income tax from 30% to 20% has been approved by the Thai National Legislative Assembly.