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 Measures for Boosting Domestic Tourism
On 14 October 2014, the Cabinet approved the draft Royal Decree which grants a tax break on domestic tour packages and hotel accommodation to boost the local tourism industry.
Taxing Bodies of Persons and Ordinary Partnerships
On 21 October 2014, the Cabinet approved in principle the draft act to amend the Revenue Code as proposed by the Ministry of Finance.
CIT and PIT Cuts Maintained
The tax rate for non-SME companies has been temporarily reduced by Royal Decree No. 530 issued by the previous Government from the statutory flat rate of 30% prescribed by the Revenue Code to the temporary rate of 20% which is set to expire at the end of the 2014 accounting period.
Tax Reform – September 2014 Update
The Revenue Department is slated to present its tax reform proposal to the Finance Ministry. The package will cover inheritance and gift tax, land and buildings tax, the restructuring of VAT and personal income tax and measures for preventing international tax evasion.
Tax Treatment on Employee Termination Payments
When an employee has his or her employment terminated, they may receive various types of payments as part of their severance package.