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 Ruling on Teachers’ Remuneration
Foreign professors, teachers or researchers remuneration may be exempted from personal income tax in Thailand.
BOI: Taxing Foreign Exchange Gains
Companies promoted under the Board of Investment (‘BOI’) are frequently unfamiliar with the corporate income tax treatment on foreign exchange gains.
Manually Amending the Tax ID on Tax Invoices
Previously, VAT registrants whose tax identification number had been changed by the Revenue Department were allowed to manually amend their tax invoices which were previously printed by the printing houses within six months from the date of receiving the notification letter of the tax ID change from the Revenue Department.
Debt Restructuring in a Subsidiary
On 18 March 2014, the Revenue Department announced Instruction No. Paw. 146 which repeals Instruction No. Paw. 135/2551 issued in 2008.
Tax Issues when Reducing Share Capital
The need for reducing share capital may arise for various reasons such as the occurrence of trading losses, capital surplus or shareholder restructuring issues.