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.
SBT Exemptions Legalised by Royal Decree
Previously, interest that a company charged on loans provided to an associated company or its employees were exempt from Special Business Tax (SBT) under the Departmental Instruction No. Paw. 26/2534.
Tax Exemption for Subsidies Incentives
On 23 December 2013, Royal Decree No. 570 was announced granting an exemption on personal income tax and corporate income tax for subsidies derived from the Government for permanently preventing flood, storm, fire, or other natural disasters that might happen in Thailand.
Tax Benefits for e-Filing Extended
On 17 January 2014, the Revenue Department issued an extension to the deadline for tax e-filing. The incentive provides those who voluntarily registered for e-filing an additional eight days to pay monthly and annual tax liabilities.
New Tax Invoice Requirements Postponed Until 2015
The Revenue Department has postponed until 2015 the enforcement of the new VAT compliance rules prescribed under the Notifications of the Director-General of Revenue on Value Added Tax No. 194-197.
Tax Exemption for Political and Southern Unrest
On 25 October 2013, Royal Decree No. 567 was announced to grant an exemption from personal income tax and corporate income tax on Government compensation received by individuals and companies or juristic partnerships who are the victims, affected or damaged by the political unrest and southern unrest.