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.
Personal Income Tax Exemptions for Capital Gains
The Ministry of Finance has issued Ministerial Regulation No. 290, to exempt personal income tax on capital gains derived from sales of securities listed on an ASEAN stock exchange.
Mazars Thailand Tax Update - Stamp Duty on Credit Service Agreements
On 7 June 2012, a Notification of the Director-General was issued by the Revenue Department to require that providers of personal credit services, which are under supervision by the law governing the control in business affecting safety and peace of the public, pay duty in cash in lieu of affixing stamps on hire purchase agreements and loan agreements made with their customers.
Personal Income Tax Exemption on Dividends
A Royal Decree was issued on 20 June 2012 to grant the right to Thai resident investors, who receive dividends from shares of a foreign listed company and consents the said company to withhold tax at the rate of 10% from such dividends, to exclude such dividends from their annual personal income tax returns.
Personal Income Tax Deductions For Flood Victims
With the announcement of Ministerial Regulation No. 288, individual taxpayers affected by the floods are now entitled to claim personal income tax deductions of up to Baht 100,000.
Tax Incentive Scheme Announced by the BOI
The Board of Investment (‘BOI’) has announced an additional tax incentive scheme for new investment projects in the flood affected areas. This is expected to encourage both new and existing investors to continue to investment in BOI promoted industrial estates or zones in Pathum Thani and Ayutthaya.