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.
Thai Revenue Department Allows Electronic Invoicing
The Thai Revenue Department has recently issued a departmental regulation which allows approved VAT registrants to raise and send tax electronic invoices and receipts to their customers for whole or partial sale of goods or provision of services. Therefore, there will be no requirement to print out and deliver those documents in hard copy.
Mazars Thailand Tax Update - Personal Income Tax Returns
Any person having assessable income in the year 2011 must file a PND 90 or PND 91.
The submission can be done online via the Revenue Department’s website or in paper to any Area Revenue Office.
The submission can be done online via the Revenue Department’s website or in paper to any Area Revenue Office.
Changes in Regional Operating Headquarter Rules
One of the drawbacks of the second Regional Operating Headquarter (‘ROH’) regime announced in 2010 was that if the company was unable to meet the specified conditions in any particular year, the Revenue Department would retrospectively cancel the tax privileges from year 1. Some of these criteria included maintaining a minimum level of operating expenses and/or capital expenditure per year as well as maintaining a minimum level of skilled workers in the company.
Revenue Department Announces New Deadlines for Tax e-Filing
The Revenue Department has announced that companies registered for e-filing with have an extra eight days to file all tax returns. This incentive will run until January 2014.
Tax Filing Deadlines – April 2012
With several public holidays in April and a special public holiday declared by the Thai Government (9th April), the Revenue Department has clarified the tax filing deadlines in April.