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.
RO assess the market rate on an interest-free loan
The company can lend money interest free or at a rate lower than the market rate to its employees affected by the floods if such a benefit is included in the company’s human resources policy, i.e. Staff Handbook.
First Home Owner's Tax Incentive
The income tax incentive for first home owners has now been enacted by Royal Decree No. 528.
The incentive is in the form of a tax credit to be utilised against tax payable if the following conditions are met.
The incentive is in the form of a tax credit to be utilised against tax payable if the following conditions are met.
Mazars Thailand Flooding Update - Tax Submission Deadline Extension
The Revenue Department has proposed to extend the tax submission deadlines for businesses affected by the floods in Nakorn Pathom, Samut Sakorn, Suphan Buri and certain districts in Bangkok.
Proposed Reduction in Corporate Income Tax Rates
The Cabinet has announced a reduction in corporate income tax rates, with the aim of improving the competitiveness of Thailand on the global market.
Tax Flood Relief Measures for BOI Promoted Companies
The Cabinet has approved tax relief measures for Board of Investment (‘BOI’) promoted companies that have been affected by the flooding.