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.
International Procurement Centre Tax Measures
International Procurement Centre tax measures launched in Thailand.
The Thai Revenue Department has enacted Royal Decree No.518, which aims to provide tax benefits for an International Procurement Center (‘IPC’), which is broadly defined as a Thai company whose business is the purchase of goods, raw materials and parts for resale to an associated enterprise.
The Thai Revenue Department has enacted Royal Decree No.518, which aims to provide tax benefits for an International Procurement Center (‘IPC’), which is broadly defined as a Thai company whose business is the purchase of goods, raw materials and parts for resale to an associated enterprise.
Thailand’ Board of Investment Foreign Applications Increase
Foreign applications for investment were up 53% in the first quarter of 2011. The Board of Investment (‘BoI’) Secretary-General Atchaka Sibunruang voiced confidence that the investment value from applications for investment promotions would reach Bt400 billion this year as targeted given the clear recovery of the global and domestic economies.
Crackdown on foreign nominee land sales
The Excise Department will strictly inspect land transactions in highly popular tourist destinations in the South where tax evasion is said to be widespread.
Tax Deduction for Educational Institutes
To encourage literacy, the Revenue Department has provided a tax deduction for donations to a government educational institute, private school or university for the purchase of books or electronic reading materials.
Tax Relief for Donations to National Disasters
Donations made in response to the recent Japanese earthquake and tsunami and the severe flooding in 2010 in Thailand will be eligible for tax relief.