26 September 2022 An expatriate, who obtains LTR Visa as a “Wealthy Global Citizen” “Wealthy Pensioner”, or “Work-From-Thailand Professional”, may be exempted from personal income tax (PIT) by virtue of Royal Decree 743 for incomes...

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26 September 2022 To promote Thailand as destination for expatriates with high eligibilities and net worth, Royal Decree (No. 743) (“Royal Decree 743”) was issued on 21 May 2022 to grant tax incentives to certain...

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20 September 2022 Ever since Thailand has set national goals towards “Thailand 4.0”, a number of tax incentives have been introduced to promote 10 targeted industries, comprising the so-called “First S-curve” industries, i.e.  next-generation automotive,...

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20 September 2022 On 3 June 2020, Thailand has become a signatory to the Multilateral Convention on mutual Administrative Assistance in Tax Matters (“MAC”), which is a treaty facilitating the exchange of information to combat...

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28 June 2021_ Thailand is getting ready to implement the Convention on Mutual Administrative Assistance in Tax Matters (“MAC”), to which it became a signatory state on 3 June 2020. Under MAC, the member states...

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23 June 2021_   On 16 April 2021, the Ministry of Finance issued Ministerial Regulation No. 374 changing fundamental rules concerning the write-off of bad debts for corporate income tax (“CIT”) purposes, due to its obsolescence....

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On 10 July 2020, the Revenue Department announced that it was expecting a bill for amendment of the Revenue Code to impose VAT on digitalized form of services, or the so-called “e-Service Tax Act”....

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Thailand is working with OECD regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) that will apply alongside the existing tax treaties. While MLI offers some flexibility to leave...

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On 3 June 2020, Thailand became the 137th jurisdiction that signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, or the so-called “MAC”, a convention developed jointly by the Organization for Economic...

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On 20 June 2020, the Thai government issued a Royal Decree No. 705 to exempt withholding tax, which is normally imposed at the rate of 15%, for interests that a foreign entity that does...

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