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...

Read more

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...

Read more

By virtue of Ministerial Regulation No. 361 dated 27 March 2020, effective from 1 April – 30 September 2020, withholding tax rate will be reduced from 3% to 1.5% for the following types of...

Read more

Due to Thailand’s participation in the Global Forum on Transparency and Exchange of Information for Tax Purposes and the Inclusive Framework on BEPS, the Ministry of Finance has decided to terminate all tax privileges...

Read more

On 3 May 2019, the Revenue Department issued an Announcement of the Director General concerning income tax (No. 346) requiring all commercial banks in Thailand to submit taxpayers’ information in all bank accounts to...

Read more