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.
Carbon pricing in excise tax rates
On 21 January 2025, the Cabinet approved the principles of a draft Ministerial Regulation to be issued by the Ministry of Finance regarding the implementation of a carbon tax as part of efforts to reduce greenhouse gas emissions and promote environmental sustainability.
Thailand enacts global minimum tax: Key implications of the Emergency Decree on Top-Up Tax B.E. 2567
On 26 December 2024, Thailand enacted the Emergency Decree on Top-Up Tax B.E. 2567, representing a significant legislative milestone in the adoption of the OECD’s BEPS 2.0 Pillar Two Framework.
VAT Compliance alert: New input VAT deduction rules for sales outside of Thailand
On 5 February 2025, the Thai Revenue Department issued Departmental Instruction No. Paw 164/2568 (“Paw 164”), which significantly amends the treatment of input VAT for VAT registrants engaged in the sale of goods outside of Thailand. This instruction repeals the second paragraph of Clause 3 of the previously issued Departmental Instruction No. Paw 89/2542 (“Paw 89”) and introduces two new provisions, Clause 3/1 and Clause 3/2, which impose stricter input VAT allocation requirements.
The Revenue Department introduces tax measures to promote investment in Special Economic Zones
On 13 January 2025, the Cabinet approved the principles of a draft Royal Decree on tax exemptions as part of measures to promote investment in Special Economic Zones (SEZ).
‘Easy E-Receipt 2.0’ offers tax deductions of up to THB 50,000 to stimulate the domestic economy
To stimulate domestic consumption and support the local economy, the Revenue Department encourages taxpayers to take part in the ‘Easy E-Receipt 2.0’ program.