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.
Corporate income tax refunds via Prompt Pay
On 28 April 2020, it was announced that the Revenue Department will provide corporate income tax refunds via the Prompt Pay system from 1 May 2020. This is another way for taxpayers to request a refund in addition to receiving cheques or wire transfers.
Tax measures on the production base relocation
On 28 April 2020, the Cabinet approved three draft Royal Decrees on tax measures to support the relocation of the production base of foreign investors (the Thailand Plus Package).
Double deduction of expenses for domestic training
In order to stimulate domestic tourism and the Thai economy, on 4 February 2020, the Cabinet approved a measure relating to corporate income tax proposed by the Ministry of Finance.
Extension of deadline for filing annual PIT return
Generally, the deadline for filing annual personal income tax return is 31 March. However, in its meeting on 4 February 2020, the Cabinet approved a measure proposed by the Ministry of Finance to extend the deadline for filing annual personal income tax returns for 2019 from 31 March 2020 to 30 June 2020.
No evidence for an insurance premiums deduction
The Revenue Department provides information on various types of tax allowances from relevant organizations on its “My Tax Account” system, so that taxpayers can search for information on allowances and their tax benefits.