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.
Mutual fund products for long-term savings
On 3 December 2019, the Cabinet approved mutual fund products for long-term savings.
Postponement of land and building tax collection
On 12 March 2019, the Land and Building Tax Act, 2562 B.E. (“the Act”), was published in the Government Gazette. Tax collection for land and buildings under this Act was to begin on 1 January 2020. However, on 11 December 2019, the Ministry of Interior announced that it was postponing the timeline for procedures under the Act.
Tax costs for online advertising to a foreign firm
Many companies currently use online advertising to promote their business. Advertisements may be shown in a search engine or the website of a company residing outside of Thailand. There are several rulings issued by the Revenue Department on the Thai tax implications of a Thai company paying advertising fees to an offshore advertising company.
Tax treatment of employee termination payments
When an employee has his employment terminated, he may receive various types of payments as part of a severance package.
Update on cancellation of tax incentives
The Thai Cabinet approved three draft Royal Decrees to cancel all tax incentives provided under the Regional Operating Headquarters (ROH), International Headquarters (IHQ) and International Trading Centre (ITC) regimes on 26 March 2019.