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.

Tax Issues that the New Year Brings

It is common at this time of year to give gifts to your employees or customers, to hold a party or to take your employees on a trip. But what are the tax implications?

Read more

Tax incentives for the sale of gold bars

In November 2017, the Thai government approved draft laws that reduce and exempt taxes for the sale of gold bars under a forward contract.

Read more

Corporate income tax exemption on subsidies

Under the laws for enhancing the competitiveness of the country for targeted industries, there are many investment privileges and benefits given to businesses in such industries.

Read more

Tax deduction for health insurance premiums

Based on the Cabinet meeting on 19 September 2017, the Thai government approved a draft law granting a personal income tax deduction for the payment of health insurance premiums by an individual taxpayer.

Read more

Personal income tax benefits for employees

As set out in our tax article for July 2017, the Thai government issued Royal Decree Number 641 giving personal income tax benefits to an employee (“the Employee”) of a company or legal partnership that conducts business in a targeted industry, and has its place of business (defined as a place that is used in the normal course of business or used for manufacturing goods on a regular basis) in Chachoengsao, Chonburi, or Rayong Provinces.

Read more