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.
Stamp duty payment methods in Thailand
Stamp duty is payable on most instruments or documents filed by companies with Government agencies or entities and on official company documents. The dutiable instruments include hire of work agreements, transfers of land, leases of immovable property, share transfers, debentures, mortgages, life assurance policies, annuities, powers of attorney, promissory notes, letters of credit, and cheques.
"Easy E-receipt" tax rebate program
To boost domestic consumption at the start of the new year and to encourage business operators to join the tax system and e-tax system, the Thai government has provided a special personal income tax deduction of up to THB 50,000 for the domestic purchase of goods and services from qualified business operators from 1 January 2024 to 15 February 2024.
Further guidance from the Revenue Department on Foreign Sourced Income
On 20 November 2023, the Revenue Department issued Departmental Instruction No. Paw.162 ("DI Paw. 162"), which provides further guidance that the interpretation under the Departmental Instruction Paw.161/2566 ("DI Paw.161") shall not apply to any foreign-sourced income earned by Thai tax residents before 1 January 2024.
Tax flash news: Further guidance from the Revenue Department on Foreign Sourced Income
On 20 November 2023, the Revenue Department issued Departmental Instruction no. Paw.162 ("DI Paw. 162"), which provides further guidance that the interpretation under the Departmental Instruction Paw.161/2566 ("DI Paw.161") shall not apply to any foreign-sourced income earned by Thai tax residents before 1 January 2024.
Q&A published on foreign-sourced income
Following the issuance of the Revenue Departmental instruction number Paw. 161/2566 ("DI. Paw. 161") in September 2023, the Revenue Department published on its website this month a Q&A concerning the concept, conditions and clarification of tax treatments on foreign-sourced income under the Revenue Code.