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.

New Excise Tax Rates on Cars

From 1 January 2016 onward, the Excise Department will impose new tax rates on cars computed on the basis of the rate of carbon dioxide emissions, instead of the engine capacity. This will result in higher prices for cars.

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New International Headquarters Incentives

The Thai government issued Royal Decree Number 586 in April 2015. This Royal Decree sets out the new International Headquarters (IHQ) incentives, the qualifications for which are less stringent than those under the current Regional Operating Headquarters (ROH) regime. This should make the IHQ incentives attractive to more companies operating in Thailand.

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Tax relief on Donations to Nepal

A cash donation to support the relief efforts following the earthquake in Nepal through “Send Thai Hearts to Nepal” (KrungThai Bank account 067-0-10330-6) can be used as a tax allowance for personal income tax.

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New Transfer Pricing Regulations

At the Cabinet meeting on 7 May 2015, the Cabinet approved a draft bill to amend the Revenue Code which will add a provision to define the criteria for determining the transfer price between controlled or related entities.

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Changes to the Provident Fund

The Cabinet has approved the amendment of the Provident Fund Law, which should come into effect this year. An employee can currently contribute into a provident fund at the same rate matched by the employer.

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