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.
CIT and PIT Cuts Maintained
The tax rate for non-SME companies has been temporarily reduced by Royal Decree No. 530 issued by the previous Government from the statutory flat rate of 30% prescribed by the Revenue Code to the temporary rate of 20% which is set to expire at the end of the 2014 accounting period.
Tax Reform – September 2014 Update
The Revenue Department is slated to present its tax reform proposal to the Finance Ministry. The package will cover inheritance and gift tax, land and buildings tax, the restructuring of VAT and personal income tax and measures for preventing international tax evasion.
Tax Treatment on Employee Termination Payments
When an employee has his or her employment terminated, they may receive various types of payments as part of their severance package.
Tax Ruling on Teachers’ Remuneration
Foreign professors, teachers or researchers remuneration may be exempted from personal income tax in Thailand.
BOI: Taxing Foreign Exchange Gains
Companies promoted under the Board of Investment (‘BOI’) are frequently unfamiliar with the corporate income tax treatment on foreign exchange gains.