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.
Manually Amending the Tax ID on Tax Invoices
Previously, VAT registrants whose tax identification number had been changed by the Revenue Department were allowed to manually amend their tax invoices which were previously printed by the printing houses within six months from the date of receiving the notification letter of the tax ID change from the Revenue Department.
Debt Restructuring in a Subsidiary
On 18 March 2014, the Revenue Department announced Instruction No. Paw. 146 which repeals Instruction No. Paw. 135/2551 issued in 2008.
Tax Issues when Reducing Share Capital
The need for reducing share capital may arise for various reasons such as the occurrence of trading losses, capital surplus or shareholder restructuring issues.
SBT Exemptions Legalised by Royal Decree
Previously, interest that a company charged on loans provided to an associated company or its employees were exempt from Special Business Tax (SBT) under the Departmental Instruction No. Paw. 26/2534.
Tax Exemption for Subsidies Incentives
On 23 December 2013, Royal Decree No. 570 was announced granting an exemption on personal income tax and corporate income tax for subsidies derived from the Government for permanently preventing flood, storm, fire, or other natural disasters that might happen in Thailand.