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 Ruling on IT Services by an Overseas Company
Company A is incorporated under Thai law and engages in the business of advertising. Company A entered into a service agreement with Company B, which is a company incorporated under Singapore law. Under the terms of the agreement, Company B provided services related to Information Technology such as internet access service, data network service, firewall management and others.
VAT Implications on a Virtual Office
Company A carried on the business of providing virtual office space by renting a floor in a building and dividing this space into several units, then renting each unit to be used as virtual office.
Tax Ruling Services Provided Outside Thailand
Company A, which is incorporated under Thai law, wished to use the services of signal compression and signal transmission to satellites.
200% Allowance and Deduction for Donations
On 23 August 2013, the Director-General of the Revenue Department issued two notifications to prescribe rules and conditions on educational and sport donations which are eligible for a 200% allowance and deduction under the Royal Decree No. 558 and No. 559, respectively.
FATCA: Thai Cabinet Approves Draft
On 3 September 2013, the Cabinet agreed a draft negotiation framework for the cooperation in international taxation and the implementation of the Foreign Account Tax Compliance Act provisions between the governments of Thailand and the United States and passed to Parliament for further approval.