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 Incentives to Promote Stable Economic Growth
On 6 August 2013, the Cabinet approved a package of measures for the promotion of sustainable economic growth. The following tax incentives were approved as part of the package.
Half-Year Corporate Tax Return Filing Reminder
Please be reminded that the deadline for filing a half-year corporate tax return (PND. 51) and paying half-year income tax is 2 September 2013 for companies or juristic partnerships whose financial year follows the calendar year that follow the calendar year, i.e. January to December.
Tax Measures to Support SMEs
On 9 May 2013 three Royal Decrees were enacted to extend some tax measures launched by the Thai Government to support SMEs* until 31 December 2013.
New VAT Compliance Rules, effective 2014
In an effort to reduce VAT fraud, the Revenue Department has introduced new VAT compliance rules which require a VAT operator to add certain information on tax invoices, debit/credit notes, and VAT records, according to the VAT Notifications 194 – 197.
SMEs Income Tax Exemption Threshold Raised
As a measure to reduce the tax burden and increase financial liquidity for small and medium-sized enterprises (‘SMEs’) affected by the increase in the nationwide minimum daily wage to 300 Baht, which took effect at the beginning of this year, the income tax exemption threshold for SMEs has been raised from 150,000 Baht to 300,000 Baht a year, resulting in new tax bands for SMEs.