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.
VAT Refunds for Exporters
For many exporters the process of refunding the VAT is a drain on the cash flow, time consuming, intrusive, creates uncertainty and a distraction from managing the day to day business operations.
Corporate Tax Exemption on Replacement Machinery
Royal Decree No. 551, published in the Royal Gazette on 14 November 2012, grants a corporate income tax exemption to SMEs for the sale of machinery used in the production of goods.
Social Security Rate Remains at 4% for 2013
In order to relieve employers’ burden from the 300 Baht minimum daily wage policy, the Board of the Social Security Fund has approved a year’s extension of the reduction in the Social Security contribution rate.
Amendment to Married Couples’ Tax Filing from 2012
As a consequence of the Constitutional Court’s judgment handed down in July this year, the Thai Government has issued an emergency decree to repeal the unconstitutional provisions of the Revenue Code that requires husbands to combine their wives’ income in their personal income tax return.
Personal Income Tax Rate Reduced
The Cabinet approved the personal income tax rate reduction on 18 December 2012 as proposed by the Ministry of Finance.