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.

Write it off as a tax deductible expense

Writing off a bad debt as a tax deductible expense is not straight forward. According to the Ministerial Regulation No. 186 (B.E. 2534), the company can recognize a bad debt write-off for every receivable blow Baht 100,000 (per debtor) if the following criteria are met:

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Income tax for a house during the floods

Accommodation provided by a company to its employee affected by the floods, even if the employee’s home is not located in the flood-hit area, will not be considered as the employee’s taxable income.

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RO assess the market rate on an interest-free loan

The company can lend money interest free or at a rate lower than the market rate to its employees affected by the floods if such a benefit is included in the company’s human resources policy, i.e. Staff Handbook.

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First Home Owner's Tax Incentive

The income tax incentive for first home owners has now been enacted by Royal Decree No. 528.
The incentive is in the form of a tax credit to be utilised against tax payable if the following conditions are met.

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Mazars Thailand Flooding Update - Tax Submission Deadline Extension

The Revenue Department has proposed to extend the tax submission deadlines for businesses affected by the floods in Nakorn Pathom, Samut Sakorn, Suphan Buri and certain districts in Bangkok.

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