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.
Personal Income Tax Returns - New Guidelines for Spouses
On 19 September 2012, the Revenue Department issued a new guideline for a spouse filing a personal tax return for the fiscal year 2012 onwards.
Apportioning Purchase VAT
In general, purchase VAT that is attributable to non-VAT business (i.e. VAT exempt) is not recoverable. The notification of the Director-General of the Revenue Department on VAT (No. 29) sets out the rules for apportioning purchase VAT (input tax).
NACC Requires Additional Reporting on Government Procurement Contracts
The National Anti-Corruption Commission (‘NACC’) has issued a notification requiring private sector entities (including individuals, Thai companies, and foreign companies with a local presence) that enter into procurement contracts with government agencies (including state enterprises) to prepare and electronically submit annual revenue and expense accounts to the Revenue Department together with the e-filing of their Corporate Income Tax returns (PND 50).
Ruling on Filing Separate Tax Returns for Husband and Wife
According to the Notification of the Constitution Court published in the Royal Gazette on 11 July 2012, the Constitution Court ruled that Section 57 ter and 57 quarter of the Revenue Code are unconstitutional (Thai Constitution B.E. 2550 (2007)).
Personal Income Tax Exemptions for Capital Gains
The Ministry of Finance has issued Ministerial Regulation No. 290, to exempt personal income tax on capital gains derived from sales of securities listed on an ASEAN stock exchange.