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.
Thai WHT for Foreigners Abroad
Generally, withholding tax is imposed under the Thai Revenue Code when a person has assessable income in accordance with Section 40.
CIT Reductions and Exemptions for IPC
Following on from last month, Revenue Department Notification No.198 has been issued in order to specify the criteria for corporate income tax reductions and exemptions for an
International Procurement Center (‘IPC’) in accordance with Royal Decree No.518.
International Procurement Center (‘IPC’) in accordance with Royal Decree No.518.
International Procurement Centre Tax Measures
International Procurement Centre tax measures launched in Thailand.
The Thai Revenue Department has enacted Royal Decree No.518, which aims to provide tax benefits for an International Procurement Center (‘IPC’), which is broadly defined as a Thai company whose business is the purchase of goods, raw materials and parts for resale to an associated enterprise.
The Thai Revenue Department has enacted Royal Decree No.518, which aims to provide tax benefits for an International Procurement Center (‘IPC’), which is broadly defined as a Thai company whose business is the purchase of goods, raw materials and parts for resale to an associated enterprise.
Thailand’ Board of Investment Foreign Applications Increase
Foreign applications for investment were up 53% in the first quarter of 2011. The Board of Investment (‘BoI’) Secretary-General Atchaka Sibunruang voiced confidence that the investment value from applications for investment promotions would reach Bt400 billion this year as targeted given the clear recovery of the global and domestic economies.
Crackdown on foreign nominee land sales
The Excise Department will strictly inspect land transactions in highly popular tourist destinations in the South where tax evasion is said to be widespread.