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.
Thailand’s Revenue Department Must Chase After Trillions
The implications are that with greater resources, the department would be more efficient in carrying out its duties and collecting the funds that help pay for our roads, hospitals, education and public services.
Thailand's Board of Investment agrees tax incentives for 13 projects
The Board of Investment of Thailand (‘BOI’) has approved tax incentives for 13 projects with combined value of 41.6 billion baht (US$1.35 billion). Among these projects are those of Thai Airways International, Mai Tan and Ajinomoto (Thailand).
Toyota warns about impacts of Thailand tax reform
Thailand may benefit from a Toyota relocation from Japan to Korea. However, Toyota warned that the Thai government must be careful not to make any dramatic change to policy guidelines that would hurt the local automotive industry, especially tax restructuring that might push up car production costs.
Toyota expressed concern after hearing reports that Thailand’s Revenue Department were working on a new automobile excise tax structure
Toyota expressed concern after hearing reports that Thailand’s Revenue Department were working on a new automobile excise tax structure
Thai Revenue Department - Payment by Tax Smart Card
The Revenue Department has set up an alternative payment method, the ‘Tax Smart Card’. Although in theory this could be of benefit, the conditions of use make it unlikely to take off as a popular alternative to the current methods.
Thailand’s Insurers want Tax Incentives for Listing
Life and non-life insurance companies are asking the Finance Ministry to waive merger and acquisition taxes and reduce corporate income tax as incentives to list on the Stock Exchange of Thailand.