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.
Payment of stamp duty for electronic instruments
The Revenue Department issued Notifications of the Director-General on Stamp Duty No. 66 and No. 67 on 1 February 2023 to specify the methods to be used for paying stamp duty on electronic instruments executed from 19 August 2022 to 31 December 2023.
Foreign actors granted exemption from personal income tax for five years
Foreign actors granted exemption from personal income tax and will come into effect approximately six months from that date (early in August 2023), grants foreign actors working on films shot in Thailand an exemption from personal income tax for five years
“Shop Dee Mee Kuen” tax rebate scheme
In an effort to boost domestic consumption at the start of the new year and to promote e-tax systems for businesses registered for VAT, the Thai government has provided a personal income tax deduction of up to THB 40,000 for the domestic purchase of goods and services from 1 January 2023 to 15 February 2023.
Royal Decree on VAT exemption for data hosting services
Royal Decree No. 759 was published in the Government Gazette on 8 November 2022. It provides an exemption from VAT for data centres which provide the following services:
Tax implications of New Year’s gifts and events
At this time of year, many companies tend to host New Year’s parties for their employees. Companies should keep in mind the following tax issues related to New Year’s parties and New Year’s gifts given to employees.