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.

Reduced value-added tax rate extended

The reduced value-added tax (VAT) rate of 7% was set to expire after 30 September 2019, unless another law was passed extending it.

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Update on electronic tax filing and documentation in Thailand

Since 2012, the Revenue Department (“RD”) has had a policy of supporting the preparation and delivery of electronic tax invoices (“e-tax invoices”) or electronic receipts (“e-receipts”) to support electronic transactions in the private sector and to increase the efficiency of electronic services (“e-services”) of the government.

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Extension of the reduced VAT rate

Currently, the value-added tax (VAT) rate is reduced from the normal rate of 10% to 7%. This reduction was set to expire after 30 September 2019, unless another law was passed extending the reduced VAT rate.

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Reminder About Filing Half-Year CIT Returns

The deadline for filing the half-year corporate income tax return (Form PND. 51) and paying half-year income tax is 2 September 2019 for companies or legal partnerships where the fiscal year is the same as the calendar year.

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Payment of Stamp Duty for Electronic Instruments

The Thai Revenue Department issued Notification of the Director-General on Stamp Duty No. 58 in June 2019 together with Notification of the Director-General on Stamp Duty No. 59 in July 2019 to specify the methods to be used for paying stamp duty on electronic instruments. Those Notifications took effect on 1 July 2019.

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