You will find here a series of summaries providing an overview of useful tax regulations, processes and tax issues for Doing Business in Thailand.

No cheques for personal income tax refunds

As set out in Revenue Department Newsletter no. 15/2019 on 2 January 2019, for taxpayers who file personal income tax returns electronically (through www.rd.go.th or the Smart Tax application) and claim a tax refund for 2018, the Revenue Department will send the tax refund to the taxpayer’s PromptPay account electronically, and will no longer issue cheques.

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Tax Return e-Filing Deadline Extended Again

The grace period for filing a tax return electronically of 8 days after the normal deadline was set to expire after 31 January 2019, unless another law was passed extending it. On 28 January 2019, the Thai government issued a notification to extend the grace period of 8 days for another two years, from 1 February 2019 to 31 January 2021.

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Update on significant changes to tax incentives

In our tax update for October 2018, we noted that the Cabinet approved four draft Royal Decrees proposed by the Ministry of Finance. On 28 December 2018, those Royal Decrees were published in the Government Gazette.

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Personal income tax allowances

On 19 December 2018, Ministerial Regulation No. 341 issued by the Revenue Department was published in the Government Gazette. This regulation allows a personal income tax deduction of up to THB 15,000 for purchases of the following domestic goods or services from 15 December 2018 through 16 January 2019.

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Tax deduction for a second child

On 11 November 2018, Amendment No. 46 to the Revenue Code was published in the Royal Gazette, effective from 12 November 2018. This amendment is intended to encourage married couples to have more children by allowing a taxpayer to claim a personal income tax deduction of up to THB 60,000 for a second child born from 2018 onwards.

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